Gateway Investment Advisers LLC Boosts Stake in Foot Locker, Inc. (NYSE:FL)

Gateway Investment Advisers LLC increased its holdings in shares of Foot Locker, Inc. (NYSE:FLGet Rating) by 1.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 112,268 shares of the athletic footwear retailer’s stock after acquiring an additional 1,689 shares during the quarter. Gateway Investment Advisers LLC owned about 0.12% of Foot Locker worth $2,835,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of FL. BlackRock Inc. boosted its holdings in shares of Foot Locker by 5.0% during the 1st quarter. BlackRock Inc. now owns 8,129,401 shares of the athletic footwear retailer’s stock worth $241,118,000 after purchasing an additional 386,775 shares during the last quarter. LSV Asset Management boosted its stake in Foot Locker by 5.6% during the first quarter. LSV Asset Management now owns 4,452,787 shares of the athletic footwear retailer’s stock worth $132,070,000 after buying an additional 235,978 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Foot Locker by 10.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,253,691 shares of the athletic footwear retailer’s stock valued at $126,169,000 after buying an additional 389,754 shares in the last quarter. State Street Corp increased its stake in shares of Foot Locker by 3.5% in the 1st quarter. State Street Corp now owns 2,647,143 shares of the athletic footwear retailer’s stock worth $78,514,000 after acquiring an additional 90,408 shares during the last quarter. Finally, Renaissance Technologies LLC raised its holdings in shares of Foot Locker by 5,122.3% during the 1st quarter. Renaissance Technologies LLC now owns 913,900 shares of the athletic footwear retailer’s stock worth $27,106,000 after acquiring an additional 896,400 shares during the period. Hedge funds and other institutional investors own 98.06% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on FL. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Foot Locker from $31.00 to $34.00 in a report on Tuesday, August 23rd. Barclays upgraded shares of Foot Locker from an “underweight” rating to an “equal weight” rating in a report on Monday, August 22nd. Citigroup raised shares of Foot Locker from a “sell” rating to a “neutral” rating and lifted their price target for the company from $25.00 to $38.00 in a research report on Friday, August 19th. Robert W. Baird increased their price objective on Foot Locker from $32.00 to $40.00 in a research report on Monday, August 22nd. Finally, JPMorgan Chase & Co. downgraded Foot Locker to a “sell” rating and set a $40.00 target price on the stock. in a research report on Sunday, September 4th. Two analysts have rated the stock with a sell rating, nineteen have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Foot Locker presently has an average rating of “Hold” and an average target price of $41.70.

Foot Locker Stock Down 4.2 %

Foot Locker stock opened at $35.99 on Friday. The firm has a market capitalization of $3.36 billion, a P/E ratio of 7.34, a P/E/G ratio of 0.27 and a beta of 1.23. The stock’s fifty day simple moving average is $33.05 and its 200-day simple moving average is $30.80. Foot Locker, Inc. has a twelve month low of $23.85 and a twelve month high of $57.76. The company has a current ratio of 1.46, a quick ratio of 0.42 and a debt-to-equity ratio of 0.14.

Foot Locker (NYSE:FLGet Rating) last issued its quarterly earnings results on Friday, August 19th. The athletic footwear retailer reported $1.10 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.35. Foot Locker had a return on equity of 19.33% and a net margin of 5.56%. The company had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $2.07 billion. During the same quarter in the prior year, the business earned $2.21 EPS. Foot Locker’s revenue was down 9.2% on a year-over-year basis. As a group, equities analysts expect that Foot Locker, Inc. will post 4.38 earnings per share for the current fiscal year.

Foot Locker Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 28th. Investors of record on Friday, October 14th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 4.45%. The ex-dividend date is Thursday, October 13th. Foot Locker’s dividend payout ratio (DPR) is 32.65%.

Foot Locker Company Profile

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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.

Further Reading

Institutional Ownership by Quarter for Foot Locker (NYSE:FL)

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