Stevens Capital Management LP lessened its holdings in shares of Foot Locker, Inc. (NYSE:FL) by 61.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 61,547 shares of the athletic footwear retailer’s stock after selling 98,782 shares during the period. Stevens Capital Management LP owned 0.06% of Foot Locker worth $2,580,000 as of its most recent filing with the SEC.
Several other large investors have also modified their holdings of FL. Bremer Bank National Association bought a new stake in Foot Locker in the first quarter valued at $26,000. CWM LLC increased its stake in Foot Locker by 264.1% in the first quarter. CWM LLC now owns 477 shares of the athletic footwear retailer’s stock valued at $29,000 after purchasing an additional 346 shares in the last quarter. Investors Research Corp bought a new stake in Foot Locker in the first quarter valued at $30,000. Psagot Investment House Ltd. bought a new stake in shares of Foot Locker during the second quarter worth about $30,000. Finally, Mckinley Capital Management LLC Delaware bought a new stake in shares of Foot Locker during the first quarter worth about $33,000. Institutional investors own 99.53% of the company’s stock.
FL has been the subject of several recent research reports. ValuEngine downgraded shares of Foot Locker from a “hold” rating to a “sell” rating in a research report on Friday, May 24th. Morgan Stanley raised shares of Foot Locker from an “underweight” rating to an “equal weight” rating and set a $40.00 target price for the company in a research report on Thursday, August 8th. Canaccord Genuity decreased their target price on shares of Foot Locker from $82.00 to $81.00 and set a “buy” rating for the company in a research report on Friday, May 24th. TheStreet downgraded shares of Foot Locker from a “b-” rating to a “c+” rating in a research report on Monday, June 17th. Finally, Deutsche Bank decreased their target price on shares of Foot Locker from $82.00 to $68.00 and set a “buy” rating for the company in a research report on Tuesday, May 28th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and fifteen have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $67.72.
Foot Locker (NYSE:FL) last released its earnings results on Friday, May 24th. The athletic footwear retailer reported $1.53 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.61 by ($0.08). The company had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $2.11 billion. Foot Locker had a net margin of 6.86% and a return on equity of 21.75%. The firm’s revenue was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.45 earnings per share. Analysts anticipate that Foot Locker, Inc. will post 5.02 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, August 2nd. Shareholders of record on Friday, July 19th were paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 4.02%. The ex-dividend date of this dividend was Thursday, July 18th. Foot Locker’s payout ratio is 32.27%.
In other Foot Locker news, Director Matthew M. Mckenna sold 7,000 shares of the business’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $40.53, for a total value of $283,710.00. Following the transaction, the director now directly owns 26,862 shares in the company, valued at $1,088,716.86. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 2.40% of the stock is owned by insiders.
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.
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