Northwestern Mutual Investment Management Company LLC Has $285,000 Position in Foot Locker, Inc. (FL)
Northwestern Mutual Investment Management Company LLC lessened its position in shares of Foot Locker, Inc. (NYSE:FL) by 80.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,194 shares of the athletic footwear retailer’s stock after selling 21,562 shares during the quarter. Northwestern Mutual Investment Management Company LLC’s holdings in Foot Locker were worth $285,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Penserra Capital Management LLC lifted its holdings 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 valued at $148,000 after purchasing an additional 348 shares in the last quarter. Van ECK Associates Corp lifted its holdings 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 valued at $153,000 after purchasing an additional 109 shares in the last quarter. Pacer Advisors Inc. lifted its holdings 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 valued at $194,000 after purchasing an additional 1,305 shares in the last quarter. Stratos Wealth Partners LTD. purchased a new position in Foot Locker during the first quarter valued at $204,000. Finally, Los Angeles Capital Management & Equity Research Inc. purchased a new position in Foot Locker during the first quarter valued at $235,000. Institutional investors own 96.77% of the company’s stock.
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Several research firms have issued reports on FL. Cowen and Company decreased their price objective on shares of Foot Locker from $77.00 to $64.00 and set a “market perform” rating on the stock in a report on Monday, May 22nd. B. Riley reaffirmed a “buy” rating and set a $68.00 price objective on shares of Foot Locker in a report on Sunday, May 28th. Barclays PLC decreased their price objective on shares of 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. decreased their price objective on shares of Foot Locker from $92.00 to $81.00 and set a “buy” rating on the stock in a report on Monday, May 22nd. Finally, Morgan Stanley raised shares of Foot Locker from an “equal weight” rating to an “overweight” rating and decreased their price objective for the company from $70.00 to $65.00 in a report on Tuesday, August 8th. Three equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and twelve have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $65.81.
Shares of Foot Locker, Inc. (NYSE:FL) opened at 36.26 on Tuesday. Foot Locker, Inc. has a 12 month low of $31.56 and a 12 month high of $79.43. The firm’s 50 day moving average is $40.67 and its 200-day moving average is $57.96. The firm has a market capitalization of $4.79 billion, a PE ratio of 8.38 and a beta of 0.73.
Foot Locker (NYSE:FL) last announced its quarterly earnings data on Friday, August 18th. The athletic footwear retailer reported $0.62 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.90 by ($0.28). The company had revenue of $1.70 billion for the quarter, compared to analysts’ expectations of $1.80 billion. Foot Locker had a return on equity of 21.52% and a net margin of 7.49%. The company’s revenue was down 4.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.94 earnings per share. On average, analysts expect that Foot Locker, Inc. will post $3.97 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 27th. Stockholders of record on Friday, October 13th will be issued a dividend of $0.31 per share. The ex-dividend date is Thursday, October 12th. This represents a $1.24 annualized dividend and a dividend yield of 3.42%. Foot Locker’s payout ratio 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.
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