Sheaff Brock Investment Advisors LLC lifted its holdings in Foot Locker, Inc. (NYSE:FL) by 63.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,784 shares of the athletic footwear retailer’s stock after acquiring an additional 10,812 shares during the quarter. Sheaff Brock Investment Advisors LLC’s holdings in Foot Locker were worth $1,369,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Alps Advisors Inc. lifted its holdings in Foot Locker by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 6,312 shares of the athletic footwear retailer’s stock worth $311,000 after buying an additional 17 shares in the last quarter. Somerset Trust Co lifted its holdings in Foot Locker by 0.7% during the 2nd quarter. Somerset Trust Co now owns 6,100 shares of the athletic footwear retailer’s stock worth $300,000 after buying an additional 41 shares in the last quarter. Honkamp Krueger Financial Services Inc. lifted its holdings in Foot Locker by 0.4% during the 2nd quarter. Honkamp Krueger Financial Services Inc. now owns 14,090 shares of the athletic footwear retailer’s stock worth $694,000 after buying an additional 61 shares in the last quarter. Commerce Bank lifted its holdings in Foot Locker by 1.3% during the 1st quarter. Commerce Bank now owns 6,200 shares of the athletic footwear retailer’s stock worth $464,000 after buying an additional 77 shares in the last quarter. Finally, Pacer Advisors Inc. lifted its holdings in Foot Locker by 3.5% during the 1st quarter. Pacer Advisors Inc. now owns 2,630 shares of the athletic footwear retailer’s stock worth $197,000 after buying an additional 88 shares in the last quarter. 91.36% of the stock is currently owned by institutional investors and hedge funds.

Several research firms have issued reports on FL. B. Riley reaffirmed a “buy” rating and set a $68.00 price objective on shares of Foot Locker in a report on Monday, May 22nd. Barclays PLC reduced their price objective on Foot Locker from $85.00 to $80.00 and set an “overweight” rating on the stock in a report on Monday, May 22nd. Citigroup Inc. reduced their price objective on Foot Locker from $92.00 to $81.00 and set a “buy” rating on the stock in a report on Monday, May 22nd. Cowen and Company reduced their price objective on Foot Locker from $77.00 to $64.00 and set a “market perform” rating on the stock 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. Three analysts have rated the stock with a sell rating, fourteen have given a hold rating and twelve have given a buy rating to the stock. Foot Locker has a consensus rating of “Hold” and an average price target of $65.81.

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Foot Locker, Inc. (NYSE FL) opened at 36.70 on Thursday. Foot Locker, Inc. has a 52 week low of $31.56 and a 52 week high of $79.43. The company has a 50-day moving average of $43.11 and a 200-day moving average of $60.15. The firm has a market capitalization of $4.84 billion, a price-to-earnings ratio of 8.48 and a beta of 0.73.

Foot Locker (NYSE:FL) last posted its quarterly earnings results on Friday, August 18th. The athletic footwear retailer reported $0.62 earnings per share for the quarter, missing the consensus estimate of $0.90 by $0.28. Foot Locker had a net margin of 7.49% and a return on equity of 21.52%. The company had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.80 billion. During the same period last year, the firm posted $0.94 earnings per share. The company’s revenue for the quarter was down 4.4% on a year-over-year basis. On average, equities analysts forecast that Foot Locker, Inc. will post $3.97 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, October 27th. Shareholders of record on Friday, October 13th will be paid a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 3.38%. The ex-dividend date is Thursday, October 12th. Foot Locker’s dividend payout ratio (DPR) is currently 28.57%.

Foot Locker 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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