Traders sold shares of Foot Locker, Inc. (NYSE:FL) on strength during trading on Friday. $272.12 million flowed into the stock on the tick-up and $320.32 million flowed out of the stock on the tick-down, for a money net flow of $48.20 million out of the stock. Of all equities tracked, Foot Locker had the 0th highest net out-flow for the day. Foot Locker traded up $8.97 for the day and closed at $40.82
A number of brokerages recently weighed in on FL. BidaskClub lowered shares of Foot Locker from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 25th. Morgan Stanley restated an “overweight” rating and issued a $50.00 price objective (down from $65.00) on shares of Foot Locker in a report on Tuesday, August 29th. Zacks Investment Research upgraded shares of Foot Locker from a “sell” rating to a “hold” rating in a report on Monday, October 23rd. Cowen and Company set a $37.00 price objective on shares of Foot Locker and gave the stock a “hold” rating in a report on Monday, October 23rd. Finally, Robert W. Baird restated a “hold” rating and issued a $37.00 price objective on shares of Foot Locker in a report on Sunday, October 29th. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twelve have issued a buy rating to the company’s stock. Foot Locker has an average rating of “Hold” and a consensus target price of $57.67.
The company has a current ratio of 5.63, a quick ratio of 2.88 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $5,061.60, a PE ratio of 9.67, a PEG ratio of 2.84 and a beta of 0.66.
The company also recently announced a quarterly dividend, which will be paid on Friday, February 2nd. Investors of record on Friday, January 19th will be issued a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 3.04%. The ex-dividend date is Thursday, January 18th. Foot Locker’s dividend payout ratio is currently 31.16%.
Institutional investors have recently modified their holdings of the stock. D.A. Davidson & CO. boosted its holdings in Foot Locker by 50.3% in the 2nd quarter. D.A. Davidson & CO. now owns 2,133 shares of the athletic footwear retailer’s stock worth $105,000 after buying an additional 714 shares during the period. Penserra Capital Management LLC boosted its holdings in shares of Foot Locker by 13.0% during the 2nd quarter. Penserra Capital Management LLC now owns 3,016 shares of the athletic footwear retailer’s stock valued at $148,000 after purchasing an additional 348 shares during the last quarter. Smithfield Trust Co. boosted its holdings in shares of Foot Locker by 276.2% during the 3rd quarter. Smithfield Trust Co. now owns 3,198 shares of the athletic footwear retailer’s stock valued at $113,000 after purchasing an additional 2,348 shares during the last quarter. Assetmark Inc. boosted its holdings in shares of Foot Locker by 205.0% during the 3rd quarter. Assetmark Inc. now owns 3,834 shares of the athletic footwear retailer’s stock valued at $135,000 after purchasing an additional 2,577 shares during the last quarter. Finally, Pacer Advisors Inc. boosted its holdings in shares of Foot Locker by 49.6% during the 2nd quarter. Pacer Advisors Inc. now owns 3,935 shares of the athletic footwear retailer’s stock valued at $194,000 after purchasing an additional 1,305 shares during the last quarter. 95.20% of the stock is owned by institutional investors.
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About Foot Locker
Foot Locker, Inc is a retailer of shoes and apparel. The Company operates through two segments: Athletic Stores and Direct-to-Customers. The Company is an athletic footwear and apparel retailer, which include businesses, such as include Foot Locker, Kids Foot Locker, Lady Foot Locker, Champs Sports, Footaction, Runners Point, Sidestep and SIX:02.
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