Tobam increased its stake in Foot Locker, Inc. (NYSE:FL) by 47.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 428,449 shares of the athletic footwear retailer’s stock after buying an additional 137,206 shares during the period. Tobam owned 0.33% of Foot Locker worth $21,114,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in FL. Vanguard Group Inc. boosted its position in shares of Foot Locker by 2.0% in the first quarter. Vanguard Group Inc. now owns 12,986,214 shares of the athletic footwear retailer’s stock worth $971,499,000 after buying an additional 257,770 shares in the last quarter. BlackRock Inc. boosted its position 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 worth $685,553,000 after buying an additional 8,763,641 shares in the last quarter. State Street Corp boosted its position in shares of Foot Locker by 1.7% in the first quarter. State Street Corp now owns 6,167,116 shares of the athletic footwear retailer’s stock worth $461,353,000 after buying an additional 105,750 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Foot Locker by 1.5% in the first quarter. Bank of New York Mellon Corp now owns 2,936,340 shares of the athletic footwear retailer’s stock worth $219,668,000 after buying an additional 42,736 shares in the last quarter. Finally, APG Asset Management N.V. boosted its position 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 worth $123,073,000 after buying an additional 473,289 shares in the last quarter. 91.32% of the stock is owned by institutional investors.

Shares of Foot Locker, Inc. (FL) opened at 35.88 on Monday. Foot Locker, Inc. has a one year low of $31.56 and a one year high of $79.43. The stock has a market cap of $4.74 billion, a price-to-earnings ratio of 8.29 and a beta of 0.68. The company has a 50-day moving average price of $45.77 and a 200 day moving average price of $62.02.

Foot Locker (NYSE:FL) last issued its earnings results on Friday, August 18th. The athletic footwear retailer reported $0.62 earnings per share for the quarter, missing the Zacks’ consensus estimate 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%. Foot Locker’s quarterly revenue was down 4.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.94 earnings per share. Equities research analysts expect that Foot Locker, Inc. will post $3.96 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, October 27th. Investors of record on Friday, October 13th will be issued a dividend of $0.31 per share. The ex-dividend date of this dividend 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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A number of equities analysts recently issued reports on FL shares. Jefferies Group LLC set a $80.00 target price on Foot Locker and gave the stock a “buy” rating in a report on Saturday, May 20th. Canaccord Genuity set a $75.00 price objective on Foot Locker and gave the company a “buy” rating in a research note on Saturday, May 20th. B. Riley restated a “buy” rating and set a $79.00 price objective on shares of Foot Locker in a research note on Wednesday, May 17th. Citigroup Inc. dropped their price objective on Foot Locker from $92.00 to $81.00 and set a “buy” rating on the stock in a research note on Monday, May 22nd. Finally, Deutsche Bank AG dropped their price objective on Foot Locker from $88.00 to $74.00 and set a “buy” rating on the stock in a research note on Monday, May 22nd. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and twelve have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target 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.

Institutional Ownership by Quarter for Foot Locker (NYSE:FL)

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