TIAA CREF Investment Management LLC Has $96.57 Million Position in Foot Locker, Inc. (FL)

TIAA CREF Investment Management LLC decreased its stake in Foot Locker, Inc. (NYSE:FL) by 15.7% during the first quarter, Holdings Channel reports. The fund owned 1,290,902 shares of the athletic footwear retailer’s stock after selling 240,619 shares during the period. TIAA CREF Investment Management LLC’s holdings in Foot Locker were worth $96,572,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of Foot Locker by 0.4% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,757 shares of the athletic footwear retailer’s stock valued at $550,000 after buying an additional 29 shares during the last quarter. Prudential PLC increased its stake in shares of Foot Locker by 20.8% in the fourth quarter. Prudential PLC now owns 350,600 shares of the athletic footwear retailer’s stock valued at $24,854,000 after buying an additional 60,400 shares during the last quarter. Van ECK Associates Corp increased its stake in shares of Foot Locker by 7.3% in the fourth quarter. Van ECK Associates Corp now owns 1,938 shares of the athletic footwear retailer’s stock valued at $137,000 after buying an additional 132 shares during the last quarter. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of Foot Locker during the fourth quarter valued at approximately $309,000. Finally, State Street Corp increased its stake in shares of Foot Locker by 5.7% in the fourth quarter. State Street Corp now owns 6,061,366 shares of the athletic footwear retailer’s stock valued at $429,684,000 after buying an additional 326,005 shares during the last quarter. 96.45% of the stock is currently owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Foot Locker (NYSE:FL)

Foot Locker, Inc. (FL) traded up 0.62% during trading on Monday, reaching $55.12. The company had a trading volume of 2,630,811 shares. The company has a 50-day moving average price of $68.04 and a 200 day moving average price of $71.63. Foot Locker, Inc. has a one year low of $50.90 and a one year high of $79.43. The company has a market capitalization of $7.24 billion, a price-to-earnings ratio of 11.31 and a beta of 0.63.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 28th. Shareholders of record on Friday, July 14th will be paid a $0.31 dividend. The ex-dividend date is Wednesday, July 12th. This represents a $1.24 annualized dividend and a yield of 2.26%. Foot Locker’s dividend payout ratio (DPR) is 25.36%.

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FL has been the topic of several recent research reports. B. Riley reissued a “buy” rating and issued a $79.00 price target on shares of Foot Locker in a research note on Wednesday, April 26th. Jefferies Group LLC reissued a “buy” rating and issued a $88.00 price target on shares of Foot Locker in a research note on Friday, April 21st. FBR & Co set a $76.00 price target on Foot Locker and gave the company a “hold” rating in a research note on Monday, February 27th. Zacks Investment Research downgraded Foot Locker from a “buy” rating to a “hold” rating in a research note on Thursday, March 2nd. Finally, Susquehanna Bancshares Inc reissued a “positive” rating and issued a $86.00 price target on shares of Foot Locker in a research note on Friday, April 21st. Seven equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $75.52.

In other Foot Locker news, SVP Paulette Alviti sold 8,000 shares of the stock in a transaction dated Thursday, April 20th. The shares were sold at an average price of $74.50, for a total value of $596,000.00. Following the completion of the sale, the senior vice president now owns 36,641 shares in the company, valued at approximately $2,729,754.50. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Jarobin Gilbert, Jr. sold 5,600 shares of the stock in a transaction dated Wednesday, May 24th. The shares were sold at an average price of $59.40, for a total transaction of $332,640.00. Following the completion of the sale, the director now owns 8,964 shares of the company’s stock, valued at approximately $532,461.60. The disclosure for this sale can be found here. Company insiders own 1.73% of the company’s stock.

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 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “FL”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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