Gilman Hill Asset Management LLC Boosts Stock Holdings in Foot Locker, Inc. (NYSE:FL)

Gilman Hill Asset Management LLC grew its position in shares of Foot Locker, Inc. (NYSE:FLGet Rating) by 31.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 228,531 shares of the athletic footwear retailer’s stock after acquiring an additional 55,230 shares during the quarter. Foot Locker accounts for approximately 1.2% of Gilman Hill Asset Management LLC’s portfolio, making the stock its 28th largest holding. Gilman Hill Asset Management LLC owned about 0.24% of Foot Locker worth $5,770,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of FL. Gateway Investment Advisers LLC raised its stake in shares of Foot Locker by 1.5% during the 2nd quarter. Gateway Investment Advisers LLC now owns 112,268 shares of the athletic footwear retailer’s stock worth $2,835,000 after purchasing an additional 1,689 shares during the period. Bank of America Corp DE raised its stake in shares of Foot Locker by 29.9% during the 1st quarter. Bank of America Corp DE now owns 267,407 shares of the athletic footwear retailer’s stock worth $7,933,000 after purchasing an additional 61,535 shares during the period. Walleye Capital LLC raised its stake in shares of Foot Locker by 43.7% during the 1st quarter. Walleye Capital LLC now owns 40,590 shares of the athletic footwear retailer’s stock worth $1,204,000 after purchasing an additional 12,351 shares during the period. Advisory Services Network LLC bought a new stake in shares of Foot Locker during the 1st quarter worth $169,000. Finally, BNP Paribas Arbitrage SA raised its stake in shares of Foot Locker by 46.2% during the 1st quarter. BNP Paribas Arbitrage SA now owns 180,480 shares of the athletic footwear retailer’s stock worth $5,353,000 after purchasing an additional 57,058 shares during the period. 98.06% of the stock is owned by hedge funds and other institutional investors.

Foot Locker Stock Performance

Shares of FL traded down $1.29 during midday trading on Friday, reaching $34.70. 17,747 shares of the stock were exchanged, compared to its average volume of 2,195,037. The business’s 50-day moving average price is $33.05 and its 200 day moving average price is $30.80. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.46 and a quick ratio of 0.42. Foot Locker, Inc. has a twelve month low of $23.85 and a twelve month high of $57.76. The company has a market capitalization of $3.24 billion, a price-to-earnings ratio of 7.34, a PEG ratio of 0.27 and a beta of 1.23.

Foot Locker (NYSE:FLGet Rating) last posted its earnings results on Friday, August 19th. The athletic footwear retailer reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.35. Foot Locker had a return on equity of 19.33% and a net margin of 5.56%. The business had revenue of $2.07 billion for the quarter, compared to analysts’ expectations of $2.07 billion. During the same quarter in the previous year, the firm earned $2.21 earnings per share. The business’s revenue was down 9.2% compared to the same quarter last year. On average, sell-side analysts expect that Foot Locker, Inc. will post 4.38 EPS for the current fiscal year.

Foot Locker Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 28th. Investors of record on Friday, October 14th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, October 13th. This represents a $1.60 annualized dividend and a dividend yield of 4.61%. Foot Locker’s dividend payout ratio is currently 32.65%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on FL shares. Williams Trading upgraded Foot Locker from a “sell” rating to a “hold” rating in a research note on Monday, August 22nd. Credit Suisse Group lifted their target price on Foot Locker from $31.00 to $40.00 and gave the company a “neutral” rating in a report on Tuesday, August 23rd. William Blair raised Foot Locker to a “hold” rating and set a $29.00 price objective for the company in a report on Monday, August 22nd. Barclays raised Foot Locker from an “underweight” rating to an “equal weight” rating in a report on Monday, August 22nd. Finally, The Goldman Sachs Group boosted their price objective on Foot Locker from $28.00 to $37.00 and gave the stock a “neutral” rating in a report on Monday, August 22nd. Two research analysts have rated the stock with a sell rating, nineteen have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $41.70.

Foot Locker Profile

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Foot Locker, Inc, through its subsidiaries, operates as an athletic footwear and apparel retailer. The company engages in the retail of athletic footwear, apparel, accessories, equipment, and team licensed merchandise under the Foot Locker, Lady Foot Locker, Kids Foot Locker, Champs Sports, Eastbay, atmos, WSS, Footaction, and Sidestep brand names.

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

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