Norinchukin Bank The Boosts Position in Foot Locker, Inc. (FL)
Norinchukin Bank The boosted its stake in Foot Locker, Inc. (NYSE:FL) by 273.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,094 shares of the athletic footwear retailer’s stock after acquiring an additional 23,493 shares during the quarter. Norinchukin Bank The’s holdings in Foot Locker were worth $1,582,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of FL. Penserra Capital Management LLC lifted its position in Foot Locker by 13.0% in the 2nd quarter. Penserra Capital Management LLC now owns 3,016 shares of the athletic footwear retailer’s stock valued at $148,000 after acquiring an additional 348 shares in the last quarter. Van ECK Associates Corp lifted its position in Foot Locker by 5.6% during the 1st 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 in the last quarter. Pacer Advisors Inc. lifted its position in Foot Locker by 49.6% during the 2nd 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 in the last quarter. Ffcm LLC lifted its position in Foot Locker by 9.3% during the 2nd quarter. Ffcm LLC now owns 4,072 shares of the athletic footwear retailer’s stock worth $201,000 after buying an additional 348 shares in the last quarter. Finally, Stratos Wealth Partners LTD. bought a new stake in Foot Locker during the 1st quarter worth about $204,000. 91.36% of the stock is currently owned by institutional investors and hedge funds.
FL has been the topic of several analyst reports. Bank of America Corporation cut shares of Foot Locker from a “neutral” rating to an “underperform” rating in a research report on Friday, August 18th. Morgan Stanley reissued an “overweight” rating and set a $50.00 price target (down from $65.00) on shares of Foot Locker in a research report on Tuesday, August 29th. Cowen and Company cut their price target on shares of Foot Locker from $77.00 to $64.00 and set a “market perform” rating on the stock in a research report on Monday, May 22nd. BidaskClub raised shares of Foot Locker from a “strong sell” rating to a “sell” rating in a research report on Monday, July 31st. Finally, UBS AG reissued a “neutral” rating on shares of Foot Locker in a research report on Monday, August 21st. Three research 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. The stock has an average rating of “Hold” and an average target price of $65.81.
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Shares of Foot Locker, Inc. (NYSE FL) opened at 36.93 on Friday. The company has a market cap of $4.87 billion, a P/E ratio of 8.53 and a beta of 0.73. The stock’s 50 day moving average is $40.95 and its 200-day moving average is $58.51. Foot Locker, Inc. has a one year low of $31.56 and a one year high of $79.43.
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). Foot Locker had a return on equity of 21.52% and a net margin of 7.49%. The company had revenue of $1.70 billion during the quarter, compared to analysts’ expectations of $1.80 billion. During the same period in the prior year, the firm earned $0.94 EPS. Foot Locker’s quarterly revenue was down 4.4% on a year-over-year basis. Equities research analysts forecast that Foot Locker, Inc. will post $3.97 earnings per share for the current 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. 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 3.36%. Foot Locker’s dividend payout ratio 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.
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