The Manufacturers Life Insurance Company cut its position in Foot Locker, Inc. (NYSE:FL) by 4.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 148,142 shares of the athletic footwear retailer’s stock after selling 6,332 shares during the quarter. The Manufacturers Life Insurance Company owned about 0.11% of Foot Locker worth $7,300,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of FL. D.A. Davidson & CO. boosted its holdings 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 worth $105,000 after purchasing an additional 714 shares in the last quarter. Penserra Capital Management LLC lifted 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 acquiring an additional 348 shares during the last quarter. Oppenheimer & Co. Inc. bought a new stake in shares of Foot Locker in the 1st quarter valued at about $255,000. Pacer Advisors Inc. lifted 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 acquiring an additional 1,305 shares during the last quarter. Finally, Ffcm LLC lifted 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 acquiring an additional 348 shares during the last quarter. Hedge funds and other institutional investors own 95.29% of the company’s stock.
Foot Locker, Inc. (NYSE FL) traded down $0.27 during trading on Friday, hitting $30.34. 3,786,800 shares of the stock traded hands, compared to its average volume of 3,283,254. The company has a market capitalization of $3,795.57, a P/E ratio of 6.83, a PEG ratio of 2.13 and a beta of 0.66. Foot Locker, Inc. has a 1 year low of $28.42 and a 1 year high of $79.43. The company has a quick ratio of 2.88, a current ratio of 5.63 and a debt-to-equity ratio of 0.04.
Foot Locker (NYSE:FL) last issued its quarterly earnings data on Friday, August 18th. The athletic footwear retailer reported $0.62 EPS for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.28). The business had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.80 billion. Foot Locker had a return on equity of 21.52% and a net margin of 7.49%. The business’s quarterly revenue was down 4.4% on a year-over-year basis. During the same period last year, the firm earned $0.94 EPS. research analysts expect that Foot Locker, Inc. will post 3.94 earnings per share for the current year.
The firm also recently disclosed 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 4.09%. The ex-dividend date was Thursday, October 12th. Foot Locker’s dividend payout ratio (DPR) is 28.57%.
A number of research analysts have commented on FL shares. BidaskClub lowered Foot Locker from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 25th. Morgan Stanley reaffirmed an “overweight” rating and set a $50.00 price target (down previously from $65.00) on shares of Foot Locker in a research report on Tuesday, August 29th. Deutsche Bank AG set a $72.00 target price on Foot Locker and gave the stock a “buy” rating in a report on Monday, July 17th. Zacks Investment Research upgraded Foot Locker from a “sell” rating to a “hold” rating in a report on Monday, October 23rd. Finally, Cowen and Company set a $37.00 price target on Foot Locker and gave the stock a “hold” rating in a research note on Monday, October 23rd. Two research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and eleven have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $61.05.
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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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