Virginia Retirement Systems ET AL bought a new position in shares of Foot Locker (NYSE:FL) during the first quarter, HoldingsChannel reports. The firm bought 15,200 shares of the athletic footwear retailer’s stock, valued at approximately $692,000.
Other hedge funds have also recently bought and sold shares of the company. CenterStar Asset Management LLC purchased a new position in shares of Foot Locker during the 4th quarter worth approximately $138,000. Truewealth LLC purchased a new position in shares of Foot Locker during the 4th quarter worth approximately $169,000. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of Foot Locker during the 4th quarter worth approximately $188,000. Advisor Partners LLC purchased a new position in shares of Foot Locker during the 1st quarter worth approximately $209,000. Finally, Cigna Investments Inc. New purchased a new position in shares of Foot Locker during the 4th quarter worth approximately $217,000. Hedge funds and other institutional investors own 95.21% of the company’s stock.
FL has been the topic of a number of analyst reports. Telsey Advisory Group raised Foot Locker from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $44.00 to $56.00 in a research report on Friday, January 19th. Canaccord Genuity set a $67.00 price target on Foot Locker and gave the stock a “buy” rating in a research report on Friday, January 19th. Wedbush reissued an “outperform” rating and issued a $59.00 price target (up from $52.00) on shares of Foot Locker in a research report on Thursday, January 25th. Pivotal Research initiated coverage on Foot Locker in a research report on Thursday, January 25th. They issued a “buy” rating and a $65.00 price target on the stock. Finally, Barclays boosted their price target on Foot Locker from $55.00 to $60.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 30th. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating and sixteen have assigned a buy rating to the company’s stock. Foot Locker has a consensus rating of “Hold” and a consensus target price of $54.79.
Foot Locker opened at $43.93 on Friday, MarketBeat.com reports. The company has a market capitalization of $5.35 billion, a P/E ratio of 10.69, a price-to-earnings-growth ratio of 1.54 and a beta of 0.86. Foot Locker has a 12-month low of $43.53 and a 12-month high of $44.97. The company has a current ratio of 4.14, a quick ratio of 2.07 and a debt-to-equity ratio of 0.05.
Foot Locker (NYSE:FL) last released its quarterly earnings data on Friday, March 2nd. The athletic footwear retailer reported $1.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.01. The business had revenue of $2.21 billion for the quarter, compared to analysts’ expectations of $2.23 billion. Foot Locker had a return on equity of 19.32% and a net margin of 3.65%. The firm’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.37 EPS. analysts forecast that Foot Locker will post 4.4 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 4th. Investors of record on Friday, April 20th were given a $0.345 dividend. The ex-dividend date was Thursday, April 19th. This is a boost from Foot Locker’s previous quarterly dividend of $0.31. This represents a $1.38 annualized dividend and a yield of 3.14%. Foot Locker’s dividend payout ratio is 33.58%.
In other news, Director Jarobin Gilbert, Jr. sold 1,500 shares of the stock in a transaction on Monday, March 12th. The stock was sold at an average price of $43.44, for a total transaction of $65,160.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Lewis Phillip Kimble sold 11,043 shares of the 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 disclosure for this sale can be found here. Corporate insiders own 2.90% of the company’s stock.
Foot Locker Company Profile
Foot Locker, Inc, through its subsidiaries, operates as an athletic shoes and apparel retailer. The company operates in two segments, Athletic Stores and Direct-to-Customers. The Athletic Stores segment retails athletic footwear, apparel, accessories, and equipment under various formats, including Foot Locker, Kids Foot Locker, Lady Foot Locker, Champs Sports, Footaction, Runners Point, Sidestep, and SIX:02.
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