LPL Financial LLC Takes $345,000 Position in Foot Locker (FL)

LPL Financial LLC purchased a new stake in shares of Foot Locker (NYSE:FL) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 7,353 shares of the athletic footwear retailer’s stock, valued at approximately $345,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Cornerstone Capital Management Holdings LLC. boosted its position in Foot Locker by 197.2% during the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 328,171 shares of the athletic footwear retailer’s stock worth $15,384,000 after purchasing an additional 217,747 shares during the period. TIAA CREF Investment Management LLC boosted its position in Foot Locker by 0.4% during the fourth quarter. TIAA CREF Investment Management LLC now owns 415,656 shares of the athletic footwear retailer’s stock worth $19,486,000 after purchasing an additional 1,456 shares during the period. Teachers Advisors LLC boosted its position in Foot Locker by 110.6% during the fourth quarter. Teachers Advisors LLC now owns 395,916 shares of the athletic footwear retailer’s stock worth $18,561,000 after purchasing an additional 207,952 shares during the period. Paloma Partners Management Co boosted its position in Foot Locker by 581.5% during the fourth quarter. Paloma Partners Management Co now owns 12,177 shares of the athletic footwear retailer’s stock worth $571,000 after purchasing an additional 14,706 shares during the period. Finally, Raymond James & Associates boosted its position in Foot Locker by 43.0% during the fourth quarter. Raymond James & Associates now owns 16,277 shares of the athletic footwear retailer’s stock worth $763,000 after purchasing an additional 4,896 shares during the period. Institutional investors own 96.39% of the company’s stock.

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A number of equities analysts have weighed in on FL shares. Pivotal Research began coverage on shares of Foot Locker in a research report on Thursday, January 25th. They set a “buy” rating and a $65.00 target price for the company. Zacks Investment Research upgraded shares of Foot Locker from a “hold” rating to a “buy” rating and set a $53.00 price objective for the company in a research report on Tuesday, December 26th. Canaccord Genuity set a $67.00 price objective on shares of Foot Locker and gave the company a “buy” rating in a research report on Sunday, January 7th. Buckingham Research upgraded shares of Foot Locker from a “neutral” rating to a “buy” rating and set a $57.00 price objective for the company in a research report on Friday, January 5th. Finally, Guggenheim restated a “buy” rating and issued a $51.00 price objective on shares of Foot Locker in a research report on Friday, March 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 company has a consensus rating of “Hold” and a consensus target price of $54.79.

In other Foot Locker news, CEO Lewis Phillip Kimble sold 11,043 shares of Foot Locker stock in a transaction that occurred on Monday, March 12th. The shares were sold at an average price of $42.71, for a total transaction of $471,646.53. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Jarobin Gilbert, Jr. sold 1,500 shares of Foot Locker stock in a transaction that occurred on Monday, March 12th. The stock was sold at an average price of $43.44, for a total transaction of $65,160.00. The disclosure for this sale can be found here. Company insiders own 2.90% of the company’s stock.

Shares of FL opened at $40.88 on Friday. The company has a market capitalization of $5,046.98, a P/E ratio of 9.95, a P/E/G ratio of 1.46 and a beta of 0.85. The company has a current ratio of 4.14, a quick ratio of 2.07 and a debt-to-equity ratio of 0.05. Foot Locker has a 1-year low of $28.42 and a 1-year high of $77.86.

Foot Locker (NYSE:FL) last announced its earnings results on Friday, March 2nd. The athletic footwear retailer reported $1.26 earnings per share for the quarter, beating analysts’ consensus estimates of $1.25 by $0.01. The business had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.23 billion. Foot Locker had a net margin of 3.65% and a return on equity of 19.32%. Foot Locker’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period last year, the firm posted $1.37 earnings per share. analysts anticipate that Foot Locker will post 4.38 EPS for the current fiscal 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 $0.345 dividend. This is an increase from Foot Locker’s previous quarterly dividend of $0.31. This represents a $1.38 dividend on an annualized basis and a yield of 3.38%. The ex-dividend date of this dividend is Thursday, April 19th. Foot Locker’s dividend payout ratio (DPR) is currently 33.58%.

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About Foot Locker

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.

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

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