Foot Locker, Inc. (NYSE:FL) Shares Bought by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund increased its position in Foot Locker, Inc. (NYSE:FL) by 9.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 67,213 shares of the athletic footwear retailer’s stock after buying an additional 5,700 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Foot Locker were worth $3,312,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in FL. YorkBridge Wealth Partners LLC increased its position in shares of Foot Locker by 18.6% in the first quarter. YorkBridge Wealth Partners LLC now owns 1,360 shares of the athletic footwear retailer’s stock worth $104,000 after buying an additional 213 shares in the last quarter. Acrospire Investment Management LLC increased its position in shares of Foot Locker by 50.0% in the first quarter. Acrospire Investment Management LLC now owns 1,500 shares of the athletic footwear retailer’s stock worth $112,000 after buying an additional 500 shares in the last quarter. Van ECK Associates Corp increased its position in shares of Foot Locker by 5.6% in the first quarter. Van ECK Associates Corp now owns 2,047 shares of the athletic footwear retailer’s stock worth $153,000 after buying an additional 109 shares in the last quarter. Pacer Advisors Inc. increased its position in shares of Foot Locker by 3.5% in the first quarter. Pacer Advisors Inc. now owns 2,630 shares of the athletic footwear retailer’s stock worth $197,000 after buying an additional 88 shares in the last quarter. Finally, Tocqueville Asset Management L.P. bought a new position in shares of Foot Locker during the first quarter worth $204,000. 93.57% of the stock is owned by institutional investors.

Foot Locker, Inc. (NYSE FL) opened at 47.21 on Monday. The firm has a 50 day moving average of $51.09 and a 200 day moving average of $66.63. The firm has a market capitalization of $6.20 billion, a P/E ratio of 9.69 and a beta of 0.70. Foot Locker, Inc. has a 12-month low of $44.87 and a 12-month high of $79.43.

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 28th. Stockholders of record on Friday, July 14th will be paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.63%. The ex-dividend date of this dividend is Wednesday, July 12th. Foot Locker’s payout ratio is 25.36%.

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A number of brokerages have weighed in on FL. Susquehanna Bancshares Inc reaffirmed a “positive” rating and issued a $86.00 target price on shares of Foot Locker in a research note on Friday, April 21st. B. Riley reaffirmed a “buy” rating and issued a $79.00 target price on shares of Foot Locker in a research note on Thursday, April 20th. Barclays PLC reiterated an “overweight” rating and set a $80.00 price target on shares of Foot Locker in a research report on Thursday, June 22nd. Wedbush reiterated an “outperform” rating and set a $83.00 price target on shares of Foot Locker in a research report on Wednesday, May 17th. Finally, Standpoint Research assumed coverage on shares of Foot Locker in a research report on Monday, June 12th. They set a “buy” rating and a $66.00 price target for the company. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $74.79.

In other news, Director Jarobin Gilbert, Jr. sold 5,600 shares of Foot Locker stock in a transaction on Wednesday, May 24th. The stock was sold at an average price of $59.40, for a total transaction of $332,640.00. Following the sale, the director now directly owns 8,964 shares in the company, valued at approximately $532,461.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.73% of the company’s stock.

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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