LSV Asset Management Acquires 107,800 Shares of Foot Locker, Inc. (FL)

LSV Asset Management grew its holdings in shares of Foot Locker, Inc. (NYSE:FL) by 10.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,123,278 shares of the athletic footwear retailer’s stock after purchasing an additional 107,800 shares during the quarter. LSV Asset Management owned about 0.86% of Foot Locker worth $55,355,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Alps Advisors Inc. raised its holdings in shares of Foot Locker by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 6,312 shares of the athletic footwear retailer’s stock valued at $311,000 after purchasing an additional 17 shares in the last quarter. Somerset Trust Co raised its holdings in shares of Foot Locker by 0.7% during the 2nd quarter. Somerset Trust Co now owns 6,100 shares of the athletic footwear retailer’s stock valued at $300,000 after purchasing an additional 41 shares in the last quarter. Honkamp Krueger Financial Services Inc. raised its holdings in shares of Foot Locker by 0.4% during the 2nd quarter. Honkamp Krueger Financial Services Inc. now owns 14,090 shares of the athletic footwear retailer’s stock valued at $694,000 after purchasing an additional 61 shares in the last quarter. Commerce Bank raised its holdings in shares of Foot Locker by 1.3% during the 1st quarter. Commerce Bank now owns 6,200 shares of the athletic footwear retailer’s stock valued at $464,000 after purchasing an additional 77 shares in the last quarter. Finally, Pacer Advisors Inc. raised its holdings in shares of Foot Locker by 3.5% during the 1st quarter. Pacer Advisors Inc. now owns 2,630 shares of the athletic footwear retailer’s stock valued at $197,000 after purchasing an additional 88 shares in the last quarter. Institutional investors and hedge funds own 91.36% of the company’s stock.

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A number of research analysts have recently weighed in on the stock. ValuEngine downgraded shares of Foot Locker from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Zacks Investment Research downgraded shares of Foot Locker from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 30th. Morgan Stanley restated an “overweight” rating and set a $50.00 price target (down previously from $65.00) on shares of Foot Locker in a report on Tuesday, August 29th. BidaskClub downgraded shares of Foot Locker from a “hold” rating to a “sell” rating in a report on Wednesday, August 23rd. Finally, Buckingham Research restated a “buy” rating and set a $47.00 price target (down previously from $61.00) on shares of Foot Locker in a report on Tuesday, August 22nd. Three equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twelve have issued a buy rating to the company. Foot Locker has a consensus rating of “Hold” and an average price target of $65.81.

Shares of Foot Locker, Inc. (FL) opened at 35.73 on Friday. The stock’s 50 day moving average is $42.41 and its 200 day moving average is $59.80. The firm has a market capitalization of $4.72 billion, a price-to-earnings ratio of 8.26 and a beta of 0.73. Foot Locker, Inc. has a 12 month low of $31.56 and a 12 month high of $79.43.

Foot Locker (NYSE:FL) last released its quarterly earnings results on Friday, August 18th. The athletic footwear retailer reported $0.62 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.90 by $0.28. Foot Locker had a net margin of 7.49% and a return on equity of 21.52%. The business had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.80 billion. During the same quarter last year, the company posted $0.94 earnings per share. The company’s revenue was down 4.4% on a year-over-year basis. Equities research analysts forecast that Foot Locker, Inc. will post $3.97 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 27th. Investors of record on Friday, October 13th will be paid a $0.31 dividend. The ex-dividend date of this dividend is Thursday, October 12th. This represents a $1.24 annualized dividend and a dividend yield of 3.47%. Foot Locker’s dividend payout ratio (DPR) is presently 28.57%.

Foot Locker Profile

Foot Locker, Inc is a retailer of shoes and apparel. The Company operates through two segments: Athletic Stores and Direct-to-Customers. The Company is an athletic footwear and apparel retailer, which include businesses, such as include Foot Locker, Kids Foot Locker, Lady Foot Locker, Champs Sports, Footaction, Runners Point, Sidestep and SIX:02.

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

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