Foot Locker, Inc. (NYSE:FL) Shares Acquired by IFP Advisors Inc

Defense World · Feb 12, 2023 21:41

IFP Advisors Inc lifted its stake in shares of Foot Locker, Inc. (NYSE:FL – Get Rating) by 5.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 11,912 shares of the athletic footwear retailer's stock after purchasing an additional 667 shares during the quarter. IFP Advisors Inc's holdings in Foot Locker were worth $422,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. C M Bidwell & Associates Ltd. bought a new position in Foot Locker in the 2nd quarter worth approximately $30,000. Advisors Asset Management Inc. grew its holdings in Foot Locker by 68.3% in 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 in the last quarter. Meeder Asset Management Inc. grew its holdings in Foot Locker by 93.8% in the 2nd quarter. Meeder Asset Management Inc. now owns 1,624 shares of the athletic footwear retailer's stock worth $41,000 after buying an additional 786 shares in the last quarter. Wipfli Financial Advisors LLC bought a new position in Foot Locker in the 3rd quarter worth approximately $42,000. Finally, CX Institutional bought a new position in Foot Locker in the 2nd quarter worth approximately $44,000. 95.06% of the stock is currently owned by institutional investors and hedge funds.

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Foot Locker Price Performance

FL opened at $44.82 on Friday. The stock has a fifty day moving average of $39.32 and a 200-day moving average of $35.73. The firm has a market capitalization of $4.18 billion, a P/E ratio of 10.21 and a beta of 1.26. Foot Locker, Inc. has a 12-month low of $23.85 and a 12-month high of $47.22. The company has a quick ratio of 0.43, a current ratio of 1.54 and a debt-to-equity ratio of 0.14.

Foot Locker (NYSE:FL – Get Rating) last announced its quarterly earnings data on Friday, November 18th. The athletic footwear retailer reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.18. Foot Locker had a return on equity of 16.98% and a net margin of 4.87%. The business had revenue of $2.17 billion during the quarter, compared to analyst estimates of $2.12 billion. Equities analysts forecast that Foot Locker, Inc. will post 4.49 EPS for the current fiscal year.

Foot Locker Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 27th. Investors of record on Friday, January 13th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, January 12th. This represents a $1.60 annualized dividend and a dividend yield of 3.57%. Foot Locker's dividend payout ratio is 36.45%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on FL. Morgan Stanley decreased their price objective on Foot Locker from $36.00 to $33.00 and set an "equal weight" rating for the company in a report on Tuesday, November 22nd. Cowen increased their price target on Foot Locker from $35.00 to $39.00 in a research note on Monday, November 21st. Telsey Advisory Group increased their price target on Foot Locker from $37.00 to $39.00 and gave the company a "market perform" rating in a research note on Monday, November 21st. Deutsche Bank Aktiengesellschaft increased their price target on Foot Locker from $31.00 to $36.00 in a research note on Monday, November 21st. Finally, UBS Group increased their price target on Foot Locker to $39.00 in a research note on Monday, November 28th. Nineteen equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $40.78.

Insider Buying and Selling

In related news, SVP Todd Greener sold 2,500 shares of the stock in a transaction on Thursday, January 5th. The stock was sold at an average price of $37.63, for a total transaction of $94,075.00. Following the completion of the sale, the senior vice president now directly owns 5,921 shares in the company, valued at $222,807.23. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Foot Locker news, SVP Todd Greener sold 2,500 shares of the stock in a transaction on Thursday, January 5th. The shares were sold at an average price of $37.63, for a total transaction of $94,075.00. Following the transaction, the senior vice president now directly owns 5,921 shares of the company's stock, valued at $222,807.23. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP John A. Maurer sold 3,500 shares of the stock in a transaction on Thursday, January 26th. The stock was sold at an average price of $42.01, for a total transaction of $147,035.00. Following the transaction, the vice president now directly owns 23,221 shares in the company, valued at $975,514.21. The disclosure for this sale can be found here. 3.00% of the stock is owned by corporate insiders.

Foot Locker Company Profile

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Foot Locker, Inc engages in the retail of athletic shoes and apparel. The firm uses its omni-channel capabilities to bridge the digital world and physical stores, including order-in-store, buy online and pickup-in-store, and buy online and ship-from-store, as well as e-commerce. It operates through following segments: North America, EMEA (Europe, Middle East, and Africa, and Asia Pacific.