Foot Locker, Inc. (NYSE:FL)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $50.66, but opened at $49.33. Foot Locker shares last traded at $48.80, with a volume of 2785431 shares changing hands.

FL has been the topic of several research reports. OTR Global upgraded Foot Locker to a “positive” rating in a research note on Thursday, August 16th. Zacks Investment Research lowered Foot Locker from a “buy” rating to a “hold” rating in a research note on Friday, August 10th. Wells Fargo & Co upgraded Foot Locker from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $50.00 to $58.00 in a research note on Monday, September 10th. ValuEngine lowered Foot Locker from a “hold” rating to a “sell” rating in a research note on Saturday, July 28th. Finally, Morgan Stanley began coverage on Foot Locker in a report on Wednesday, August 1st. They set an “underweight” rating and a $44.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and sixteen have issued a buy rating to the company’s stock. Foot Locker currently has an average rating of “Buy” and a consensus target price of $56.13.

The firm has a market capitalization of $5.61 billion, a P/E ratio of 11.53, a P/E/G ratio of 1.71 and a beta of 0.81. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.50 and a quick ratio of 1.76.

Foot Locker (NYSE:FL) last announced its earnings results on Friday, August 24th. The athletic footwear retailer reported $0.75 EPS for the quarter, topping the consensus estimate of $0.70 by $0.05. The business had revenue of $1.78 billion for the quarter, compared to the consensus estimate of $1.76 billion. Foot Locker had a return on equity of 20.67% and a net margin of 3.88%. Foot Locker’s revenue was up 4.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.62 EPS. Equities research analysts anticipate that Foot Locker, Inc. will post 4.46 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 2nd. Shareholders of record on Friday, October 19th will be issued a dividend of $0.345 per share. This represents a $1.38 annualized dividend and a yield of 2.91%. The ex-dividend date is Thursday, October 18th. Foot Locker’s dividend payout ratio is 33.58%.

A number of large investors have recently bought and sold shares of the business. Investec Asset Management LTD raised its position in shares of Foot Locker by 2.1% during the 2nd quarter. Investec Asset Management LTD now owns 3,287,156 shares of the athletic footwear retailer’s stock valued at $173,069,000 after acquiring an additional 67,060 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Foot Locker by 26.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,157,573 shares of the athletic footwear retailer’s stock valued at $113,606,000 after acquiring an additional 453,209 shares during the last quarter. LSV Asset Management raised its position in shares of Foot Locker by 55.6% during the 2nd quarter. LSV Asset Management now owns 1,883,833 shares of the athletic footwear retailer’s stock valued at $99,183,000 after acquiring an additional 673,155 shares during the last quarter. Northern Trust Corp raised its position in shares of Foot Locker by 2.1% during the 2nd quarter. Northern Trust Corp now owns 1,762,660 shares of the athletic footwear retailer’s stock valued at $92,804,000 after acquiring an additional 36,981 shares during the last quarter. Finally, Renaissance Technologies LLC bought a new stake in shares of Foot Locker during the 2nd quarter valued at $82,034,000. 96.84% of the stock is currently owned by hedge funds and other institutional investors.

About Foot Locker (NYSE:FL)

Foot Locker, Inc, through its subsidiaries, operates as an athletic shoes and apparel retailer. The company operates in two segments, Athletic Stores and Direct-to-Customers. The Athletic Stores segment retails athletic footwear, apparel, accessories, and equipment under various formats, including Foot Locker, Kids Foot Locker, Lady Foot Locker, Champs Sports, Footaction, Runners Point, Sidestep, and SIX:02.

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