Crossmark Global Holdings Inc. raised its position in shares of Foot Locker, Inc. (NYSE:FL) by 171.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 26,332 shares of the athletic footwear retailer’s stock after purchasing an additional 16,636 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Foot Locker were worth $1,234,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in the business. Bank of New York Mellon Corp raised its stake in Foot Locker by 32.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 3,591,593 shares of the athletic footwear retailer’s stock valued at $126,495,000 after purchasing an additional 870,899 shares during the period. APG Asset Management N.V. raised its stake in Foot Locker by 11.2% during the 3rd quarter. APG Asset Management N.V. now owns 2,776,631 shares of the athletic footwear retailer’s stock valued at $97,793,000 after purchasing an additional 279,200 shares during the period. Dimensional Fund Advisors LP raised its stake in Foot Locker by 36.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,329,354 shares of the athletic footwear retailer’s stock valued at $46,817,000 after purchasing an additional 357,669 shares during the period. Rockefeller Financial Services Inc. acquired a new stake in Foot Locker during the 3rd quarter valued at $42,618,000. Finally, Legal & General Group Plc raised its stake in Foot Locker by 7.3% during the 3rd quarter. Legal & General Group Plc now owns 781,654 shares of the athletic footwear retailer’s stock valued at $27,528,000 after purchasing an additional 53,224 shares during the period. 89.78% of the stock is currently owned by institutional investors.
Several analysts have issued reports on FL shares. Cowen set a $40.00 target price on shares of Foot Locker and gave the company a “hold” rating in a research note on Saturday, November 18th. Zacks Investment Research raised shares of Foot Locker from a “sell” rating to a “hold” rating in a research note on Monday, October 23rd. Deutsche Bank raised shares of Foot Locker from a “hold” rating to a “buy” rating and upped their price target for the stock from $38.00 to $45.00 in a research note on Friday, November 17th. Wells Fargo & Co set a $42.00 price target on shares of Foot Locker and gave the stock a “hold” rating in a research note on Monday, November 20th. Finally, Wedbush reaffirmed an “outperform” rating on shares of Foot Locker in a research note on Monday, February 5th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $56.15.
Shares of Foot Locker, Inc. (NYSE:FL) opened at $48.58 on Thursday. The company has a current ratio of 4.41, a quick ratio of 2.09 and a debt-to-equity ratio of 0.05. Foot Locker, Inc. has a fifty-two week low of $28.42 and a fifty-two week high of $77.86. The stock has a market cap of $5,653.00, a PE ratio of 11.05, a price-to-earnings-growth ratio of 2.17 and a beta of 0.80.
Foot Locker (NYSE:FL) last released its quarterly earnings results on Friday, November 17th. The athletic footwear retailer reported $0.87 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.07. Foot Locker had a net margin of 6.79% and a return on equity of 19.96%. The company had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.82 billion. During the same period in the prior year, the company earned $1.13 earnings per share. The business’s quarterly revenue was down .8% compared to the same quarter last year. equities research analysts predict that Foot Locker, Inc. will post 4.1 EPS for the current fiscal year.
In other news, Director Matthew M. Mckenna sold 10,899 shares of the firm’s stock in a transaction that occurred on Tuesday, January 9th. The shares were sold at an average price of $45.82, for a total transaction 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 transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Giovanna Cipriano sold 21,000 shares of the firm’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 sold 56,899 shares of company stock valued at $2,801,692 in the last three months. Company insiders own 2.90% of the company’s stock.
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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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