Polaris Greystone Financial Group LLC purchased a new position in Foot Locker, Inc. (NYSE:FL) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 69,399 shares of the athletic footwear retailer’s stock, valued at approximately $2,872,000. Polaris Greystone Financial Group LLC owned approximately 0.06% of Foot Locker as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. Alpha Windward LLC raised its stake in Foot Locker by 29.4% during the 3rd quarter. Alpha Windward LLC now owns 11,362 shares of the athletic footwear retailer’s stock valued at $490,000 after buying an additional 2,580 shares during the last quarter. Hancock Whitney Corp raised its stake in Foot Locker by 604.6% during the 2nd quarter. Hancock Whitney Corp now owns 192,124 shares of the athletic footwear retailer’s stock valued at $8,055,000 after buying an additional 164,857 shares during the last quarter. Toronto Dominion Bank raised its stake in Foot Locker by 24.7% during the 2nd quarter. Toronto Dominion Bank now owns 80,167 shares of the athletic footwear retailer’s stock valued at $3,360,000 after buying an additional 15,856 shares during the last quarter. American International Group Inc. raised its stake in Foot Locker by 1.0% during the 2nd quarter. American International Group Inc. now owns 328,041 shares of the athletic footwear retailer’s stock valued at $13,751,000 after buying an additional 3,103 shares during the last quarter. Finally, Keudell Morrison Wealth Management purchased a new stake in Foot Locker during the 2nd quarter valued at $1,500,000. 97.73% of the stock is currently owned by hedge funds and other institutional investors.
In other news, Director Matthew M. Mckenna sold 7,000 shares of the company’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $40.53, for a total value of $283,710.00. Following the completion of the sale, the director now directly owns 26,862 shares in the company, valued at approximately $1,088,716.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.40% of the company’s stock.
Shares of NYSE:FL traded up $0.60 during midday trading on Wednesday, hitting $41.45. The company had a trading volume of 73,502 shares, compared to its average volume of 3,331,339. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.99 and a quick ratio of 0.99. The company has a market cap of $4.39 billion, a price-to-earnings ratio of 8.79, a PEG ratio of 0.87 and a beta of 0.98. Foot Locker, Inc. has a 12-month low of $33.12 and a 12-month high of $68.00. The company has a fifty day moving average of $39.48 and a two-hundred day moving average of $46.52.
Foot Locker (NYSE:FL) last posted its quarterly earnings data on Friday, August 23rd. The athletic footwear retailer reported $0.66 EPS for the quarter, hitting the consensus estimate of $0.66. The firm had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.83 billion. Foot Locker had a return on equity of 21.05% and a net margin of 6.51%. Foot Locker’s revenue was down .4% on a year-over-year basis. During the same period in the prior year, the business posted $0.75 EPS. Research analysts expect that Foot Locker, Inc. will post 4.94 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Friday, October 18th will be paid a $0.38 dividend. The ex-dividend date of this dividend is Thursday, October 17th. This represents a $1.52 annualized dividend and a dividend yield of 3.67%. Foot Locker’s dividend payout ratio (DPR) is 32.27%.
A number of brokerages have weighed in on FL. Deutsche Bank decreased their target price on shares of Foot Locker from $68.00 to $63.00 and set a “buy” rating for the company in a research note on Monday, August 19th. Susquehanna Bancshares lowered shares of Foot Locker from a “positive” rating to a “neutral” rating and decreased their target price for the company from $46.00 to $39.00 in a research note on Monday, August 26th. Credit Suisse Group decreased their target price on shares of Foot Locker from $65.00 to $53.00 and set an “outperform” rating for the company in a research note on Monday, August 26th. Piper Jaffray Companies set a $33.00 target price on shares of Foot Locker and gave the company a “hold” rating in a research note on Friday, August 23rd. Finally, ValuEngine upgraded shares of Foot Locker from a “strong sell” rating to a “sell” rating in a research note on Friday, October 4th. Two analysts have rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $55.60.
Foot Locker 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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