Dynamic Technology Lab Private Ltd Has $936,000 Position in Foot Locker, Inc. (FL)
Dynamic Technology Lab Private Ltd lifted its holdings in Foot Locker, Inc. (NYSE:FL) by 118.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 26,584 shares of the athletic footwear retailer’s stock after acquiring an additional 14,425 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Foot Locker were worth $936,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in the stock. D.A. Davidson & CO. raised its position 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 purchasing an additional 714 shares during the period. Smithfield Trust Co. increased its position in shares of Foot Locker by 276.2% during the third quarter. Smithfield Trust Co. now owns 3,198 shares of the athletic footwear retailer’s stock worth $113,000 after acquiring an additional 2,348 shares during the period. Penserra Capital Management LLC increased its position in shares of Foot Locker by 13.0% during the second 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 period. Exane Derivatives increased its position in shares of Foot Locker by 110,475.0% during the third quarter. Exane Derivatives now owns 4,423 shares of the athletic footwear retailer’s stock worth $156,000 after acquiring an additional 4,419 shares during the period. Finally, Pacer Advisors Inc. increased its position in shares of Foot Locker by 49.6% during the second 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 period. 87.42% of the stock is owned by hedge funds and other institutional investors.
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Foot Locker, Inc. (NYSE:FL) traded up $0.16 during mid-day trading on Wednesday, hitting $40.85. 133,296 shares of the stock were exchanged, compared to its average volume of 3,475,495. The stock has a market capitalization of $5,045.46, a PE ratio of 9.64, a P/E/G ratio of 2.81 and a beta of 0.66. Foot Locker, Inc. has a twelve month low of $28.42 and a twelve month high of $79.43. The company has a quick ratio of 2.08, a current ratio of 4.39 and a debt-to-equity ratio of 0.05.
Foot Locker (NYSE:FL) last posted its quarterly earnings results on Friday, November 17th. The athletic footwear retailer reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.07. The firm had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.82 billion. Foot Locker had a net margin of 6.79% and a return on equity of 19.96%. Foot Locker’s quarterly revenue was down .8% on a year-over-year basis. During the same period in the previous year, the business posted $1.13 earnings per share. equities research analysts expect that Foot Locker, Inc. will post 3.98 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, February 2nd. Investors of record on Friday, January 19th will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Thursday, January 18th. This represents a $1.24 dividend on an annualized basis and a yield of 3.04%. Foot Locker’s payout ratio is presently 31.16%.
A number of brokerages have recently commented on FL. Morgan Stanley raised shares of 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 research report on Tuesday, August 8th. Canaccord Genuity lowered shares of Foot Locker from a “buy” rating to a “hold” rating in a research report on Friday, August 18th. B. Riley reaffirmed a “neutral” rating on shares of Foot Locker in a research report on Wednesday, November 1st. FBR & Co reaffirmed a “hold” rating on shares of Foot Locker in a research report on Monday, August 21st. Finally, Zacks Investment Research raised shares of Foot Locker from a “sell” rating to a “hold” rating in a report on Monday, October 23rd. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twelve have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $53.26.
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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