Buckingham Capital Management Inc. lowered its holdings in Foot Locker, Inc. (NYSE:FL) by 19.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 26,154 shares of the athletic footwear retailer’s stock after selling 6,486 shares during the quarter. Buckingham Capital Management Inc.’s holdings in Foot Locker were worth $1,289,000 as of its most recent filing with the SEC.
Other institutional investors have also bought and sold shares of the company. JPMorgan Chase & Co. boosted its stake in Foot Locker by 130.0% in the first quarter. JPMorgan Chase & Co. now owns 698,340 shares of the athletic footwear retailer’s stock worth $52,244,000 after purchasing an additional 394,688 shares in the last quarter. Tobam boosted its stake in Foot Locker by 47.1% in the second quarter. Tobam now owns 428,449 shares of the athletic footwear retailer’s stock worth $21,114,000 after purchasing an additional 137,206 shares in the last quarter. Todd Asset Management LLC boosted its stake in Foot Locker by 34.3% in the first quarter. Todd Asset Management LLC now owns 582,371 shares of the athletic footwear retailer’s stock worth $43,567,000 after purchasing an additional 148,889 shares in the last quarter. Omega Advisors Inc. acquired a new position in Foot Locker in the first quarter worth $11,222,000. Finally, Russell Investments Group Ltd. boosted its stake in Foot Locker by 6.6% in the first quarter. Russell Investments Group Ltd. now owns 138,739 shares of the athletic footwear retailer’s stock worth $10,382,000 after purchasing an additional 8,617 shares in the last quarter. 91.36% of the stock is currently owned by institutional investors.
Shares of Foot Locker, Inc. (NYSE FL) traded up 1.80% on Tuesday, reaching $35.62. The company had a trading volume of 1,337,642 shares. The stock has a market cap of $4.70 billion, a PE ratio of 8.23 and a beta of 0.73. The stock has a 50-day moving average price of $42.27 and a 200-day moving average price of $59.57. Foot Locker, Inc. has a 12 month low of $31.56 and a 12 month high of $79.43.
Foot Locker (NYSE:FL) last issued its quarterly earnings data on Friday, August 18th. The athletic footwear retailer reported $0.62 EPS for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.28). The company had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.80 billion. Foot Locker had a return on equity of 21.52% and a net margin of 7.49%. The business’s revenue for the quarter was down 4.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.94 earnings per share. Analysts predict that Foot Locker, Inc. will post $3.97 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 27th. Investors of record on Friday, October 13th will be paid a $0.31 dividend. The ex-dividend date is Thursday, October 12th. This represents a $1.24 annualized dividend and a yield of 3.54%. Foot Locker’s payout ratio is 28.57%.
Several equities analysts have recently issued reports on FL shares. Bank of America Corporation lowered Foot Locker from a “neutral” rating to an “underperform” rating in a research note on Friday, August 18th. Morgan Stanley reaffirmed an “overweight” rating and set a $50.00 price target (down previously from $65.00) on shares of Foot Locker in a research note on Tuesday, August 29th. Cowen and Company cut their price target on Foot Locker from $77.00 to $64.00 and set a “market perform” rating on the stock in a research note on Monday, May 22nd. BidaskClub raised Foot Locker from a “strong sell” rating to a “sell” rating in a research note on Monday, July 31st. Finally, UBS AG reaffirmed a “neutral” rating on shares of Foot Locker in a research note on Monday, August 21st. Three research analysts have rated the stock with a sell rating, fourteen have given a hold rating and twelve have assigned a buy rating to the company’s stock. Foot Locker has an average rating of “Hold” and a consensus price target of $65.81.
About Foot Locker
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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