Foot Locker, Inc. (FL) Position Increased by Boston Partners
Boston Partners boosted its stake in shares of Foot Locker, Inc. (NYSE:FL) by 112.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 66,173 shares of the athletic footwear retailer’s stock after buying an additional 34,973 shares during the period. Boston Partners owned about 0.05% of Foot Locker worth $3,261,000 as of its most recent filing with the SEC.
Other large investors have also recently modified their holdings of the company. BlackRock Inc. increased its stake in shares of 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 valued at $685,553,000 after buying an additional 8,763,641 shares in the last quarter. Morgan Stanley increased its stake in shares of Foot Locker by 151.3% in the first quarter. Morgan Stanley now owns 1,439,075 shares of the athletic footwear retailer’s stock valued at $107,656,000 after buying an additional 866,525 shares in the last quarter. Wedge Capital Management L L P NC increased its stake in shares of Foot Locker by 7,355.2% in the first quarter. Wedge Capital Management L L P NC now owns 765,421 shares of the athletic footwear retailer’s stock valued at $57,261,000 after buying an additional 755,154 shares in the last quarter. Canada Pension Plan Investment Board increased its stake in shares of 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 valued at $89,651,000 after buying an additional 718,800 shares in the last quarter. Finally, APG Asset Management N.V. increased its stake in shares of Foot Locker by 23.4% in the second quarter. APG Asset Management N.V. now owns 2,497,431 shares of the athletic footwear retailer’s stock valued at $123,073,000 after buying an additional 473,289 shares in the last quarter. Institutional investors own 93.49% of the company’s stock.
Shares of Foot Locker, Inc. (NYSE:FL) opened at 31.82 on Tuesday. Foot Locker, Inc. has a 52 week low of $31.72 and a 52 week high of $79.43. The company has a market capitalization of $4.20 billion, a PE ratio of 7.35 and a beta of 0.68. The stock has a 50 day moving average price of $47.42 and a 200-day moving average price of $62.92.
Foot Locker (NYSE:FL) last posted its quarterly earnings data on Friday, August 18th. The athletic footwear retailer reported $0.62 EPS 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 analyst estimates of $1.80 billion. Foot Locker had a return on equity of 21.52% and a net margin of 7.49%. Foot Locker’s revenue was down 4.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.94 earnings per share. Equities research analysts expect that Foot Locker, Inc. will post $4.57 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 27th. Investors of record on Friday, October 13th will be paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.90%. The ex-dividend date of this dividend is Thursday, October 12th. Foot Locker’s dividend payout ratio is currently 28.57%.
ILLEGAL ACTIVITY NOTICE: “Foot Locker, Inc. (FL) Position Increased by Boston Partners” was first published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this piece of content on another site, it was copied illegally and reposted in violation of US and international copyright and trademark law. The original version of this piece of content can be viewed at https://www.thecerbatgem.com/2017/08/22/foot-locker-inc-fl-position-increased-by-boston-partners.html.
Several research analysts recently issued reports on FL shares. BidaskClub downgraded shares of Foot Locker from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 25th. TheStreet downgraded shares of Foot Locker from a “b-” rating to a “c+” rating in a research report on Friday, June 30th. Jefferies Group LLC set a $80.00 price target on shares of Foot Locker and gave the stock a “buy” rating in a research report on Tuesday, June 20th. Oppenheimer Holdings, Inc. started coverage on shares of Foot Locker in a research report on Friday, July 7th. They set a “market perform” rating on the stock. Finally, Deutsche Bank AG set a $72.00 price target on shares of Foot Locker and gave the stock a “buy” rating in a research report on Monday, July 17th. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating and twelve have issued a buy rating to the company’s stock. Foot Locker presently has an average rating of “Hold” and a consensus price target of $68.09.
In related news, Director Jarobin Gilbert, Jr. sold 5,600 shares of Foot Locker stock in a transaction that occurred on Wednesday, May 24th. The stock was sold at an average price of $59.40, for a total value of $332,640.00. Following the transaction, the director now directly owns 8,964 shares of the company’s stock, valued at $532,461.60. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.73% of the stock is owned by insiders.
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.
Want to see what other hedge funds are holding FL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Foot Locker, Inc. (NYSE:FL).
Receive News & Stock Ratings for Foot Locker Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Foot Locker Inc. and related stocks with our FREE daily email newsletter.