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Feb 10, 2024

Foot Locker, Inc. (NYSE:FL) Stock Holdings Lowered by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC lessened its stake in Foot Locker, Inc. (NYSE:FL - Free Report) by 71.6% in the first quarter, according to its most recent filing with the Securities & Exchange

Tower Research Capital LLC TRC lessened its stake in Foot Locker, Inc. (NYSE:FL - Free Report) by 71.6% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,612 shares of the athletic footwear retailer's stock after selling 9,110 shares during the period. Tower Research Capital LLC TRC's holdings in Foot Locker were worth $144,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Envestnet Asset Management Inc. grew its position in Foot Locker by 2.6% in the 4th quarter. Envestnet Asset Management Inc. now owns 10,853 shares of the athletic footwear retailer's stock valued at $410,000 after buying an additional 279 shares in the last quarter. Arizona State Retirement System grew its position in Foot Locker by 1.4% in the 1st quarter. Arizona State Retirement System now owns 24,331 shares of the athletic footwear retailer's stock valued at $966,000 after buying an additional 330 shares in the last quarter. Amalgamated Bank grew its position in Foot Locker by 0.6% in the 4th quarter. Amalgamated Bank now owns 53,747 shares of the athletic footwear retailer's stock valued at $2,031,000 after buying an additional 331 shares in the last quarter. Sei Investments Co. grew its position in Foot Locker by 0.6% in the 4th quarter. Sei Investments Co. now owns 57,195 shares of the athletic footwear retailer's stock valued at $2,161,000 after buying an additional 336 shares in the last quarter. Finally, ETF Managers Group LLC grew its position in Foot Locker by 1.5% in the 1st quarter. ETF Managers Group LLC now owns 25,067 shares of the athletic footwear retailer's stock valued at $995,000 after buying an additional 374 shares in the last quarter.

Several research firms have recently weighed in on FL. BTIG Research reduced their price objective on shares of Foot Locker from $42.00 to $35.00 and set a "buy" rating for the company in a research report on Thursday, August 17th. Bank of America reduced their price objective on shares of Foot Locker from $29.00 to $18.00 and set a "neutral" rating for the company in a research report on Thursday, August 24th. TheStreet lowered shares of Foot Locker from a "b-" rating to a "c+" rating in a research report on Tuesday, June 6th. The Goldman Sachs Group reduced their price objective on shares of Foot Locker from $27.00 to $18.00 and set a "neutral" rating for the company in a research report on Thursday, August 24th. Finally, Williams Trading upgraded shares of Foot Locker from a "sell" rating to a "hold" rating in a research report on Thursday, August 17th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $27.83.

Read Our Latest Stock Analysis on FL

NYSE FL opened at $18.55 on Thursday. The company has a 50 day simple moving average of $24.86 and a 200-day simple moving average of $33.14. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.63 and a quick ratio of 0.37. The firm has a market capitalization of $1.74 billion, a price-to-earnings ratio of 12.04 and a beta of 1.24. Foot Locker, Inc. has a 52-week low of $14.84 and a 52-week high of $47.22.

Foot Locker (NYSE:FL - Get Free Report) last posted its quarterly earnings results on Wednesday, August 23rd. The athletic footwear retailer reported $0.04 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.04. The business had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.88 billion. Foot Locker had a net margin of 1.76% and a return on equity of 8.65%. The firm's revenue was down 9.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.10 earnings per share. Equities research analysts predict that Foot Locker, Inc. will post 1.36 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 27th. Investors of record on Friday, October 13th will be issued a $0.40 dividend. The ex-dividend date is Thursday, October 12th. This represents a $1.60 dividend on an annualized basis and a yield of 8.63%. Foot Locker's dividend payout ratio is currently 103.90%.

Foot Locker, Inc, through its subsidiaries, operates as a footwear and apparel retailer in North America, Europe, Australia, New Zealand, Asia, and the Middle East. Its brand portfolio includes Foot Locker, a youth culture brand comprising sneakers and apparel; Kids Foot Locker, which offers athletic footwear, apparel, and accessories for children; and Champs Sports that operates as a mall-based specialty athletic footwear and apparel retailer.

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