Denver Investment Advisors LLC reduced its stake in shares of Foot Locker, Inc. (NYSE:FL) by 18.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,403 shares of the athletic footwear retailer’s stock after selling 6,117 shares during the period. Denver Investment Advisors LLC’s holdings in Foot Locker were worth $2,050,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of the stock. Marshall Wace LLP acquired a new position in Foot Locker during the fourth quarter worth approximately $8,577,000. Alyeska Investment Group L.P. increased its stake in Foot Locker by 128.6% in the fourth quarter. Alyeska Investment Group L.P. now owns 379,390 shares of the athletic footwear retailer’s stock worth $26,895,000 after buying an additional 213,424 shares during the last quarter. Russell Investments Group Ltd. increased its stake in Foot Locker by 6.6% in the first quarter. Russell Investments Group Ltd. now owns 138,739 shares of the athletic footwear retailer’s stock valued at $10,382,000 after buying an additional 8,617 shares in the last quarter. Tyvor Capital LLC purchased a new position in Foot Locker during the fourth quarter valued at about $9,316,000. Finally, Prudential PLC raised its position in Foot Locker by 20.8% in the fourth quarter. Prudential PLC now owns 350,600 shares of the athletic footwear retailer’s stock valued at $24,854,000 after buying an additional 60,400 shares during the last quarter. 96.51% of the stock is currently owned by institutional investors.
Shares of Foot Locker, Inc. (NYSE:FL) traded down 1.13% during trading on Monday, hitting $51.45. The stock had a trading volume of 3,440,362 shares. The firm’s 50-day moving average is $64.78 and its 200 day moving average is $70.92. The firm has a market cap of $6.76 billion, a price-to-earnings ratio of 10.56 and a beta of 0.63. Foot Locker, Inc. has a 52-week low of $50.59 and a 52-week high of $79.43.
The company also recently announced a quarterly dividend, which will be paid on Friday, July 28th. Stockholders of record on Friday, July 14th will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date is Wednesday, July 12th. Foot Locker’s dividend payout ratio (DPR) is currently 25.36%.
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FL has been the subject of several research reports. Bank of America Corporation downgraded shares of Foot Locker from a “buy” rating to a “neutral” rating and reduced their price target for the company from $84.00 to $65.00 in a research report on Friday, May 19th. Deutsche Bank AG reaffirmed a “buy” rating and set a $88.00 price objective (down from $89.00) on shares of Foot Locker in a report on Sunday, April 23rd. Wedbush reissued an “outperform” rating and issued a $83.00 price target on shares of Foot Locker in a report on Wednesday, May 17th. Zacks Investment Research cut Foot Locker from a “buy” rating to a “hold” rating in a research note on Monday, April 24th. Finally, Buckingham Research upgraded Foot Locker from a “neutral” rating to a “buy” rating and upped their price target for the company from $77.00 to $89.00 in a research report on Thursday, April 20th. Eight investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Foot Locker currently has a consensus rating of “Buy” and a consensus price target of $74.62.
In other Foot Locker news, SVP Paulette Alviti sold 8,000 shares of Foot Locker stock in a transaction that occurred on Thursday, April 20th. The stock was sold at an average price of $74.50, for a total value of $596,000.00. Following the sale, the senior vice president now owns 36,641 shares of the company’s stock, valued at approximately $2,729,754.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jarobin Gilbert, Jr. sold 5,600 shares of Foot Locker stock in a transaction that occurred on Wednesday, May 24th. The shares were sold at an average price of $59.40, for a total value of $332,640.00. Following the completion of the sale, the director now directly owns 8,964 shares in the company, valued at approximately $532,461.60. The disclosure for this sale can be found here. 1.73% of the stock is currently owned by insiders.
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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