Janus Capital Management LLC boosted its stake in Foot Locker, Inc. (NYSE:FL) by 32.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 106,413 shares of the athletic footwear retailer’s stock after buying an additional 25,881 shares during the period. Janus Capital Management LLC owned approximately 0.08% of Foot Locker worth $7,960,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in Foot Locker by 2.0% in the first quarter. Vanguard Group Inc. now owns 12,986,214 shares of the athletic footwear retailer’s stock worth $971,499,000 after buying an additional 257,770 shares in the last quarter. BlackRock Inc. raised its position in Foot Locker by 2,189.3% in the first quarter. BlackRock Inc. now owns 9,163,944 shares of the athletic footwear retailer’s stock worth $685,553,000 after buying an additional 8,763,641 shares in the last quarter. State Street Corp raised its position in Foot Locker by 1.7% in the first quarter. State Street Corp now owns 6,167,116 shares of the athletic footwear retailer’s stock worth $461,353,000 after buying an additional 105,750 shares in the last quarter. 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 worth $219,668,000 after buying an additional 42,736 shares in the last quarter. Finally, 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 worth $151,426,000 after buying an additional 144,385 shares in the last quarter. Institutional investors and hedge funds own 94.45% of the company’s stock.
Shares of Foot Locker, Inc. (NYSE:FL) traded up 2.46% during trading on Tuesday, hitting $50.04. The stock had a trading volume of 5,053,115 shares. The stock’s 50-day moving average price is $48.41 and its 200 day moving average price is $64.80. Foot Locker, Inc. has a 1-year low of $44.59 and a 1-year high of $79.43. The firm has a market capitalization of $6.57 billion, a P/E ratio of 10.27 and a beta of 0.68.
The firm also recently declared a quarterly dividend, which was paid on Friday, July 28th. Investors of record on Friday, July 14th were issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date was Wednesday, July 12th. Foot Locker’s payout ratio is 25.36%.
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A number of research analysts have recently weighed in on the company. B. Riley restated a “buy” rating and issued a $79.00 target price on shares of Foot Locker in a report on Wednesday, April 26th. Jefferies Group LLC reiterated a “buy” rating and set a $88.00 price target on shares of Foot Locker in a report on Friday, April 21st. Zacks Investment Research lowered Foot Locker from a “buy” rating to a “hold” rating in a report on Monday, April 24th. Cowen and Company reiterated a “market perform” rating and set a $77.00 price target on shares of Foot Locker in a report on Sunday, April 23rd. Finally, Deutsche Bank AG reiterated a “buy” rating and set a $88.00 price target (down from $89.00) on shares of Foot Locker in a report on Sunday, April 23rd. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $72.92.
In related news, Director Jarobin Gilbert, Jr. sold 5,600 shares of the stock in a transaction dated 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 transaction, the director now owns 8,964 shares of the company’s stock, valued at approximately $532,461.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.73% of the stock is currently owned by company insiders.
About Foot Locker
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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