Foot Locker, Inc. (FL) Position Raised by Formidable Asset Management LLC

Formidable Asset Management LLC increased its position in shares of Foot Locker, Inc. (NYSE:FL) by 11.1% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 12,110 shares of the athletic footwear retailer’s stock after buying an additional 1,209 shares during the period. Formidable Asset Management LLC’s holdings in Foot Locker were worth $927,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Russell Investments Group Ltd. bought a new stake in shares of Foot Locker during the fourth quarter worth $9,219,000. Aberdeen Asset Management PLC UK raised its position in Foot Locker by 2.2% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 39,275 shares of the athletic footwear retailer’s stock valued at $2,784,000 after buying an additional 862 shares during the last quarter. Commerzbank Aktiengesellschaft FI raised its position in Foot Locker by 30.3% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 5,531 shares of the athletic footwear retailer’s stock valued at $392,000 after buying an additional 1,285 shares during the last quarter. Cipher Capital LP acquired a new position in Foot Locker during the fourth quarter valued at approximately $318,000. Finally, Raymond James Financial Services Advisors Inc. acquired a new position in Foot Locker during the fourth quarter valued at approximately $309,000. Institutional investors and hedge funds own 96.51% of the company’s stock.

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

Foot Locker, Inc. (NYSE:FL) traded down 1.8301% during mid-day trading on Tuesday, reaching $50.5084. 1,783,672 shares of the company’s stock were exchanged. The company’s 50 day moving average price is $64.05 and its 200-day moving average price is $70.74. The company has a market capitalization of $6.63 billion, a P/E ratio of 10.3628 and a beta of 0.63. Foot Locker, Inc. has a 52 week low of $50.40 and a 52 week high of $79.43.

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 28th. Stockholders of record on Friday, July 14th will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 2.41%. The ex-dividend date of this dividend is Wednesday, July 12th. Foot Locker’s dividend payout ratio (DPR) is currently 25.36%.

COPYRIGHT VIOLATION WARNING: “Foot Locker, Inc. (FL) Position Raised by Formidable Asset Management LLC” was originally reported by Ticker Report and is the sole property of of Ticker Report. If you are viewing this article on another website, it was illegally stolen and republished in violation of U.S. & international copyright legislation. The legal version of this article can be accessed at https://www.tickerreport.com/banking-finance/2655855/foot-locker-inc-fl-position-raised-by-formidable-asset-management-llc.html.

Several research analysts have recently commented on FL shares. B. Riley reissued a “buy” rating and issued a $79.00 price objective on shares of Foot Locker in a research note on Tuesday, February 21st. Brean Capital reissued a “buy” rating and issued a $78.00 price objective (up previously from $77.00) on shares of Foot Locker in a research note on Wednesday, February 22nd. Deutsche Bank AG reissued a “buy” rating and issued a $81.00 price objective (up previously from $76.00) on shares of Foot Locker in a research note on Wednesday, February 22nd. Canaccord Genuity raised their price objective on shares of Foot Locker from $83.00 to $87.00 and gave the company a “buy” rating in a research note on Wednesday, February 22nd. Finally, Piper Jaffray Companies set a $76.00 price objective on shares of Foot Locker and gave the company a “hold” rating in a research note on Friday, February 24th. Eight equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. Foot Locker currently has an average rating of “Buy” and an average target price of $74.62.

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

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 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”});

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.

Latest News

Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
President Trump Hurting Tourism in the U.S.
President Trump Hurting Tourism in the U.S.
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


Leave a Reply

© 2006-2017 Ticker Report. Google+.