OxFORD Asset Management LLP Takes Position in Foot Locker, Inc. (FL)

OxFORD Asset Management LLP purchased a new stake in shares of Foot Locker, Inc. (NYSE:FL) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 22,184 shares of the athletic footwear retailer’s stock, valued at approximately $1,093,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Alps Advisors Inc. boosted its position in Foot Locker by 0.3% during the second quarter. Alps Advisors Inc. now owns 6,312 shares of the athletic footwear retailer’s stock valued at $311,000 after purchasing an additional 17 shares during the last quarter. Somerset Trust Co boosted its position in Foot Locker by 0.7% during the second quarter. Somerset Trust Co now owns 6,100 shares of the athletic footwear retailer’s stock valued at $300,000 after purchasing an additional 41 shares during the last quarter. Honkamp Krueger Financial Services Inc. boosted its position in Foot Locker by 0.4% during the second quarter. Honkamp Krueger Financial Services Inc. now owns 14,090 shares of the athletic footwear retailer’s stock valued at $694,000 after purchasing an additional 61 shares during the last quarter. Pacer Advisors Inc. boosted its position in Foot Locker by 3.5% during the first quarter. Pacer Advisors Inc. now owns 2,630 shares of the athletic footwear retailer’s stock valued at $197,000 after purchasing an additional 88 shares during the last quarter. Finally, Van ECK Associates Corp boosted its position in Foot Locker by 5.6% during the first 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. 96.76% of the stock is owned by hedge funds and other institutional investors.

Foot Locker, Inc. (NYSE FL) opened at 31.43 on Friday. The firm’s 50-day moving average price is $34.99 and its 200-day moving average price is $52.93. Foot Locker, Inc. has a 1-year low of $31.38 and a 1-year high of $79.43. The company has a market cap of $3.90 billion, a price-to-earnings ratio of 7.26 and a beta of 0.72.

Foot Locker (NYSE:FL) last issued its earnings results on Friday, August 18th. The athletic footwear retailer reported $0.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.28). Foot Locker had a net margin of 7.49% and a return on equity of 21.52%. The business had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.80 billion. During the same period in the previous year, the firm earned $0.94 EPS. The company’s revenue was down 4.4% compared to the same quarter last year. Equities research analysts forecast that Foot Locker, Inc. will post $3.97 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 27th. Shareholders of record on Friday, October 13th will be issued a dividend of $0.31 per share. The ex-dividend date is Thursday, October 12th. This represents a $1.24 dividend on an annualized basis and a yield of 3.95%. Foot Locker’s payout ratio is 28.57%.

Several research analysts recently commented on the company. Morgan Stanley raised Foot Locker from an “equal weight” rating to an “overweight” rating and reduced their price target for the company from $70.00 to $65.00 in a research report on Tuesday, August 8th. Canaccord Genuity cut Foot Locker from a “buy” rating to a “hold” rating in a research report on Friday, August 18th. TheStreet cut Foot Locker from a “b-” rating to a “c+” rating in a research report on Friday, June 30th. FBR & Co reaffirmed a “hold” rating on shares of Foot Locker in a research report on Monday, August 21st. Finally, J P Morgan Chase & Co cut Foot Locker from an “overweight” rating to a “neutral” rating in a research report on Friday, August 18th. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $64.38.

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Foot Locker Company Profile

Foot Locker, Inc is a retailer of shoes and apparel. The Company operates through two segments: Athletic Stores and Direct-to-Customers. The Company is an athletic footwear and apparel retailer, which include businesses, such as include Foot Locker, Kids Foot Locker, Lady Foot Locker, Champs Sports, Footaction, Runners Point, Sidestep and SIX:02.

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

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