Cibc World Markets Corp Acquires 4,712 Shares of Foot Locker, Inc. (FL)
Cibc World Markets Corp lifted its holdings in Foot Locker, Inc. (NYSE:FL) by 34.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,538 shares of the athletic footwear retailer’s stock after purchasing an additional 4,712 shares during the quarter. Cibc World Markets Corp’s holdings in Foot Locker were worth $914,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in the company. Alps Advisors Inc. boosted its holdings in Foot Locker by 0.3% during the second quarter. Alps Advisors Inc. now owns 6,312 shares of the athletic footwear retailer’s stock worth $311,000 after purchasing an additional 17 shares during the last quarter. Somerset Trust Co grew its position in Foot Locker by 0.7% in the second quarter. Somerset Trust Co now owns 6,100 shares of the athletic footwear retailer’s stock valued at $300,000 after purchasing an additional 41 shares in the last quarter. Honkamp Krueger Financial Services Inc. grew its position in Foot Locker by 0.4% in the second quarter. Honkamp Krueger Financial Services Inc. now owns 14,090 shares of the athletic footwear retailer’s stock valued at $694,000 after purchasing an additional 61 shares in the last quarter. Pacer Advisors Inc. grew its position in Foot Locker by 3.5% in the first quarter. Pacer Advisors Inc. now owns 2,630 shares of the athletic footwear retailer’s stock valued at $197,000 after purchasing an additional 88 shares in the last quarter. Finally, Van ECK Associates Corp grew its position in Foot Locker by 5.6% in the first 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. 96.77% of the stock is currently owned by institutional investors and hedge funds.
Foot Locker, Inc. (NYSE:FL) opened at 34.75 on Tuesday. Foot Locker, Inc. has a one year low of $31.56 and a one year high of $79.43. The firm has a market capitalization of $4.31 billion, a PE ratio of 8.03 and a beta of 0.72. The firm has a 50-day moving average price of $36.68 and a 200 day moving average price of $54.95.
Foot Locker (NYSE:FL) last announced its quarterly earnings results on Friday, August 18th. The athletic footwear retailer reported $0.62 EPS for the quarter, missing the Zacks’ consensus estimate of $0.90 by ($0.28). The business had revenue of $1.70 billion for the quarter, compared to analysts’ expectations of $1.80 billion. Foot Locker had a net margin of 7.49% and a return on equity of 21.52%. The business’s quarterly revenue was down 4.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.94 earnings per share. Analysts anticipate that Foot Locker, Inc. will post $3.97 EPS 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 paid a $0.31 dividend. The ex-dividend date is Thursday, October 12th. This represents a $1.24 dividend on an annualized basis and a yield of 3.57%. Foot Locker’s dividend payout ratio is 28.57%.
A number of equities research analysts have recently issued reports on the company. Cowen and Company reiterated a “market perform” rating and set a $62.00 price objective (down previously from $64.00) on shares of Foot Locker in a research note on Monday, June 5th. ValuEngine cut shares of Foot Locker from a “buy” rating to a “hold” rating in a research note on Saturday, June 10th. Standpoint Research assumed coverage on shares of Foot Locker in a research note on Monday, June 12th. They issued a “buy” rating and a $66.00 target price for the company. Argus cut shares of Foot Locker from a “buy” rating to a “hold” rating and set a $54.85 target price for the company. in a research note on Tuesday, June 13th. Finally, Susquehanna Bancshares Inc restated a “positive” rating on shares of Foot Locker in a report on Sunday, June 18th. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating and thirteen have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $65.21.
About Foot Locker
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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