Royal London Asset Management Ltd. Has $2.36 Million Position in Foot Locker, Inc. (FL)

Royal London Asset Management Ltd. cut its stake in shares of Foot Locker, Inc. (NYSE:FL) by 8.3% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 46,281 shares of the athletic footwear retailer’s stock after selling 4,197 shares during the period. Royal London Asset Management Ltd.’s holdings in Foot Locker were worth $2,360,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FL. Investec Asset Management LTD increased its stake in Foot Locker by 2.1% during the second quarter. Investec Asset Management LTD now owns 3,287,156 shares of the athletic footwear retailer’s stock worth $173,069,000 after acquiring an additional 67,060 shares during the last quarter. LSV Asset Management increased its stake in Foot Locker by 54.4% during the third quarter. LSV Asset Management now owns 2,909,051 shares of the athletic footwear retailer’s stock worth $148,303,000 after acquiring an additional 1,025,218 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Foot Locker by 26.6% during the second quarter. Dimensional Fund Advisors LP now owns 2,157,573 shares of the athletic footwear retailer’s stock worth $113,606,000 after acquiring an additional 453,209 shares during the last quarter. Prudential Financial Inc. increased its stake in Foot Locker by 68.2% during the third quarter. Prudential Financial Inc. now owns 1,937,520 shares of the athletic footwear retailer’s stock worth $98,775,000 after acquiring an additional 785,683 shares during the last quarter. Finally, Northern Trust Corp increased its stake in Foot Locker by 2.1% during the second quarter. Northern Trust Corp now owns 1,762,660 shares of the athletic footwear retailer’s stock worth $92,804,000 after acquiring an additional 36,981 shares during the last quarter.

FL opened at $52.96 on Monday. The company has a market cap of $6.08 billion, a PE ratio of 12.89, a price-to-earnings-growth ratio of 1.64 and a beta of 0.84. Foot Locker, Inc. has a one year low of $38.17 and a one year high of $59.40. The company has a current ratio of 3.42, a quick ratio of 1.54 and a debt-to-equity ratio of 0.05.

Foot Locker (NYSE:FL) last announced its quarterly earnings results on Tuesday, November 20th. The athletic footwear retailer reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.03. The firm had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.86 billion. Foot Locker had a return on equity of 21.01% and a net margin of 4.24%. Foot Locker’s quarterly revenue was down .5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.87 earnings per share. As a group, equities research analysts predict that Foot Locker, Inc. will post 4.51 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, February 1st. Investors of record on Friday, January 18th will be issued a $0.345 dividend. The ex-dividend date is Thursday, January 17th. This represents a $1.38 dividend on an annualized basis and a dividend yield of 2.61%. Foot Locker’s payout ratio is 33.58%.

Several equities research analysts have weighed in on the company. Citigroup boosted their price objective on Foot Locker from $60.00 to $63.00 and gave the stock a “buy” rating in a research note on Wednesday, November 21st. Credit Suisse Group boosted their price objective on Foot Locker from $56.00 to $63.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 21st. Morgan Stanley set a $44.00 price objective on Foot Locker and gave the stock a “sell” rating in a research note on Wednesday, November 21st. TheStreet raised Foot Locker from a “c” rating to a “b-” rating in a research note on Tuesday, November 20th. Finally, Cowen set a $56.00 price objective on Foot Locker and gave the stock a “hold” rating in a research note on Wednesday, November 21st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and sixteen have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $58.91.

In related news, Director Matthew M. Mckenna sold 7,000 shares of the business’s stock in a transaction that occurred on Monday, November 19th. The stock was sold at an average price of $50.81, for a total value of $355,670.00. Following the completion of the sale, the director now owns 30,459 shares in the company, valued at $1,547,621.79. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.10% of the stock is currently owned by insiders.

ILLEGAL ACTIVITY WARNING: This piece of content was first posted by WKRB News and is the property of of WKRB News. If you are viewing this piece of content on another website, it was illegally copied and reposted in violation of international copyright laws. The original version of this piece of content can be accessed at https://www.wkrb13.com/2018/11/26/royal-london-asset-management-ltd-has-2-36-million-position-in-foot-locker-inc-fl.html.

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.

Further Reading: Understanding Compound Annual Growth Rate (CAGR)

Want to see what other hedge funds are holding FL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Foot Locker, Inc. (NYSE:FL).

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

Receive News & Ratings for Foot Locker Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Foot Locker and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply