King Luther Capital Management Corp Acquires 30,540 Shares of Foot Locker, Inc. (FL)

King Luther Capital Management Corp increased its holdings in Foot Locker, Inc. (NYSE:FL) by 54.3% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 86,783 shares of the athletic footwear retailer’s stock after purchasing an additional 30,540 shares during the quarter. King Luther Capital Management Corp’s holdings in Foot Locker were worth $4,424,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Wedbush Securities Inc. increased its stake in shares of Foot Locker by 64.1% during the 3rd quarter. Wedbush Securities Inc. now owns 8,015 shares of the athletic footwear retailer’s stock valued at $409,000 after acquiring an additional 3,131 shares during the last quarter. Riverhead Capital Management LLC increased its stake in shares of Foot Locker by 737.0% during the 3rd quarter. Riverhead Capital Management LLC now owns 68,822 shares of the athletic footwear retailer’s stock valued at $3,508,000 after acquiring an additional 60,600 shares during the last quarter. Loomis Sayles & Co. L P acquired a new position in shares of Foot Locker during the 3rd quarter valued at about $428,000. Kepos Capital LP acquired a new position in shares of Foot Locker during the 3rd quarter valued at about $3,953,000. Finally, JPMorgan Chase & Co. increased its stake in shares of Foot Locker by 452.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 443,716 shares of the athletic footwear retailer’s stock valued at $22,620,000 after acquiring an additional 363,439 shares during the last quarter. Institutional investors and hedge funds own 99.96% of the company’s stock.

A number of research firms have recently commented on FL. Zacks Investment Research raised shares of Foot Locker from a “hold” rating to a “buy” rating and set a $63.00 price objective for the company in a research note on Wednesday. TheStreet raised shares of Foot Locker from a “c” rating to a “b-” rating in a research note on Tuesday, November 20th. Cowen set a $56.00 target price on shares of Foot Locker and gave the stock a “hold” rating in a research report on Wednesday, November 21st. Morgan Stanley set a $44.00 target price on shares of Foot Locker and gave the stock a “sell” rating in a research report on Wednesday, November 21st. Finally, Citigroup increased their target price on shares of Foot Locker from $60.00 to $63.00 and gave the stock a “buy” rating in a research report on Wednesday, November 21st. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and sixteen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $59.09.

In other Foot Locker news, Director Matthew M. Mckenna sold 7,000 shares of the company’s stock in a transaction that occurred on Monday, November 19th. The stock was sold at an average price of $50.81, for a total value of $355,670.00. Following the completion of the transaction, the director now owns 30,459 shares in the company, valued at approximately $1,547,621.79. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP John A. Maurer sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 21st. The stock was sold at an average price of $53.00, for a total value of $265,000.00. Following the completion of the transaction, the vice president now owns 25,581 shares of the company’s stock, valued at approximately $1,355,793. The disclosure for this sale can be found here. 2.90% of the stock is owned by corporate insiders.

NYSE FL opened at $53.05 on Friday. The company has a market capitalization of $6.26 billion, a price-to-earnings ratio of 12.91, a P/E/G ratio of 1.61 and a beta of 0.85. Foot Locker, Inc. has a fifty-two week low of $38.17 and a fifty-two week high of $59.40. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.42 and a quick ratio of 1.54.

Foot Locker (NYSE:FL) last released its quarterly earnings results on Tuesday, November 20th. The athletic footwear retailer reported $0.95 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.92 by $0.03. The firm had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.86 billion. Foot Locker had a return on equity of 21.01% and a net margin of 4.24%. Foot Locker’s quarterly revenue was down .5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.87 EPS. As a group, sell-side analysts forecast that Foot Locker, Inc. will post 4.5 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, February 1st. Shareholders of record on Friday, January 18th will be issued a $0.345 dividend. This represents a $1.38 dividend on an annualized basis and a yield of 2.60%. The ex-dividend date of this dividend is Thursday, January 17th. Foot Locker’s dividend payout ratio is presently 33.58%.

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Foot Locker Company Profile

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

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