Flinton Capital Management LLC Purchases 28,176 Shares of Foot Locker, Inc. (FL)
Flinton Capital Management LLC lifted its position in Foot Locker, Inc. (NYSE:FL) by 89.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,504 shares of the athletic footwear retailer’s stock after acquiring an additional 28,176 shares during the quarter. Flinton Capital Management LLC’s holdings in Foot Locker were worth $2,932,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. Tobam raised its holdings in shares of Foot Locker by 47.1% in the second quarter. Tobam now owns 428,449 shares of the athletic footwear retailer’s stock valued at $21,114,000 after acquiring an additional 137,206 shares in the last quarter. Omega Advisors Inc. bought a new stake in shares of Foot Locker in the first quarter valued at about $11,222,000. Bridgewater Associates LP raised its holdings in shares of Foot Locker by 158.1% in the second quarter. Bridgewater Associates LP now owns 228,939 shares of the athletic footwear retailer’s stock valued at $11,282,000 after acquiring an additional 140,253 shares in the last quarter. BlackRock Inc. raised its holdings in shares of Foot Locker by 2,189.3% in the first quarter. BlackRock Inc. now owns 9,163,944 shares of the athletic footwear retailer’s stock valued at $685,553,000 after acquiring an additional 8,763,641 shares in the last quarter. Finally, Deltec Asset Management LLC bought a new stake in shares of Foot Locker in the second quarter valued at about $2,710,000. Hedge funds and other institutional investors own 96.77% of the company’s stock.
Several analysts recently weighed in on the company. Argus downgraded Foot Locker from a “buy” rating to a “hold” rating and set a $54.85 price objective for the company. in a report on Tuesday, June 13th. Standpoint Research assumed coverage on Foot Locker in a report on Monday, June 12th. They issued a “buy” rating and a $66.00 price objective for the company. ValuEngine downgraded Foot Locker from a “buy” rating to a “hold” rating in a report on Saturday, June 10th. Susquehanna Bancshares Inc reiterated a “positive” rating on shares of Foot Locker in a research note on Sunday, June 18th. Finally, BidaskClub upgraded Foot Locker from a “strong sell” rating to a “sell” rating in a research note on Wednesday, July 5th. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and thirteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $64.38.
Shares of Foot Locker, Inc. (NYSE FL) traded up 0.86% during midday trading on Thursday, hitting $34.14. The stock had a trading volume of 385,945 shares. The firm has a 50 day moving average price of $35.87 and a 200 day moving average price of $54.50. The stock has a market cap of $4.23 billion, a PE ratio of 7.89 and a beta of 0.72. Foot Locker, Inc. has a one year low of $31.56 and a one year high of $79.43.
Foot Locker (NYSE:FL) last issued its 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 return on equity of 21.52% and a net margin of 7.49%. The business had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.80 billion. During the same period last year, the business posted $0.94 EPS. Foot Locker’s revenue 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 firm also recently announced a quarterly dividend, which will be paid on Friday, October 27th. Stockholders of record on Friday, October 13th will be given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 3.66%. The ex-dividend date of this dividend is Thursday, October 12th. Foot Locker’s dividend payout ratio (DPR) is presently 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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