Commonwealth of Pennsylvania Public School Empls Retrmt SYS Decreases Holdings in Foot Locker, Inc. (FL)
Commonwealth of Pennsylvania Public School Empls Retrmt SYS reduced its stake in Foot Locker, Inc. (NYSE:FL) by 0.7% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,750 shares of the athletic footwear retailer’s stock after selling 69 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Foot Locker were worth $480,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of FL. Penserra Capital Management LLC boosted its position in shares of Foot Locker by 13.0% during the second quarter. Penserra Capital Management LLC now owns 3,016 shares of the athletic footwear retailer’s stock worth $148,000 after buying an additional 348 shares during the period. Van ECK Associates Corp boosted its position in shares of Foot Locker by 5.6% during the first quarter. Van ECK Associates Corp now owns 2,047 shares of the athletic footwear retailer’s stock worth $153,000 after buying an additional 109 shares during the period. Pacer Advisors Inc. boosted its position in shares of Foot Locker by 49.6% during the second quarter. Pacer Advisors Inc. now owns 3,935 shares of the athletic footwear retailer’s stock worth $194,000 after buying an additional 1,305 shares during the period. Stratos Wealth Partners LTD. acquired a new position in shares of Foot Locker during the first quarter worth approximately $204,000. Finally, Los Angeles Capital Management & Equity Research Inc. acquired a new position in shares of Foot Locker during the first quarter worth approximately $235,000. Institutional investors and hedge funds own 96.77% of the company’s stock.
Foot Locker, Inc. (FL) opened at 34.57 on Thursday. Foot Locker, Inc. has a 52-week low of $31.56 and a 52-week high of $79.43. The stock has a market capitalization of $4.29 billion, a PE ratio of 7.99 and a beta of 0.73. The firm’s 50-day moving average is $40.33 and its 200 day moving average is $57.66.
Foot Locker (NYSE:FL) last posted its earnings results on Friday, August 18th. The athletic footwear retailer reported $0.62 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.90 by ($0.28). The firm had revenue of $1.70 billion during 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 company’s revenue for the quarter was down 4.4% on a year-over-year basis. During the same quarter last year, the business posted $0.94 earnings per share. On average, equities analysts forecast that Foot Locker, Inc. will post $3.97 earnings per share for the current year.
The company 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. The ex-dividend date of this dividend is Thursday, October 12th. This represents a $1.24 annualized dividend and a yield of 3.59%. Foot Locker’s dividend payout ratio (DPR) is presently 28.57%.
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FL has been the subject of several analyst reports. Bank of America Corporation downgraded Foot Locker from a “neutral” rating to an “underperform” rating in a research report on Friday, August 18th. Morgan Stanley reiterated an “overweight” rating and set a $50.00 price objective (down from $65.00) on shares of Foot Locker in a research report on Tuesday, August 29th. BidaskClub upgraded Foot Locker from a “strong sell” rating to a “sell” rating in a research report on Monday, July 31st. UBS AG reiterated a “neutral” rating on shares of Foot Locker in a research report on Monday, August 21st. Finally, Robert W. Baird reiterated a “neutral” rating on shares of Foot Locker in a research report on Sunday, August 20th. Three research analysts have rated the stock with a sell rating, fourteen have given a hold rating and twelve have given a buy rating to the stock. Foot Locker has a consensus rating of “Hold” and an average price target of $65.81.
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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