Foot Locker, Inc. (FL) Shares Sold by ProShare Advisors LLC
ProShare Advisors LLC reduced its position in shares of Foot Locker, Inc. (NYSE:FL) by 1.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,030 shares of the athletic footwear retailer’s stock after selling 304 shares during the period. ProShare Advisors LLC’s holdings in Foot Locker were worth $839,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. BlackRock Inc. lifted its stake in Foot Locker by 2,189.3% during the first quarter. BlackRock Inc. now owns 9,163,944 shares of the athletic footwear retailer’s stock worth $685,553,000 after purchasing an additional 8,763,641 shares during the last quarter. Morgan Stanley boosted its holdings in shares of Foot Locker by 151.3% in the 1st quarter. Morgan Stanley now owns 1,439,075 shares of the athletic footwear retailer’s stock valued at $107,656,000 after purchasing an additional 866,525 shares in the last quarter. Canada Pension Plan Investment Board increased its stake in shares of Foot Locker by 65.3% in the 2nd quarter. Canada Pension Plan Investment Board now owns 1,819,210 shares of the athletic footwear retailer’s stock valued at $89,651,000 after purchasing an additional 718,800 shares during the last quarter. Marshall Wace North America L.P. increased its stake in shares of Foot Locker by 6,648.7% in the 2nd quarter. Marshall Wace North America L.P. now owns 729,398 shares of the athletic footwear retailer’s stock valued at $35,741,000 after purchasing an additional 718,590 shares during the last quarter. Finally, APG Asset Management N.V. increased its stake in shares of Foot Locker by 23.4% in the 2nd quarter. APG Asset Management N.V. now owns 2,497,431 shares of the athletic footwear retailer’s stock valued at $123,073,000 after purchasing an additional 473,289 shares during the last quarter. Institutional investors and hedge funds own 96.77% of the company’s stock.
Foot Locker, Inc. (NYSE:FL) opened at 35.22 on Monday. The stock has a 50 day moving average price of $40.33 and a 200-day moving average price of $57.66. The firm has a market capitalization of $4.37 billion, a P/E ratio of 8.14 and a beta of 0.72. Foot Locker, Inc. has a 52 week low of $31.56 and a 52 week high of $79.43.
Foot Locker (NYSE:FL) last issued its earnings results on Friday, August 18th. The athletic footwear retailer reported $0.62 EPS for the quarter, missing the consensus estimate of $0.90 by ($0.28). Foot Locker had a return on equity of 21.52% and a net margin of 7.49%. The firm had revenue of $1.70 billion during the quarter, compared to analysts’ expectations of $1.80 billion. During the same period in the previous year, the firm earned $0.94 earnings per share. The firm’s quarterly revenue was down 4.4% compared to the same quarter last year. Analysts anticipate that Foot Locker, Inc. will post $3.97 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, October 27th. Shareholders of record on Friday, October 13th will be given a dividend of $0.31 per share. The ex-dividend date is Thursday, October 12th. This represents a $1.24 annualized dividend and a yield of 3.52%. Foot Locker’s payout ratio is currently 28.57%.
Several analysts recently weighed in on the company. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $35.00 price objective on shares of Foot Locker in a research note on Sunday. Robert W. Baird cut Foot Locker from an “outperform” rating to a “neutral” rating in a research report on Monday, August 21st. Zacks Investment Research raised Foot Locker from a “sell” rating to a “hold” rating in a research note on Thursday, August 10th. Buckingham Research reissued a “buy” rating and set a $47.00 target price (down previously from $61.00) on shares of Foot Locker in a research note on Tuesday, August 22nd. Finally, BidaskClub raised shares of Foot Locker from a “strong sell” rating to a “sell” rating in a report on Monday, July 31st. Three analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twelve have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $64.21.
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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