8,558 Shares in Foot Locker, Inc. (FL) Acquired by QCM Cayman Ltd.
QCM Cayman Ltd. acquired a new position in shares of Foot Locker, Inc. (NYSE:FL) in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 8,558 shares of the athletic footwear retailer’s stock, valued at approximately $422,000. Foot Locker makes up about 1.0% of QCM Cayman Ltd.’s portfolio, making the stock its 28th biggest holding.
Several other large investors have also added to or reduced their stakes in the company. D.A. Davidson & CO. lifted its holdings in shares of Foot Locker by 50.3% in the 2nd quarter. D.A. Davidson & CO. now owns 2,133 shares of the athletic footwear retailer’s stock valued at $105,000 after purchasing an additional 714 shares during the last quarter. Penserra Capital Management LLC lifted its holdings in shares of 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 purchasing an additional 348 shares during the last quarter. Van ECK Associates Corp lifted its holdings in shares of Foot Locker by 5.6% in the 1st 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 during the last quarter. Pacer Advisors Inc. lifted its holdings in shares of Foot Locker by 49.6% in the 2nd 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 during the last quarter. Finally, Ffcm LLC lifted its holdings in shares of Foot Locker by 9.3% in the 2nd quarter. Ffcm LLC now owns 4,072 shares of the athletic footwear retailer’s stock valued at $201,000 after purchasing an additional 348 shares during the last quarter. 96.77% of the stock is owned by institutional investors and hedge funds.
Several analysts have recently weighed in on FL shares. Cowen and Company reissued a “market perform” rating and issued a $62.00 target price (down from $64.00) on shares of Foot Locker in a report on Monday, June 5th. ValuEngine downgraded Foot Locker from a “buy” rating to a “hold” rating in a report on Saturday, June 10th. Standpoint Research started coverage on Foot Locker in a report on Monday, June 12th. They issued a “buy” rating and a $66.00 target price for the company. Argus downgraded Foot Locker from a “buy” rating to a “hold” rating and set a $54.85 target price for the company. in a report on Tuesday, June 13th. Finally, Susquehanna Bancshares Inc reissued a “positive” rating on shares of Foot Locker in a report on Sunday, June 18th. Three investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twelve have issued a buy rating to the company’s stock. Foot Locker currently has a consensus rating of “Hold” and a consensus target price of $65.21.
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Foot Locker, Inc. (NYSE:FL) traded up 1.03% during midday trading on Friday, hitting $35.22. The company had a trading volume of 2,788,972 shares. The stock has a market cap of $4.37 billion, a price-to-earnings ratio of 8.14 and a beta of 0.73. Foot Locker, Inc. has a 12-month low of $31.56 and a 12-month high of $79.43. The company’s 50 day moving average is $40.33 and its 200 day moving average is $57.66.
Foot Locker (NYSE:FL) last announced its earnings results on Friday, August 18th. The athletic footwear retailer reported $0.62 EPS for the quarter, missing the Thomson Reuters’ 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 firm had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.80 billion. During the same period in the previous year, the firm earned $0.94 EPS. Foot Locker’s revenue for the quarter was down 4.4% on a year-over-year basis. On average, equities analysts anticipate that Foot Locker, Inc. will post $3.97 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 27th. Investors of record on Friday, October 13th will be issued a dividend of $0.31 per share. The ex-dividend date of this dividend is Thursday, October 12th. This represents a $1.24 annualized dividend and a yield of 3.52%. Foot Locker’s payout ratio is 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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