Stratos Wealth Partners LTD. Buys Shares of 2,728 Foot Locker, Inc. (FL)

Stratos Wealth Partners LTD. purchased a new position in Foot Locker, Inc. (NYSE:FL) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 2,728 shares of the athletic footwear retailer’s stock, valued at approximately $204,000.

Several other hedge funds and other institutional investors have also modified their holdings of FL. FMR LLC raised its position in shares of Foot Locker by 7.6% in the fourth quarter. FMR LLC now owns 7,218,272 shares of the athletic footwear retailer’s stock valued at $511,703,000 after buying an additional 509,160 shares during the period. State Street Corp raised its position in Foot Locker by 5.7% in the fourth quarter. State Street Corp now owns 6,061,366 shares of the athletic footwear retailer’s stock valued at $429,684,000 after buying an additional 326,005 shares during the period. Bank of New York Mellon Corp raised its position in Foot Locker by 1.5% in the first quarter. Bank of New York Mellon Corp now owns 2,936,340 shares of the athletic footwear retailer’s stock valued at $219,668,000 after buying an additional 42,736 shares during the period. APG Asset Management N.V. raised its position in Foot Locker by 7.7% in the first quarter. APG Asset Management N.V. now owns 2,024,142 shares of the athletic footwear retailer’s stock valued at $151,426,000 after buying an additional 144,385 shares during the period. Finally, AQR Capital Management LLC raised its position in Foot Locker by 8.1% in the fourth quarter. AQR Capital Management LLC now owns 1,791,424 shares of the athletic footwear retailer’s stock valued at $126,994,000 after buying an additional 134,618 shares during the period. 96.51% of the stock is currently owned by institutional investors.

Institutional Ownership by Quarter for Foot Locker (NYSE:FL)

Foot Locker, Inc. (FL) traded down 1.71% during trading on Tuesday, reaching $50.57. 1,721,604 shares of the company’s stock traded hands. The firm’s 50 day moving average is $64.05 and its 200 day moving average is $70.74. Foot Locker, Inc. has a 12 month low of $50.40 and a 12 month high of $79.43. The company has a market cap of $6.64 billion, a P/E ratio of 10.38 and a beta of 0.63.

The company also recently announced a quarterly dividend, which will be paid on Friday, July 28th. Shareholders of record on Friday, July 14th will be issued a $0.31 dividend. The ex-dividend date is Wednesday, July 12th. This represents a $1.24 annualized dividend and a yield of 2.41%. Foot Locker’s dividend payout ratio (DPR) is presently 25.36%.

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FL has been the topic of several research reports. Canaccord Genuity raised their price objective on Foot Locker from $83.00 to $87.00 and gave the company a “buy” rating in a research report on Wednesday, February 22nd. Deutsche Bank AG restated a “buy” rating and set a $81.00 target price (up from $76.00) on shares of Foot Locker in a research note on Wednesday, February 22nd. Brean Capital restated a “buy” rating and set a $78.00 target price (up from $77.00) on shares of Foot Locker in a research note on Wednesday, February 22nd. B. Riley restated a “buy” rating and set a $79.00 target price on shares of Foot Locker in a research note on Tuesday, February 21st. Finally, Jefferies Group LLC set a $90.00 target price on Foot Locker and gave the company a “buy” rating in a research note on Friday, February 24th. Eight equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. Foot Locker presently has an average rating of “Buy” and an average target price of $74.62.

In other news, SVP Paulette Alviti sold 8,000 shares of the stock in a transaction on Thursday, April 20th. The shares were sold at an average price of $74.50, for a total transaction of $596,000.00. Following the completion of the sale, the senior vice president now owns 36,641 shares of the company’s stock, valued at $2,729,754.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jarobin Gilbert, Jr. sold 5,600 shares of the firm’s stock in a transaction on Wednesday, May 24th. The shares were sold at an average price of $59.40, for a total transaction of $332,640.00. Following the completion of the transaction, the director now directly owns 8,964 shares of the company’s stock, valued at approximately $532,461.60. The disclosure for this sale can be found here. Company insiders own 1.73% of the company’s stock.

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.

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