Nationwide Fund Advisors lowered its stake in shares of Foot Locker Inc. (NYSE:FL) by 90.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 38,587 shares of the company’s stock after selling 364,148 shares during the period. Nationwide Fund Advisors’ holdings in Foot Locker were worth $2,117,000 as of its most recent filing with the SEC.
A number of other large investors have also made changes to their positions in FL. Global X Management Co. LLC increased its stake in Foot Locker by 310.6% in the second quarter. Global X Management Co. LLC now owns 1,823 shares of the company’s stock worth $100,000 after buying an additional 1,379 shares in the last quarter. Huntington National Bank increased its stake in 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 in the last quarter. HL Financial Services LLC increased its stake in Foot Locker by 9.8% in the second quarter. HL Financial Services LLC now owns 3,659 shares of the company’s stock worth $201,000 after buying an additional 328 shares in the last quarter. Emerald Mutual Fund Advisers Trust increased its stake 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 worth $208,000 after buying an additional 93 shares in the last quarter. Finally, Raymond James Trust N.A. increased its stake 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 worth $210,000 after buying an additional 76 shares in the last quarter. 98.06% of the stock is owned by institutional investors and hedge funds.
Shares of Foot Locker Inc. (NYSE:FL) traded down 1.34% on Thursday, hitting $68.30. The stock had a trading volume of 447,610 shares. The stock has a 50 day moving average of $66.81 and a 200-day moving average of $60.78. Foot Locker Inc. has a 12 month low of $50.90 and a 12 month high of $71.04. The stock has a market cap of $9.10 billion, a PE ratio of 16.99 and a beta of 0.61.
Foot Locker (NYSE:FL) last issued its quarterly earnings data on Friday, August 19th. The company reported $0.94 EPS for the quarter, topping the Thomson Reuters’ 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 earned $1.78 billion during the quarter, compared to analyst estimates of $1.76 billion. During the same quarter in the previous year, the company posted $0.84 earnings per share. Foot Locker’s revenue was up 5.0% compared to the same quarter last year. Equities research analysts anticipate that Foot Locker Inc. will post $4.76 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 28th. Investors 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 1.59%. The ex-dividend date is Wednesday, October 12th. Foot Locker’s payout ratio is currently 27.23%.
A number of equities research analysts have recently weighed in on FL shares. B. Riley raised Foot Locker from a “neutral” rating to a “buy” rating and set a $75.00 target price for the company in a report on Friday, August 12th. Deutsche Bank AG reissued a “buy” rating on shares of Foot Locker in a report on Wednesday, August 10th. Canaccord Genuity set a $75.00 target price on Foot Locker and gave the stock a “buy” rating in a report on Monday, August 15th. Jefferies Group reissued a “buy” rating and set a $73.00 target price on shares of Foot Locker in a report on Wednesday, June 29th. Finally, Brean Capital reissued a “buy” rating on shares of Foot Locker in a report on Thursday, June 16th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $72.87.
In related news, Chairman Richard A. Johnson sold 50,000 shares of the business’s stock in a transaction dated Friday, August 19th. The stock was sold at an average price of $68.04, for a total value of $3,402,000.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Lauren B. Peters sold 20,000 shares of the business’s stock in a transaction dated Monday, August 22nd. The stock was sold at an average price of $68.00, for a total value of $1,360,000.00. Following the completion of the sale, the chief financial officer now owns 139,597 shares in the company, valued at $9,492,596. The disclosure for this sale can be found here. 2.90% of the stock is owned by corporate 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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