SG Americas Securities LLC decreased its stake in Foot Locker, Inc. (NYSE:FL) by 9.0% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 33,135 shares of the athletic footwear retailer’s stock after selling 3,284 shares during the quarter. SG Americas Securities LLC’s holdings in Foot Locker were worth $1,745,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. Stock Yards Bank & Trust Co. increased its stake in shares of Foot Locker by 2.5% during the 2nd quarter. Stock Yards Bank & Trust Co. now owns 42,606 shares of the athletic footwear retailer’s stock worth $2,243,000 after purchasing an additional 1,027 shares during the last quarter. NewFocus Financial Group LLC increased its stake in shares of Foot Locker by 4.6% during the 2nd quarter. NewFocus Financial Group LLC now owns 34,755 shares of the athletic footwear retailer’s stock worth $1,830,000 after purchasing an additional 1,516 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of Foot Locker by 21.2% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 10,932 shares of the athletic footwear retailer’s stock worth $576,000 after purchasing an additional 1,912 shares during the last quarter. Rampart Investment Management Company LLC increased its stake in shares of Foot Locker by 119.0% during the 1st quarter. Rampart Investment Management Company LLC now owns 3,626 shares of the athletic footwear retailer’s stock worth $165,000 after purchasing an additional 1,970 shares during the last quarter. Finally, Signaturefd LLC acquired a new position in shares of Foot Locker during the 1st quarter worth $103,000. Institutional investors own 95.70% of the company’s stock.

NYSE:FL opened at $48.79 on Friday. Foot Locker, Inc. has a 1 year low of $28.42 and a 1 year high of $59.40. The company has a current ratio of 3.50, a quick ratio of 1.76 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $5.64 billion, a P/E ratio of 11.14, a PEG ratio of 1.64 and a beta of 0.91.

Foot Locker (NYSE:FL) last posted its earnings results on Friday, August 24th. The athletic footwear retailer reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.05. Foot Locker had a net margin of 3.88% and a return on equity of 20.67%. The business had revenue of $1.78 billion for the quarter, compared to analyst estimates of $1.76 billion. During the same period last year, the business posted $0.62 EPS. Foot Locker’s revenue was up 4.8% compared to the same quarter last year. research analysts forecast that Foot Locker, Inc. will post 4.46 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, November 2nd. Shareholders of record on Friday, October 19th will be issued a $0.345 dividend. This represents a $1.38 dividend on an annualized basis and a yield of 2.83%. The ex-dividend date is Thursday, October 18th. Foot Locker’s dividend payout ratio (DPR) is presently 33.58%.

FL has been the topic of several analyst reports. Zacks Investment Research lowered shares of Foot Locker from a “hold” rating to a “sell” rating in a research note on Monday, May 7th. OTR Global lowered shares of Foot Locker to a “positive” rating in a research note on Friday, May 11th. Pivotal Research restated a “buy” rating and set a $57.00 price target on shares of Foot Locker in a research note on Tuesday, May 22nd. Canaccord Genuity restated a “buy” rating and set a $66.00 price target on shares of Foot Locker in a research note on Tuesday, May 22nd. Finally, Jefferies Financial Group increased their price target on shares of Foot Locker to $65.00 and gave the stock a “buy” rating in a research note on Friday, May 25th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and fifteen have given a buy rating to the company. Foot Locker currently has a consensus rating of “Buy” and an average price target of $56.00.

Foot Locker Profile

Foot Locker, Inc, through its subsidiaries, operates as an athletic shoes and apparel retailer. The company operates in two segments, Athletic Stores and Direct-to-Customers. The Athletic Stores segment retails athletic footwear, apparel, accessories, and equipment under various formats, including Foot Locker, Kids Foot Locker, Lady Foot Locker, Champs Sports, Footaction, Runners Point, Sidestep, and SIX:02.

Recommended Story: How to Use a Moving Average for TradingĀ 

Want to see what other hedge funds are holding FL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Foot Locker, Inc. (NYSE:FL).

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

Receive News & Ratings for Foot Locker Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Foot Locker and related companies with MarketBeat.com's FREE daily email newsletter.