Foot Locker, Inc. (FL) Shares Bought by Trexquant Investment LP
Trexquant Investment LP raised its stake in Foot Locker, Inc. (NYSE:FL) by 92.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 48,581 shares of the athletic footwear retailer’s stock after buying an additional 23,381 shares during the period. Trexquant Investment LP’s holdings in Foot Locker were worth $1,711,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of the company. Alps Advisors Inc. increased its holdings in shares of Foot Locker by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 6,312 shares of the athletic footwear retailer’s stock worth $311,000 after buying an additional 17 shares during the last quarter. Honkamp Krueger Financial Services Inc. grew its holdings 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 purchasing an additional 61 shares during the last quarter. Thrivent Financial For Lutherans grew its holdings 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 purchasing an additional 120 shares during the last quarter. Empirical Finance LLC grew its holdings in shares of Foot Locker by 0.7% during the 2nd quarter. Empirical Finance LLC now owns 31,054 shares of the athletic footwear retailer’s stock valued at $1,531,000 after purchasing an additional 205 shares during the last quarter. Finally, Formidable Asset Management LLC grew its holdings in shares of Foot Locker by 2.8% during the 2nd quarter. Formidable Asset Management LLC now owns 12,446 shares of the athletic footwear retailer’s stock valued at $613,000 after purchasing an additional 336 shares during the last quarter. 87.42% of the stock is currently owned by hedge funds and other institutional investors.
Several research firms recently commented on FL. B. Riley reaffirmed a “neutral” rating on shares of Foot Locker in a report on Wednesday, November 1st. Telsey Advisory Group increased their target price on shares of Foot Locker from $34.00 to $44.00 and gave the company a “market perform” rating in a report on Monday, November 20th. Robert W. Baird lowered shares of Foot Locker from an “outperform” rating to a “neutral” rating in a report on Monday, August 21st. Piper Jaffray Companies reaffirmed a “neutral” rating on shares of Foot Locker in a report on Monday, August 21st. Finally, Wells Fargo & Company set a $42.00 target price on shares of Foot Locker and gave the company a “hold” rating in a report on Monday, November 20th. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and twelve have given a buy rating to the company. Foot Locker currently has a consensus rating of “Hold” and an average target price of $53.26.
Shares of Foot Locker, Inc. (FL) traded down $0.44 during midday trading on Monday, reaching $40.10. 1,884,600 shares of the company were exchanged, compared to its average volume of 3,466,426. Foot Locker, Inc. has a one year low of $28.42 and a one year high of $79.43. The stock has a market cap of $4,970.00, a PE ratio of 9.50, a P/E/G ratio of 2.72 and a beta of 0.66. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.08 and a current ratio of 4.39.
Foot Locker (NYSE:FL) last issued its quarterly earnings results on Friday, November 17th. The athletic footwear retailer reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.07. The company had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.82 billion. Foot Locker had a net margin of 6.79% and a return on equity of 19.96%. Foot Locker’s revenue was down .8% on a year-over-year basis. During the same period last year, the company posted $1.13 EPS. research analysts anticipate that Foot Locker, Inc. will post 4.05 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 2nd. Shareholders of record on Friday, January 19th will be paid a dividend of $0.31 per share. The ex-dividend date is Thursday, January 18th. This represents a $1.24 dividend on an annualized basis and a yield of 3.09%. Foot Locker’s dividend payout ratio is currently 31.23%.
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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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