Foot Locker, Inc. (FL) Holdings Trimmed by Principal Financial Group Inc.

Principal Financial Group Inc. decreased its position in shares of Foot Locker, Inc. (NYSE:FL) by 3.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 202,121 shares of the athletic footwear retailer’s stock after selling 8,219 shares during the quarter. Principal Financial Group Inc. owned 0.16% of Foot Locker worth $7,118,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Janus Henderson Group PLC lifted its holdings in shares of Foot Locker by 1,291.0% during the second quarter. Janus Henderson Group PLC now owns 203,991 shares of the athletic footwear retailer’s stock worth $10,053,000 after purchasing an additional 189,326 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Foot Locker by 10.4% during the second quarter. Dimensional Fund Advisors LP now owns 971,685 shares of the athletic footwear retailer’s stock worth $47,882,000 after purchasing an additional 91,716 shares during the period. Tobam lifted its holdings in shares of Foot Locker by 47.1% during the second quarter. Tobam now owns 428,449 shares of the athletic footwear retailer’s stock worth $21,114,000 after purchasing an additional 137,206 shares during the period. Bridgewater Associates LP lifted its holdings in shares of Foot Locker by 158.1% during the second quarter. Bridgewater Associates LP now owns 228,939 shares of the athletic footwear retailer’s stock worth $11,282,000 after purchasing an additional 140,253 shares during the period. Finally, Sentry Investment Management LLC lifted its holdings in shares of Foot Locker by 131.7% during the second quarter. Sentry Investment Management LLC now owns 10,579 shares of the athletic footwear retailer’s stock worth $521,000 after purchasing an additional 6,014 shares during the period. 88.08% of the stock is owned by hedge funds and other institutional investors.

Several research analysts recently weighed in on FL shares. Deutsche Bank upgraded Foot Locker from a “hold” rating to a “buy” rating and lifted their price target for the company from $38.00 to $45.00 in a research report on Friday, November 17th. ValuEngine cut Foot Locker from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Morgan Stanley reiterated an “overweight” rating and set a $50.00 price target (down from $65.00) on shares of Foot Locker in a research report on Tuesday, August 29th. Piper Jaffray Companies set a $35.00 price target on Foot Locker and gave the company a “hold” rating in a research report on Tuesday, November 14th. Finally, Oppenheimer reiterated a “hold” rating on shares of Foot Locker in a research report on Tuesday, August 15th. Two investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and eleven have issued a buy rating to the stock. Foot Locker has an average rating of “Hold” and an average target price of $52.27.

Shares of Foot Locker, Inc. (FL) opened at $43.22 on Friday. The company has a market capitalization of $5,360.00, a P/E ratio of 10.15, a PEG ratio of 2.10 and a beta of 0.84. Foot Locker, Inc. has a 12-month low of $28.42 and a 12-month high of $79.43. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.39 and a quick ratio of 2.08.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 2nd. Stockholders of record on Friday, January 19th will be given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.87%. The ex-dividend date of this dividend is Thursday, January 18th. Foot Locker’s dividend payout ratio (DPR) is presently 31.23%.

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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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