Boston Partners raised its holdings in shares of Foot Locker, Inc. (NYSE:FL) by 711.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 538,310 shares of the athletic footwear retailer’s stock after purchasing an additional 471,947 shares during the quarter. Boston Partners’ holdings in Foot Locker were worth $25,236,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. D.A. Davidson & CO. increased its position 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 period. Smithfield Trust Co. increased its position in shares of Foot Locker by 276.2% during the third quarter. Smithfield Trust Co. now owns 3,198 shares of the athletic footwear retailer’s stock valued at $113,000 after buying an additional 2,348 shares during the period. Assetmark Inc. increased its position in shares of Foot Locker by 205.0% during the third quarter. Assetmark Inc. now owns 3,834 shares of the athletic footwear retailer’s stock valued at $135,000 after buying an additional 2,577 shares during the period. Exane Derivatives increased its position in shares of Foot Locker by 110,475.0% during the third quarter. Exane Derivatives now owns 4,423 shares of the athletic footwear retailer’s stock valued at $156,000 after buying an additional 4,419 shares during the period. Finally, Cigna Investments Inc. New bought a new stake in shares of Foot Locker during the fourth quarter valued at about $217,000. 89.01% of the stock is currently owned by institutional investors and hedge funds.
FL has been the topic of several analyst reports. Deutsche Bank upgraded Foot Locker from a “hold” rating to a “buy” rating and upped their price target for the company from $38.00 to $45.00 in a research report on Friday, November 17th. Piper Jaffray Companies set a $35.00 price target on Foot Locker and gave the company a “hold” rating in a research report on Tuesday, November 14th. Zacks Investment Research upgraded Foot Locker from a “hold” rating to a “buy” rating and set a $53.00 price target on the stock in a research report on Tuesday, December 26th. Buckingham Research cut Foot Locker from a “buy” rating to a “neutral” rating in a research report on Monday, October 23rd. They noted that the move was a valuation call. Finally, Cowen reiterated a “hold” rating and set a $33.00 price target on shares of Foot Locker in a research report on Friday, November 10th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $56.15.
Foot Locker (NYSE:FL) last posted its quarterly earnings data on Friday, November 17th. The athletic footwear retailer reported $0.87 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.07. The company had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.82 billion. Foot Locker had a net margin of 6.79% and a return on equity of 19.96%. Foot Locker’s revenue for the quarter was down .8% compared to the same quarter last year. During the same period in the prior year, the business earned $1.13 earnings per share. analysts anticipate that Foot Locker, Inc. will post 4.1 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, February 2nd. Shareholders of record on Friday, January 19th were paid a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 2.58%. The ex-dividend date was Thursday, January 18th. Foot Locker’s dividend payout ratio is currently 31.23%.
In other Foot Locker news, Director Matthew M. Mckenna sold 10,899 shares of the company’s stock in a transaction that occurred on Tuesday, January 9th. The stock was sold at an average price of $45.82, for a total value of $499,392.18. Following the completion of the sale, the director now owns 35,000 shares of the company’s stock, valued at $1,603,700. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Richard A. Johnson sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, January 19th. The stock was sold at an average price of $50.05, for a total value of $1,251,250.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 56,899 shares of company stock valued at $2,801,692. 1.73% of the stock is owned by insiders.
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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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