Flinton Capital Management LLC Has $2.93 Million Position in Foot Locker, Inc. (FL)
Flinton Capital Management LLC lifted its stake in shares of Foot Locker, Inc. (NYSE:FL) by 89.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 59,504 shares of the athletic footwear retailer’s stock after purchasing an additional 28,176 shares during the period. Flinton Capital Management LLC’s holdings in Foot Locker were worth $2,932,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. D.A. Davidson & CO. grew its stake in Foot Locker by 50.3% in the 2nd quarter. D.A. Davidson & CO. now owns 2,133 shares of the athletic footwear retailer’s stock valued at $105,000 after buying an additional 714 shares in the last quarter. Penserra Capital Management LLC grew its position in shares of Foot Locker by 13.0% during the 2nd quarter. Penserra Capital Management LLC now owns 3,016 shares of the athletic footwear retailer’s stock valued at $148,000 after purchasing an additional 348 shares in the last quarter. Van ECK Associates Corp grew its position in shares of Foot Locker by 5.6% during the 1st quarter. Van ECK Associates Corp now owns 2,047 shares of the athletic footwear retailer’s stock valued at $153,000 after purchasing an additional 109 shares in the last quarter. Pacer Advisors Inc. grew its position in shares of Foot Locker by 49.6% during the 2nd quarter. Pacer Advisors Inc. now owns 3,935 shares of the athletic footwear retailer’s stock valued at $194,000 after purchasing an additional 1,305 shares in the last quarter. Finally, Ffcm LLC grew its position in shares of Foot Locker by 9.3% during the 2nd quarter. Ffcm LLC now owns 4,072 shares of the athletic footwear retailer’s stock valued at $201,000 after purchasing an additional 348 shares in the last quarter. Institutional investors own 96.76% of the company’s stock.
A number of research analysts have recently commented on the stock. Morgan Stanley upgraded shares of Foot Locker from an “equal weight” rating to an “overweight” rating and reduced their price target for the company from $70.00 to $65.00 in a research report on Tuesday, August 8th. Canaccord Genuity downgraded shares of Foot Locker from a “buy” rating to a “hold” rating in a report on Friday, August 18th. TheStreet downgraded shares of Foot Locker from a “b-” rating to a “c+” rating in a report on Friday, June 30th. FBR & Co reaffirmed a “hold” rating on shares of Foot Locker in a report on Monday, August 21st. Finally, J P Morgan Chase & Co downgraded shares of Foot Locker from an “overweight” rating to a “neutral” rating in a report on Friday, August 18th. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and thirteen have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $64.38.
Shares of Foot Locker, Inc. (NYSE FL) traded up 0.70% on Friday, reaching $31.65. 2,835,704 shares of the company were exchanged. The stock has a market capitalization of $3.92 billion, a price-to-earnings ratio of 7.31 and a beta of 0.72. Foot Locker, Inc. has a 52 week low of $31.38 and a 52 week high of $79.43. The firm’s 50 day moving average price is $34.91 and its 200 day moving average price is $52.63.
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 analysts’ consensus estimates of $0.90 by ($0.28). Foot Locker had a net margin of 7.49% and a return on equity of 21.52%. The firm had revenue of $1.70 billion during the quarter, compared to analysts’ expectations of $1.80 billion. During the same quarter last year, the business earned $0.94 earnings per share. The business’s quarterly revenue was down 4.4% on a year-over-year basis. Equities research analysts anticipate that Foot Locker, Inc. will post $3.97 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 27th. Shareholders of record on Friday, October 13th will be issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 3.92%. The ex-dividend date of this dividend is Thursday, October 12th. Foot Locker’s dividend payout ratio (DPR) is currently 28.57%.
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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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