Cipher Capital LP increased its position in shares of Foot Locker, Inc. (NYSE:FL) by 6.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 89,078 shares of the athletic footwear retailer’s stock after buying an additional 5,296 shares during the period. Cipher Capital LP owned about 0.07% of Foot Locker worth $4,390,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in FL. Macquarie Group Ltd. increased its position in shares of Foot Locker by 117.1% in the fourth quarter. Macquarie Group Ltd. now owns 7,600 shares of the athletic footwear retailer’s stock worth $539,000 after buying an additional 4,100 shares during the period. Nationwide Fund Advisors increased its position in shares of Foot Locker by 2.1% in the first quarter. Nationwide Fund Advisors now owns 37,897 shares of the athletic footwear retailer’s stock worth $2,835,000 after buying an additional 763 shares during the period. Janney Montgomery Scott LLC increased its position in shares of Foot Locker by 141.8% in the first quarter. Janney Montgomery Scott LLC now owns 9,923 shares of the athletic footwear retailer’s stock worth $742,000 after buying an additional 5,819 shares during the period. Strs Ohio increased its position in shares of Foot Locker by 14.1% in the first quarter. Strs Ohio now owns 19,462 shares of the athletic footwear retailer’s stock worth $1,455,000 after buying an additional 2,399 shares during the period. Finally, Russell Investments Group Ltd. increased its position in shares of Foot Locker by 6.6% in the first quarter. Russell Investments Group Ltd. now owns 138,739 shares of the athletic footwear retailer’s stock worth $10,382,000 after buying an additional 8,617 shares during the period. Institutional investors own 91.32% of the company’s stock.

Shares of Foot Locker, Inc. (NYSE FL) opened at 36.34 on Friday. Foot Locker, Inc. has a 12-month low of $31.56 and a 12-month high of $79.43. The stock has a market cap of $4.80 billion, a price-to-earnings ratio of 8.40 and a beta of 0.74. The company’s 50-day moving average price is $43.94 and its 200 day moving average price is $60.79.

Foot Locker (NYSE:FL) last released its quarterly earnings data on Friday, August 18th. The athletic footwear retailer reported $0.62 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.90 by $0.28. Foot Locker had a return on equity of 21.52% and a net margin of 7.49%. The company had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.80 billion. During the same period last year, the firm posted $0.94 EPS. The business’s quarterly revenue was down 4.4% on a year-over-year basis. On average, equities analysts predict that Foot Locker, Inc. will post $3.97 earnings per share 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 given 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 3.41%. Foot Locker’s dividend payout ratio is currently 28.57%.

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FL has been the subject of a number of recent research reports. B. Riley reiterated a “buy” rating and set a $79.00 price objective on shares of Foot Locker in a research note on Friday, May 12th. Wedbush restated an “outperform” rating and issued a $83.00 price target on shares of Foot Locker in a research note on Wednesday, May 17th. Bank of America Corporation downgraded Foot Locker from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $84.00 to $65.00 in a research note on Friday, May 19th. Canaccord Genuity set a $75.00 price target on Foot Locker and gave the stock a “buy” rating in a research note on Saturday, May 20th. Finally, Jefferies Group LLC set a $80.00 price target on Foot Locker and gave the stock a “buy” rating in a research note on Saturday, May 20th. Three analysts have rated the stock with a sell rating, fourteen have given a hold rating and twelve have given a buy rating to the company’s stock. Foot Locker presently has an average rating of “Hold” and a consensus target price of $65.81.

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.

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

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