Cadence Capital Management LLC decreased its position in shares of Foot Locker, Inc. (NYSE:FL) by 27.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 22,215 shares of the athletic footwear retailer’s stock after selling 8,542 shares during the quarter. Cadence Capital Management LLC’s holdings in Foot Locker were worth $1,041,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also recently made changes to their positions in FL. Crossmark Global Holdings Inc. lifted its position in Foot Locker by 171.6% in the fourth quarter. Crossmark Global Holdings Inc. now owns 26,332 shares of the athletic footwear retailer’s stock valued at $1,234,000 after buying an additional 16,636 shares during the last quarter. C M Bidwell & Associates Ltd. acquired a new position in Foot Locker in the fourth quarter valued at about $408,000. Aperio Group LLC lifted its position in Foot Locker by 21.0% in the fourth quarter. Aperio Group LLC now owns 138,898 shares of the athletic footwear retailer’s stock valued at $6,512,000 after buying an additional 24,079 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. acquired a new position in Foot Locker in the fourth quarter valued at about $188,000. Finally, Boston Partners lifted its position in Foot Locker by 711.2% in the fourth quarter. Boston Partners now owns 538,310 shares of the athletic footwear retailer’s stock valued at $25,236,000 after buying an additional 471,947 shares during the last quarter. 89.78% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Foot Locker, Inc. (NYSE FL) opened at $46.34 on Tuesday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.09 and a current ratio of 4.41. The stock has a market cap of $5,620.00, a PE ratio of 11.67, a price-to-earnings-growth ratio of 2.15 and a beta of 0.80. Foot Locker, Inc. has a one year low of $28.42 and a one year high of $77.86.
Foot Locker (NYSE:FL) last issued its quarterly earnings results on Friday, November 17th. The athletic footwear retailer reported $0.87 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.07. The company had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.82 billion. Foot Locker had a net margin of 6.79% and a return on equity of 19.96%. The business’s revenue for the quarter was down .8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.13 earnings per share. sell-side analysts anticipate that Foot Locker, Inc. will post 4.1 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, February 2nd. Shareholders of record on Friday, January 19th were paid a dividend of $0.31 per share. The ex-dividend date was Thursday, January 18th. This represents a $1.24 dividend on an annualized basis and a yield of 2.68%. Foot Locker’s dividend payout ratio (DPR) is presently 31.23%.
In related news, CEO Richard A. Johnson sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $50.05, for a total transaction of $1,251,250.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Giovanna Cipriano sold 21,000 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 transaction of $1,051,050.00. The disclosure for this sale can be found here. Insiders have sold 56,899 shares of company stock worth $2,801,692 over the last quarter. Insiders own 1.73% of the company’s stock.
A number of research analysts have commented on FL shares. Deutsche Bank raised shares of Foot Locker from a “hold” rating to a “buy” rating and upped their target price for the company from $38.00 to $45.00 in a research report on Friday, November 17th. Piper Jaffray Companies set a $35.00 target price on shares of Foot Locker and gave the company a “hold” rating in a research report on Tuesday, November 14th. Zacks Investment Research raised shares of Foot Locker from a “hold” rating to a “buy” rating and set a $53.00 target price on the stock in a research report on Tuesday, December 26th. Buckingham Research cut shares of 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 reaffirmed a “hold” rating and issued a $33.00 target price on shares of Foot Locker in a research report on Friday, November 10th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Foot Locker has an average rating of “Buy” and a consensus target price of $56.15.
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Foot Locker 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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