CSat Investment Advisory L.P. Acquires 953 Shares of Foot Locker, Inc. (NYSE:FL)

CSat Investment Advisory L.P. grew its holdings in shares of Foot Locker, Inc. (NYSE:FL) by 134.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,662 shares of the athletic footwear retailer’s stock after purchasing an additional 953 shares during the period. CSat Investment Advisory L.P.’s holdings in Foot Locker were worth $70,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Point72 Hong Kong Ltd acquired a new stake in Foot Locker in the second quarter worth $475,000. Cubist Systematic Strategies LLC grew its holdings in Foot Locker by 416.2% in the second quarter. Cubist Systematic Strategies LLC now owns 85,367 shares of the athletic footwear retailer’s stock worth $3,579,000 after purchasing an additional 68,831 shares during the period. Nelson Van Denburg & Campbell Wealth Management Group LLC lifted its stake in shares of Foot Locker by 47.9% in the second quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 3,320 shares of the athletic footwear retailer’s stock valued at $139,000 after buying an additional 1,075 shares in the last quarter. AQR Capital Management LLC lifted its stake in shares of Foot Locker by 13.7% in the second quarter. AQR Capital Management LLC now owns 7,277,992 shares of the athletic footwear retailer’s stock valued at $304,803,000 after buying an additional 878,954 shares in the last quarter. Finally, Invesco Ltd. lifted its position in shares of Foot Locker by 16.3% during the second quarter. Invesco Ltd. now owns 1,804,313 shares of the athletic footwear retailer’s stock valued at $75,638,000 after purchasing an additional 253,538 shares in the last quarter. Hedge funds and other institutional investors own 97.73% of the company’s stock.

Shares of NYSE:FL opened at $40.95 on Wednesday. The company has a current ratio of 1.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.14. Foot Locker, Inc. has a 1 year low of $33.12 and a 1 year high of $68.00. The business has a fifty day simple moving average of $38.87 and a 200 day simple moving average of $47.79. The firm has a market cap of $4.26 billion, a price-to-earnings ratio of 8.69, a P/E/G ratio of 0.83 and a beta of 0.95.



Foot Locker (NYSE:FL) last announced its quarterly earnings data on Friday, August 23rd. The athletic footwear retailer reported $0.66 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.66. Foot Locker had a return on equity of 21.05% and a net margin of 6.51%. The business had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.83 billion. During the same period last year, the company earned $0.75 earnings per share. Foot Locker’s quarterly revenue was down .4% compared to the same quarter last year. On average, sell-side analysts forecast that Foot Locker, Inc. will post 4.94 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Friday, October 18th will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 3.71%. The ex-dividend date is Thursday, October 17th. Foot Locker’s payout ratio is 32.27%.

A number of research firms recently weighed in on FL. Bank of America set a $33.00 price target on shares of Foot Locker and gave the company a “sell” rating in a research report on Friday, August 23rd. Citigroup lowered their price objective on shares of Foot Locker from $50.00 to $37.00 and set a “neutral” rating for the company in a report on Monday, August 26th. Pivotal Research set a $50.00 target price on shares of Foot Locker and gave the stock a “buy” rating in a research report on Monday, August 26th. Susquehanna Bancshares downgraded shares of Foot Locker from a “positive” rating to a “neutral” rating and cut their price objective for the company from $46.00 to $39.00 in a research report on Monday, August 26th. Finally, Piper Jaffray Companies set a $33.00 price objective on shares of Foot Locker and gave the company a “hold” rating in a report on Friday, August 23rd. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the company. Foot Locker presently has an average rating of “Buy” and a consensus target price of $55.60.

In other Foot Locker news, Director Matthew M. Mckenna sold 7,000 shares of the stock in a transaction on Friday, August 9th. The shares were sold at an average price of $40.53, for a total transaction of $283,710.00. Following the transaction, the director now directly owns 26,862 shares of the company’s stock, valued at $1,088,716.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.40% of the company’s stock.

Foot Locker Company Profile

Foot Locker, Inc, through its subsidiaries, operates as an athletic shoes and apparel retailer. The company operates in two segments, Athletic Stores and Direct-to-Customers. The Athletic Stores segment retails athletic footwear, apparel, accessories, and equipment under various formats, including Foot Locker, Kids Foot Locker, Lady Foot Locker, Champs Sports, Footaction, Runners Point, Sidestep, and SIX:02.

See Also: Return on Investment (ROI)

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

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