Great West Life Assurance Co. Can increased its stake in Foot Locker, Inc. (NYSE:FL) by 110.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 245,532 shares of the athletic footwear retailer’s stock after buying an additional 128,894 shares during the period. Great West Life Assurance Co. Can owned about 0.19% of Foot Locker worth $12,076,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Somerset Trust Co raised its position in Foot Locker by 0.3% in the first quarter. Somerset Trust Co now owns 6,059 shares of the athletic footwear retailer’s stock valued at $453,000 after buying an additional 20 shares during the period. Atria Investments LLC raised its position in Foot Locker by 10.3% in the first quarter. Atria Investments LLC now owns 12,181 shares of the athletic footwear retailer’s stock valued at $911,000 after buying an additional 1,140 shares during the period. Private Trust Co. NA bought a new position in Foot Locker during the first quarter valued at $569,000. Bremer Trust National Association raised its position in Foot Locker by 4.4% in the first quarter. Bremer Trust National Association now owns 23,792 shares of the athletic footwear retailer’s stock valued at $1,780,000 after buying an additional 1,001 shares during the period. Finally, Fenimore Asset Management Inc. bought a new position in Foot Locker during the first quarter valued at $11,008,000. 94.45% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Foot Locker, Inc. (FL) opened at 50.04 on Wednesday. The company’s 50 day moving average price is $48.41 and its 200 day moving average price is $64.80. The company has a market capitalization of $6.57 billion, a P/E ratio of 10.27 and a beta of 0.68. Foot Locker, Inc. has a 12 month low of $44.59 and a 12 month high of $79.43.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 28th. Investors of record on Friday, July 14th were paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 2.48%. The ex-dividend date of this dividend was Wednesday, July 12th. Foot Locker’s dividend payout ratio is 25.36%.
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Several research firms have weighed in on FL. B. Riley reaffirmed a “buy” rating and set a $79.00 price target on shares of Foot Locker in a research report on Wednesday, April 26th. Jefferies Group LLC reissued a “buy” rating and set a $88.00 target price on shares of Foot Locker in a report on Friday, April 21st. Zacks Investment Research lowered Foot Locker from a “buy” rating to a “hold” rating in a report on Monday, April 24th. Cowen and Company reissued a “market perform” rating and set a $77.00 target price on shares of Foot Locker in a report on Sunday, April 23rd. Finally, Deutsche Bank AG reissued a “buy” rating and set a $88.00 target price (down from $89.00) on shares of Foot Locker in a report on Sunday, April 23rd. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the stock. Foot Locker presently has an average rating of “Buy” and an average price target of $72.92.
In related 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 completion of the sale, the director now owns 8,964 shares of the company’s stock, valued at $532,461.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.73% of the stock is currently owned by company insiders.
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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