BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lowered its stake in Foot Locker, Inc. (NYSE:FL) by 43.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 92,617 shares of the athletic footwear retailer’s stock after selling 71,321 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned approximately 0.07% of Foot Locker worth $3,262,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. D.A. Davidson & CO. increased its stake in shares of Foot Locker by 50.3% in the second quarter. D.A. Davidson & CO. now owns 2,133 shares of the athletic footwear retailer’s stock worth $105,000 after purchasing an additional 714 shares during the period. Penserra Capital Management LLC increased its stake in shares of Foot Locker by 13.0% in the second quarter. Penserra Capital Management LLC now owns 3,016 shares of the athletic footwear retailer’s stock worth $148,000 after purchasing an additional 348 shares during the period. Smithfield Trust Co. increased its stake in shares of Foot Locker by 276.2% in the third quarter. Smithfield Trust Co. now owns 3,198 shares of the athletic footwear retailer’s stock worth $113,000 after purchasing an additional 2,348 shares during the period. Assetmark Inc. increased its stake in shares of Foot Locker by 205.0% in the third quarter. Assetmark Inc. now owns 3,834 shares of the athletic footwear retailer’s stock worth $135,000 after purchasing an additional 2,577 shares during the period. Finally, Pacer Advisors Inc. increased its stake in shares of Foot Locker by 49.6% in the second quarter. Pacer Advisors Inc. now owns 3,935 shares of the athletic footwear retailer’s stock worth $194,000 after purchasing an additional 1,305 shares during the period. 88.08% of the stock is owned by institutional investors.

A number of equities analysts have recently commented on FL shares. Morgan Stanley reiterated an “overweight” rating and issued a $50.00 price objective (down from $65.00) on shares of Foot Locker in a research note on Tuesday, August 29th. Zacks Investment Research upgraded Foot Locker from a “sell” rating to a “hold” rating in a research note on Monday, October 23rd. Cowen set a $37.00 price target on Foot Locker and gave the company a “hold” rating in a research note on Monday, October 23rd. Robert W. Baird restated a “hold” rating and set a $37.00 price target on shares of Foot Locker in a research note on Sunday, October 29th. Finally, Deutsche Bank upgraded Foot Locker from a “hold” rating to a “buy” rating and boosted their price target for the company from $38.00 to $45.00 in a research note on Friday, November 17th. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twelve have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $53.23.

Foot Locker, Inc. (FL) opened at $45.65 on Friday. The company has a market capitalization of $5,373.02, a P/E ratio of 10.51, a PEG ratio of 2.17 and a beta of 0.84. The company has a quick ratio of 2.09, a current ratio of 4.41 and a debt-to-equity ratio of 0.05. Foot Locker, Inc. has a 1-year low of $28.42 and a 1-year high of $77.86.

Foot Locker (NYSE:FL) last announced its earnings results on Friday, November 17th. The athletic footwear retailer reported $0.87 EPS for the quarter, topping the consensus estimate of $0.80 by $0.07. The business had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.82 billion. Foot Locker had a return on equity of 19.96% and a net margin of 6.79%. Foot Locker’s revenue was down .8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.13 EPS. research analysts anticipate that Foot Locker, Inc. will post 4.08 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 2nd. Stockholders of record on Friday, January 19th will be issued a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 2.72%. The ex-dividend date is Thursday, January 18th. Foot Locker’s payout ratio is currently 31.16%.

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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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