Employees Retirement System of Texas continued to hold its stake in shares of Foot Locker, Inc. (NYSE:FL) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 33,000 shares of the athletic footwear retailer’s stock at the close of the second quarter. Employees Retirement System of Texas’ holdings in Foot Locker were worth $1,626,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Alps Advisors Inc. increased its stake in shares of Foot Locker by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 6,312 shares of the athletic footwear retailer’s stock valued at $311,000 after acquiring an additional 17 shares during the last quarter. Somerset Trust Co increased its stake in shares of Foot Locker by 0.7% during the 2nd quarter. Somerset Trust Co now owns 6,100 shares of the athletic footwear retailer’s stock valued at $300,000 after acquiring an additional 41 shares during the last quarter. Honkamp Krueger Financial Services Inc. increased its stake in shares of Foot Locker by 0.4% during the 2nd quarter. Honkamp Krueger Financial Services Inc. now owns 14,090 shares of the athletic footwear retailer’s stock valued at $694,000 after acquiring an additional 61 shares during the last quarter. Van ECK Associates Corp increased its stake in shares of 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 valued at $153,000 after acquiring an additional 109 shares during the last quarter. Finally, Thrivent Financial For Lutherans increased its stake in shares of Foot Locker by 2.5% during the 2nd quarter. Thrivent Financial For Lutherans now owns 5,010 shares of the athletic footwear retailer’s stock valued at $247,000 after acquiring an additional 120 shares during the last quarter. 96.76% of the stock is owned by hedge funds and other institutional investors.

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Foot Locker, Inc. (FL) opened at 31.65 on Friday. The firm has a market capitalization of $3.92 billion, a price-to-earnings ratio of 7.31 and a beta of 0.72. The firm has a 50 day moving average price of $34.91 and a 200-day moving average price of $52.63. Foot Locker, Inc. has a 12 month low of $31.38 and a 12 month high of $79.43.

Foot Locker (NYSE:FL) last released its earnings results on Friday, August 18th. The athletic footwear retailer reported $0.62 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.90 by ($0.28). The business had revenue of $1.70 billion during the quarter, compared to analyst estimates 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 period last year, the business earned $0.94 EPS. On average, equities analysts forecast that Foot Locker, Inc. will post $3.97 EPS 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 issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 3.92%. The ex-dividend date of this dividend is Thursday, October 12th. Foot Locker’s dividend payout ratio (DPR) is currently 28.57%.

FL has been the subject of a number of research analyst reports. Bank of America Corporation downgraded shares of Foot Locker from a “neutral” rating to an “underperform” rating in a research note on Friday, August 18th. Morgan Stanley reaffirmed an “overweight” rating and set a $50.00 price objective (down previously from $65.00) on shares of Foot Locker in a research note on Tuesday, August 29th. BidaskClub raised shares of Foot Locker from a “strong sell” rating to a “sell” rating in a research note on Monday, July 31st. UBS AG reaffirmed a “neutral” rating on shares of Foot Locker in a research note on Monday, August 21st. Finally, Robert W. Baird reaffirmed a “neutral” rating on shares of Foot Locker in a research note on Sunday, August 20th. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $64.38.

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

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