Hartford Investment Management Co. Acquires 4,390 Shares of Foot Locker, Inc. (FL)

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Hartford Investment Management Co. increased its holdings in shares of Foot Locker, Inc. (NYSE:FL) by 23.1% during the fourth quarter, HoldingsChannel reports. The firm owned 23,419 shares of the athletic footwear retailer’s stock after buying an additional 4,390 shares during the period. Hartford Investment Management Co.’s holdings in Foot Locker were worth $1,246,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in FL. Vanguard Group Inc. lifted its position in Foot Locker by 0.7% during the third quarter. Vanguard Group Inc. now owns 12,178,329 shares of the athletic footwear retailer’s stock valued at $620,851,000 after acquiring an additional 85,314 shares during the last quarter. Vanguard Group Inc lifted its position in Foot Locker by 0.7% during the third quarter. Vanguard Group Inc now owns 12,178,329 shares of the athletic footwear retailer’s stock valued at $620,851,000 after acquiring an additional 85,314 shares during the last quarter. BlackRock Inc. lifted its position in Foot Locker by 0.3% during the third quarter. BlackRock Inc. now owns 6,900,629 shares of the athletic footwear retailer’s stock valued at $351,793,000 after acquiring an additional 18,239 shares during the last quarter. AQR Capital Management LLC lifted its position in Foot Locker by 140.8% during the third quarter. AQR Capital Management LLC now owns 5,694,180 shares of the athletic footwear retailer’s stock valued at $290,289,000 after acquiring an additional 3,329,150 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in Foot Locker by 2.8% during the third quarter. Bank of New York Mellon Corp now owns 5,248,477 shares of the athletic footwear retailer’s stock valued at $267,569,000 after acquiring an additional 144,290 shares during the last quarter. Hedge funds and other institutional investors own 97.86% of the company’s stock.

In other news, Director Matthew M. Mckenna sold 7,000 shares of Foot Locker stock in a transaction dated Monday, November 19th. The shares were sold at an average price of $50.81, for a total value of $355,670.00. Following the sale, the director now owns 30,459 shares in the company, valued at $1,547,621.79. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP John A. Maurer sold 2,041 shares of Foot Locker stock in a transaction dated Friday, December 28th. The shares were sold at an average price of $52.00, for a total transaction of $106,132.00. Following the completion of the sale, the vice president now owns 18,540 shares in the company, valued at approximately $964,080. The disclosure for this sale can be found here. In the last three months, insiders have sold 16,082 shares of company stock valued at $832,934. 2.10% of the stock is currently owned by corporate insiders.

A number of equities research analysts recently commented on the stock. Zacks Investment Research cut shares of Foot Locker from a “buy” rating to a “hold” rating in a research report on Tuesday, December 18th. Piper Jaffray Companies set a $51.00 price target on shares of Foot Locker and gave the stock a “hold” rating in a report on Wednesday, November 21st. TheStreet raised shares of Foot Locker from a “c” rating to a “b-” rating in a report on Tuesday, November 20th. Pivotal Research reaffirmed a “buy” rating and issued a $64.00 price target on shares of Foot Locker in a report on Monday, November 19th. Finally, Cowen set a $56.00 price target on shares of Foot Locker and gave the stock a “hold” rating in a report on Wednesday, November 21st. One analyst has rated the stock with a sell rating, six have assigned a hold rating and fourteen have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $58.67.

Shares of Foot Locker stock opened at $56.94 on Tuesday. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.42 and a quick ratio of 1.54. Foot Locker, Inc. has a 1 year low of $38.17 and a 1 year high of $59.40. The firm has a market cap of $6.37 billion, a P/E ratio of 13.85, a price-to-earnings-growth ratio of 1.54 and a beta of 0.77.

Foot Locker (NYSE:FL) last issued its earnings results on Tuesday, November 20th. The athletic footwear retailer reported $0.95 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.92 by $0.03. Foot Locker had a net margin of 4.24% and a return on equity of 21.01%. The firm had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.86 billion. During the same quarter last year, the company posted $0.87 earnings per share. The firm’s revenue was down .5% compared to the same quarter last year. As a group, equities analysts anticipate that Foot Locker, Inc. will post 4.51 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, February 1st. Investors of record on Friday, January 18th were issued a dividend of $0.345 per share. The ex-dividend date was Thursday, January 17th. This represents a $1.38 annualized dividend and a dividend yield of 2.42%. Foot Locker’s dividend payout ratio (DPR) is presently 33.58%.

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Foot Locker Company Profile

Foot Locker, Inc, through its subsidiaries, operates as an athletic shoes and apparel retailer. The company operates in two segments, Athletic Stores and Direct-to-Customers. The Athletic Stores segment retails athletic footwear, apparel, accessories, and equipment under various formats, including Foot Locker, Kids Foot Locker, Lady Foot Locker, Champs Sports, Footaction, Runners Point, Sidestep, and SIX:02.

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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).

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

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