Foot Locker, Inc. (FL) Position Increased by Capital Investment Counsel Inc
Capital Investment Counsel Inc increased its position in shares of Foot Locker, Inc. (NYSE:FL) by 32.6% during the second quarter, Holdings Channel reports. The fund owned 10,785 shares of the athletic footwear retailer’s stock after buying an additional 2,650 shares during the period. Capital Investment Counsel Inc’s holdings in Foot Locker were worth $531,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently bought and sold shares of FL. Korea Investment CORP boosted its position in Foot Locker by 81.4% in the first quarter. Korea Investment CORP now owns 425,220 shares of the athletic footwear retailer’s stock worth $31,811,000 after buying an additional 190,760 shares during the last quarter. Foster & Motley Inc. acquired a new stake in shares of Foot Locker during the first quarter valued at about $807,000. Mn Services Vermogensbeheer B.V. boosted its stake in shares of Foot Locker by 3.0% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 3,554 shares of the athletic footwear retailer’s stock valued at $249,000 after buying an additional 102 shares in the last quarter. Nationwide Fund Advisors boosted its stake in shares of Foot Locker by 2.1% in the first quarter. Nationwide Fund Advisors now owns 37,897 shares of the athletic footwear retailer’s stock valued at $2,835,000 after buying an additional 763 shares in the last quarter. Finally, Candriam Luxembourg S.C.A. boosted its stake in shares of Foot Locker by 105.0% in the first quarter. Candriam Luxembourg S.C.A. now owns 31,235 shares of the athletic footwear retailer’s stock valued at $2,337,000 after buying an additional 16,000 shares in the last quarter. 93.49% of the stock is currently owned by institutional investors.
Foot Locker, Inc. (NYSE FL) opened at 34.38 on Friday. The stock’s 50 day moving average is $47.92 and its 200-day moving average is $63.26. The stock has a market capitalization of $4.51 billion, a price-to-earnings ratio of 7.05 and a beta of 0.68. Foot Locker, Inc. has a 12 month low of $34.29 and a 12 month high of $79.43.
Foot Locker (NYSE:FL) last issued its quarterly earnings results on Friday, August 18th. The athletic footwear retailer reported $0.62 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.90 by $0.28. Foot Locker had a net margin of 8.39% and a return on equity of 23.87%. The firm had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.80 billion. During the same quarter last year, the firm posted $0.94 earnings per share. Foot Locker’s revenue was down 4.4% compared to the same quarter last year. On average, equities research analysts expect that Foot Locker, Inc. will post $5.07 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, October 27th. Stockholders of record on Friday, October 13th will be issued a $0.31 dividend. The ex-dividend date is Thursday, October 12th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.61%. Foot Locker’s dividend payout ratio (DPR) is 25.36%.
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Several analysts have recently issued reports on the stock. Susquehanna Bancshares Inc reissued a “positive” rating and set a $86.00 price target on shares of Foot Locker in a research report on Friday, April 21st. Barclays PLC reissued an “overweight” rating and set a $80.00 price target on shares of Foot Locker in a research report on Thursday, June 22nd. Morgan Stanley raised shares of Foot Locker from an “equal weight” rating to an “overweight” rating and reduced their price target for the stock from $70.00 to $65.00 in a research report on Tuesday, August 8th. Wedbush reissued an “outperform” rating and set a $83.00 price target on shares of Foot Locker in a research report on Wednesday, May 17th. Finally, Credit Suisse Group reissued a “neutral” rating and set a $52.00 price target (down previously from $66.00) on shares of Foot Locker in a research report on Tuesday, August 1st. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and fifteen have issued a buy rating to the stock. Foot Locker currently has an average rating of “Hold” and a consensus price target of $72.17.
In other news, Director Jarobin Gilbert, Jr. sold 5,600 shares of the business’s stock in a transaction that occurred on Wednesday, May 24th. The stock was sold at an average price of $59.40, for a total value of $332,640.00. Following the completion of the sale, the director now directly owns 8,964 shares in the company, valued at approximately $532,461.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.90% of the stock is currently owned by insiders.
About Foot Locker
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.
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