PGGM Investments cut its stake in shares of Foot Locker, Inc. (NYSE:FL) by 13.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 496,284 shares of the athletic footwear retailer’s stock after selling 79,929 shares during the period. PGGM Investments owned approximately 0.38% of Foot Locker worth $24,457,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its position in Foot Locker by 130.0% in the first quarter. JPMorgan Chase & Co. now owns 698,340 shares of the athletic footwear retailer’s stock worth $52,244,000 after buying an additional 394,688 shares in the last quarter. Todd Asset Management LLC raised its position in Foot Locker by 34.3% in the first quarter. Todd Asset Management LLC now owns 582,371 shares of the athletic footwear retailer’s stock valued at $43,567,000 after buying an additional 148,889 shares during the last quarter. Omega Advisors Inc. purchased a new position in Foot Locker during the first quarter valued at about $11,222,000. Russell Investments Group Ltd. raised its position 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 during the last quarter. Finally, 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 valued at $685,553,000 after buying an additional 8,763,641 shares during the last quarter. Institutional investors and hedge funds own 94.45% of the company’s stock.
Foot Locker, Inc. (NYSE:FL) traded up 2.46% during trading on Tuesday, hitting $50.04. The stock had a trading volume of 5,053,699 shares. The stock has a market cap of $6.57 billion, a PE ratio of 10.27 and a beta of 0.68. The firm’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 business also recently declared a quarterly dividend, which was paid on Friday, July 28th. Investors of record on Friday, July 14th were paid a $0.31 dividend. The ex-dividend date of this dividend was Wednesday, July 12th. This represents a $1.24 dividend on an annualized basis and a yield of 2.48%. Foot Locker’s dividend payout ratio (DPR) is currently 25.36%.
Several equities analysts recently issued reports on FL shares. Buckingham Research raised Foot Locker from a “neutral” rating to a “buy” rating and increased their target price for the stock from $77.00 to $89.00 in a research note on Thursday, April 20th. B. Riley reaffirmed a “buy” rating and issued a $79.00 price target on shares of Foot Locker in a research report on Thursday, April 20th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $88.00 price target on shares of Foot Locker in a research report on Friday, April 21st. Susquehanna Bancshares Inc reaffirmed a “positive” rating and issued a $86.00 price target on shares of Foot Locker in a research report on Friday, April 21st. Finally, Deutsche Bank AG reaffirmed a “buy” rating and issued a $88.00 price target (down previously from $89.00) on shares of Foot Locker in a research report on Sunday, April 23rd. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $72.92.
In related news, Director Jarobin Gilbert, Jr. sold 5,600 shares of the company’s 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 transaction, the director now owns 8,964 shares in the company, valued at approximately $532,461.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 1.73% of the stock is currently owned by corporate 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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