Schwab Charles Investment Management Inc. raised its position in Foot Locker, Inc. (NYSE:FL) by 6.7% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 652,104 shares of the athletic footwear retailer’s stock after purchasing an additional 40,973 shares during the period. Schwab Charles Investment Management Inc. owned 0.53% of Foot Locker worth $22,968,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Municipal Employees Retirement System of Michigan raised its holdings in shares of Foot Locker by 10.7% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 10,970 shares of the athletic footwear retailer’s stock worth $540,000 after acquiring an additional 1,060 shares during the period. Sei Investments Co. raised its holdings in shares of Foot Locker by 19.4% during the 2nd quarter. Sei Investments Co. now owns 88,760 shares of the athletic footwear retailer’s stock worth $4,374,000 after acquiring an additional 14,441 shares during the period. IFP Advisors Inc raised its holdings in shares of Foot Locker by 11.5% during the 2nd quarter. IFP Advisors Inc now owns 5,106 shares of the athletic footwear retailer’s stock worth $252,000 after acquiring an additional 526 shares during the period. Global X Management Co. LLC raised its holdings in shares of Foot Locker by 26.2% during the 2nd quarter. Global X Management Co. LLC now owns 6,731 shares of the athletic footwear retailer’s stock worth $332,000 after acquiring an additional 1,398 shares during the period. Finally, Boston Partners raised its holdings in shares of Foot Locker by 112.1% during the 2nd quarter. Boston Partners now owns 66,173 shares of the athletic footwear retailer’s stock worth $3,261,000 after acquiring an additional 34,973 shares during the period. Institutional investors own 88.08% of the company’s stock.

Foot Locker, Inc. (NYSE FL) opened at $45.65 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.41 and a quick ratio of 2.09. The stock has a market capitalization of $5,373.02, a PE ratio of 10.51, a PEG ratio of 2.17 and a beta of 0.84. Foot Locker, Inc. has a 52 week low of $28.42 and a 52 week high of $77.86.

Foot Locker (NYSE:FL) last announced its quarterly earnings data on Friday, November 17th. The athletic footwear retailer reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.07. The business had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.82 billion. Foot Locker had a return on equity of 19.96% and a net margin of 6.79%. The business’s quarterly revenue was down .8% compared to the same quarter last year. During the same quarter last year, the business posted $1.13 EPS. sell-side analysts expect that Foot Locker, Inc. will post 4.08 earnings per share for the current fiscal 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 paid a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 2.72%. The ex-dividend date is Thursday, January 18th. Foot Locker’s payout ratio is presently 31.16%.

Several research firms have recently commented on FL. Canaccord Genuity upgraded Foot Locker from a “hold” rating to a “buy” rating and lifted their price target for the stock from $42.00 to $64.00 in a report on Friday. Standpoint Research lowered Foot Locker from a “buy” rating to a “hold” rating and set a $66.00 price target on the stock. in a report on Monday, December 4th. ValuEngine upgraded Foot Locker from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Buckingham Research lifted their price target on Foot Locker from $29.00 to $44.00 and gave the stock a “neutral” rating in a report on Monday, November 20th. Finally, Susquehanna Bancshares raised their price objective on Foot Locker from $37.00 to $50.00 and gave the stock a “positive” rating in a research report on Monday, November 20th. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twelve have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $53.23.

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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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