Victory Capital Management Inc. Has $987,000 Stake in Foot Locker, Inc. (FL)
Victory Capital Management Inc. lifted its stake in Foot Locker, Inc. (NYSE:FL) by 6.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,020 shares of the athletic footwear retailer’s stock after purchasing an additional 1,288 shares during the period. Victory Capital Management Inc.’s holdings in Foot Locker were worth $987,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. JPMorgan Chase & Co. increased its stake in shares of Foot Locker by 130.0% in the 1st quarter. JPMorgan Chase & Co. now owns 698,340 shares of the athletic footwear retailer’s stock worth $52,244,000 after purchasing an additional 394,688 shares in the last quarter. Todd Asset Management LLC increased its stake in shares of Foot Locker by 34.3% in the 1st quarter. Todd Asset Management LLC now owns 582,371 shares of the athletic footwear retailer’s stock worth $43,567,000 after purchasing an additional 148,889 shares in the last quarter. Omega Advisors Inc. purchased a new stake in shares of Foot Locker in the 1st quarter worth $11,222,000. Russell Investments Group Ltd. increased its stake in shares of Foot Locker by 6.6% in the 1st quarter. Russell Investments Group Ltd. now owns 138,739 shares of the athletic footwear retailer’s stock worth $10,382,000 after purchasing an additional 8,617 shares in the last quarter. Finally, BlackRock Inc. increased its stake in shares of Foot Locker by 2,189.3% in the 1st quarter. BlackRock Inc. now owns 9,163,944 shares of the athletic footwear retailer’s stock worth $685,553,000 after purchasing an additional 8,763,641 shares in the last quarter. Hedge funds and other institutional investors own 91.36% of the company’s stock.
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Foot Locker, Inc. (NYSE:FL) opened at 36.93 on Friday. The company has a market cap of $4.87 billion, a P/E ratio of 8.53 and a beta of 0.73. Foot Locker, Inc. has a one year low of $31.56 and a one year high of $79.43. The company has a 50 day moving average of $40.95 and a 200-day moving average of $58.51.
Foot Locker (NYSE:FL) last posted its quarterly earnings results on Friday, August 18th. The athletic footwear retailer reported $0.62 earnings per share for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.28). The business had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.80 billion. Foot Locker had a return on equity of 21.52% and a net margin of 7.49%. The business’s revenue was down 4.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.94 earnings per share. On average, equities analysts expect 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 given a dividend of $0.31 per share. The ex-dividend date is Thursday, October 12th. This represents a $1.24 dividend on an annualized basis and a yield of 3.36%. Foot Locker’s payout ratio is presently 28.57%.
A number of brokerages have issued reports on FL. Bank of America Corporation lowered Foot Locker from a “neutral” rating to an “underperform” rating in a research note on Friday, August 18th. Morgan Stanley reiterated an “overweight” rating and issued a $50.00 price target (down previously from $65.00) on shares of Foot Locker in a research note on Tuesday, August 29th. Cowen and Company cut their price target on Foot Locker from $77.00 to $64.00 and set a “market perform” rating for the company in a research note on Monday, May 22nd. BidaskClub upgraded Foot Locker from a “strong sell” rating to a “sell” rating in a research note on Monday, July 31st. Finally, UBS AG reiterated a “neutral” rating on shares of Foot Locker in a research note on Monday, August 21st. Three investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and twelve have given a buy rating to the stock. Foot Locker presently has a consensus rating of “Hold” and a consensus target price of $65.81.
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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