HL Financial Services LLC raised its position in Foot Locker Inc. (NYSE:FL) by 9.8% during the second quarter, Holdings Channel reports. The fund owned 3,659 shares of the company’s stock after buying an additional 328 shares during the period. HL Financial Services LLC’s holdings in Foot Locker were worth $201,000 as of its most recent filing with the SEC.
Other hedge funds have also modified their holdings of the company. State Street Corp increased its stake in shares of Foot Locker by 1.1% in the first quarter. State Street Corp now owns 4,849,616 shares of the company’s stock worth $312,800,000 after buying an additional 51,260 shares during the last quarter. Nordea Investment Management AB increased its stake in shares of Foot Locker by 0.3% in the second quarter. Nordea Investment Management AB now owns 2,871,414 shares of the company’s stock worth $157,526,000 after buying an additional 7,335 shares during the last quarter. Bank of Montreal Can acquired a new stake in shares of Foot Locker during the second quarter worth $74,928,000. NN Investment Partners Holdings N.V. increased its stake in shares of Foot Locker by 1.7% in the second quarter. NN Investment Partners Holdings N.V. now owns 1,333,935 shares of the company’s stock worth $73,180,000 after buying an additional 22,397 shares during the last quarter. Finally, Credit Agricole S A increased its stake in shares of Foot Locker by 32.9% in the first quarter. Credit Agricole S A now owns 1,201,658 shares of the company’s stock worth $77,507,000 after buying an additional 297,390 shares during the last quarter. Hedge funds and other institutional investors own 98.06% of the company’s stock.
Foot Locker Inc. (NYSE:FL) traded down 0.30% on Monday, reaching $67.52. 1,157,999 shares of the company were exchanged. Foot Locker Inc. has a 12-month low of $50.90 and a 12-month high of $72.46. The firm has a market capitalization of $9.00 billion, a P/E ratio of 16.80 and a beta of 0.61. The firm has a 50-day moving average of $65.97 and a 200 day moving average of $60.55.
Foot Locker (NYSE:FL) last released its quarterly earnings results on Friday, August 19th. The company reported $0.94 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.90 by $0.04. Foot Locker had a net margin of 7.35% and a return on equity of 23.99%. The business had revenue of $1.78 billion for the quarter, compared to the consensus estimate of $1.76 billion. During the same period last year, the firm earned $0.84 earnings per share. The company’s quarterly revenue was up 5.0% on a year-over-year basis. On average, equities analysts predict that Foot Locker Inc. will post $4.76 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 28th. Shareholders of record on Friday, October 14th will be given a $0.275 dividend. The ex-dividend date of this dividend is Wednesday, October 12th. This represents a $1.10 annualized dividend and a yield of 1.63%. Foot Locker’s payout ratio is presently 27.23%.
FL has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded Foot Locker from a “sell” rating to a “hold” rating in a report on Tuesday, August 16th. Guggenheim started coverage on Foot Locker in a research note on Friday. They issued a “neutral” rating for the company. Canaccord Genuity set a $75.00 target price on Foot Locker and gave the company a “buy” rating in a research note on Monday, August 15th. Brean Capital raised their target price on Foot Locker from $68.00 to $77.00 and gave the company a “buy” rating in a research note on Monday, August 22nd. Finally, Telsey Advisory Group raised their target price on Foot Locker from $72.00 to $78.00 and gave the company an “outperform” rating in a research note on Monday, August 22nd. One research analyst has rated the stock with a sell rating, seven have given a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. Foot Locker currently has an average rating of “Buy” and a consensus target price of $73.62.
In other Foot Locker news, CFO Lauren B. Peters sold 20,000 shares of the stock in a transaction that occurred on Monday, August 22nd. The shares were sold at an average price of $68.00, for a total value of $1,360,000.00. Following the transaction, the chief financial officer now directly owns 139,597 shares in the company, valued at $9,492,596. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Lewis Phillip Kimble sold 43,479 shares of the stock in a transaction that occurred on Wednesday, September 7th. The stock was sold at an average price of $65.40, for a total transaction of $2,843,526.60. Following the completion of the transaction, the chief executive officer now owns 26,131 shares in the company, valued at $1,708,967.40. The disclosure for this sale can be found here. 2.92% of the stock is currently owned by company insiders.
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’s Athletic Stores segment is an athletic footwear and apparel retailer whose formats include Foot Locker, Lady Foot Locker, Kids Foot Locker, Champs Sports, Footaction, SIX:02, Runners Point Group, including Runners Point and Sidestep.
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