Boston Partners boosted its holdings in shares of Foot Locker, Inc. (NYSE:FL) by 26.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,416,276 shares of the athletic footwear retailer’s stock after acquiring an additional 291,986 shares during the quarter. Boston Partners’ holdings in Foot Locker were worth $55,190,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of the stock. Parallel Advisors LLC grew its holdings in Foot Locker by 148.4% in the fourth quarter. Parallel Advisors LLC now owns 631 shares of the athletic footwear retailer’s stock worth $25,000 after purchasing an additional 377 shares during the last quarter. Clear Harbor Asset Management LLC acquired a new stake in shares of Foot Locker during the fourth quarter worth $27,000. Huntington National Bank lifted its stake in shares of Foot Locker by 432.8% during the fourth quarter. Huntington National Bank now owns 714 shares of the athletic footwear retailer’s stock worth $28,000 after buying an additional 580 shares during the period. BBVA USA Bancshares Inc. acquired a new stake in shares of Foot Locker during the fourth quarter worth $29,000. Finally, Parkside Financial Bank & Trust lifted its stake in shares of Foot Locker by 75.8% during the fourth quarter. Parkside Financial Bank & Trust now owns 902 shares of the athletic footwear retailer’s stock worth $35,000 after buying an additional 389 shares during the period. 95.79% of the stock is currently owned by institutional investors.
FL has been the subject of several research reports. Pivotal Research reiterated a “buy” rating and set a $54.00 price objective on shares of Foot Locker in a research note on Monday, November 25th. Susquehanna Bancshares downgraded shares of Foot Locker from a “positive” rating to a “neutral” rating and lowered their price objective for the stock from $47.00 to $41.00 in a research note on Friday, January 10th. Guggenheim reiterated a “buy” rating and set a $45.00 price objective on shares of Foot Locker in a research note on Friday, November 22nd. Telsey Advisory Group downgraded shares of Foot Locker from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $50.00 to $42.00 in a research note on Tuesday, January 28th. Finally, Raymond James lowered their price objective on shares of Foot Locker from $70.00 to $65.00 and set an “outperform” rating for the company in a research note on Monday, November 25th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $50.22.
NYSE FL opened at $40.38 on Friday. The company has a market capitalization of $4.22 billion, a PE ratio of 8.74, a P/E/G ratio of 0.83 and a beta of 0.91. The company has a fifty day moving average of $39.31 and a 200 day moving average of $40.58. Foot Locker, Inc. has a 1 year low of $33.12 and a 1 year high of $68.00. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.90 and a quick ratio of 0.84.
Foot Locker (NYSE:FL) last posted its earnings results on Friday, November 22nd. The athletic footwear retailer reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.06. The company had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.94 billion. Foot Locker had a net margin of 6.39% and a return on equity of 21.66%. The firm’s quarterly revenue was up 3.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.95 earnings per share. Research analysts expect that Foot Locker, Inc. will post 4.91 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 17th were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Thursday, January 16th. This represents a $1.52 dividend on an annualized basis and a yield of 3.76%. Foot Locker’s dividend payout ratio is presently 32.27%.
Foot Locker 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.
Read More: Debt-To-Equity Ratio
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