USA Financial Portformulas Corp acquired a new position in shares of Foot Locker, Inc. (NYSE:FL) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,114 shares of the athletic footwear retailer’s stock, valued at approximately $474,000.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Aristotle Fund L.P. bought a new position in shares of Foot Locker in the fourth quarter worth about $3,375,000. Maverick Capital Ltd. acquired a new position in shares of Foot Locker in the fourth quarter valued at approximately $6,454,000. Yorktown Management & Research Co Inc acquired a new position in shares of Foot Locker in the fourth quarter valued at approximately $328,000. Mackenzie Financial Corp acquired a new position in shares of Foot Locker in the fourth quarter valued at approximately $3,568,000. Finally, Ascend Capital LLC acquired a new position in shares of Foot Locker in the fourth quarter valued at approximately $5,228,000. 96.49% of the stock is owned by institutional investors and hedge funds.
Several analysts have recently commented on the stock. Pivotal Research reaffirmed a “buy” rating and set a $57.00 price objective (down previously from $65.00) on shares of Foot Locker in a research report on Monday, March 5th. Buckingham Research cut their target price on Foot Locker from $57.00 to $53.00 and set a “buy” rating on the stock in a report on Monday, March 5th. Zacks Investment Research cut Foot Locker from a “buy” rating to a “hold” rating in a research note on Monday. Citigroup dropped their price objective on Foot Locker from $54.00 to $46.00 and set a “buy” rating on the stock in a research note on Monday, March 5th. Finally, Robert W. Baird reaffirmed a “hold” rating on shares of Foot Locker in a research report on Tuesday, March 6th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and sixteen have assigned a buy rating to the company. Foot Locker currently has an average rating of “Hold” and a consensus price target of $54.23.
Shares of Foot Locker, Inc. (NYSE FL) traded down $0.60 on Wednesday, reaching $43.26. The company’s stock had a trading volume of 2,161,998 shares, compared to its average volume of 4,002,770. 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 stock has a market capitalization of $5,320.00, a PE ratio of 14.57, a price-to-earnings-growth ratio of 1.52 and a beta of 0.84. Foot Locker, Inc. has a fifty-two week low of $28.42 and a fifty-two week high of $77.86.
Foot Locker (NYSE:FL) last issued 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. Foot Locker had a return on equity of 19.32% and a net margin of 3.65%. The business had revenue of $2.21 billion during the quarter, compared to analysts’ expectations of $2.23 billion. During the same quarter in the prior year, the business posted $1.37 earnings per share. The business’s quarterly revenue was up 4.6% on a year-over-year basis. equities research analysts forecast that Foot Locker, Inc. will post 4.4 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, May 4th. Investors of record on Friday, April 20th will be given a dividend of $0.345 per share. The ex-dividend date of this dividend is Thursday, April 19th. This represents a $1.38 annualized dividend and a dividend yield of 3.19%. This is a boost from Foot Locker’s previous quarterly dividend of $0.31. Foot Locker’s dividend payout ratio (DPR) is currently 41.75%.
In other Foot Locker news, SVP Giovanna Cipriano sold 21,000 shares of the firm’s stock in a transaction that occurred 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Lewis Phillip Kimble sold 11,043 shares of the firm’s stock in a transaction that occurred on Monday, March 12th. The shares were sold at an average price of $42.71, for a total value of $471,646.53. The disclosure for this sale can be found here. Insiders have sold 69,442 shares of company stock valued at $3,338,499 in the last quarter. 1.73% of the stock is currently owned by company insiders.
ILLEGAL ACTIVITY NOTICE: “USA Financial Portformulas Corp Purchases New Position in Foot Locker, Inc. (NYSE:FL)” was posted by The Lincolnian Online and is owned by of The Lincolnian Online. If you are viewing this article on another domain, it was illegally stolen and reposted in violation of U.S. and international copyright & trademark law. The correct version of this article can be accessed at https://www.thelincolnianonline.com/2018/03/14/usa-financial-portformulas-corp-invests-474000-in-foot-locker-inc-fl-stock.html.
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 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.
Receive News & Ratings for Foot Locker Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Foot Locker and related companies with MarketBeat.com's FREE daily email newsletter.