Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp reduced its position in Foot Locker, Inc. (NYSE:FL) by 37.0% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 168,400 shares of the athletic footwear retailer’s stock after selling 98,800 shares during the quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp’s holdings in Foot Locker were worth $8,866,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Investec Asset Management LTD lifted its holdings in shares of Foot Locker by 2.1% during the second quarter. Investec Asset Management LTD now owns 3,287,156 shares of the athletic footwear retailer’s stock valued at $173,069,000 after acquiring an additional 67,060 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Foot Locker by 26.6% during the second quarter. Dimensional Fund Advisors LP now owns 2,157,573 shares of the athletic footwear retailer’s stock valued at $113,606,000 after acquiring an additional 453,209 shares during the period. LSV Asset Management lifted its holdings in shares of Foot Locker by 55.6% during the second quarter. LSV Asset Management now owns 1,883,833 shares of the athletic footwear retailer’s stock valued at $99,183,000 after acquiring an additional 673,155 shares during the period. Renaissance Technologies LLC bought a new position in shares of Foot Locker during the second quarter valued at $82,034,000. Finally, Rockefeller Capital Management L.P. bought a new position in shares of Foot Locker during the first quarter valued at $54,767,000. 95.15% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE:FL opened at $46.59 on Friday. Foot Locker, Inc. has a twelve month low of $28.42 and a twelve month high of $59.40. The firm has a market capitalization of $5.65 billion, a PE ratio of 11.17, a price-to-earnings-growth ratio of 1.63 and a beta of 0.82. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.50 and a quick ratio of 1.76.

Foot Locker (NYSE:FL) last announced its earnings results on Friday, August 24th. The athletic footwear retailer reported $0.75 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.05. The company had revenue of $1.78 billion during the quarter, compared to analyst estimates of $1.76 billion. Foot Locker had a return on equity of 20.67% and a net margin of 3.88%. The firm’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same period last year, the company posted $0.62 earnings per share. equities analysts anticipate that Foot Locker, Inc. will post 4.46 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 2nd. Investors of record on Friday, October 19th will be given a $0.345 dividend. The ex-dividend date is Thursday, October 18th. This represents a $1.38 dividend on an annualized basis and a yield of 2.96%. Foot Locker’s payout ratio is 33.58%.

A number of brokerages have issued reports on FL. Wells Fargo & Co raised Foot Locker from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $50.00 to $58.00 in a report on Monday, September 10th. B. Riley cut their price objective on Foot Locker from $52.00 to $50.00 and set a “neutral” rating for the company in a report on Tuesday, August 28th. TheStreet cut Foot Locker from a “b-” rating to a “c” rating in a report on Friday, August 24th. Wedbush reissued a “positive” rating on shares of Foot Locker in a report on Tuesday, August 28th. Finally, Credit Suisse Group cut their price objective on Foot Locker from $62.00 to $56.00 and set an “outperform” rating for the company in a report on Monday, August 27th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and sixteen have given a buy rating to the company’s stock. Foot Locker has a consensus rating of “Buy” and a consensus price target of $56.33.

Foot Locker Company Profile

Foot Locker, Inc, through its subsidiaries, operates as an athletic shoes and apparel retailer. The company operates in two segments, Athletic Stores and Direct-to-Customers. The Athletic Stores segment retails athletic footwear, apparel, accessories, and equipment under various formats, including Foot Locker, Kids Foot Locker, Lady Foot Locker, Champs Sports, Footaction, Runners Point, Sidestep, and SIX:02.

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Institutional Ownership by Quarter for Foot Locker (NYSE:FL)

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