Waverton Investment Management Ltd cut its position in shares of Foot Locker Inc. (NYSE:FL) by 1.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 98,225 shares of the company’s stock after selling 1,675 shares during the period. Waverton Investment Management Ltd’s holdings in Foot Locker were worth $5,389,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in FL. Huntington National Bank raised its stake in shares of Foot Locker by 187.3% in the second quarter. Huntington National Bank now owns 2,396 shares of the company’s stock worth $131,000 after buying an additional 1,562 shares during the period. HL Financial Services LLC boosted its position in Foot Locker by 9.8% in the second quarter. HL Financial Services LLC now owns 3,659 shares of the company’s stock valued at $201,000 after buying an additional 328 shares in the last quarter. Emerald Mutual Fund Advisers Trust boosted its position in Foot Locker by 2.5% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 3,794 shares of the company’s stock valued at $208,000 after buying an additional 93 shares in the last quarter. Raymond James Trust N.A. boosted its position in Foot Locker by 2.0% in the second quarter. Raymond James Trust N.A. now owns 3,819 shares of the company’s stock valued at $210,000 after buying an additional 76 shares in the last quarter. Finally, NEXT Financial Group Inc boosted its position in Foot Locker by 0.7% in the second quarter. NEXT Financial Group Inc now owns 4,530 shares of the company’s stock valued at $248,000 after buying an additional 30 shares in the last quarter. Institutional investors own 98.06% of the company’s stock.
Shares of Foot Locker Inc. (NYSE:FL) traded down 0.10% on Thursday, hitting $67.92. The stock had a trading volume of 800,185 shares. Foot Locker Inc. has a 52 week low of $50.90 and a 52 week high of $71.71. The company has a market capitalization of $9.05 billion, a price-to-earnings ratio of 16.90 and a beta of 0.61. The company has a 50-day moving average of $66.34 and a 200 day moving average of $60.61.
Foot Locker (NYSE:FL) last announced its earnings results on Friday, August 19th. The company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.90 by $0.04. Foot Locker had a return on equity of 23.99% and a net margin of 7.35%. The company had revenue of $1.78 billion for the quarter, compared to analyst estimates of $1.76 billion. During the same quarter in the prior year, the company earned $0.84 EPS. The firm’s revenue for the quarter was up 5.0% compared to the same quarter last year. On average, equities research analysts predict that Foot Locker Inc. will post $4.76 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, October 28th. Shareholders of record on Friday, October 14th will be issued a $0.275 dividend. The ex-dividend date of this dividend is Wednesday, October 12th. This represents a $1.10 annualized dividend and a yield of 1.62%. Foot Locker’s payout ratio is currently 27.23%.
Several equities analysts recently issued reports on FL shares. JPMorgan Chase & Co. reiterated a “focus list” rating on shares of Foot Locker in a report on Monday, September 26th. Guggenheim started coverage on Foot Locker in a report on Friday, September 30th. They issued a “neutral” rating on the stock. Susquehanna raised their price target on Foot Locker from $73.00 to $80.00 and gave the company a “positive” rating in a report on Monday, August 22nd. Jefferies Group raised their price target on Foot Locker from $73.00 to $80.00 and gave the company a “buy” rating in a report on Monday, August 22nd. Finally, B. Riley cut Foot Locker from a “buy” rating to a “neutral” rating in a report on Monday, August 22nd. One investment analyst has rated the stock with a sell rating, six have given a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $73.53.
In other Foot Locker news, Chairman Richard A. Johnson sold 50,000 shares of the stock in a transaction that occurred on Friday, August 19th. The stock was sold at an average price of $68.04, for a total value of $3,402,000.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Jarobin Gilbert, Jr. sold 1,000 shares of the stock in a transaction that occurred on Friday, July 8th. The stock was 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 owns 12,876 shares in the company, valued at approximately $738,567.36. The disclosure for this sale can be found here. 2.90% of the stock is owned by company insiders.
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’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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