Montag A & Associates Inc. bought a new stake in shares of Foot Locker, Inc. (NYSE:FL) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 96,625 shares of the athletic footwear retailer’s stock, valued at approximately $4,530,000. Montag A & Associates Inc. owned 0.08% of Foot Locker at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. CenterStar Asset Management LLC bought a new position in shares of Foot Locker in the fourth quarter worth approximately $138,000. Smithfield Trust Co. boosted its position in shares of Foot Locker by 276.2% in the third quarter. Smithfield Trust Co. now owns 3,198 shares of the athletic footwear retailer’s stock worth $113,000 after purchasing an additional 2,348 shares during the period. Assetmark Inc. boosted its position in shares of Foot Locker by 205.0% in the third quarter. Assetmark Inc. now owns 3,834 shares of the athletic footwear retailer’s stock worth $135,000 after purchasing an additional 2,577 shares during the period. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of Foot Locker in the fourth quarter worth approximately $188,000. Finally, Exane Derivatives boosted its position in shares of Foot Locker by 110,475.0% in the third quarter. Exane Derivatives now owns 4,423 shares of the athletic footwear retailer’s stock worth $156,000 after purchasing an additional 4,419 shares during the period. Institutional investors and hedge funds own 89.78% of the company’s stock.
In other news, SVP Giovanna Cipriano sold 21,000 shares of the stock in a transaction on Friday, January 19th. The shares were sold at an average price of $50.05, for a total value of $1,051,050.00. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Richard A. Johnson sold 25,000 shares of the stock in a transaction on Friday, January 19th. The shares were sold at an average price of $50.05, for a total transaction of $1,251,250.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 56,899 shares of company stock worth $2,801,692. 2.90% of the stock is owned by insiders.
A number of equities analysts have weighed in on the stock. Pivotal Research assumed coverage on shares of Foot Locker in a research report on Thursday, January 25th. They issued a “buy” rating and a $65.00 price target for the company. Wedbush restated an “outperform” rating and set a $59.00 target price (up previously from $52.00) on shares of Foot Locker in a research report on Thursday, January 25th. Barclays upped their target price on shares of Foot Locker from $55.00 to $60.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 30th. Oppenheimer upgraded shares of Foot Locker from a “market perform” rating to an “outperform” rating and set a $70.00 target price for the company in a research report on Wednesday, January 31st. Finally, ValuEngine lowered shares of Foot Locker from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Two analysts have rated the stock with a sell rating, twelve have given a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $56.15.
Shares of Foot Locker, Inc. (NYSE FL) opened at $49.24 on Friday. The stock has a market cap of $5,888.14, a price-to-earnings ratio of 12.37, a P/E/G ratio of 2.26 and a beta of 0.80. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.09 and a current ratio of 4.41. Foot Locker, Inc. has a 12 month low of $28.42 and a 12 month high of $77.86.
Foot Locker (NYSE:FL) last released its quarterly earnings results on Friday, November 17th. The athletic footwear retailer reported $0.87 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.07. The company had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.82 billion. Foot Locker had a net margin of 6.79% and a return on equity of 19.96%. Foot Locker’s revenue was down .8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.13 earnings per share. equities analysts forecast that Foot Locker, Inc. will post 4.1 EPS for the current year.
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About Foot Locker
Foot Locker, Inc is a retailer of shoes and apparel. The Company operates through two segments: Athletic Stores and Direct-to-Customers. The Company is an athletic footwear and apparel retailer, which include businesses, such as include Foot Locker, Kids Foot Locker, Lady Foot Locker, Champs Sports, Footaction, Runners Point, Sidestep and SIX:02.
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