Harel Insurance Investments & Financial Services Ltd. Makes New Investment in Foot Locker, Inc. (NYSE:FL)

Share on StockTwits

Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of Foot Locker, Inc. (NYSE:FL) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 15,111 shares of the athletic footwear retailer’s stock, valued at approximately $652,000.

A number of other hedge funds also recently made changes to their positions in FL. Amundi Pioneer Asset Management Inc. lifted its position in shares of Foot Locker by 192.6% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 152,402 shares of the athletic footwear retailer’s stock worth $9,235,000 after buying an additional 100,318 shares during the last quarter. Empirical Finance LLC lifted its position in shares of Foot Locker by 0.9% in the 2nd quarter. Empirical Finance LLC now owns 48,871 shares of the athletic footwear retailer’s stock worth $2,049,000 after buying an additional 433 shares during the last quarter. Empowered Funds LLC lifted its position in shares of Foot Locker by 31.9% in the 2nd quarter. Empowered Funds LLC now owns 53,157 shares of the athletic footwear retailer’s stock worth $2,228,000 after buying an additional 12,862 shares during the last quarter. Smithbridge Asset Management Inc. DE lifted its position in shares of Foot Locker by 109.7% in the 2nd quarter. Smithbridge Asset Management Inc. DE now owns 44,142 shares of the athletic footwear retailer’s stock worth $1,850,000 after buying an additional 23,090 shares during the last quarter. Finally, New England Research & Management Inc. bought a new position in shares of Foot Locker in the 2nd quarter worth about $902,000. 97.90% of the stock is owned by institutional investors.

A number of research analysts have recently issued reports on the stock. Pivotal Research set a $50.00 price target on shares of Foot Locker and gave the stock a “buy” rating in a research report on Monday, August 26th. ValuEngine upgraded shares of Foot Locker from a “strong sell” rating to a “sell” rating in a research report on Friday, October 4th. B. Riley reduced their price target on shares of Foot Locker from $62.00 to $60.00 and set a “buy” rating on the stock in a research report on Monday, August 26th. Bank of America set a $33.00 price objective on shares of Foot Locker and gave the company a “sell” rating in a research report on Friday, August 23rd. Finally, Raymond James assumed coverage on shares of Foot Locker in a research report on Tuesday, November 5th. They issued an “outperform” rating and a $70.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and fifteen have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $57.05.

NYSE:FL traded down $0.83 during mid-day trading on Tuesday, hitting $45.37. The stock had a trading volume of 1,829,601 shares, compared to its average volume of 3,162,027. The stock has a market capitalization of $4.99 billion, a price-to-earnings ratio of 9.63, a P/E/G ratio of 0.97 and a beta of 0.98. The company has a 50 day simple moving average of $43.36 and a 200-day simple moving average of $43.76. Foot Locker, Inc. has a 52 week low of $33.12 and a 52 week high of $68.00. The company has a current ratio of 1.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.14.

Foot Locker (NYSE:FL) last issued its quarterly earnings data on Friday, August 23rd. The athletic footwear retailer reported $0.66 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.66. Foot Locker had a net margin of 6.51% and a return on equity of 21.05%. The firm had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.83 billion. During the same period last year, the firm posted $0.75 EPS. Foot Locker’s quarterly revenue was down .4% compared to the same quarter last year. As a group, equities research analysts anticipate that Foot Locker, Inc. will post 4.93 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Friday, October 18th were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Thursday, October 17th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.35%. Foot Locker’s dividend payout ratio (DPR) is 32.27%.

About Foot Locker

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.

Featured Article: How do candlesticks reflect price movement?

Want to see what other hedge funds are holding FL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Foot Locker, Inc. (NYSE:FL).

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

Receive News & Ratings for Foot Locker Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Foot Locker and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2019 BBNS.