Westside Investment Management Inc. decreased its holdings in shares of Foot Locker, Inc. (NYSE:FL) by 1.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,855 shares of the athletic footwear retailer’s stock after selling 215 shares during the quarter. Westside Investment Management Inc.’s holdings in Foot Locker were worth $1,109,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also modified their holdings of the company. LSV Asset Management increased its stake in Foot Locker by 16.9% in the fourth quarter. LSV Asset Management now owns 3,401,037 shares of the athletic footwear retailer’s stock valued at $180,935,000 after acquiring an additional 491,986 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in Foot Locker by 10.9% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 7,308 shares of the athletic footwear retailer’s stock valued at $389,000 after acquiring an additional 716 shares during the last quarter. ClariVest Asset Management LLC increased its stake in Foot Locker by 15.7% in the fourth quarter. ClariVest Asset Management LLC now owns 107,394 shares of the athletic footwear retailer’s stock valued at $5,714,000 after acquiring an additional 14,571 shares during the last quarter. Financial Gravity Companies Inc. bought a new position in Foot Locker in the fourth quarter valued at $74,000. Finally, New Amsterdam Partners LLC NY increased its stake in Foot Locker by 1.5% in the fourth quarter. New Amsterdam Partners LLC NY now owns 52,606 shares of the athletic footwear retailer’s stock valued at $2,799,000 after acquiring an additional 780 shares during the last quarter. 97.86% of the stock is currently owned by institutional investors and hedge funds.
In related news, Director Matthew M. Mckenna sold 7,000 shares of the firm’s stock in a transaction that occurred on Monday, November 19th. The shares were sold at an average price of $50.81, for a total value of $355,670.00. Following the sale, the director now owns 30,459 shares in the company, valued at $1,547,621.79. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP John A. Maurer sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 21st. The stock was sold at an average price of $53.00, for a total transaction of $265,000.00. Following the completion of the sale, the vice president now owns 25,581 shares in the company, valued at approximately $1,355,793. The disclosure for this sale can be found here. Insiders have sold 16,082 shares of company stock valued at $832,934 in the last ninety days. Insiders own 2.10% of the company’s stock.
Shares of Foot Locker stock traded up $0.43 during trading on Monday, reaching $56.92. 47,018 shares of the stock were exchanged, compared to its average volume of 2,024,691. The company has a current ratio of 3.42, a quick ratio of 1.54 and a debt-to-equity ratio of 0.05. The firm has a market cap of $6.37 billion, a P/E ratio of 13.87, a P/E/G ratio of 1.54 and a beta of 0.77. Foot Locker, Inc. has a 1 year low of $38.17 and a 1 year high of $59.40.
Foot Locker (NYSE:FL) last issued its quarterly earnings data on Tuesday, November 20th. The athletic footwear retailer reported $0.95 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.92 by $0.03. Foot Locker had a net margin of 4.24% and a return on equity of 21.01%. The business had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same period last year, the business posted $0.87 earnings per share. Foot Locker’s quarterly revenue was down .5% compared to the same quarter last year. Research analysts forecast that Foot Locker, Inc. will post 4.51 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, February 1st. Shareholders of record on Friday, January 18th were paid a dividend of $0.345 per share. This represents a $1.38 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date was Thursday, January 17th. Foot Locker’s dividend payout ratio is 33.58%.
Several analysts have issued reports on the stock. Zacks Investment Research lowered shares of Foot Locker from a “buy” rating to a “hold” rating in a research report on Tuesday, December 18th. Piper Jaffray Companies set a $51.00 price target on shares of Foot Locker and gave the company a “hold” rating in a research report on Wednesday, November 21st. TheStreet upgraded shares of Foot Locker from a “c” rating to a “b-” rating in a research report on Tuesday, November 20th. Pivotal Research restated a “buy” rating and set a $64.00 price target on shares of Foot Locker in a research report on Monday, November 19th. Finally, Cowen set a $56.00 price target on shares of Foot Locker and gave the company a “hold” rating in a research report on Wednesday, November 21st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and fourteen have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $58.67.
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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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