Rockefeller Capital Management L.P. lessened its holdings in Foot Locker, Inc. (NYSE:FL) by 1.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 910,647 shares of the athletic footwear retailer’s stock after selling 9,240 shares during the quarter. Rockefeller Capital Management L.P. owned 0.81% of Foot Locker worth $55,185,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also made changes to their positions in FL. MML Investors Services LLC lifted its position in Foot Locker by 49.8% in the 1st quarter. MML Investors Services LLC now owns 12,798 shares of the athletic footwear retailer’s stock worth $776,000 after buying an additional 4,257 shares in the last quarter. Sawtooth Solutions LLC bought a new position in Foot Locker in the 1st quarter valued at approximately $471,000. Federated Investors Inc. PA raised its holdings in Foot Locker by 298.9% in the 1st quarter. Federated Investors Inc. PA now owns 151,346 shares of the athletic footwear retailer’s stock valued at $9,172,000 after buying an additional 113,401 shares during the last quarter. Lido Advisors LLC bought a new position in Foot Locker in the 1st quarter valued at approximately $253,000. Finally, NumerixS Investment Technologies Inc bought a new position in Foot Locker in the 1st quarter valued at approximately $168,000. 99.53% of the stock is currently owned by institutional investors.
A number of analysts have weighed in on the stock. TheStreet downgraded shares of Foot Locker from a “b-” rating to a “c+” rating in a research report on Monday, June 17th. Telsey Advisory Group reissued an “outperform” rating and set a $70.00 target price on shares of Foot Locker in a research report on Thursday, April 11th. Pivotal Research reissued a “buy” rating and set a $60.00 target price on shares of Foot Locker in a research report on Tuesday, May 28th. Morgan Stanley decreased their target price on shares of Foot Locker from $44.00 to $40.00 and set an “underweight” rating for the company in a research report on Tuesday, May 28th. Finally, Wedbush reissued an “outperform” rating and set a $73.00 target price on shares of Foot Locker in a research report on Tuesday, March 26th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and fifteen have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $67.72.
NYSE:FL traded down $0.80 during trading hours on Wednesday, hitting $41.06. 2,547,318 shares of the company traded hands, compared to its average volume of 3,172,798. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.07 and a current ratio of 2.01. The business’s 50-day simple moving average is $46.52. Foot Locker, Inc. has a one year low of $39.06 and a one year high of $68.00. The firm has a market cap of $4.66 billion, a P/E ratio of 8.72, a PEG ratio of 0.85 and a beta of 1.00.
Foot Locker (NYSE:FL) last released its earnings results on Friday, May 24th. The athletic footwear retailer reported $1.53 EPS for the quarter, missing the Zacks’ consensus estimate of $1.61 by ($0.08). The business had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $2.11 billion. Foot Locker had a return on equity of 21.75% and a net margin of 6.86%. The company’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.45 earnings per share. On average, analysts forecast that Foot Locker, Inc. will post 5.02 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 2nd. Stockholders of record on Friday, July 19th will be paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.70%. The ex-dividend date is Thursday, July 18th. Foot Locker’s payout ratio is 32.27%.
Foot Locker Company Profile
Foot Locker, Inc, through its subsidiaries, operates as an athletic shoes and apparel retailer. The company operates in two segments, Athletic Stores and Direct-to-Customers. The Athletic Stores segment retails athletic footwear, apparel, accessories, and equipment under various formats, including Foot Locker, Kids Foot Locker, Lady Foot Locker, Champs Sports, Footaction, Runners Point, Sidestep, and SIX:02.
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