Redwood Investment Management LLC decreased its holdings in shares of Foot Locker (NYSE:FL) by 3.8% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 100,119 shares of the athletic footwear retailer’s stock after selling 3,995 shares during the period. Foot Locker makes up 1.4% of Redwood Investment Management LLC’s holdings, making the stock its 25th largest position. Redwood Investment Management LLC owned 0.08% of Foot Locker worth $4,559,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of the business. Bank of New York Mellon Corp raised its position in shares of Foot Locker by 9.6% during the 4th quarter. Bank of New York Mellon Corp now owns 3,935,081 shares of the athletic footwear retailer’s stock valued at $184,475,000 after acquiring an additional 343,488 shares during the last quarter. Two Sigma Advisers LP raised its holdings in Foot Locker by 43.0% in the 4th quarter. Two Sigma Advisers LP now owns 1,767,441 shares of the athletic footwear retailer’s stock valued at $82,858,000 after acquiring an additional 531,710 shares during the period. LSV Asset Management raised its holdings in Foot Locker by 17.4% in the 1st quarter. LSV Asset Management now owns 1,210,678 shares of the athletic footwear retailer’s stock valued at $55,134,000 after acquiring an additional 179,300 shares during the period. Rockefeller Capital Management L.P. bought a new position in Foot Locker in the 1st quarter valued at about $54,767,000. Finally, Arrowstreet Capital Limited Partnership raised its holdings in Foot Locker by 7,025.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,132,990 shares of the athletic footwear retailer’s stock valued at $53,115,000 after acquiring an additional 1,117,090 shares during the period. Institutional investors own 91.31% of the company’s stock.
In related news, Director Jarobin Gilbert, Jr. sold 1,500 shares of Foot Locker stock in a transaction on Monday, March 12th. The shares were sold at an average price of $43.44, for a total transaction of $65,160.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Lewis Phillip Kimble sold 11,043 shares of Foot Locker stock in a transaction on Monday, March 12th. The stock was sold at an average price of $42.71, for a total transaction of $471,646.53. The disclosure for this sale can be found here. 2.10% of the stock is currently owned by company insiders.
FL has been the topic of several research analyst reports. Zacks Investment Research raised shares of Foot Locker from a “hold” rating to a “strong-buy” rating and set a $57.00 price target on the stock in a report on Friday, February 2nd. Deutsche Bank set a $58.00 price target on shares of Foot Locker and gave the company a “buy” rating in a report on Wednesday, April 4th. Credit Suisse Group began coverage on shares of Foot Locker in a research report on Monday, March 12th. They set an “outperform” rating and a $50.00 target price on the stock. Barclays increased 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. Finally, Wedbush restated an “outperform” rating on shares of Foot Locker in a research report on Monday, February 5th. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and sixteen have given a buy rating to the company. Foot Locker currently has an average rating of “Hold” and an average price target of $54.37.
Foot Locker opened at $44.09 on Tuesday, Marketbeat Ratings reports. The firm has a market cap of $5.27 billion, a PE ratio of 10.73, a price-to-earnings-growth ratio of 1.51 and a beta of 0.86. Foot Locker has a 52-week low of $28.42 and a 52-week high of $61.00. 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 released its quarterly earnings results on Friday, March 2nd. The athletic footwear retailer reported $1.26 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.25 by $0.01. The firm had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.23 billion. Foot Locker had a net margin of 3.65% and a return on equity of 19.32%. The company’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.37 earnings per share. research analysts predict that Foot Locker will post 4.42 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, May 4th. Stockholders of record on Friday, April 20th were paid a dividend of $0.345 per share. The ex-dividend date of this dividend was Thursday, April 19th. This represents a $1.38 annualized dividend and a dividend yield of 3.13%. This is an increase from Foot Locker’s previous quarterly dividend of $0.31. Foot Locker’s dividend payout ratio (DPR) is presently 33.58%.
About Foot Locker
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.
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