AHL Partners LLP grew its position in shares of Foot Locker, Inc. (NYSE:FL) by 90.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,866 shares of the athletic footwear retailer’s stock after purchasing an additional 6,580 shares during the quarter. AHL Partners LLP’s holdings in Foot Locker were worth $683,000 as of its most recent SEC filing.
Several other hedge funds have also recently made changes to their positions in FL. BlackRock Inc. increased its holdings in Foot Locker by 2,189.3% in the first quarter. BlackRock Inc. now owns 9,163,944 shares of the athletic footwear retailer’s stock worth $685,553,000 after purchasing an additional 8,763,641 shares in the last quarter. Renaissance Technologies LLC increased its holdings in Foot Locker by 1,744.5% in the second quarter. Renaissance Technologies LLC now owns 1,372,300 shares of the athletic footwear retailer’s stock worth $67,627,000 after purchasing an additional 1,297,900 shares in the last quarter. Morgan Stanley increased its holdings in Foot Locker by 151.3% in the first quarter. Morgan Stanley now owns 1,439,075 shares of the athletic footwear retailer’s stock worth $107,656,000 after purchasing an additional 866,525 shares in the last quarter. Canada Pension Plan Investment Board increased its holdings in Foot Locker by 65.3% in the second quarter. Canada Pension Plan Investment Board now owns 1,819,210 shares of the athletic footwear retailer’s stock worth $89,651,000 after purchasing an additional 718,800 shares in the last quarter. Finally, Marshall Wace North America L.P. increased its holdings in Foot Locker by 6,648.7% in the second quarter. Marshall Wace North America L.P. now owns 729,398 shares of the athletic footwear retailer’s stock worth $35,741,000 after purchasing an additional 718,590 shares in the last quarter. 95.34% of the stock is currently owned by hedge funds and other institutional investors.
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Several research firms have recently commented on FL. Morgan Stanley upgraded Foot Locker from an “equal weight” rating to an “overweight” rating and decreased their price objective for the company from $70.00 to $65.00 in a report on Tuesday, August 8th. Credit Suisse Group restated a “neutral” rating and set a $52.00 price objective (down previously from $66.00) on shares of Foot Locker in a report on Tuesday, August 1st. ValuEngine upgraded Foot Locker from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Jefferies Group LLC set a $61.00 target price on Foot Locker and gave the company a “buy” rating in a research report on Saturday, August 19th. Finally, Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Foot Locker in a research report on Tuesday, August 15th. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating and twelve have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $62.88.
Foot Locker, Inc. (NYSE FL) opened at 31.55 on Friday. Foot Locker, Inc. has a 52 week low of $29.89 and a 52 week high of $79.43. The company has a market capitalization of $3.91 billion, a price-to-earnings ratio of 7.29 and a beta of 0.72. The firm has a 50-day moving average price of $33.92 and a 200-day moving average price of $50.05.
Foot Locker (NYSE:FL) last issued its quarterly earnings results on Friday, August 18th. The athletic footwear retailer reported $0.62 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.90 by ($0.28). The company had revenue of $1.70 billion during the quarter, compared to analysts’ expectations of $1.80 billion. Foot Locker had a net margin of 7.49% and a return on equity of 21.52%. The company’s quarterly revenue was down 4.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.94 earnings per share. Analysts anticipate that Foot Locker, Inc. will post $3.97 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, October 27th. Investors of record on Friday, October 13th were paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 3.93%. The ex-dividend date of this dividend was Thursday, October 12th. Foot Locker’s dividend payout ratio is presently 28.57%.
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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