U S Global Investors Inc. Acquires Shares of 9,100 Foot Locker, Inc. (FL)

U S Global Investors Inc. acquired a new stake in Foot Locker, Inc. (NYSE:FL) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund acquired 9,100 shares of the athletic footwear retailer’s stock, valued at approximately $321,000.

Other institutional investors and hedge funds have also modified their holdings of the company. D.A. Davidson & CO. raised its position in Foot Locker by 50.3% in the 2nd quarter. D.A. Davidson & CO. now owns 2,133 shares of the athletic footwear retailer’s stock valued at $105,000 after purchasing an additional 714 shares during the last quarter. Smithfield Trust Co. raised its position in Foot Locker by 276.2% in the 3rd quarter. Smithfield Trust Co. now owns 3,198 shares of the athletic footwear retailer’s stock valued at $113,000 after purchasing an additional 2,348 shares during the last quarter. Assetmark Inc. raised its position in Foot Locker by 205.0% in the 3rd quarter. Assetmark Inc. now owns 3,834 shares of the athletic footwear retailer’s stock valued at $135,000 after purchasing an additional 2,577 shares during the last quarter. Penserra Capital Management LLC raised its position in Foot Locker by 13.0% in the 2nd quarter. Penserra Capital Management LLC now owns 3,016 shares of the athletic footwear retailer’s stock valued at $148,000 after purchasing an additional 348 shares during the last quarter. Finally, Exane Derivatives raised its position in Foot Locker by 110,475.0% in the 3rd quarter. Exane Derivatives now owns 4,423 shares of the athletic footwear retailer’s stock valued at $156,000 after purchasing an additional 4,419 shares during the last quarter. Hedge funds and other institutional investors own 88.08% of the company’s stock.

Shares of Foot Locker, Inc. (NYSE FL) traded down $0.62 during trading on Monday, hitting $44.35. The company had a trading volume of 146,389 shares, compared to its average volume of 3,590,076. The company has a current ratio of 4.41, a quick ratio of 2.09 and a debt-to-equity ratio of 0.05. Foot Locker, Inc. has a twelve month low of $28.42 and a twelve month high of $79.37. The firm has a market capitalization of $5,580.00, a PE ratio of 10.66, a PEG ratio of 2.21 and a beta of 0.84.

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

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 2nd. Investors of record on Friday, January 19th will be paid a dividend of $0.31 per share. The ex-dividend date of this dividend is Thursday, January 18th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.80%. Foot Locker’s dividend payout ratio (DPR) is presently 31.23%.

A number of equities research analysts have recently weighed in on FL shares. Jefferies Group set a $61.00 target price on Foot Locker and gave the stock a “buy” rating in a research report on Saturday, August 19th. Barclays restated a “buy” rating and set a $50.00 target price on shares of Foot Locker in a research report on Monday, August 21st. Buckingham Research restated a “buy” rating and set a $47.00 target price (down previously from $61.00) on shares of Foot Locker in a research report on Tuesday, August 22nd. ValuEngine upgraded Foot Locker from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Finally, Deutsche Bank upgraded Foot Locker from a “hold” rating to a “buy” rating and boosted their target price for the stock from $38.00 to $45.00 in a research report on Friday, November 17th. Two research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and eleven have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $52.27.

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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.

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

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