Zeke Capital Advisors LLC acquired a new stake in Foot Locker, Inc. (NYSE:FL) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 13,019 shares of the athletic footwear retailer’s stock, valued at approximately $610,000.
Other large investors have also recently bought and sold shares of the company. CenterStar Asset Management LLC acquired a new position in shares of Foot Locker in the fourth quarter valued at approximately $138,000. Truewealth LLC acquired a new position in shares of Foot Locker in the fourth quarter valued at approximately $169,000. Assetmark Inc. increased its position in Foot Locker by 205.0% during the third quarter. Assetmark Inc. now owns 3,834 shares of the athletic footwear retailer’s stock worth $135,000 after purchasing an additional 2,577 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. acquired a new position in Foot Locker during the fourth quarter worth approximately $188,000. Finally, Cigna Investments Inc. New acquired a new position in Foot Locker during the fourth quarter worth approximately $217,000. 96.49% of the stock is owned by institutional investors and hedge funds.
Several equities analysts recently commented on FL shares. ValuEngine raised shares of Foot Locker from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Citigroup upped their price target on shares of Foot Locker from $40.00 to $47.00 and gave the stock a “buy” rating in a research report on Monday, November 20th. Canaccord Genuity raised shares of Foot Locker from a “hold” rating to a “buy” rating and upped their price target for the stock from $42.00 to $64.00 in a research report on Friday, December 15th. Zacks Investment Research raised shares of Foot Locker from a “hold” rating to a “buy” rating and set a $53.00 price target for the company in a research report on Tuesday, December 26th. Finally, Buckingham Research raised shares of Foot Locker from a “neutral” rating to a “buy” rating and set a $57.00 price target for the company in a research report on Friday, January 5th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and sixteen have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $54.23.
Shares of Foot Locker, Inc. (NYSE:FL) opened at $44.11 on Friday. Foot Locker, Inc. has a 52-week low of $28.42 and a 52-week high of $77.86. The stock has a market cap of $5,346.35, a price-to-earnings ratio of 20.42, a PEG ratio of 1.54 and a beta of 0.84. The company has a quick ratio of 2.07, a current ratio of 4.14 and a debt-to-equity ratio of 0.05.
Foot Locker (NYSE:FL) last announced its earnings results on Friday, March 2nd. The athletic footwear retailer reported $1.26 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.01. The business had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.23 billion. Foot Locker had a net margin of 3.65% and a return on equity of 19.32%. The business’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.37 earnings per share. research analysts forecast that Foot Locker, Inc. will post 4.4 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, May 4th. Stockholders of record on Friday, April 20th will be paid a $0.345 dividend. The ex-dividend date is Thursday, April 19th. This is an increase from Foot Locker’s previous quarterly dividend of $0.31. This represents a $1.38 annualized dividend and a dividend yield of 3.13%. Foot Locker’s dividend payout ratio is 57.41%.
In other news, CEO Lewis Phillip Kimble sold 11,043 shares of the company’s stock in a transaction on Monday, March 12th. The shares were sold at an average price of $42.71, for a total value of $471,646.53. 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 1,500 shares of the company’s stock in a transaction on Monday, March 12th. The shares were sold at an average price of $43.44, for a total transaction of $65,160.00. The disclosure for this sale can be found here. Insiders sold 69,442 shares of company stock valued at $3,338,499 over the last 90 days. Insiders own 2.90% of the company’s stock.
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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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