Retirement Systems of Alabama lowered its position in shares of Foot Locker Inc. (NYSE:FL) by 79.8% during the second quarter, Holdings Channel reports. The institutional investor owned 69,381 shares of the company’s stock after selling 273,712 shares during the period. Retirement Systems of Alabama’s holdings in Foot Locker were worth $3,806,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in FL. Bank of Montreal Can purchased a new position in shares of Foot Locker during the second quarter worth $74,928,000. Canada Pension Plan Investment Board raised its position in Foot Locker by 5,996.0% in the first quarter. Canada Pension Plan Investment Board now owns 755,900 shares of the company’s stock valued at $48,756,000 after buying an additional 743,500 shares during the last quarter. AXA raised its position in Foot Locker by 642.9% in the first quarter. AXA now owns 329,900 shares of the company’s stock valued at $21,279,000 after buying an additional 285,490 shares during the last quarter. PGGM Investments raised its position in Foot Locker by 52.6% in the second quarter. PGGM Investments now owns 631,807 shares of the company’s stock valued at $34,661,000 after buying an additional 217,784 shares during the last quarter. Finally, Logan Capital Management Inc. bought a new position in Foot Locker during the first quarter valued at about $12,364,000. 98.09% of the stock is currently owned by institutional investors.
Shares of Foot Locker Inc. (NYSE:FL) traded down 1.02% during mid-day trading on Monday, hitting $67.89. The company had a trading volume of 919,777 shares. Foot Locker Inc. has a 1-year low of $50.90 and a 1-year high of $71.00. The company has a market capitalization of $9.05 billion, a price-to-earnings ratio of 16.89 and a beta of 0.61. The company has a 50-day moving average price of $66.90 and a 200-day moving average price of $60.81.
Foot Locker (NYSE:FL) last announced its quarterly earnings data on Friday, August 19th. The company reported $0.94 earnings per share (EPS) for the quarter, topping 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 analysts’ expectations of $1.76 billion. During the same quarter in the prior year, the firm earned $0.84 earnings per share. Foot Locker’s revenue was up 5.0% compared to the same quarter last year. On average, equities 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 paid 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 dividend payout ratio (DPR) is currently 27.23%.
Several research firms recently issued reports on FL. Zacks Investment Research lowered Foot Locker from a “buy” rating to a “hold” rating in a research report on Friday, October 7th. Guggenheim began coverage on Foot Locker in a research report on Friday, September 30th. They set a “neutral” rating on the stock. JPMorgan Chase & Co. restated a “focus list” rating on shares of Foot Locker in a research report on Monday, September 26th. Piper Jaffray Cos. set a $72.00 price target on Foot Locker and gave the stock a “buy” rating in a research report on Thursday, September 8th. Finally, Brean Capital restated a “buy” rating and set a $77.00 price target on shares of Foot Locker in a research report on Wednesday, August 31st. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company. Foot Locker has an average rating of “Buy” and a consensus price target of $72.87.
In other news, CEO Lewis Phillip Kimble sold 43,479 shares of the stock in a transaction on Wednesday, September 7th. The stock was sold at an average price of $65.40, for a total transaction of $2,843,526.60. Following the completion of the sale, the chief executive officer now owns 26,131 shares in the company, valued at approximately $1,708,967.40. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman Richard A. Johnson sold 50,000 shares of the stock in a transaction on Friday, August 19th. The shares were sold at an average price of $68.04, for a total value of $3,402,000.00. The disclosure for this sale can be found here. 2.92% of the stock is owned by corporate 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.
Want to see what other hedge funds are holding FL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Foot Locker Inc. (NYSE:FL).
Receive News & Ratings for Foot Locker Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Foot Locker Inc. and related companies with MarketBeat.com's FREE daily email newsletter.