Envestnet Asset Management Inc. Has $1.68 Million Position in Foot Locker, Inc. (FL)

Envestnet Asset Management Inc. trimmed its position in shares of Foot Locker, Inc. (NYSE:FL) by 36.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 47,708 shares of the athletic footwear retailer’s stock after selling 26,862 shares during the period. Envestnet Asset Management Inc.’s holdings in Foot Locker were worth $1,679,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of FL. Renaissance Technologies LLC grew its holdings in Foot Locker by 1,744.5% during the 2nd quarter. Renaissance Technologies LLC now owns 1,372,300 shares of the athletic footwear retailer’s stock valued at $67,627,000 after purchasing an additional 1,297,900 shares during the last quarter. Rockefeller Financial Services Inc. bought a new position in Foot Locker in the 3rd quarter worth about $42,618,000. Bank of New York Mellon Corp grew its stake in Foot Locker by 32.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 3,591,593 shares of the athletic footwear retailer’s stock worth $126,495,000 after acquiring an additional 870,899 shares in the last quarter. Koch Industries Inc. bought a new position in Foot Locker in the 2nd quarter worth about $720,000. Finally, Marshall Wace North America L.P. grew its stake in Foot Locker by 6,648.7% in the 2nd quarter. Marshall Wace North America L.P. now owns 729,398 shares of the athletic footwear retailer’s stock worth $35,741,000 after acquiring an additional 718,590 shares in the last quarter. Institutional investors own 88.08% of the company’s stock.

Shares of Foot Locker, Inc. (FL) opened at $45.65 on Friday. Foot Locker, Inc. has a 52-week low of $28.42 and a 52-week high of $77.86. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.09 and a current ratio of 4.41. The company has a market cap of $5,530.00, a P/E ratio of 10.82, a P/E/G ratio of 2.24 and a beta of 0.84.

Foot Locker (NYSE:FL) last posted its earnings results on Friday, November 17th. The athletic footwear retailer reported $0.87 EPS for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.07. Foot Locker had a net margin of 6.79% and a return on equity of 19.96%. The company had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.82 billion. During the same quarter in the prior year, the company posted $1.13 earnings per share. Foot Locker’s revenue for the quarter was down .8% compared to the same quarter last year. equities analysts forecast that Foot Locker, Inc. will post 4.08 EPS for the current fiscal year.

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 given a dividend of $0.31 per share. The ex-dividend date of this dividend is Thursday, January 18th. This represents a $1.24 dividend on an annualized basis and a yield of 2.72%. Foot Locker’s payout ratio is 31.23%.

A number of equities analysts have commented on the stock. Jefferies Group set a $61.00 target price on shares of Foot Locker and gave the stock a “buy” rating in a research note on Friday, November 17th. ValuEngine upgraded shares of Foot Locker from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. B. Riley set a $40.00 target price on shares of Foot Locker and gave the stock a “hold” rating in a research note on Monday, November 20th. Buckingham Research downgraded shares of Foot Locker from a “buy” rating to a “neutral” rating in a research note on Monday, October 23rd. They noted that the move was a valuation call. Finally, Robert W. Baird reaffirmed a “hold” rating and issued a $37.00 price target on shares of Foot Locker in a research report on Sunday, October 29th. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twelve have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $53.23.

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Foot Locker 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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Institutional Ownership by Quarter for Foot Locker (NYSE:FL)

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