Tower Research Capital LLC TRC raised its stake in Foot Locker Inc. (NYSE:FL) by 140.2% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 4,037 shares of the company’s stock after buying an additional 2,356 shares during the period. Tower Research Capital LLC TRC’s holdings in Foot Locker were worth $221,000 as of its most recent filing with the SEC.
Several other large investors have also modified their holdings of FL. Palisade Capital Management LLC NJ purchased a new position in shares of Foot Locker during the first quarter worth about $3,549,000. NN Investment Partners Holdings N.V. purchased a new position in shares of Foot Locker during the first quarter worth about $84,593,000. Marietta Investment Partners LLC purchased a new position in shares of Foot Locker during the first quarter worth about $2,284,000. Tobam boosted its position in shares of Foot Locker by 1.3% in the first quarter. Tobam now owns 540,022 shares of the company’s stock worth $34,832,000 after buying an additional 7,188 shares in the last quarter. Finally, BlackRock Group LTD boosted its position in shares of Foot Locker by 2.6% in the first quarter. BlackRock Group LTD now owns 859,192 shares of the company’s stock worth $55,418,000 after buying an additional 21,483 shares in the last quarter. Institutional investors own 98.06% of the company’s stock.
Foot Locker Inc. (NYSE:FL) opened at 68.08 on Wednesday. The company has a 50 day moving average of $65.07 and a 200 day moving average of $60.45. Foot Locker Inc. has a 1-year low of $50.90 and a 1-year high of $72.46. The firm has a market capitalization of $9.07 billion, a P/E ratio of 16.94 and a beta of 0.63.
Foot Locker (NYSE:FL) last issued its quarterly earnings data on Friday, August 19th. The company reported $0.94 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.90 by $0.04. Foot Locker had a return on equity of 23.99% and a net margin of 7.35%. The company earned $1.78 billion during the quarter, compared to analyst estimates of $1.76 billion. During the same quarter in the previous year, the firm earned $0.84 earnings per share. Foot Locker’s revenue was up 5.0% on a year-over-year basis. On average, equities research analysts anticipate that Foot Locker Inc. will post $4.76 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 28th. Stockholders of record on Friday, October 14th will be issued a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 1.62%. The ex-dividend date is Wednesday, October 12th. Foot Locker’s payout ratio is 27.23%.
A number of research analysts recently issued reports on FL shares. JPMorgan Chase & Co. restated a “focus list” rating on shares of Foot Locker in a report on Monday. Susquehanna boosted their price objective on shares of Foot Locker from $73.00 to $80.00 and gave the company a “positive” rating in a report on Monday, August 22nd. Jefferies Group boosted their price objective on shares of Foot Locker from $73.00 to $80.00 and gave the company a “buy” rating in a report on Monday, August 22nd. B. Riley cut shares of Foot Locker from a “buy” rating to a “neutral” rating in a report on Monday, August 22nd. Finally, FBR & Co reaffirmed a “hold” rating and issued a $71.00 price target on shares of Foot Locker in a research note on Tuesday, August 23rd. One research analyst has rated the stock with a sell rating, six have given a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $73.62.
In related news, Director Jarobin Gilbert, Jr. sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, July 8th. The stock was sold at an average price of $57.36, for a total value of $57,360.00. Following the completion of the sale, the director now owns 12,876 shares in the company, valued at approximately $738,567.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Lewis Phillip Kimble sold 43,479 shares of the business’s stock in a transaction that occurred on Wednesday, September 7th. The stock was sold at an average price of $65.40, for a total value of $2,843,526.60. Following the completion of the sale, the chief executive officer now owns 26,131 shares of the company’s stock, valued at approximately $1,708,967.40. The disclosure for this sale can be found here. Insiders own 2.92% of the company’s stock.
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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