Candriam Luxembourg S.C.A. cut its holdings in Foot Locker, Inc. (NYSE:FL) by 56.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 36,371 shares of the athletic footwear retailer’s stock after selling 46,757 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Foot Locker were worth $1,281,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. D.A. Davidson & CO. raised its position in Foot Locker by 50.3% in the second quarter. D.A. Davidson & CO. now owns 2,133 shares of the athletic footwear retailer’s stock worth $105,000 after acquiring an additional 714 shares during the period. Penserra Capital Management LLC raised its position in shares of Foot Locker by 13.0% during 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 during the period. Smithfield Trust Co. raised its position in shares of Foot Locker by 276.2% during the 3rd quarter. Smithfield Trust Co. now owns 3,198 shares of the athletic footwear retailer’s stock valued at $113,000 after purchasing an additional 2,348 shares during the period. Pacer Advisors Inc. raised its position in shares of Foot Locker by 49.6% during 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 during the period. Finally, Ffcm LLC raised its position in shares of Foot Locker by 9.3% during 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 during the period. Institutional investors and hedge funds own 88.08% of the company’s stock.
Shares of Foot Locker, Inc. (NYSE FL) traded up $2.45 during trading hours on Monday, hitting $45.76. 6,917,199 shares of the company’s stock were exchanged, compared to its average volume of 3,577,262. Foot Locker, Inc. has a 1-year low of $28.42 and a 1-year high of $79.43. The stock has a market cap of $5,370.34, a PE ratio of 10.26, a P/E/G ratio of 2.13 and a beta of 0.84. The company has a quick ratio of 2.08, a current ratio of 4.39 and a debt-to-equity ratio of 0.05.
Foot Locker (NYSE:FL) last issued its quarterly earnings data on Friday, November 17th. The athletic footwear retailer reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.07. Foot Locker had a net margin of 6.79% and a return on equity of 19.96%. The business had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.82 billion. During the same period last year, the company posted $1.13 EPS. The business’s revenue was down .8% on a year-over-year basis. equities research analysts forecast that Foot Locker, Inc. will post 4.06 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, February 2nd. Investors of record on Friday, January 19th will be paid a dividend of $0.31 per share. The ex-dividend date is Thursday, January 18th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.71%. Foot Locker’s dividend payout ratio is presently 31.16%.
Several analysts have recently commented on FL shares. Morgan Stanley upgraded shares of 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 research report on Tuesday, August 8th. Zacks Investment Research upgraded shares of Foot Locker from a “sell” rating to a “hold” rating in a research report on Thursday, August 10th. BidaskClub upgraded shares of Foot Locker from a “sell” rating to a “hold” rating in a research report on Friday, August 11th. FBR & Co restated a “neutral” rating and set a $58.00 price objective on shares of Foot Locker in a research report on Tuesday, August 15th. Finally, Oppenheimer restated a “hold” rating on shares of Foot Locker in a research report on Tuesday, August 15th. Two investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and eleven have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $53.26.
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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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