Aristotle Fund L.P. purchased a new stake in shares of Foot Locker, Inc. (NYSE:FL) during the second quarter, according to its most recent filing with the SEC. The institutional investor purchased 103,300 shares of the athletic footwear retailer’s stock, valued at approximately $5,091,000. Foot Locker makes up approximately 3.2% of Aristotle Fund L.P.’s investment portfolio, making the stock its 9th largest position. Aristotle Fund L.P. owned about 0.08% of Foot Locker at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. BlackRock Inc. increased its stake in Foot Locker by 2,189.3% in the first quarter. BlackRock Inc. now owns 9,163,944 shares of the athletic footwear retailer’s stock valued at $685,553,000 after buying an additional 8,763,641 shares during the last quarter. Morgan Stanley increased its stake in Foot Locker by 151.3% in the first quarter. Morgan Stanley now owns 1,439,075 shares of the athletic footwear retailer’s stock valued at $107,656,000 after buying an additional 866,525 shares during the last quarter. Wedge Capital Management L L P NC increased its stake in Foot Locker by 7,355.2% in the first quarter. Wedge Capital Management L L P NC now owns 765,421 shares of the athletic footwear retailer’s stock valued at $57,261,000 after buying an additional 755,154 shares during the last quarter. Canada Pension Plan Investment Board increased its stake in Foot Locker by 65.3% in the second quarter. Canada Pension Plan Investment Board now owns 1,819,210 shares of the athletic footwear retailer’s stock valued at $89,651,000 after buying an additional 718,800 shares during the last quarter. Finally, Marshall Wace North America L.P. increased its stake in Foot Locker by 6,648.7% in the second quarter. Marshall Wace North America L.P. now owns 729,398 shares of the athletic footwear retailer’s stock valued at $35,741,000 after buying an additional 718,590 shares during the last quarter. 91.32% of the stock is owned by hedge funds and other institutional investors.

Foot Locker, Inc. (NYSE FL) traded down 0.26% during mid-day trading on Wednesday, reaching $35.07. 855,808 shares of the company’s stock traded hands. The stock has a 50 day moving average of $45.77 and a 200 day moving average of $62.02. The company has a market cap of $4.63 billion, a P/E ratio of 8.10 and a beta of 0.68. Foot Locker, Inc. has a 12-month low of $31.56 and a 12-month high of $79.43.

Foot Locker (NYSE:FL) last issued its quarterly earnings data on Friday, August 18th. The athletic footwear retailer reported $0.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.90 by $0.28. The business had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.80 billion. Foot Locker had a return on equity of 21.52% and a net margin of 7.49%. The firm’s revenue for the quarter was down 4.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.94 earnings per share. On average, equities research analysts predict that Foot Locker, Inc. will post $3.96 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 27th. Investors of record on Friday, October 13th will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.53%. The ex-dividend date of this dividend is Thursday, October 12th. Foot Locker’s payout ratio is 28.57%.

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Several equities research analysts have recently commented on FL shares. Bank of America Corporation downgraded shares of Foot Locker from a “neutral” rating to an “underperform” rating in a research report on Friday, August 18th. Morgan Stanley reissued an “overweight” rating and set a $50.00 target price (down from $65.00) on shares of Foot Locker in a research report on Tuesday. Cowen and Company decreased their target price on shares of Foot Locker from $77.00 to $64.00 and set a “market perform” rating for the company in a research report on Monday, May 22nd. BidaskClub raised shares of Foot Locker from a “strong sell” rating to a “sell” rating in a research report on Monday, July 31st. Finally, UBS AG reaffirmed a “neutral” rating on shares of Foot Locker in a research report on Monday, August 21st. Three equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twelve have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $65.81.

Foot Locker Company 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.

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

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