Prudential Financial Inc. Decreases Position in Foot Locker, Inc. (FL)
Prudential Financial Inc. lowered its position in shares of Foot Locker, Inc. (NYSE:FL) by 2.9% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 516,957 shares of the athletic footwear retailer’s stock after selling 15,393 shares during the quarter. Prudential Financial Inc. owned 0.42% of Foot Locker worth $18,207,000 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. lifted its holdings in shares of Foot Locker by 0.3% during the second quarter. Alps Advisors Inc. now owns 6,312 shares of the athletic footwear retailer’s stock valued at $311,000 after purchasing an additional 17 shares during the last quarter. Honkamp Krueger Financial Services Inc. lifted its holdings in shares of Foot Locker by 0.4% during the second 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 lifted its holdings in shares of Foot Locker by 2.5% during the second 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 lifted its holdings in shares of Foot Locker by 0.7% during the second 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 lifted its holdings in shares of Foot Locker by 2.8% during the second 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. 95.20% of the stock is owned by institutional investors and hedge funds.
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Foot Locker, Inc. (NYSE FL) opened at $40.82 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.88 and a current ratio of 5.63. The company has a market capitalization of $5,061.60, a PE ratio of 9.67, a PEG ratio of 2.84 and a beta of 0.66. Foot Locker, Inc. has a fifty-two week low of $28.42 and a fifty-two week high of $79.43.
Foot Locker (NYSE:FL) last issued its quarterly earnings data on Friday, November 17th. The athletic footwear retailer reported $0.87 EPS for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.07. The business had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.82 billion. Foot Locker had a return on equity of 21.52% and a net margin of 7.49%. The firm’s revenue for the quarter was down .8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.13 EPS. analysts expect that Foot Locker, Inc. will post 3.95 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 2nd. Stockholders of record on Friday, January 19th will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date of this dividend is Thursday, January 18th. Foot Locker’s dividend payout ratio is 31.16%.
FL has been the subject of several analyst reports. BidaskClub downgraded Foot Locker from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 25th. Morgan Stanley reaffirmed an “overweight” rating and set a $50.00 target price (down from $65.00) on shares of Foot Locker in a report on Tuesday, August 29th. Zacks Investment Research raised Foot Locker from a “sell” rating to a “hold” rating in a report on Monday, October 23rd. Cowen and Company set a $37.00 target price on Foot Locker and gave the company a “hold” rating in a report on Monday, October 23rd. Finally, Robert W. Baird reaffirmed a “hold” rating and set a $37.00 target price on shares of Foot Locker in a report on Sunday, October 29th. Two investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twelve have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $57.67.
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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