Commerzbank Aktiengesellschaft FI Acquires 59,725 Shares of Foot Locker, Inc. (FL)

Commerzbank Aktiengesellschaft FI raised its holdings in shares of Foot Locker, Inc. (NYSE:FL) by 900.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 66,357 shares of the athletic footwear retailer’s stock after acquiring an additional 59,725 shares during the period. Commerzbank Aktiengesellschaft FI owned about 0.05% of Foot Locker worth $2,337,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. D.A. Davidson & CO. grew its position in Foot Locker by 50.3% during the second quarter. D.A. Davidson & CO. now owns 2,133 shares of the athletic footwear retailer’s stock valued at $105,000 after acquiring an additional 714 shares during the last quarter. Penserra Capital Management LLC grew its position in Foot Locker by 13.0% during the second quarter. Penserra Capital Management LLC now owns 3,016 shares of the athletic footwear retailer’s stock valued at $148,000 after acquiring an additional 348 shares during the last quarter. Smithfield Trust Co. grew its position in Foot Locker by 276.2% during the third quarter. Smithfield Trust Co. now owns 3,198 shares of the athletic footwear retailer’s stock valued at $113,000 after acquiring an additional 2,348 shares during the last quarter. Assetmark Inc. grew its position in Foot Locker by 205.0% during the third quarter. Assetmark Inc. now owns 3,834 shares of the athletic footwear retailer’s stock valued at $135,000 after acquiring an additional 2,577 shares during the last quarter. Finally, Pacer Advisors Inc. grew its position in Foot Locker by 49.6% during the second quarter. Pacer Advisors Inc. now owns 3,935 shares of the athletic footwear retailer’s stock valued at $194,000 after acquiring an additional 1,305 shares during the last quarter. Institutional investors and hedge funds own 88.08% of the company’s stock.

A number of brokerages have commented on FL. Standpoint Research cut shares of Foot Locker from a “buy” rating to a “hold” rating and set a $66.00 price target on the stock. in a research report on Monday. ValuEngine upgraded shares of Foot Locker from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Canaccord Genuity set a $42.00 target price on shares of Foot Locker and gave the stock a “hold” rating in a report on Tuesday, November 21st. Buckingham Research raised their target price on shares of Foot Locker from $29.00 to $44.00 and gave the stock a “neutral” rating in a report on Monday, November 20th. Finally, Susquehanna Bancshares raised their target price on shares of Foot Locker from $37.00 to $50.00 and gave the stock a “positive” rating in a report on Monday, November 20th. Two research analysts have rated the stock with a sell rating, sixteen have given a hold rating and eleven have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $53.26.

Foot Locker, Inc. (FL) traded down $2.36 during trading hours on Wednesday, reaching $43.40. 5,042,600 shares of the company traded hands, compared to its average volume of 3,583,530. The company has a market capitalization of $5,674.13, a PE ratio of 10.84, a P/E/G ratio of 2.25 and a beta of 0.84. Foot Locker, Inc. has a twelve month low of $28.42 and a twelve month high of $79.43. The company has a current ratio of 4.39, a quick ratio of 2.08 and a debt-to-equity ratio of 0.05.

Foot Locker (NYSE:FL) last released its quarterly earnings results on Friday, November 17th. The athletic footwear retailer reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.07. The business had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.82 billion. Foot Locker had a net margin of 6.79% and a return on equity of 19.96%. The firm’s revenue for the quarter was down .8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.13 earnings per share. analysts predict that Foot Locker, Inc. will post 4.07 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, February 2nd. Investors of record on Friday, January 19th will be issued a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 2.86%. The ex-dividend date is Thursday, January 18th. Foot Locker’s dividend payout ratio (DPR) is currently 31.16%.

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Foot Locker 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.

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

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