Ossiam Acquires New Position in Foot Locker, Inc. (NYSE:FL)

Ossiam acquired a new stake in Foot Locker, Inc. (NYSE:FL) in the 2nd quarter, Holdings Channel.com reports. The firm acquired 4,196 shares of the athletic footwear retailer’s stock, valued at approximately $176,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in FL. Ruffer LLP lifted its stake in shares of Foot Locker by 17,198.5% in the second quarter. Ruffer LLP now owns 1,891,076 shares of the athletic footwear retailer’s stock valued at $79,283,000 after purchasing an additional 1,880,144 shares during the period. LSV Asset Management lifted its stake in shares of Foot Locker by 23.5% in the first quarter. LSV Asset Management now owns 4,199,887 shares of the athletic footwear retailer’s stock valued at $254,513,000 after purchasing an additional 798,850 shares during the period. Prudential Financial Inc. lifted its stake in shares of Foot Locker by 43.9% in the second quarter. Prudential Financial Inc. now owns 2,267,201 shares of the athletic footwear retailer’s stock valued at $95,041,000 after purchasing an additional 692,126 shares during the period. MERIAN GLOBAL INVESTORS UK Ltd acquired a new stake in shares of Foot Locker in the first quarter valued at about $40,444,000. Finally, Rockefeller Capital Management L.P. lifted its stake in shares of Foot Locker by 65.9% in the second quarter. Rockefeller Capital Management L.P. now owns 1,510,879 shares of the athletic footwear retailer’s stock valued at $63,336,000 after purchasing an additional 600,232 shares during the period. Hedge funds and other institutional investors own 97.69% of the company’s stock.

FL has been the subject of several recent analyst reports. Morgan Stanley upgraded shares of Foot Locker from an “underweight” rating to an “equal weight” rating and set a $40.00 price objective for the company in a research note on Thursday, August 8th. Susquehanna Bancshares cut shares of Foot Locker from a “positive” rating to a “neutral” rating and reduced their price objective for the company from $46.00 to $39.00 in a research note on Monday, August 26th. Credit Suisse Group reduced their price objective on shares of Foot Locker from $65.00 to $53.00 and set an “outperform” rating for the company in a research note on Monday, August 26th. Deutsche Bank reduced their price objective on shares of Foot Locker from $68.00 to $63.00 and set a “buy” rating for the company in a research note on Monday, August 19th. Finally, TheStreet cut shares of Foot Locker from a “b-” rating to a “c+” rating in a research report on Monday, June 17th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the company. Foot Locker currently has an average rating of “Buy” and an average price target of $55.60.

In other news, Director Matthew M. Mckenna sold 7,000 shares of Foot Locker stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $40.53, for a total transaction of $283,710.00. Following the completion of the sale, the director now directly owns 26,862 shares in the company, valued at $1,088,716.86. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 2.40% of the company’s stock.

FL traded down $0.05 during midday trading on Friday, reaching $40.47. 1,377,104 shares of the company’s stock were exchanged, compared to its average volume of 4,706,409. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.99 and a quick ratio of 0.99. The stock has a market capitalization of $4.44 billion, a PE ratio of 8.59, a P/E/G ratio of 0.88 and a beta of 0.95. The business’s 50-day moving average price is $39.19 and its 200 day moving average price is $49.06. Foot Locker, Inc. has a 1-year low of $33.12 and a 1-year high of $68.00.

Foot Locker (NYSE:FL) last issued its quarterly earnings results on Friday, August 23rd. The athletic footwear retailer reported $0.66 EPS for the quarter, hitting analysts’ consensus estimates of $0.66. The business had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.83 billion. Foot Locker had a net margin of 6.51% and a return on equity of 21.05%. The company’s quarterly revenue was down .4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.75 earnings per share. As a group, analysts expect that Foot Locker, Inc. will post 4.94 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Friday, October 18th will be issued a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, October 17th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.76%. Foot Locker’s dividend payout ratio (DPR) is presently 32.27%.

About Foot Locker

Foot Locker, Inc, through its subsidiaries, operates as an athletic shoes and apparel retailer. The company operates in two segments, Athletic Stores and Direct-to-Customers. The Athletic Stores segment retails athletic footwear, apparel, accessories, and equipment under various formats, including 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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