Traders sold shares of Foot Locker, Inc. (NYSE:FL) on strength during trading hours on Wednesday. $1.90 million flowed into the stock on the tick-up and $5.76 million flowed out of the stock on the tick-down, for a money net flow of $3.86 million out of the stock. Of all stocks tracked, Foot Locker had the 23rd highest net out-flow for the day. Foot Locker traded up $0.25 for the day and closed at $36.58

Several equities analysts have recently weighed in on the company. ValuEngine lowered Foot Locker from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Barclays PLC reaffirmed an “overweight” rating and issued a $80.00 price objective on shares of Foot Locker in a research note on Thursday, June 22nd. Oppenheimer Holdings, Inc. assumed coverage on Foot Locker in a research note on Friday, July 7th. They issued a “market perform” rating on the stock. Morgan Stanley reaffirmed an “overweight” rating and issued a $50.00 price objective (down from $65.00) on shares of Foot Locker in a research note on Tuesday, August 29th. Finally, BidaskClub raised Foot Locker from a “strong sell” rating to a “sell” rating in a research note on Monday, July 31st. Three research analysts have rated the stock with a sell rating, fourteen have given a hold rating and twelve have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $65.81.

The stock has a market capitalization of $4.84 billion, a price-to-earnings ratio of 8.48 and a beta of 0.73. The firm’s 50 day moving average price is $43.11 and its 200 day moving average price is $60.15.

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

The business also recently announced 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 of this dividend is Thursday, October 12th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.38%. Foot Locker’s payout ratio is presently 28.57%.

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

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Foot Locker Company 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.