Dimensional Fund Advisors LP boosted its stake in shares of Foot Locker, Inc. (NYSE:FL) by 36.8% during the third quarter, HoldingsChannel.com reports. The firm owned 1,329,354 shares of the athletic footwear retailer’s stock after acquiring an additional 357,669 shares during the period. Dimensional Fund Advisors LP’s holdings in Foot Locker were worth $46,817,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of the business. Renaissance Technologies LLC raised its stake in shares of Foot Locker by 1,744.5% in the 2nd quarter. Renaissance Technologies LLC now owns 1,372,300 shares of the athletic footwear retailer’s stock valued at $67,627,000 after acquiring an additional 1,297,900 shares during the period. Rockefeller Financial Services Inc. purchased a new position in shares of Foot Locker in the 3rd quarter valued at $42,618,000. Bank of New York Mellon Corp raised its stake in shares of Foot Locker by 32.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 3,591,593 shares of the athletic footwear retailer’s stock valued at $126,495,000 after acquiring an additional 870,899 shares during the period. Koch Industries Inc. purchased a new position in shares of Foot Locker in the 2nd quarter valued at $720,000. Finally, New Mountain Vantage Advisers L.L.C. purchased a new position in shares of Foot Locker in the 2nd quarter valued at $15,597,000. 89.85% of the stock is currently owned by institutional investors.
A number of brokerages have recently commented on FL. Zacks Investment Research raised shares of Foot Locker from a “hold” rating to a “buy” rating and set a $53.00 target price on the stock in a research note on Tuesday, December 26th. Robert W. Baird reaffirmed a “hold” rating and set a $52.00 price target on shares of Foot Locker in a report on Wednesday. Citigroup reaffirmed a “buy” rating and set a $54.00 price target on shares of Foot Locker in a report on Tuesday, December 19th. Buckingham Research raised shares of Foot Locker from a “neutral” rating to a “buy” rating and set a $57.00 price target for the company in a report on Friday. Finally, Standpoint Research lowered shares of Foot Locker from a “buy” rating to a “hold” rating and set a $66.00 price target for the company. in a report on Monday, December 4th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and thirteen have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $53.69.
Foot Locker, Inc. (NYSE:FL) opened at $46.96 on Friday. The firm has a market cap of $5,613.00, a price-to-earnings ratio of 11.80, a price-to-earnings-growth ratio of 2.27 and a beta of 0.82. The company has a current ratio of 4.41, a quick ratio of 2.09 and a debt-to-equity ratio of 0.05. Foot Locker, Inc. has a fifty-two week low of $28.42 and a fifty-two 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 for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.07. The company had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.82 billion. Foot Locker had a net margin of 6.79% and a return on equity of 19.96%. The firm’s revenue for the quarter was down .8% compared to the same quarter last year. During the same period last year, the business earned $1.13 EPS. sell-side analysts predict that Foot Locker, Inc. will post 4.08 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 2nd. Shareholders of record on Friday, January 19th will be issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 2.64%. The ex-dividend date of this dividend is Thursday, January 18th. Foot Locker’s dividend payout ratio is currently 31.16%.
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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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