Walleye Capital LLC boosted its holdings in shares of Foot Locker, Inc. (NYSE:FL – Get Rating) by 43.7% during the first quarter, HoldingsChannel reports. The fund owned 40,590 shares of the athletic footwear retailer’s stock after purchasing an additional 12,351 shares during the quarter. Walleye Capital LLC’s holdings in Foot Locker were worth $1,204,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Teacher Retirement System of Texas lifted its position in shares of Foot Locker by 5.8% in the 1st quarter. Teacher Retirement System of Texas now owns 19,227 shares of the athletic footwear retailer’s stock worth $570,000 after purchasing an additional 1,048 shares during the period. Swiss National Bank lifted its position in shares of Foot Locker by 7.8% in the 1st quarter. Swiss National Bank now owns 220,900 shares of the athletic footwear retailer’s stock worth $6,552,000 after purchasing an additional 15,900 shares during the period. Parallel Advisors LLC lifted its position in shares of Foot Locker by 378.1% during the 1st quarter. Parallel Advisors LLC now owns 3,289 shares of the athletic footwear retailer’s stock valued at $100,000 after acquiring an additional 2,601 shares during the period. Qube Research & Technologies Ltd acquired a new position in shares of Foot Locker during the 1st quarter valued at $9,761,000. Finally, Investors Research Corp lifted its position in shares of Foot Locker by 3,295.0% during the 1st quarter. Investors Research Corp now owns 16,975 shares of the athletic footwear retailer’s stock valued at $503,000 after acquiring an additional 16,475 shares during the period. 98.06% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of research analysts recently issued reports on FL shares. Credit Suisse Group boosted their target price on shares of Foot Locker from $31.00 to $40.00 and gave the company a “neutral” rating in a research report on Tuesday, August 23rd. Robert W. Baird boosted their target price on shares of Foot Locker from $32.00 to $40.00 in a research report on Monday, August 22nd. Cowen boosted their target price on shares of Foot Locker from $29.00 to $35.00 and gave the company a “market perform” rating in a research report on Monday, August 22nd. Guggenheim upped their price objective on shares of Foot Locker to $43.00 in a report on Monday, August 22nd. Finally, StockNews.com downgraded shares of Foot Locker from a “hold” rating to a “sell” rating in a report on Thursday, September 1st. Two investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $41.70.
Foot Locker Price Performance
Foot Locker (NYSE:FL – Get Rating) last issued its earnings results on Friday, August 19th. The athletic footwear retailer reported $1.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.29. The firm had revenue of $2.07 billion during the quarter, compared to analyst estimates of $2.07 billion. Foot Locker had a net margin of 5.56% and a return on equity of 19.33%. The company’s quarterly revenue was down 9.2% on a year-over-year basis. During the same quarter last year, the business earned $2.21 earnings per share. Equities analysts forecast that Foot Locker, Inc. will post 4.38 EPS for the current year.
Foot Locker Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 28th. Shareholders of record on Friday, October 14th will be given a dividend of $0.40 per share. The ex-dividend date is Thursday, October 13th. This represents a $1.60 dividend on an annualized basis and a yield of 4.09%. Foot Locker’s dividend payout ratio is presently 32.65%.
Foot Locker Profile
Foot Locker, Inc, through its subsidiaries, operates as an athletic footwear and apparel retailer. The company engages in the retail of athletic footwear, apparel, accessories, equipment, and team licensed merchandise under the Foot Locker, Lady Foot Locker, Kids Foot Locker, Champs Sports, Eastbay, atmos, WSS, Footaction, and Sidestep brand names.
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