Edmond DE Rothschild Holding S.A. Has $379,000 Position in Foot Locker, Inc. (FL)
Edmond DE Rothschild Holding S.A. trimmed its position in Foot Locker, Inc. (NYSE:FL) by 2.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,704 shares of the athletic footwear retailer’s stock after selling 179 shares during the period. Edmond DE Rothschild Holding S.A.’s holdings in Foot Locker were worth $379,000 at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in FL. Van ECK Associates Corp increased its stake in 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 worth $153,000 after purchasing an additional 109 shares in the last quarter. Pacer Advisors Inc. increased its stake in Foot Locker by 3.5% during the 1st quarter. Pacer Advisors Inc. now owns 2,630 shares of the athletic footwear retailer’s stock worth $197,000 after purchasing an additional 88 shares in the last quarter. Stratos Wealth Partners LTD. bought a new stake in Foot Locker during the 1st quarter worth approximately $204,000. Penserra Capital Management LLC increased its stake in 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 worth $148,000 after purchasing an additional 348 shares in the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. bought a new stake in Foot Locker during the 1st quarter worth approximately $235,000. Institutional investors and hedge funds own 96.77% of the company’s stock.
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Shares of Foot Locker, Inc. (FL) opened at 35.05 on Wednesday. The firm has a market cap of $4.35 billion, a P/E ratio of 8.10 and a beta of 0.73. Foot Locker, Inc. has a one year low of $31.56 and a one year high of $79.43. The firm’s 50-day moving average price is $40.33 and its 200 day moving average price is $57.66.
Foot Locker (NYSE:FL) last announced 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 during the quarter, compared to the consensus estimate of $1.80 billion. Foot Locker had a net margin of 7.49% and a return on equity of 21.52%. The firm’s revenue for the quarter was down 4.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.94 EPS. Analysts predict that Foot Locker, Inc. will post $3.97 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 27th. Shareholders 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 3.54%. Foot Locker’s dividend payout ratio (DPR) is presently 28.57%.
A number of analysts recently issued reports on FL shares. BidaskClub cut Foot Locker from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 25th. TheStreet cut Foot Locker from a “b-” rating to a “c+” rating in a research note on Friday, June 30th. Jefferies Group LLC set a $80.00 target price on Foot Locker and gave the stock a “buy” rating in a research note on Tuesday, June 20th. 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 note on Tuesday, August 29th. Finally, Oppenheimer Holdings, Inc. started coverage on Foot Locker in a research note on Friday, July 7th. They set a “market perform” rating for the company. Three analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twelve have given a buy rating to the company’s stock. The stock 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.
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