Raymond James Financial Services Advisors Inc. boosted its position in Foot Locker, Inc. (NYSE:FL) by 5.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 34,185 shares of the athletic footwear retailer’s stock after purchasing an additional 1,900 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Foot Locker were worth $1,603,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bank of New York Mellon Corp grew its holdings in Foot Locker by 32.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 3,591,593 shares of the athletic footwear retailer’s stock valued at $126,495,000 after buying an additional 870,899 shares in the last quarter. Bank of Montreal Can grew its holdings in Foot Locker by 367.4% in the 4th quarter. Bank of Montreal Can now owns 704,932 shares of the athletic footwear retailer’s stock valued at $33,049,000 after buying an additional 554,114 shares in the last quarter. Boston Partners grew its holdings in Foot Locker by 711.2% in the 4th quarter. Boston Partners now owns 538,310 shares of the athletic footwear retailer’s stock valued at $25,236,000 after buying an additional 471,947 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its holdings in Foot Locker by 1,911.7% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 384,296 shares of the athletic footwear retailer’s stock valued at $13,535,000 after buying an additional 365,193 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Foot Locker by 36.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,329,354 shares of the athletic footwear retailer’s stock valued at $46,817,000 after buying an additional 357,669 shares in the last quarter. 96.49% of the stock is owned by hedge funds and other institutional investors.
Shares of Foot Locker, Inc. (FL) traded down $0.60 during trading on Wednesday, reaching $43.26. The company had a trading volume of 2,161,498 shares, compared to its average volume of 4,470,000. Foot Locker, Inc. has a 12 month low of $28.42 and a 12 month high of $77.86. The stock has a market cap of $5,240.00, a PE ratio of 14.57, a price-to-earnings-growth ratio of 1.52 and a beta of 0.84. The company has a quick ratio of 2.07, a current ratio of 4.14 and a debt-to-equity ratio of 0.05.
Foot Locker (NYSE:FL) last announced its earnings results on Friday, March 2nd. The athletic footwear retailer reported $1.26 EPS for the quarter, beating analysts’ consensus estimates of $1.25 by $0.01. Foot Locker had a return on equity of 19.32% and a net margin of 3.65%. The company had revenue of $2.21 billion during the quarter, compared to analysts’ expectations of $2.23 billion. During the same period last year, the business posted $1.37 EPS. Foot Locker’s revenue for the quarter was up 4.6% on a year-over-year basis. equities research analysts anticipate that Foot Locker, Inc. will post 4.4 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, May 4th. Investors of record on Friday, April 20th will be issued a dividend of $0.345 per share. This represents a $1.38 dividend on an annualized basis and a yield of 3.19%. This is a boost from Foot Locker’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Thursday, April 19th. Foot Locker’s dividend payout ratio (DPR) is 41.75%.
Several analysts have issued reports on FL shares. Zacks Investment Research upgraded Foot Locker from a “hold” rating to a “buy” rating and set a $53.00 target price for the company in a report on Tuesday, December 26th. Deutsche Bank upgraded Foot Locker from a “hold” rating to a “buy” rating and upped their target price for the company from $38.00 to $45.00 in a report on Friday, November 17th. Citigroup restated a “buy” rating and issued a $54.00 target price on shares of Foot Locker in a report on Tuesday, December 19th. Cowen set a $40.00 target price on Foot Locker and gave the company a “hold” rating in a report on Saturday, November 18th. Finally, Buckingham Research upgraded Foot Locker from a “neutral” rating to a “buy” rating and set a $57.00 target price for the company in a report on Friday, January 5th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and sixteen have assigned a buy rating to the company. Foot Locker presently has an average rating of “Hold” and a consensus target price of $54.23.
In other Foot Locker news, CEO Lewis Phillip Kimble sold 11,043 shares of the stock in a transaction dated Monday, March 12th. The stock was sold at an average price of $42.71, for a total value of $471,646.53. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Giovanna Cipriano sold 21,000 shares of the stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $50.05, for a total value of $1,051,050.00. The disclosure for this sale can be found here. Insiders have sold a total of 69,442 shares of company stock valued at $3,338,499 over the last 90 days. 1.73% of the stock is currently owned by company insiders.
Foot Locker Company Profile
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.
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.