State of Wisconsin Investment Board raised its stake in shares of Foot Locker, Inc. (NYSE:FL) by 29.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 115,208 shares of the athletic footwear retailer’s stock after buying an additional 25,890 shares during the period. State of Wisconsin Investment Board owned about 0.09% of Foot Locker worth $5,677,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. JPMorgan Chase & Co. raised its stake in Foot Locker by 130.0% in the first quarter. JPMorgan Chase & Co. now owns 698,340 shares of the athletic footwear retailer’s stock worth $52,244,000 after buying an additional 394,688 shares during the period. Todd Asset Management LLC raised its stake in Foot Locker by 34.3% in the first quarter. Todd Asset Management LLC now owns 582,371 shares of the athletic footwear retailer’s stock worth $43,567,000 after buying an additional 148,889 shares during the period. Omega Advisors Inc. purchased a new stake in Foot Locker during the first quarter worth $11,222,000. Russell Investments Group Ltd. raised its stake in Foot Locker by 6.6% in the first quarter. Russell Investments Group Ltd. now owns 138,739 shares of the athletic footwear retailer’s stock worth $10,382,000 after buying an additional 8,617 shares during the period. Finally, BlackRock Inc. raised its stake in 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 during the period. 91.32% of the stock is currently owned by institutional investors.

Shares of Foot Locker, Inc. (NYSE:FL) opened at 35.24 on Thursday. The stock has a market cap of $4.65 billion, a PE ratio of 8.14 and a beta of 0.68. The firm’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.

Foot Locker (NYSE:FL) last issued 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 business 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 firm’s revenue for the quarter was down 4.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.94 earnings per share. On average, equities analysts predict that Foot Locker, Inc. will post $3.96 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 27th. Investors of record on Friday, October 13th will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.52%. The ex-dividend date of this dividend is Thursday, October 12th. Foot Locker’s payout ratio is 28.57%.

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FL has been the topic of a number of analyst reports. BidaskClub lowered shares of Foot Locker from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 25th. TheStreet lowered shares of Foot Locker from a “b-” rating to a “c+” rating in a report on Friday, June 30th. Jefferies Group LLC set a $80.00 target price on shares of Foot Locker and gave the stock a “buy” rating in a report on Tuesday, June 20th. Oppenheimer Holdings, Inc. initiated coverage on shares of Foot Locker in a report on Friday, July 7th. They set a “market perform” rating on the stock. Finally, Deutsche Bank AG set a $72.00 target price on shares of Foot Locker and gave the stock a “buy” rating in a report on Monday, July 17th. Three investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twelve have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $65.81.

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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