Skandinaviska Enskilda Banken AB publ decreased its holdings in Foot Locker, Inc. (NYSE:FL) by 90.4% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 116,431 shares of the athletic footwear retailer’s stock after selling 1,092,600 shares during the quarter. Skandinaviska Enskilda Banken AB publ owned about 0.09% of Foot Locker worth $4,101,000 as of its most recent filing with the SEC.
A number of other large investors have also added to or reduced their stakes in the business. Dimensional Fund Advisors LP raised its position in Foot Locker by 36.8% in the third quarter. Dimensional Fund Advisors LP now owns 1,329,354 shares of the athletic footwear retailer’s stock worth $46,817,000 after acquiring an additional 357,669 shares in the last quarter. Boston Private Wealth LLC raised its position in Foot Locker by 177.8% in the third quarter. Boston Private Wealth LLC now owns 83,687 shares of the athletic footwear retailer’s stock worth $2,947,000 after acquiring an additional 53,557 shares in the last quarter. Schwab Charles Investment Management Inc. raised its position in Foot Locker by 6.7% in the third quarter. Schwab Charles Investment Management Inc. now owns 652,104 shares of the athletic footwear retailer’s stock worth $22,968,000 after acquiring an additional 40,973 shares in the last quarter. Commonwealth Bank of Australia raised its position in Foot Locker by 356.2% in the third quarter. Commonwealth Bank of Australia now owns 73,381 shares of the athletic footwear retailer’s stock worth $2,579,000 after acquiring an additional 57,296 shares in the last quarter. Finally, Ropes Wealth Advisors LLC purchased a new position in Foot Locker in the third quarter worth $516,000. Hedge funds and other institutional investors own 88.08% of the company’s stock.
Shares of Foot Locker, Inc. (NYSE:FL) opened at $45.76 on Tuesday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.08 and a current ratio of 4.39. Foot Locker, Inc. has a 52-week low of $28.42 and a 52-week high of $79.43. The company has a market capitalization of $5,670.00, a PE ratio of 10.26, a P/E/G ratio of 2.13 and a beta of 0.84.
Foot Locker (NYSE:FL) last issued its quarterly earnings results on Friday, November 17th. The athletic footwear retailer reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.07. Foot Locker had a return on equity of 19.96% and a net margin of 6.79%. The firm had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.82 billion. During the same period last year, the company earned $1.13 EPS. The firm’s quarterly revenue was down .8% on a year-over-year basis. analysts expect that Foot Locker, Inc. will post 4.06 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, February 2nd. Shareholders of record on Friday, January 19th will be paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 2.71%. The ex-dividend date of this dividend is Thursday, January 18th. Foot Locker’s payout ratio is 31.23%.
FL has been the subject of a number of research analyst reports. Cowen set a $40.00 price target on Foot Locker and gave the company a “hold” rating in a research report on Saturday, November 18th. Bank of America cut Foot Locker from a “neutral” rating to an “underperform” rating in a research report on Friday, August 18th. Zacks Investment Research upgraded Foot Locker from a “sell” rating to a “hold” rating in a research report on Monday, October 23rd. Morgan Stanley restated an “overweight” rating and issued a $50.00 price target (down previously from $65.00) on shares of Foot Locker in a research report on Tuesday, August 29th. Finally, Deutsche Bank upgraded Foot Locker from a “hold” rating to a “buy” rating and raised their price target for the company from $38.00 to $45.00 in a research report on Friday, November 17th. Two investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. Foot Locker currently has a consensus rating of “Hold” and a consensus target price of $53.26.
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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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