New Amsterdam Partners LLC NY reduced its holdings in Foot Locker, Inc. (NYSE:FL) by 8.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 51,826 shares of the athletic footwear retailer’s stock after selling 4,806 shares during the quarter. New Amsterdam Partners LLC NY’s holdings in Foot Locker were worth $2,642,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. Vestpro Financial Partners Inc. dba CPF Texas increased its stake in Foot Locker by 21.7% during the second quarter. Vestpro Financial Partners Inc. dba CPF Texas now owns 12,996 shares of the athletic footwear retailer’s stock worth $684,000 after acquiring an additional 2,321 shares during the last quarter. Zacks Investment Management increased its stake in Foot Locker by 5.4% during the second quarter. Zacks Investment Management now owns 28,220 shares of the athletic footwear retailer’s stock worth $1,486,000 after acquiring an additional 1,440 shares during the last quarter. Public Employees Retirement System of Ohio increased its stake in Foot Locker by 21.0% during the second quarter. Public Employees Retirement System of Ohio now owns 57,352 shares of the athletic footwear retailer’s stock worth $3,020,000 after acquiring an additional 9,963 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Foot Locker by 26.6% during the second quarter. Dimensional Fund Advisors LP now owns 2,157,573 shares of the athletic footwear retailer’s stock worth $113,606,000 after acquiring an additional 453,209 shares during the last quarter. Finally, Polianta Ltd increased its stake in Foot Locker by 14.7% during the third quarter. Polianta Ltd now owns 23,800 shares of the athletic footwear retailer’s stock worth $1,213,000 after acquiring an additional 3,050 shares during the last quarter. Hedge funds and other institutional investors own 97.84% of the company’s stock.
Several brokerages have commented on FL. Jefferies Financial Group set a $60.00 price target on Foot Locker and gave the stock a “buy” rating in a research note on Thursday, September 27th. Canaccord Genuity set a $63.00 price target on Foot Locker and gave the stock a “buy” rating in a research note on Monday, September 24th. Wells Fargo & Co upgraded Foot Locker from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $50.00 to $58.00 in a research note on Monday, September 10th. B. Riley dropped their price target on Foot Locker from $52.00 to $50.00 and set a “neutral” rating for the company in a research note on Tuesday, August 28th. Finally, TheStreet lowered Foot Locker from a “b-” rating to a “c” rating in a research note on Friday, August 24th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and sixteen have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $56.13.
Shares of NYSE FL opened at $50.41 on Thursday. Foot Locker, Inc. has a 1-year low of $28.42 and a 1-year high of $59.40. The company has a quick ratio of 1.76, a current ratio of 3.50 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $5.83 billion, a PE ratio of 12.27, a P/E/G ratio of 1.77 and a beta of 0.84.
Foot Locker (NYSE:FL) last issued its earnings results on Friday, August 24th. The athletic footwear retailer reported $0.75 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.70 by $0.05. Foot Locker had a return on equity of 20.67% and a net margin of 3.88%. The company had revenue of $1.78 billion during the quarter, compared to the consensus estimate of $1.76 billion. During the same quarter in the prior year, the business earned $0.62 earnings per share. The company’s revenue was up 4.8% compared to the same quarter last year. On average, research analysts anticipate that Foot Locker, Inc. will post 4.46 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, November 2nd. Investors of record on Friday, October 19th were issued a $0.345 dividend. This represents a $1.38 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date of this dividend was Thursday, October 18th. Foot Locker’s dividend payout ratio is currently 33.58%.
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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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