State of Wisconsin Investment Board grew its position in Foot Locker, Inc. (NYSE:FL) by 5.6% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 121,616 shares of the athletic footwear retailer’s stock after purchasing an additional 6,408 shares during the period. State of Wisconsin Investment Board owned about 0.10% of Foot Locker worth $4,283,000 as of its most recent filing with the SEC.
Other large investors have also recently modified their holdings of the company. D.A. Davidson & CO. boosted its stake in shares of 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 valued at $105,000 after purchasing an additional 714 shares in the last quarter. Penserra Capital Management LLC boosted its stake in shares of Foot Locker by 13.0% in 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 in the last quarter. Pacer Advisors Inc. boosted its stake in shares of Foot Locker by 49.6% in 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 in the last quarter. Ffcm LLC boosted its stake in shares of Foot Locker by 9.3% in the 2nd quarter. Ffcm LLC now owns 4,072 shares of the athletic footwear retailer’s stock valued at $201,000 after purchasing an additional 348 shares in the last quarter. Finally, Exane Derivatives boosted its stake in shares of Foot Locker by 110,475.0% in the 3rd quarter. Exane Derivatives now owns 4,423 shares of the athletic footwear retailer’s stock valued at $156,000 after purchasing an additional 4,419 shares in the last quarter. Institutional investors own 87.42% of the company’s stock.
Shares of Foot Locker, Inc. (NYSE FL) opened at $40.69 on Tuesday. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.39 and a quick ratio of 2.08. Foot Locker, Inc. has a 52 week low of $28.42 and a 52 week high of $79.43. The company has a market capitalization of $4,950.00, a PE ratio of 9.67, a PEG ratio of 2.84 and a beta of 0.66.
Foot Locker (NYSE:FL) last issued its quarterly earnings data on Friday, November 17th. The athletic footwear retailer reported $0.87 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.07. Foot Locker had a return on equity of 19.96% and a net margin of 6.79%. The business had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.82 billion. During the same period in the previous year, the firm earned $1.13 EPS. Foot Locker’s quarterly revenue was down .8% compared to the same quarter last year. sell-side analysts predict that Foot Locker, Inc. will post 3.95 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 2nd. Investors of record on Friday, January 19th will be given a $0.31 dividend. The ex-dividend date of this dividend is Thursday, January 18th. This represents a $1.24 annualized dividend and a dividend yield of 3.05%. Foot Locker’s dividend payout ratio is presently 31.23%.
A number of research analysts recently issued reports on FL shares. Cowen and Company set a $40.00 price target on Foot Locker and gave the company a “hold” rating in a report on Saturday. Bank of America Corporation cut Foot Locker from a “neutral” rating to an “underperform” rating in a report on Friday, August 18th. Zacks Investment Research raised Foot Locker from a “sell” rating to a “hold” rating in a report on Monday, October 23rd. Morgan Stanley reaffirmed an “overweight” rating and issued a $50.00 price target (down from $65.00) on shares of Foot Locker in a report on Tuesday, August 29th. Finally, Deutsche Bank AG raised Foot Locker from a “hold” rating to a “buy” rating and lifted their price target for the company from $38.00 to $45.00 in a report on Friday. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twelve have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $53.26.
Foot Locker Company Profile
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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