ProShare Advisors LLC Reduces Holdings in Foot Locker, Inc. (NYSE:FL)

ProShare Advisors LLC lowered its position in Foot Locker, Inc. (NYSE:FL) by 7.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,214 shares of the athletic footwear retailer’s stock after selling 1,216 shares during the period. ProShare Advisors LLC’s holdings in Foot Locker were worth $564,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of FL. Belpointe Asset Management LLC acquired a new position in Foot Locker in the fourth quarter valued at approximately $39,000. Advisors Asset Management Inc. raised its stake in shares of Foot Locker by 68.3% during the 1st quarter. Advisors Asset Management Inc. now owns 1,336 shares of the athletic footwear retailer’s stock worth $40,000 after buying an additional 542 shares during the period. Parkside Financial Bank & Trust raised its stake in shares of Foot Locker by 73.9% during the 1st quarter. Parkside Financial Bank & Trust now owns 1,337 shares of the athletic footwear retailer’s stock worth $53,000 after buying an additional 568 shares during the period. Robeco Institutional Asset Management B.V. acquired a new position in shares of Foot Locker during the 1st quarter worth approximately $66,000. Finally, Canada Pension Plan Investment Board raised its stake in shares of Foot Locker by 659.5% during the 1st quarter. Canada Pension Plan Investment Board now owns 3,600 shares of the athletic footwear retailer’s stock worth $107,000 after buying an additional 3,126 shares during the period.

Foot Locker Stock Performance

Shares of NYSE FL opened at $18.58 on Friday. 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 capitalization of $1.75 billion, a price-to-earnings ratio of 12.07 and a beta of 1.28. The stock’s fifty day simple moving average is $24.00 and its 200 day simple moving average is $32.17. Foot Locker, Inc. has a 52-week low of $14.84 and a 52-week high of $47.22.

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

Foot Locker Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 27th. Investors of record on Friday, October 13th will be given a dividend of $0.40 per share. The ex-dividend date is Thursday, October 12th. This represents a $1.60 annualized dividend and a dividend yield of 8.61%. Foot Locker’s dividend payout ratio is presently 103.90%.

Analyst Upgrades and Downgrades

FL has been the subject of several research analyst reports. UBS Group reduced their target price on Foot Locker from $22.00 to $11.00 and set a “sell” rating for the company in a research note on Thursday, August 24th. Guggenheim reduced their price objective on Foot Locker from $50.00 to $23.00 and set a “buy” rating for the company in a research note on Thursday, August 24th. Evercore ISI reduced their price objective on Foot Locker from $45.00 to $30.00 and set an “outperform” rating for the company in a research note on Thursday, August 24th. Telsey Advisory Group reduced their price objective on Foot Locker from $36.00 to $22.00 and set an “outperform” rating for the company in a research note on Thursday, August 24th. Finally, Robert W. Baird dropped their target price on Foot Locker from $25.00 to $17.00 and set a “neutral” rating for the company in a report on Thursday, August 24th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, Foot Locker has an average rating of “Hold” and an average price target of $27.83.

Foot Locker Profile

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.