Pictet Asset Management SA Sells 1,256 Shares of Foot Locker, Inc. (NYSE:FL)

Pictet Asset Management SA lessened its position in shares of Foot Locker, Inc. (NYSE:FL) by 11.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,819 shares of the athletic footwear retailer’s stock after selling 1,256 shares during the period. Pictet Asset Management SA’s holdings in Foot Locker were worth $390,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Envestnet Asset Management Inc. lifted its holdings in shares of Foot Locker by 2.6% during the 4th quarter. Envestnet Asset Management Inc. now owns 10,853 shares of the athletic footwear retailer’s stock worth $410,000 after acquiring an additional 279 shares during the period. Arizona State Retirement System lifted its holdings in shares of Foot Locker by 1.4% during the 1st quarter. Arizona State Retirement System now owns 24,331 shares of the athletic footwear retailer’s stock worth $966,000 after acquiring an additional 330 shares during the period. Amalgamated Bank lifted its holdings in shares of Foot Locker by 0.6% during the 4th quarter. Amalgamated Bank now owns 53,747 shares of the athletic footwear retailer’s stock worth $2,031,000 after acquiring an additional 331 shares during the period. Sei Investments Co. lifted its holdings in shares of Foot Locker by 0.6% during the 4th quarter. Sei Investments Co. now owns 57,195 shares of the athletic footwear retailer’s stock worth $2,161,000 after acquiring an additional 336 shares during the period. Finally, ETF Managers Group LLC lifted its holdings in shares of Foot Locker by 1.5% during the 1st quarter. ETF Managers Group LLC now owns 25,067 shares of the athletic footwear retailer’s stock worth $995,000 after acquiring an additional 374 shares during the period.

Analysts Set New Price Targets

FL has been the subject of several research reports. Robert W. Baird dropped their price objective on shares of Foot Locker from $25.00 to $17.00 and set a “neutral” rating for the company in a research note on Thursday, August 24th. Bank of America dropped 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 note on Thursday, August 24th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Foot Locker from $42.00 to $28.00 in a research note on Monday, May 22nd. Barclays dropped their price target on shares of Foot Locker from $31.00 to $17.00 and set an “equal weight” rating for the company in a research note on Thursday, August 24th. Finally, Guggenheim dropped their price target on shares of Foot Locker from $50.00 to $23.00 and set a “buy” rating for the company in a research note on Thursday, August 24th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $27.83.

Foot Locker Trading Up 7.6 %

FL opened at $18.52 on Tuesday. The company has a quick ratio of 0.37, a current ratio of 1.63 and a debt-to-equity ratio of 0.14. The stock has a market cap of $1.74 billion, a PE ratio of 12.03 and a beta of 1.24. The company has a fifty day moving average of $25.19 and a 200-day moving average of $33.43. Foot Locker, Inc. has a twelve month low of $14.84 and a twelve month high of $47.22.

Foot Locker (NYSE:FL) last posted its quarterly earnings results on Wednesday, August 23rd. The athletic footwear retailer reported $0.04 EPS for the quarter, hitting analysts’ consensus estimates of $0.04. The business had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.88 billion. Foot Locker had a net margin of 1.76% and a return on equity of 8.65%. The business’s quarterly revenue was down 9.9% on a year-over-year basis. During the same period last year, the company posted $1.10 earnings per share. On average, sell-side analysts predict that Foot Locker, Inc. will post 1.36 EPS for the current year.

Foot Locker Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 27th. Shareholders of record on Friday, October 13th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 8.64%. The ex-dividend date of this dividend is Thursday, October 12th. Foot Locker’s payout ratio is 103.90%.

About Foot Locker

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.