O Shaughnessy Asset Management LLC purchased a new stake in Foot Locker, Inc. (NYSE:FL) in the 3rd quarter, Holdings Channel reports. The firm purchased 2,456 shares of the athletic footwear retailer’s stock, valued at approximately $124,000.

Several other hedge funds have also recently made changes to their positions in the company. Investec Asset Management LTD boosted its stake in Foot Locker by 2.1% in the 2nd quarter. Investec Asset Management LTD now owns 3,287,156 shares of the athletic footwear retailer’s stock worth $173,069,000 after purchasing an additional 67,060 shares during the period. Dimensional Fund Advisors LP boosted its stake in Foot Locker by 26.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,157,573 shares of the athletic footwear retailer’s stock worth $113,606,000 after purchasing an additional 453,209 shares during the period. LSV Asset Management lifted its position in Foot Locker by 55.6% during the 2nd quarter. LSV Asset Management now owns 1,883,833 shares of the athletic footwear retailer’s stock worth $99,183,000 after buying an additional 673,155 shares in the last quarter. Northern Trust Corp lifted its position in Foot Locker by 2.1% during the 2nd quarter. Northern Trust Corp now owns 1,762,660 shares of the athletic footwear retailer’s stock worth $92,804,000 after buying an additional 36,981 shares in the last quarter. Finally, Renaissance Technologies LLC bought a new stake in Foot Locker during the 2nd quarter worth about $82,034,000.

Shares of FL stock opened at $50.88 on Monday. The company has a current ratio of 3.50, a quick ratio of 1.76 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $5.85 billion, a PE ratio of 12.38, a PEG ratio of 1.78 and a beta of 0.84. Foot Locker, Inc. has a 52-week low of $38.17 and a 52-week high of $59.40.

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

The company also recently announced a quarterly dividend, which was paid on Friday, November 2nd. Stockholders of record on Friday, October 19th were issued a $0.345 dividend. The ex-dividend date was Thursday, October 18th. This represents a $1.38 dividend on an annualized basis and a dividend yield of 2.71%. Foot Locker’s payout ratio is 33.58%.

Several brokerages have commented on FL. Zacks Investment Research reissued a “buy” rating and set a $52.00 price target on shares of Foot Locker in a research report on Tuesday, November 13th. Cowen boosted their price target on shares of Foot Locker from $46.00 to $56.00 and gave the stock a “market perform” rating in a research report on Monday, November 12th. Jefferies Financial Group set a $60.00 price target on shares of Foot Locker and gave the stock a “buy” rating in a research report on Thursday, September 27th. Canaccord Genuity set a $63.00 price target on shares of Foot Locker and gave the stock a “buy” rating in a research report on Monday, September 24th. Finally, Wells Fargo & Co raised shares of Foot Locker from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $50.00 to $58.00 in a research report on Monday, September 10th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seventeen have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $56.71.

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Foot Locker 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.

Further Reading: Using the New Google Finance Tool

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

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