Ossiam Makes New $176,000 Investment in Foot Locker, Inc. (NYSE:FL)
Ossiam acquired a new position in Foot Locker, Inc. (NYSE:FL) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 4,196 shares of the athletic footwear retailer’s stock, valued at approximately $176,000.
Several other institutional investors have also recently modified their holdings of FL. Ruffer LLP increased its stake in shares of Foot Locker by 17,198.5% during the second quarter. Ruffer LLP now owns 1,891,076 shares of the athletic footwear retailer’s stock worth $79,283,000 after purchasing an additional 1,880,144 shares in the last quarter. LSV Asset Management grew its stake in Foot Locker by 23.5% during the 1st quarter. LSV Asset Management now owns 4,199,887 shares of the athletic footwear retailer’s stock valued at $254,513,000 after acquiring an additional 798,850 shares in the last quarter. Prudential Financial Inc. grew its stake in Foot Locker by 43.9% during the 2nd quarter. Prudential Financial Inc. now owns 2,267,201 shares of the athletic footwear retailer’s stock valued at $95,041,000 after acquiring an additional 692,126 shares in the last quarter. MERIAN GLOBAL INVESTORS UK Ltd purchased a new stake in Foot Locker during the 1st quarter valued at about $40,444,000. Finally, Rockefeller Capital Management L.P. grew its stake in Foot Locker by 65.9% during the 2nd quarter. Rockefeller Capital Management L.P. now owns 1,510,879 shares of the athletic footwear retailer’s stock valued at $63,336,000 after acquiring an additional 600,232 shares in the last quarter. Institutional investors and hedge funds own 97.69% of the company’s stock.
Several analysts recently issued reports on FL shares. Morgan Stanley raised shares of Foot Locker from an “underweight” rating to an “equal weight” rating and set a $40.00 price objective for the company in a research note on Thursday, August 8th. TheStreet cut shares of Foot Locker from a “b-” rating to a “c+” rating in a research note on Monday, June 17th. Piper Jaffray Companies set a $33.00 price objective on shares of Foot Locker and gave the company a “hold” rating in a research note on Friday, August 23rd. Bank of America set a $33.00 price objective on shares of Foot Locker and gave the company a “sell” rating in a research note on Friday, August 23rd. Finally, Susquehanna Bancshares cut shares of Foot Locker from a “positive” rating to a “neutral” rating and dropped their price objective for the company from $46.00 to $39.00 in a research note on Monday, August 26th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $55.60.
Shares of FL stock traded down $0.05 during trading hours on Friday, hitting $40.47. The company had a trading volume of 1,377,104 shares, compared to its average volume of 4,706,409. The company’s fifty day moving average is $39.19 and its 200 day moving average is $49.06. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.99 and a quick ratio of 0.99. Foot Locker, Inc. has a fifty-two week low of $33.12 and a fifty-two week high of $68.00. The stock has a market capitalization of $4.44 billion, a PE ratio of 8.59, a price-to-earnings-growth ratio of 0.88 and a beta of 0.95.
Foot Locker (NYSE:FL) last issued its quarterly earnings data on Friday, August 23rd. The athletic footwear retailer reported $0.66 EPS for the quarter, hitting the consensus estimate of $0.66. Foot Locker had a net margin of 6.51% and a return on equity of 21.05%. The firm had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.83 billion. During the same period in the prior year, the business posted $0.75 EPS. The business’s revenue for the quarter was down .4% compared to the same quarter last year. Equities analysts forecast that Foot Locker, Inc. will post 4.94 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Friday, October 18th will be issued a dividend of $0.38 per share. The ex-dividend date is Thursday, October 17th. This represents a $1.52 dividend on an annualized basis and a yield of 3.76%. Foot Locker’s dividend payout ratio (DPR) is presently 32.27%.
About Foot Locker
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.
Read More: The Structure of a Futures Contract
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.