ClariVest Asset Management LLC raised its position in Foot Locker Inc. (NYSE:FL) by 0.1% during the second quarter, Holdings Channel reports. The firm owned 388,986 shares of the company’s stock after buying an additional 416 shares during the period. ClariVest Asset Management LLC’s holdings in Foot Locker were worth $21,340,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of the company. State Street Corp raised its position in shares of Foot Locker by 1.1% in the first quarter. State Street Corp now owns 4,849,616 shares of the company’s stock worth $312,800,000 after buying an additional 51,260 shares during the period. Nordea Investment Management AB raised its position in shares of Foot Locker by 0.3% in the second quarter. Nordea Investment Management AB now owns 2,871,414 shares of the company’s stock worth $157,526,000 after buying an additional 7,335 shares during the period. Bank of Montreal Can acquired a new position in shares of Foot Locker during the second quarter worth about $74,928,000. NN Investment Partners Holdings N.V. raised its position in shares of Foot Locker by 1.7% in the second quarter. NN Investment Partners Holdings N.V. now owns 1,333,935 shares of the company’s stock worth $73,180,000 after buying an additional 22,397 shares during the period. Finally, Credit Agricole S A raised its position in shares of Foot Locker by 32.9% in the first quarter. Credit Agricole S A now owns 1,201,658 shares of the company’s stock worth $77,507,000 after buying an additional 297,390 shares during the period. 98.06% of the stock is owned by institutional investors and hedge funds.
Foot Locker Inc. (NYSE:FL) traded down 0.06% during trading on Thursday, reaching $67.95. The company’s stock had a trading volume of 1,248,161 shares. The company has a market cap of $9.05 billion, a P/E ratio of 16.90 and a beta of 0.61. Foot Locker Inc. has a 52 week low of $50.90 and a 52 week high of $71.71. The company’s 50 day moving average price is $66.34 and its 200 day moving average price is $60.61.
Foot Locker (NYSE:FL) last announced its quarterly earnings results on Friday, August 19th. The company reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.04. Foot Locker had a net margin of 7.35% and a return on equity of 23.99%. The company earned $1.78 billion during the quarter, compared to analyst estimates of $1.76 billion. During the same quarter in the previous year, the business earned $0.84 EPS. The firm’s revenue was up 5.0% on a year-over-year basis. On average, equities analysts anticipate that Foot Locker Inc. will post $4.76 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, October 28th. Stockholders of record on Friday, October 14th will be issued a $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 1.62%. The ex-dividend date of this dividend is Wednesday, October 12th. Foot Locker’s dividend payout ratio (DPR) is 27.23%.
A number of equities analysts recently issued reports on FL shares. Zacks Investment Research raised Foot Locker from a “sell” rating to a “hold” rating in a report on Tuesday, August 16th. Guggenheim started coverage on Foot Locker in a research note on Friday, September 30th. They set a “neutral” rating for the company. Canaccord Genuity set a $75.00 price target on Foot Locker and gave the company a “buy” rating in a research note on Monday, August 15th. Brean Capital increased their price target on Foot Locker from $68.00 to $77.00 and gave the company a “buy” rating in a research note on Monday, August 22nd. Finally, Telsey Advisory Group increased their price target on Foot Locker from $72.00 to $78.00 and gave the company an “outperform” rating in a research note on Monday, August 22nd. One analyst has rated the stock with a sell rating, six have issued a hold rating, sixteen have issued a buy rating and two have given a strong buy rating to the company’s stock. Foot Locker presently has a consensus rating of “Buy” and an average target price of $73.53.
In related news, Director Jarobin Gilbert, Jr. sold 1,000 shares of the company’s stock in a transaction on Friday, July 8th. The shares were sold at an average price of $57.36, for a total value of $57,360.00. Following the completion of the transaction, the director now directly owns 12,876 shares of the company’s stock, valued at approximately $738,567.36. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Lauren B. Peters sold 20,000 shares of the company’s stock in a transaction on Monday, August 22nd. The stock was sold at an average price of $68.00, for a total transaction of $1,360,000.00. Following the completion of the transaction, the chief financial officer now directly owns 139,597 shares of the company’s stock, valued at $9,492,596. The disclosure for this sale can be found here. 2.90% of the stock is currently owned by insiders.
About Foot Locker
Foot Locker, Inc is a retailer of shoes and apparel. The Company operates through two segments: Athletic Stores and Direct-to-Customers. The Company’s Athletic Stores segment is an athletic footwear and apparel retailer whose formats include Foot Locker, Lady Foot Locker, Kids Foot Locker, Champs Sports, Footaction, SIX:02, Runners Point Group, including Runners Point and Sidestep.
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