Foot Locker, Inc. (FL) Shares Bought by Aperio Group LLC
Aperio Group LLC boosted its holdings in shares of Foot Locker, Inc. (NYSE:FL) by 21.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 138,898 shares of the athletic footwear retailer’s stock after acquiring an additional 24,079 shares during the quarter. Aperio Group LLC’s holdings in Foot Locker were worth $6,512,000 at the end of the most recent quarter.
A number of other large investors have also made changes to their positions in the stock. Bank of New York Mellon Corp increased its holdings in Foot Locker by 32.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 3,591,593 shares of the athletic footwear retailer’s stock valued at $126,495,000 after purchasing an additional 870,899 shares during the period. APG Asset Management N.V. grew its holdings in shares of Foot Locker by 11.2% during the 3rd quarter. APG Asset Management N.V. now owns 2,776,631 shares of the athletic footwear retailer’s stock worth $97,793,000 after acquiring an additional 279,200 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Foot Locker by 36.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,329,354 shares of the athletic footwear retailer’s stock worth $46,817,000 after acquiring an additional 357,669 shares during the period. Rockefeller Financial Services Inc. purchased a new position in shares of Foot Locker during the 3rd quarter worth approximately $42,618,000. Finally, Legal & General Group Plc grew its holdings in shares of Foot Locker by 7.3% during the 3rd quarter. Legal & General Group Plc now owns 781,654 shares of the athletic footwear retailer’s stock worth $27,528,000 after acquiring an additional 53,224 shares during the period. Institutional investors own 89.78% of the company’s stock.
FL has been the topic of a number of research analyst reports. Deutsche Bank upgraded Foot Locker from a “hold” rating to a “buy” rating and upped their target price for the stock from $38.00 to $45.00 in a report on Friday, November 17th. Piper Jaffray Companies set a $35.00 target price on Foot Locker and gave the stock a “hold” rating in a report on Tuesday, November 14th. Zacks Investment Research upgraded Foot Locker from a “hold” rating to a “buy” rating and set a $53.00 target price on the stock in a report on Tuesday, December 26th. Buckingham Research downgraded Foot Locker from a “buy” rating to a “neutral” rating in a report on Monday, October 23rd. They noted that the move was a valuation call. Finally, Cowen reiterated a “hold” rating and set a $33.00 target price on shares of Foot Locker in a report on Friday, November 10th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $56.15.
Shares of Foot Locker, Inc. (NYSE:FL) opened at $46.34 on Tuesday. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.41 and a quick ratio of 2.09. Foot Locker, Inc. has a 12-month low of $28.42 and a 12-month high of $77.86. The company has a market capitalization of $5,620.00, a P/E ratio of 11.67, a PEG ratio of 2.15 and a beta of 0.80.
Foot Locker (NYSE:FL) last issued its quarterly earnings results on Friday, November 17th. The athletic footwear retailer reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.07. Foot Locker had a return on equity of 19.96% and a net margin of 6.79%. The firm had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.82 billion. During the same period in the previous year, the firm posted $1.13 EPS. The business’s revenue for the quarter was down .8% compared to the same quarter last year. research analysts predict that Foot Locker, Inc. will post 4.1 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, February 2nd. Stockholders of record on Friday, January 19th were given a $0.31 dividend. The ex-dividend date of this dividend was Thursday, January 18th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.68%. Foot Locker’s dividend payout ratio is currently 31.23%.
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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