Raymond James Financial Services Advisors Inc. increased its position in shares of Foot Locker, Inc. (NYSE:FL) by 5.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 34,185 shares of the athletic footwear retailer’s stock after acquiring an additional 1,900 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Foot Locker were worth $1,603,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently modified their holdings of FL. Smithfield Trust Co. lifted its stake in Foot Locker by 276.2% in the 3rd quarter. Smithfield Trust Co. now owns 3,198 shares of the athletic footwear retailer’s stock valued at $113,000 after purchasing an additional 2,348 shares during the last quarter. Assetmark Inc. lifted its stake in Foot Locker by 205.0% in the 3rd quarter. Assetmark Inc. now owns 3,834 shares of the athletic footwear retailer’s stock valued at $135,000 after purchasing an additional 2,577 shares during the last quarter. CenterStar Asset Management LLC bought a new position in Foot Locker in the 4th quarter valued at approximately $138,000. Harel Insurance Investments & Financial Services Ltd. bought a new position in Foot Locker in the 4th quarter valued at approximately $188,000. Finally, Cigna Investments Inc. New bought a new position in Foot Locker in the 4th quarter valued at approximately $217,000. 96.49% of the stock is owned by institutional investors and hedge funds.
Several brokerages recently commented on FL. Pivotal Research initiated coverage on shares of Foot Locker in a research note on Thursday, January 25th. They issued a “buy” rating and a $65.00 price objective for the company. Wedbush reaffirmed an “outperform” rating and set a $59.00 price target (up previously from $52.00) on shares of Foot Locker in a research note on Thursday, January 25th. Barclays raised their price target on shares of Foot Locker from $55.00 to $60.00 and gave the company an “overweight” rating in a research note on Tuesday, January 30th. Oppenheimer raised shares of Foot Locker from a “market perform” rating to an “outperform” rating and set a $70.00 price target for the company in a research note on Wednesday, January 31st. Finally, ValuEngine downgraded shares of Foot Locker from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and sixteen have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $54.23.
In other Foot Locker news, CEO Richard A. Johnson sold 25,000 shares of the firm’s stock in a transaction on Friday, January 19th. The shares were sold at an average price of $50.05, for a total value of $1,251,250.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Giovanna Cipriano sold 21,000 shares of the firm’s stock in a transaction on Friday, January 19th. The stock was sold at an average price of $50.05, for a total transaction of $1,051,050.00. The disclosure for this sale can be found here. Insiders sold 69,442 shares of company stock valued at $3,338,499 over the last 90 days. Corporate insiders own 1.73% of the company’s stock.
Foot Locker, Inc. (FL) traded down $0.60 on Wednesday, hitting $43.26. 2,161,498 shares of the stock traded hands, compared to its average volume of 4,470,000. Foot Locker, Inc. has a 52 week low of $28.42 and a 52 week high of $77.86. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.07 and a current ratio of 4.14. The firm has a market capitalization of $5,240.00, a PE ratio of 14.57, a PEG ratio of 1.52 and a beta of 0.84.
Foot Locker (NYSE:FL) last posted its quarterly earnings results on Friday, March 2nd. The athletic footwear retailer reported $1.26 EPS for the quarter, topping analysts’ consensus estimates of $1.25 by $0.01. The business had revenue of $2.21 billion during the quarter, compared to analysts’ expectations of $2.23 billion. Foot Locker had a net margin of 3.65% and a return on equity of 19.32%. The business’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period last year, the company posted $1.37 earnings per share. equities research analysts anticipate that Foot Locker, Inc. will post 4.4 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, May 4th. Shareholders of record on Friday, April 20th will be issued a $0.345 dividend. This represents a $1.38 dividend on an annualized basis and a yield of 3.19%. This is a boost from Foot Locker’s previous quarterly dividend of $0.31. The ex-dividend date is Thursday, April 19th. Foot Locker’s dividend payout ratio (DPR) is presently 41.75%.
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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.
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