GAM Holding AG raised its position in Foot Locker, Inc. (NYSE:FL) by 97.5% during the first quarter, according to its most recent filing with the SEC. The firm owned 38,994 shares of the athletic footwear retailer’s stock after purchasing an additional 19,248 shares during the period. GAM Holding AG’s holdings in Foot Locker were worth $2,363,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc grew its stake in shares of Foot Locker by 0.7% in the 3rd quarter. Vanguard Group Inc now owns 12,178,329 shares of the athletic footwear retailer’s stock worth $620,851,000 after acquiring an additional 85,314 shares in the last quarter. BlackRock Inc. grew its stake in shares of Foot Locker by 2.1% in the 4th quarter. BlackRock Inc. now owns 7,046,767 shares of the athletic footwear retailer’s stock worth $374,890,000 after acquiring an additional 146,138 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Foot Locker by 2.1% in the 4th quarter. Bank of New York Mellon Corp now owns 5,361,255 shares of the athletic footwear retailer’s stock worth $285,219,000 after acquiring an additional 112,778 shares in the last quarter. LSV Asset Management grew its stake in shares of Foot Locker by 23.5% in the 1st quarter. LSV Asset Management now owns 4,199,887 shares of the athletic footwear retailer’s stock worth $254,513,000 after acquiring an additional 798,850 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Foot Locker by 10.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,685,329 shares of the athletic footwear retailer’s stock worth $142,856,000 after acquiring an additional 263,890 shares in the last quarter. Hedge funds and other institutional investors own 99.53% of the company’s stock.
FL has been the subject of several recent analyst reports. TheStreet lowered shares of Foot Locker from a “b-” rating to a “c+” rating in a research note on Monday, June 17th. Pivotal Research restated a “buy” rating and set a $60.00 price target on shares of Foot Locker in a research report on Tuesday, May 28th. ValuEngine lowered shares of Foot Locker from a “buy” rating to a “hold” rating in a research report on Saturday, March 9th. Credit Suisse Group increased their price target on shares of Foot Locker from $75.00 to $77.00 and gave the company an “outperform” rating in a research report on Friday, March 29th. Finally, Imperial Capital restated an “outperform” rating and set a $70.00 price target (up previously from $66.00) on shares of Foot Locker in a research report on Monday, March 4th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and fifteen have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $67.72.
Foot Locker (NYSE:FL) last released its quarterly earnings data on Friday, May 24th. The athletic footwear retailer reported $1.53 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.61 by ($0.08). Foot Locker had a net margin of 6.86% and a return on equity of 21.75%. The business had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $2.11 billion. During the same period last year, the company earned $1.45 earnings per share. Foot Locker’s revenue for the quarter was up 2.6% compared to the same quarter last year. On average, research analysts expect that Foot Locker, Inc. will post 5.02 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, August 2nd. Stockholders of record on Friday, July 19th will be issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.63%. The ex-dividend date is Thursday, July 18th. Foot Locker’s payout ratio is 32.27%.
Foot Locker Company Profile
Foot Locker, Inc, through its subsidiaries, operates as an athletic shoes and apparel retailer. The company operates in two segments, Athletic Stores and Direct-to-Customers. The Athletic Stores segment retails athletic footwear, apparel, accessories, and equipment under various formats, including Foot Locker, Kids Foot Locker, Lady Foot Locker, Champs Sports, Footaction, Runners Point, Sidestep, and SIX:02.
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