Quantamental Technologies LLC purchased a new stake in shares of Foot Locker, Inc. (NYSE:FL – Get Rating) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 39,939 shares of the athletic footwear retailer's stock, valued at approximately $1,008,000.
Several other institutional investors also recently bought and sold shares of the stock. BlackRock Inc. raised its position in Foot Locker by 5.0% during the first quarter. BlackRock Inc. now owns 8,129,401 shares of the athletic footwear retailer's stock valued at $241,118,000 after acquiring an additional 386,775 shares in the last quarter. LSV Asset Management raised its position in Foot Locker by 5.6% during the first quarter. LSV Asset Management now owns 4,452,787 shares of the athletic footwear retailer's stock valued at $132,070,000 after acquiring an additional 235,978 shares in the last quarter. State Street Corp raised its position in Foot Locker by 3.5% during the first quarter. State Street Corp now owns 2,647,143 shares of the athletic footwear retailer's stock valued at $78,514,000 after acquiring an additional 90,408 shares in the last quarter. Northern Trust Corp raised its position in Foot Locker by 56.5% during the second quarter. Northern Trust Corp now owns 1,103,775 shares of the athletic footwear retailer's stock valued at $27,871,000 after acquiring an additional 398,312 shares in the last quarter. Finally, Renaissance Technologies LLC raised its position in Foot Locker by 5,122.3% during the first quarter. Renaissance Technologies LLC now owns 913,900 shares of the athletic footwear retailer's stock valued at $27,106,000 after acquiring an additional 896,400 shares in the last quarter. 98.06% of the stock is currently owned by hedge funds and other institutional investors.
Get Foot Locker alerts:Foot Locker Stock Performance
NYSE FL opened at $40.04 on Friday. The stock's fifty day moving average is $33.41 and its two-hundred day moving average is $32.02. The firm has a market capitalization of $3.74 billion, a P/E ratio of 9.12, a price-to-earnings-growth ratio of 0.27 and a beta of 1.24. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.43 and a current ratio of 1.54. Foot Locker, Inc. has a fifty-two week low of $23.85 and a fifty-two week high of $47.42.
Foot Locker (NYSE:FL – Get Rating) last released its quarterly earnings data on Friday, November 18th. The athletic footwear retailer reported $1.27 earnings per share for the quarter, topping analysts' consensus estimates of $1.09 by $0.18. The company had revenue of $2.17 billion for the quarter, compared to analyst estimates of $2.12 billion. Foot Locker had a return on equity of 16.98% and a net margin of 4.87%. On average, research analysts anticipate that Foot Locker, Inc. will post 4.49 earnings per share for the current year.Foot Locker Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, January 27th. Stockholders of record on Friday, January 13th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 4.00%. The ex-dividend date is Thursday, January 12th. Foot Locker's dividend payout ratio (DPR) is presently 36.45%.
Wall Street Analyst Weigh In
FL has been the subject of a number of recent analyst reports. The Goldman Sachs Group boosted their price objective on Foot Locker from $28.00 to $37.00 and gave the company a "neutral" rating in a research report on Monday, August 22nd. Cowen boosted their price objective on Foot Locker from $35.00 to $39.00 in a research report on Monday, November 21st. UBS Group boosted their price objective on Foot Locker to $39.00 in a research report on Monday, November 28th. Morgan Stanley cut their price objective on Foot Locker from $36.00 to $33.00 and set an "equal weight" rating for the company in a research report on Tuesday, November 22nd. Finally, Robert W. Baird boosted their price objective on Foot Locker from $32.00 to $40.00 in a research report on Monday, August 22nd. Twenty investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, Foot Locker has a consensus rating of "Hold" and a consensus target price of $38.00.
Insider Activity
In other news, major shareholder Vesa Equity Investment S.A R.L sold 9,739 shares of the company's stock in a transaction on Tuesday, September 20th. The stock was sold at an average price of $39.03, for a total value of $380,113.17. Following the transaction, the insider now owns 12,740,578 shares of the company's stock, valued at approximately $497,264,759.34. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, major shareholder Vesa Equity Investment S.A R.L sold 9,739 shares of the company's stock in a transaction on Tuesday, September 20th. The stock was sold at an average price of $39.03, for a total value of $380,113.17. Following the transaction, the insider now owns 12,740,578 shares of the company's stock, valued at approximately $497,264,759.34. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Todd Greener sold 2,500 shares of the company's stock in a transaction on Monday, October 3rd. The shares were sold at an average price of $30.99, for a total value of $77,475.00. Following the completion of the transaction, the senior vice president now directly owns 8,421 shares in the company, valued at approximately $260,966.79. The disclosure for this sale can be found here. Insiders have sold a total of 557,380 shares of company stock valued at $18,395,121 in the last quarter. Insiders own 3.00% of the company's stock.
About Foot Locker
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Foot Locker, Inc, through its subsidiaries, operates as an athletic footwear and apparel retailer. The company engages in the retail of athletic footwear, apparel, accessories, equipment, and team licensed merchandise under the Foot Locker, Lady Foot Locker, Kids Foot Locker, Champs Sports, Eastbay, atmos, WSS, Footaction, and Sidestep brand names.
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