Pacer Advisors Inc. grew its stake in Foot Locker, Inc. (NYSE:FL – Get Rating) by 135.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,948 shares of the athletic footwear retailer’s stock after acquiring an additional 10,893 shares during the period. Pacer Advisors Inc.’s holdings in Foot Locker were worth $716,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also recently bought and sold shares of FL. Advisors Asset Management Inc. raised its position in Foot Locker by 68.3% in the 1st quarter. Advisors Asset Management Inc. now owns 1,336 shares of the athletic footwear retailer’s stock worth $40,000 after purchasing an additional 542 shares during the last quarter. Wipfli Financial Advisors LLC bought a new stake in shares of Foot Locker during the 3rd quarter valued at $42,000. Canada Pension Plan Investment Board raised its position in shares of Foot Locker by 659.5% during the 1st quarter. Canada Pension Plan Investment Board now owns 3,600 shares of the athletic footwear retailer’s stock valued at $107,000 after acquiring an additional 3,126 shares during the last quarter. Covestor Ltd raised its position in shares of Foot Locker by 184.8% during the 1st quarter. Covestor Ltd now owns 3,976 shares of the athletic footwear retailer’s stock valued at $118,000 after acquiring an additional 2,580 shares during the last quarter. Finally, Signaturefd LLC raised its position in shares of Foot Locker by 17.1% during the 3rd quarter. Signaturefd LLC now owns 4,143 shares of the athletic footwear retailer’s stock valued at $129,000 after acquiring an additional 606 shares during the last quarter. Institutional investors own 95.06% of the company’s stock.
Wall Street Analyst Weigh In
Several analysts have commented on FL shares. Wedbush reiterated a “neutral” rating on shares of Foot Locker in a research report on Tuesday, March 21st. Barclays dropped their target price on shares of Foot Locker from $43.00 to $42.00 in a research report on Tuesday. Credit Suisse Group reiterated an “outperform” rating and set a $62.00 target price on shares of Foot Locker in a research report on Tuesday, March 21st. Telsey Advisory Group upgraded shares of Foot Locker from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $39.00 to $50.00 in a research report on Thursday, March 16th. Finally, TD Securities upped their target price on shares of Foot Locker from $39.00 to $43.00 and gave the stock a “market perform” rating in a research note on Tuesday, March 21st. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Foot Locker presently has an average rating of “Hold” and an average target price of $44.25.
Foot Locker Stock Performance
Foot Locker (NYSE:FL – Get Rating) last issued its earnings results on Monday, March 20th. The athletic footwear retailer reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.45. Foot Locker had a net margin of 3.91% and a return on equity of 14.57%. The firm had revenue of $2.33 billion for the quarter, compared to analyst estimates of $2.14 billion. During the same quarter last year, the business posted $1.67 earnings per share. The company’s quarterly revenue was down .3% on a year-over-year basis. On average, equities analysts forecast that Foot Locker, Inc. will post 3.49 earnings per share for the current fiscal year.
Foot Locker Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, April 28th. Stockholders of record on Friday, April 14th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, April 13th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.93%. Foot Locker’s dividend payout ratio (DPR) is presently 44.82%.
About Foot Locker
Foot Locker, Inc engages in the retail of athletic shoes and apparel. The firm uses its omni-channel capabilities to bridge the digital world and physical stores, including order-in-store, buy online and pickup-in-store, and buy online and ship-from-store, as well as e-commerce. It operates through following segments: North America, EMEA (Europe, Middle East, and Africa, and Asia Pacific.
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