Mackenzie Financial Corp purchased a new position in Foot Locker, Inc. (NYSE:FL) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 76,118 shares of the athletic footwear retailer’s stock, valued at approximately $3,568,000. Mackenzie Financial Corp owned about 0.06% of Foot Locker at the end of the most recent reporting period.
Several other large investors have also recently modified their holdings of the company. Bank of New York Mellon Corp lifted its position in Foot Locker by 9.6% during the fourth quarter. Bank of New York Mellon Corp now owns 3,935,081 shares of the athletic footwear retailer’s stock worth $184,475,000 after buying an additional 343,488 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Foot Locker by 36.8% during the third quarter. Dimensional Fund Advisors LP now owns 1,329,354 shares of the athletic footwear retailer’s stock worth $46,817,000 after buying an additional 357,669 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in Foot Locker by 7,025.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,132,990 shares of the athletic footwear retailer’s stock worth $53,115,000 after buying an additional 1,117,090 shares in the last quarter. Legal & General Group Plc lifted its position in Foot Locker by 7.3% during the third quarter. Legal & General Group Plc now owns 781,654 shares of the athletic footwear retailer’s stock worth $27,528,000 after buying an additional 53,224 shares in the last quarter. Finally, Bank of Montreal Can lifted its position in Foot Locker by 367.4% during the fourth quarter. Bank of Montreal Can now owns 704,932 shares of the athletic footwear retailer’s stock worth $33,049,000 after buying an additional 554,114 shares in the last quarter. 96.49% of the stock is currently owned by hedge funds and other institutional investors.
In related news, SVP Giovanna Cipriano sold 21,000 shares of the business’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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Lewis Phillip Kimble sold 11,043 shares of the business’s stock in a transaction on Monday, March 12th. The stock was 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 a total of 69,442 shares of company stock valued at $3,338,499 over the last three months. 2.90% of the stock is currently owned by insiders.
A number of brokerages recently commented on FL. Pivotal Research reiterated 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 reduced their price objective on Foot Locker from $57.00 to $53.00 and set a “buy” rating on the stock in a research report on Monday, March 5th. Zacks Investment Research downgraded Foot Locker from a “buy” rating to a “hold” rating in a research report on Monday. Citigroup reduced their target price on Foot Locker from $54.00 to $46.00 and set a “buy” rating on the stock in a research report on Monday, March 5th. Finally, Guggenheim restated a “buy” rating and issued a $51.00 target price on shares of Foot Locker in a research report on Friday, March 2nd. Two investment 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 an average price target of $54.23.
Shares of Foot Locker, Inc. (NYSE FL) traded up $0.65 during midday trading on Friday, hitting $44.11. The stock had a trading volume of 3,925,333 shares, compared to its average volume of 3,972,220. Foot Locker, Inc. has a twelve month low of $28.42 and a twelve month high of $77.86. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.14 and a quick ratio of 2.07. The firm has a market capitalization of $5,243.33, a PE ratio of 20.48, a PEG ratio of 1.51 and a beta of 0.84.
Foot Locker (NYSE:FL) last issued its quarterly earnings data on Friday, March 2nd. The athletic footwear retailer reported $1.26 earnings per share for the quarter, beating the Zacks’ consensus estimate 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 period in the previous year, the firm posted $1.37 earnings per share. The company’s revenue was up 4.6% on a year-over-year basis. analysts expect that Foot Locker, Inc. will post 4.4 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, May 4th. Investors of record on Friday, April 20th will be paid a dividend of $0.345 per share. This represents a $1.38 annualized dividend and a yield of 3.13%. 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 payout ratio is presently 57.41%.
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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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