Belpointe Asset Management LLC Invests $39,000 in Foot Locker, Inc. (NYSE:FL)

Belpointe Asset Management LLC bought a new position in Foot Locker, Inc. (NYSE:FL – Get Rating) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,044 shares of the athletic footwear retailer’s stock, valued at approximately $39,000.

A number of other large investors have also recently bought and sold shares of the business. Advisors Asset Management Inc. increased its stake in shares of Foot Locker by 68.3% in the first quarter. Advisors Asset Management Inc. now owns 1,336 shares of the athletic footwear retailer’s stock valued at $40,000 after purchasing an additional 542 shares during the period. Canada Pension Plan Investment Board increased its stake in shares of Foot Locker by 659.5% during the first quarter. Canada Pension Plan Investment Board now owns 3,600 shares of the athletic footwear retailer’s stock valued at $107,000 after acquiring an additional 3,126 shares during the period. Covestor Ltd increased its stake in shares of Foot Locker by 184.8% during the first quarter. Covestor Ltd now owns 3,976 shares of the athletic footwear retailer’s stock valued at $118,000 after acquiring an additional 2,580 shares during the period. Harvest Fund Management Co. Ltd increased its stake in shares of Foot Locker by 151.4% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 4,100 shares of the athletic footwear retailer’s stock valued at $155,000 after acquiring an additional 2,469 shares during the period. Finally, Signaturefd LLC increased its stake in shares of Foot Locker by 17.1% during the third quarter. Signaturefd LLC now owns 4,143 shares of the athletic footwear retailer’s stock valued at $129,000 after acquiring an additional 606 shares during the period. Institutional investors own 95.06% of the company’s stock.

Foot Locker Price Performance

NYSE:FL opened at $25.82 on Friday. Foot Locker, Inc. has a 12 month low of $23.85 and a 12 month high of $47.22. The firm has a market cap of $2.41 billion, a PE ratio of 10.01 and a beta of 1.23. The company has a quick ratio of 0.46, a current ratio of 1.62 and a debt-to-equity ratio of 0.14. The company’s 50-day moving average price is $39.14 and its two-hundred day moving average price is $39.39.

Foot Locker (NYSE:FL – Get Rating) last announced its earnings results on Friday, May 19th. The athletic footwear retailer reported $0.70 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.08). Foot Locker had a return on equity of 11.77% and a net margin of 2.88%. The company had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.99 billion. During the same period in the prior year, the firm posted $1.60 earnings per share. The company’s revenue was down 11.3% on a year-over-year basis. On average, equities analysts anticipate that Foot Locker, Inc. will post 2.1 EPS for the current fiscal year.

Foot Locker Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 28th. Investors of record on Friday, July 14th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 6.20%. The ex-dividend date of this dividend is Thursday, July 13th. Foot Locker’s dividend payout ratio (DPR) is 62.02%.

Analysts Set New Price Targets

A number of research analysts recently commented on FL shares. TD Securities raised their price objective on shares of Foot Locker from $39.00 to $43.00 and gave the company a “market perform” rating in a research note on Tuesday, March 21st. Wedbush restated a “neutral” rating on shares of Foot Locker in a report on Tuesday, March 21st. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Foot Locker from $42.00 to $28.00 in a report on Monday. Seaport Res Ptn restated a “neutral” rating on shares of Foot Locker in a report on Tuesday, March 14th. Finally, UBS Group cut shares of Foot Locker from a “neutral” rating to a “sell” rating in a report on Wednesday, March 29th. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $38.80.

Foot Locker Company Profile

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Foot Locker, Inc engages in the retail of athletic shoes and apparel. The firm uses its omni-channel capabilities to bridge the digital world and physical stores, including order-in-store, buy online and pickup-in-store, and buy online and ship-from-store, as well as e-commerce. It operates through following segments: North America, EMEA (Europe, Middle East, and Africa, and Asia Pacific.