55,795 Shares in Foot Locker, Inc. (NYSE:FL) Acquired by Sciencast Management LP
Sciencast Management LP bought a new position in Foot Locker, Inc. (NYSE:FL) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 55,795 shares of the athletic footwear retailer’s stock, valued at approximately $2,198,000. Sciencast Management LP owned about 0.05% of Foot Locker as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently bought and sold shares of FL. Quadrant Capital Group LLC grew its position in Foot Locker by 364.9% in the third quarter. Quadrant Capital Group LLC now owns 1,111 shares of the athletic footwear retailer’s stock valued at $44,000 after acquiring an additional 872 shares during the period. Private Capital Group LLC grew its position in Foot Locker by 80.3% in the second quarter. Private Capital Group LLC now owns 1,082 shares of the athletic footwear retailer’s stock valued at $57,000 after acquiring an additional 482 shares during the period. CSat Investment Advisory L.P. grew its position in Foot Locker by 134.4% in the second quarter. CSat Investment Advisory L.P. now owns 1,662 shares of the athletic footwear retailer’s stock valued at $70,000 after acquiring an additional 953 shares during the period. Winslow Evans & Crocker Inc. bought a new stake in Foot Locker in the third quarter valued at $70,000. Finally, Signaturefd LLC grew its position in Foot Locker by 19.6% in the third quarter. Signaturefd LLC now owns 1,812 shares of the athletic footwear retailer’s stock valued at $78,000 after acquiring an additional 297 shares during the period. Hedge funds and other institutional investors own 95.61% of the company’s stock.
A number of equities analysts have commented on FL shares. Standpoint Research raised Foot Locker from a “hold” rating to a “buy” rating in a research note on Monday, December 23rd. B. Riley reissued a “buy” rating and issued a $60.00 price objective on shares of Foot Locker in a research note on Monday, November 25th. Susquehanna Bancshares lowered Foot Locker from a “positive” rating to a “neutral” rating and reduced their price objective for the stock from $47.00 to $41.00 in a research note on Friday, January 10th. Raymond James reduced their price objective on Foot Locker from $70.00 to $65.00 and set an “outperform” rating on the stock in a research note on Monday, November 25th. Finally, Pivotal Research reissued a “buy” rating and issued a $54.00 price objective on shares of Foot Locker in a research note on Monday, November 25th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $54.30.
Foot Locker (NYSE:FL) last released its earnings results on Friday, November 22nd. The athletic footwear retailer reported $1.13 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.06. Foot Locker had a return on equity of 21.66% and a net margin of 6.39%. The firm had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same quarter in the prior year, the firm posted $0.95 earnings per share. The company’s quarterly revenue was up 3.9% on a year-over-year basis. Analysts anticipate that Foot Locker, Inc. will post 4.92 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 3.92%. The ex-dividend date of this dividend is Thursday, January 16th. Foot Locker’s payout ratio is 32.27%.
Foot Locker Company 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.
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