Foot Locker, Inc. (NYSE:FL) saw a significant decline in short interest in August. As of August 31st, there was short interest totalling 11,971,312 shares, a decline of 18.3% from the August 15th total of 14,654,505 shares. Based on an average daily volume of 9,971,413 shares, the days-to-cover ratio is currently 1.2 days. Currently, 9.2% of the company’s stock are sold short.

Hedge funds have recently modified their holdings of the stock. D.A. Davidson & CO. raised its stake in Foot Locker by 50.3% in the 2nd quarter. D.A. Davidson & CO. now owns 2,133 shares of the athletic footwear retailer’s stock worth $105,000 after acquiring an additional 714 shares during the last quarter. Penserra Capital Management LLC raised its stake in Foot Locker by 13.0% in the 2nd quarter. Penserra Capital Management LLC now owns 3,016 shares of the athletic footwear retailer’s stock worth $148,000 after acquiring an additional 348 shares during the last quarter. Van ECK Associates Corp raised its stake in Foot Locker by 5.6% in the 1st quarter. Van ECK Associates Corp now owns 2,047 shares of the athletic footwear retailer’s stock worth $153,000 after acquiring an additional 109 shares during the last quarter. Pacer Advisors Inc. raised its stake in Foot Locker by 49.6% in the 2nd quarter. Pacer Advisors Inc. now owns 3,935 shares of the athletic footwear retailer’s stock worth $194,000 after acquiring an additional 1,305 shares during the last quarter. Finally, Ffcm LLC raised its stake in Foot Locker by 9.3% in the 2nd quarter. Ffcm LLC now owns 4,072 shares of the athletic footwear retailer’s stock worth $201,000 after acquiring an additional 348 shares during the last quarter. Institutional investors own 96.77% of the company’s stock.

Shares of Foot Locker (NYSE:FL) opened at 33.60 on Friday. Foot Locker has a one year low of $31.56 and a one year high of $79.43. The company has a 50 day moving average price of $40.33 and a 200 day moving average price of $57.66. The company has a market cap of $4.17 billion, a price-to-earnings ratio of 7.77 and a beta of 0.73.

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). The firm had revenue of $1.70 billion during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter last year, the business earned $0.94 EPS. Equities analysts predict that Foot Locker will post $3.97 EPS for the current year.

The company also recently announced 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 is Thursday, October 12th. This represents a $1.24 dividend on an annualized basis and a yield of 3.69%. Foot Locker’s dividend payout ratio (DPR) is 28.57%.

Several research firms recently weighed in on FL. B. Riley restated a “buy” rating and set a $68.00 price target on shares of Foot Locker in a research report on Sunday, May 28th. Robert W. Baird lowered Foot Locker from an “outperform” rating to a “neutral” rating in a research report on Monday, August 21st. Piper Jaffray Companies restated a “neutral” rating on shares of Foot Locker in a research report on Monday, August 21st. Cowen and Company restated a “hold” rating and set a $37.00 price target on shares of Foot Locker in a research report on Thursday. Finally, Zacks Investment Research upgraded Foot Locker from a “sell” rating to a “hold” rating in a research report on Thursday, August 10th. 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 company currently has an average rating of “Hold” and a consensus price target of $65.21.

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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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