Numeric Investors LLC Sells 266,079 Shares of Foot Locker, Inc. (FL)
Numeric Investors LLC lowered its stake in shares of Foot Locker, Inc. (NYSE:FL) by 85.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 45,700 shares of the athletic footwear retailer’s stock after selling 266,079 shares during the period. Numeric Investors LLC’s holdings in Foot Locker were worth $2,252,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently modified their holdings of the business. Alps Advisors Inc. boosted its holdings in Foot Locker by 0.3% during the second 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 during the last quarter. Somerset Trust Co boosted its holdings in Foot Locker by 0.7% during the second 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 during the last quarter. Honkamp Krueger Financial Services Inc. boosted its holdings in Foot Locker by 0.4% during the second 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 during the last quarter. Pacer Advisors Inc. boosted its holdings in Foot Locker by 3.5% during the first 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 during the last quarter. Finally, Van ECK Associates Corp boosted its holdings in Foot Locker by 5.6% during the first quarter. Van ECK Associates Corp now owns 2,047 shares of the athletic footwear retailer’s stock worth $153,000 after buying an additional 109 shares during the last quarter. Hedge funds and other institutional investors own 96.77% of the company’s stock.
Shares of Foot Locker, Inc. (NYSE:FL) opened at 34.41 on Friday. The company has a 50-day moving average price of $35.09 and a 200 day moving average price of $54.07. The company has a market capitalization of $4.27 billion, a P/E ratio of 7.95 and a beta of 0.72. Foot Locker, Inc. has a 1-year low of $31.56 and a 1-year 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 EPS for the quarter, missing the Zacks’ 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 for the quarter, compared to analysts’ expectations of $1.80 billion. During the same period in the previous year, the business posted $0.94 earnings per share. The business’s revenue was down 4.4% compared to the same quarter last year. Equities research analysts anticipate that Foot Locker, Inc. will post $3.97 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 27th. Shareholders of record on Friday, October 13th will be issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 3.60%. The ex-dividend date of this dividend is Thursday, October 12th. Foot Locker’s dividend payout ratio (DPR) is 28.57%.
A number of brokerages have issued reports on FL. Barclays PLC restated an “overweight” rating and set a $80.00 target price on shares of Foot Locker in a report on Thursday, June 22nd. Morgan Stanley upgraded Foot Locker from an “equal weight” rating to an “overweight” rating and reduced their target price for the stock from $70.00 to $65.00 in a report on Tuesday, August 8th. Credit Suisse Group restated a “neutral” rating and set a $52.00 target price (down previously from $66.00) on shares of Foot Locker in a report on Tuesday, August 1st. Standpoint Research assumed coverage on Foot Locker in a report on Monday, June 12th. They set a “buy” rating and a $66.00 target price on the stock. Finally, ValuEngine raised Foot Locker from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and thirteen have given a buy rating to the stock. Foot Locker presently has an average rating of “Hold” and an average target price of $64.38.
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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.
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