Foot Locker, Inc. (FL) Shares Bought by Renaissance Group LLC
Renaissance Group LLC increased its position in shares of Foot Locker, Inc. (NYSE:FL) by 0.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 461,820 shares of the athletic footwear retailer’s stock after buying an additional 3,604 shares during the period. Renaissance Group LLC owned approximately 0.35% of Foot Locker worth $22,758,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Tobam increased its position in shares of Foot Locker by 47.1% in the second quarter. Tobam now owns 428,449 shares of the athletic footwear retailer’s stock valued at $21,114,000 after buying an additional 137,206 shares during the period. Pacer Advisors Inc. increased its position in shares of Foot Locker by 49.6% in the second quarter. Pacer Advisors Inc. now owns 3,935 shares of the athletic footwear retailer’s stock valued at $194,000 after buying an additional 1,305 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in shares of Foot Locker by 19.6% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 33,767 shares of the athletic footwear retailer’s stock valued at $1,664,000 after buying an additional 5,532 shares during the period. Airain ltd acquired a new position in shares of Foot Locker during the second quarter valued at $3,597,000. Finally, Robeco Institutional Asset Management B.V. increased its position in shares of Foot Locker by 48.2% in the second quarter. Robeco Institutional Asset Management B.V. now owns 77,892 shares of the athletic footwear retailer’s stock valued at $3,835,000 after buying an additional 25,325 shares during the period. 91.32% of the stock is currently owned by hedge funds and other institutional investors.
Foot Locker, Inc. (FL) opened at 35.76 on Monday. The stock’s 50 day moving average is $45.77 and its 200 day moving average is $62.02. Foot Locker, Inc. has a 12 month low of $31.56 and a 12 month high of $79.43. The company has a market cap of $4.72 billion, a PE ratio of 8.26 and a beta of 0.68.
Foot Locker (NYSE:FL) last announced its quarterly earnings data on Friday, August 18th. The athletic footwear retailer reported $0.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.90 by $0.28. The firm had revenue of $1.70 billion for 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%. The company’s quarterly revenue was down 4.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.94 earnings per share. Equities analysts predict that Foot Locker, Inc. will post $3.96 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 27th. Shareholders of record on Friday, October 13th will be paid a dividend of $0.31 per share. The ex-dividend date is Thursday, October 12th. This represents a $1.24 dividend on an annualized basis and a yield of 3.46%. Foot Locker’s payout ratio is 28.57%.
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Several research analysts have weighed in on the company. B. Riley restated a “buy” rating and set a $68.00 price objective on shares of Foot Locker in a report on Monday, May 22nd. Barclays PLC dropped their price objective on Foot Locker from $85.00 to $80.00 and set an “overweight” rating for the company in a report on Monday, May 22nd. Citigroup Inc. dropped their price objective on Foot Locker from $92.00 to $81.00 and set a “buy” rating for the company in a report on Monday, May 22nd. Cowen and Company dropped their price objective on Foot Locker from $77.00 to $64.00 and set a “market perform” rating for the company in a report on Monday, May 22nd. Finally, Piper Jaffray Companies set a $60.00 price objective on Foot Locker and gave the stock a “hold” rating in a report on Saturday, May 20th. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twelve have given a buy rating to the company. Foot Locker presently has a consensus rating of “Hold” and a consensus target price of $66.41.
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.
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