Barings LLC continued to hold its position in shares of Foot Locker, Inc. (NYSE:FL) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,300 shares of the athletic footwear retailer’s stock at the end of the 2nd quarter. Barings LLC’s holdings in Foot Locker were worth $1,743,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FL. BlackRock Inc. boosted its holdings in shares of Foot Locker by 2,189.3% in the 1st quarter. BlackRock Inc. now owns 9,163,944 shares of the athletic footwear retailer’s stock worth $685,553,000 after buying an additional 8,763,641 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Foot Locker by 1,744.5% in the 2nd quarter. Renaissance Technologies LLC now owns 1,372,300 shares of the athletic footwear retailer’s stock worth $67,627,000 after buying an additional 1,297,900 shares during the last quarter. Morgan Stanley boosted its holdings in shares of Foot Locker by 151.3% in the 1st quarter. Morgan Stanley now owns 1,439,075 shares of the athletic footwear retailer’s stock worth $107,656,000 after buying an additional 866,525 shares during the last quarter. Canada Pension Plan Investment Board boosted its holdings in shares of Foot Locker by 65.3% in the 2nd quarter. Canada Pension Plan Investment Board now owns 1,819,210 shares of the athletic footwear retailer’s stock worth $89,651,000 after buying an additional 718,800 shares during the last quarter. Finally, Marshall Wace North America L.P. boosted its holdings in shares of Foot Locker by 6,648.7% in the 2nd quarter. Marshall Wace North America L.P. now owns 729,398 shares of the athletic footwear retailer’s stock worth $35,741,000 after buying an additional 718,590 shares during the last quarter. Hedge funds and other institutional investors own 96.76% of the company’s stock.

Shares of Foot Locker, Inc. (NYSE FL) traded down 0.96% during midday trading on Monday, hitting $34.08. 113,843 shares of the stock were exchanged. Foot Locker, Inc. has a 52-week low of $31.56 and a 52-week high of $79.43. The firm’s 50 day moving average price is $35.09 and its 200-day moving average price is $54.07. The stock has a market cap of $4.23 billion, a P/E ratio of 7.88 and a beta of 0.72.

Foot Locker (NYSE:FL) last posted its quarterly earnings data on Friday, August 18th. The athletic footwear retailer reported $0.62 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.90 by ($0.28). Foot Locker had a net margin of 7.49% and a return on equity of 21.52%. The company had revenue of $1.70 billion for the quarter, compared to analysts’ expectations of $1.80 billion. During the same period in the previous year, the firm earned $0.94 earnings per share. The firm’s quarterly revenue was down 4.4% on a year-over-year basis. On average, equities research analysts expect that Foot Locker, Inc. will post $3.97 earnings per share 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 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 dividend yield of 3.60%. Foot Locker’s payout ratio is currently 28.57%.

A number of brokerages recently weighed in on FL. ValuEngine raised shares of Foot Locker from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Cowen and Company reissued a “hold” rating and issued a $37.00 price target on shares of Foot Locker in a report on Thursday, September 21st. Zacks Investment Research downgraded shares of Foot Locker from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 30th. Morgan Stanley reissued an “overweight” rating and issued a $50.00 price target (down from $65.00) on shares of Foot Locker in a report on Tuesday, August 29th. Finally, BidaskClub downgraded shares of Foot Locker from a “hold” rating to a “sell” rating in a report on Wednesday, August 23rd. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and thirteen have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $64.38.

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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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Institutional Ownership by Quarter for Foot Locker (NYSE:FL)

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