JPMorgan Chase & Co. lifted its stake in shares of Foot Locker, Inc. (NYSE:FL) by 35.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 945,918 shares of the athletic footwear retailer’s stock after acquiring an additional 247,578 shares during the period. JPMorgan Chase & Co. owned 0.72% of Foot Locker worth $46,615,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. YorkBridge Wealth Partners LLC boosted its stake in shares of Foot Locker by 18.6% during the first quarter. YorkBridge Wealth Partners LLC now owns 1,360 shares of the athletic footwear retailer’s stock valued at $104,000 after acquiring an additional 213 shares during the last quarter. Acrospire Investment Management LLC boosted its stake in shares of Foot Locker by 50.0% during the first quarter. Acrospire Investment Management LLC now owns 1,500 shares of the athletic footwear retailer’s stock valued at $112,000 after acquiring an additional 500 shares during the last quarter. Penserra Capital Management LLC lifted its position in Foot Locker by 13.0% during the second quarter. Penserra Capital Management LLC now owns 3,016 shares of the athletic footwear retailer’s stock worth $148,000 after buying an additional 348 shares during the period. Van ECK Associates Corp lifted its position in Foot Locker by 5.6% during the first quarter. Van ECK Associates Corp now owns 2,047 shares of the athletic footwear retailer’s stock worth $153,000 after buying an additional 109 shares during the period. Finally, Pacer Advisors Inc. lifted its position in Foot Locker by 49.6% during the second quarter. Pacer Advisors Inc. now owns 3,935 shares of the athletic footwear retailer’s stock worth $194,000 after buying an additional 1,305 shares during the period. 91.36% of the stock is currently owned by institutional investors and hedge funds.

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Several equities analysts recently weighed in on the company. B. Riley reiterated a “buy” rating and set a $79.00 target price on shares of Foot Locker in a research report on Wednesday, May 17th. Jefferies Group LLC set a $80.00 target price on Foot Locker and gave the stock a “buy” rating in a research report on Saturday, May 20th. Piper Jaffray Companies set a $60.00 target price on Foot Locker and gave the stock a “hold” rating in a research report on Saturday, May 20th. Canaccord Genuity set a $75.00 target price on Foot Locker and gave the stock a “buy” rating in a research report on Saturday, May 20th. Finally, Robert W. Baird downgraded Foot Locker from an “outperform” rating to a “neutral” rating in a research report on Monday, August 21st. 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. Foot Locker currently has an average rating of “Hold” and a consensus price target of $65.81.

Shares of Foot Locker, Inc. (FL) opened at 36.10 on Thursday. The firm’s 50-day moving average price is $41.79 and its 200 day moving average price is $59.11. Foot Locker, Inc. has a 52 week low of $31.56 and a 52 week high of $79.43. The company has a market cap of $4.77 billion, a P/E ratio of 8.34 and a beta of 0.73.

Foot Locker (NYSE:FL) last released its quarterly earnings results 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 business had revenue of $1.70 billion for the quarter, compared to the consensus estimate 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 was down 4.4% on a year-over-year basis. During the same quarter last year, the company earned $0.94 earnings per share. On average, equities analysts predict that Foot Locker, Inc. will post $3.97 EPS for the current fiscal year.

The firm also recently declared 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. The ex-dividend date is Thursday, October 12th. This represents a $1.24 dividend on an annualized basis and a yield of 3.43%. Foot Locker’s dividend payout ratio (DPR) is presently 28.57%.

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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