Deltec Asset Management LLC reduced its position in Foot Locker, Inc. (NYSE:FL) by 70.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,000 shares of the athletic footwear retailer’s stock after selling 46,000 shares during the quarter. Deltec Asset Management LLC’s holdings in Foot Locker were worth $891,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FL. Profund Advisors LLC grew its holdings in shares of Foot Locker by 23.0% during the second quarter. Profund Advisors LLC now owns 4,801 shares of the athletic footwear retailer’s stock valued at $237,000 after buying an additional 897 shares during the last quarter. Thrivent Financial For Lutherans grew its holdings in shares of Foot Locker by 2.5% during the second quarter. Thrivent Financial For Lutherans now owns 5,010 shares of the athletic footwear retailer’s stock valued at $247,000 after buying an additional 120 shares during the last quarter. D.A. Davidson & CO. grew its holdings in shares of Foot Locker by 50.3% during the second quarter. D.A. Davidson & CO. now owns 2,133 shares of the athletic footwear retailer’s stock valued at $105,000 after buying an additional 714 shares during the last quarter. Parametric Portfolio Associates LLC grew its holdings in shares of Foot Locker by 16.9% during the second quarter. Parametric Portfolio Associates LLC now owns 256,253 shares of the athletic footwear retailer’s stock valued at $12,628,000 after buying an additional 37,091 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Foot Locker by 10.4% during the second quarter. Dimensional Fund Advisors LP now owns 971,685 shares of the athletic footwear retailer’s stock valued at $47,882,000 after buying an additional 91,716 shares during the last quarter. 89.01% of the stock is currently owned by institutional investors and hedge funds.
A number of equities research analysts have recently weighed in on the stock. B. Riley reissued a “neutral” rating on shares of Foot Locker in a report on Wednesday, November 1st. Wedbush reissued an “outperform” rating on shares of Foot Locker in a report on Monday. Zacks Investment Research raised shares of Foot Locker from a “sell” rating to a “hold” rating in a report on Monday, October 23rd. Barclays boosted their target price on shares of Foot Locker from $55.00 to $60.00 and gave the company an “overweight” rating in a research report on Tuesday, January 30th. Finally, CIBC upgraded shares of Foot Locker from a “market perform” rating to an “outperform” rating and set a $70.00 target price for the company in a research report on Wednesday, January 31st. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. Foot Locker currently has an average rating of “Hold” and an average target price of $56.15.
In other Foot Locker news, CEO Richard A. Johnson sold 25,000 shares of the company’s stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $50.05, for a total value of $1,251,250.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Giovanna Cipriano sold 21,000 shares of the company’s stock in a transaction dated Friday, January 19th. The stock was sold at an average price of $50.05, for a total transaction of $1,051,050.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 56,899 shares of company stock valued at $2,801,692. Insiders own 1.73% of the company’s stock.
Foot Locker, Inc. (NYSE FL) opened at $45.63 on Tuesday. The firm has a market cap of $5,863.90, a PE ratio of 11.46, a price-to-earnings-growth ratio of 2.25 and a beta of 0.80. Foot Locker, Inc. has a 1 year low of $28.42 and a 1 year high of $77.86. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.41 and a quick ratio of 2.09.
Foot Locker (NYSE:FL) last issued its quarterly earnings data on Friday, November 17th. The athletic footwear retailer reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.07. The business had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.82 billion. Foot Locker had a net margin of 6.79% and a return on equity of 19.96%. The company’s revenue was down .8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.13 earnings per share. sell-side analysts expect that Foot Locker, Inc. will post 4.1 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, February 2nd. Shareholders of record on Friday, January 19th were given a $0.31 dividend. The ex-dividend date was Thursday, January 18th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.72%. Foot Locker’s dividend payout ratio (DPR) is currently 31.16%.
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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