Economy

Foot Locker, Inc. (FL) Lowered to Hold at ValuEngine

Pacer Advisors Inc. grew its position in shares of Foot Locker by 49.6% in the second quarter. (NYSE:FL) by 19.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). State of Tennessee Treasury Department owned about 0.07% of Foot Locker worth $4,696,000 at the end of the most recent quarter.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business.

Now the shares of Foot Locker, Inc. YorkBridge Wealth Partners has an ownership of 1,360 stocks of the athletic footwear retailer's shares valued $104,000 following purchasing an extra 213 stocks in the previous period. Somerset Trust Co raised its position in Foot Locker by 0.7% in the second quarter. Van ECK Associates Corp now owns 2,047 shares of the athletic footwear retailer's stock valued at $153,000 after purchasing an additional 109 shares during the last quarter. Numeric Investors LLC boosted its position in Foot Locker by 11.7% in the fourth quarter. Acrospire Investment Management has an ownership of 1,500 stocks of the athletic footwear retailer's shares valued $112,000 following purchasing an extra 500 stocks in the previous period. Strs Ohio increased its position in Foot Locker by 14.1% during the first quarter. Russell Investments Group Ltd. now owns 138,739 shares of the athletic footwear retailer's stock valued at $10,382,000 after acquiring an additional 8,617 shares during the last quarter.

Foot Locker, Inc is a retailer of shoes and apparel. Pacer Advisors Inc. now owns 2,630 shares of the athletic footwear retailer's stock worth $197,000 after acquiring an additional 88 shares in the last quarter. Credit Agricole S A has invested 0.2% in Foot Locker, Inc. "(NYSE:FL)" was first posted by TrueBlueTribune and is the property of of TrueBlueTribune.

ILLEGAL ACTIVITY NOTICE: "Buckingham Capital Management Inc".

While looking at the Stock's Performance, Foot Locker, Inc. now shows a Weekly Performance of -1.82%, where Monthly Performance is 1.95%, Quarterly performance is -30.36%, 6 Months performance is -52.28% and yearly performance percentage is -47.39%. Based on an average daily volume of 9,971,413 shares, the days-to-cover ratio is presently 1.2 days.

The Relative Volume of the company is 0.7 and Average Volume (3 months) is 4.98 million. The firm has a 50-day moving average of $40.67 and a 200-day moving average of $57.96. The firm has a market capitalization of $4.44 billion, a price-to-earnings ratio of 8.28 and a beta of 0.73.

Foot Locker (NYSE FL) opened at 36.26 on Friday. (FL) is 0.62 while the analysts predicted the EPS of the stock to be 0.9 suggesting the company fell short of the analysts' expectations. Citigroup Inc. lowered their price target on Foot Locker from $92.00 to $81.00 and set a "buy" rating for the company in a research report on Monday, May 22nd. Foot Locker had a net profit margin of 7.49% and a ROE of 21.52%. The company had Year Ago Sales of 1.89 Billion. The business's revenue was up 5.3% compared to the same quarter a year ago. The firm earned $2.11 billion during the quarter, compared to the consensus estimate of $2.12 billion.

The company also recently announced a quarterly dividend, which will be paid on Friday, October 27th. Investors of record on Friday, October 13th will be issued a $0.31 dividend. The ex-dividend date is Thursday, October 12th. This represents a $1.24 dividend on an annualized basis and a yield of 3.42%. Acrospire Investment Management raised its holdings in stocks of Foot Locker by 50.0% in the 1st period.

Several other equities research analysts also recently weighed in on the stock. Jefferies fixed a $80.00 target price on Foot Locker and issued the shares a "buy" recommendation in a study on Saturday, May 20th. Standpoint Research initiated coverage on Foot Locker in a report on Monday, June 12th. Brean Capital reaffirmed a buy rating and issued a $78.00 price target (up from $77.00) on shares of Foot Locker in a research note on Wednesday, February 22nd.

Some buy side analysts are also providing their Analysis on Foot Locker, Inc., where 5 analysts have rated the stock as Strong buy, 3 analysts have given a Buy signal, 13 said it's a HOLD, 1 reported it as Underperform. Lastly, Robert W. Baird cut Foot Locker from an "outperform" recommendation to a "neutral" recommendation in a study on Mon, Aug 21st. around three research experts recommended the company shares with a sell recommendation, fourteen have published a hold recommendation and twelve have issued a buy recommendation to The corporation. The Company's Athletic Stores segment is an athletic footwear and apparel retailer whose formats include Foot Locker, Lady Foot Locker, Kids Foot Locker, Champs Sports, Footaction, SIX:02, Runners Point Group, including Runners Point and Sidestep.



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