Nuveen Asset Management LLC decreased its position in shares of Foot Locker, Inc. (NYSE:FL) by 96.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,642 shares of the athletic footwear retailer’s stock after selling 214,365 shares during the period. Nuveen Asset Management LLC’s holdings in Foot Locker were worth $572,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its position in Foot Locker by 130.0% in the first quarter. JPMorgan Chase & Co. now owns 698,340 shares of the athletic footwear retailer’s stock valued at $52,244,000 after buying an additional 394,688 shares during the last quarter. Todd Asset Management LLC increased its stake in shares of Foot Locker by 34.3% in the first quarter. Todd Asset Management LLC now owns 582,371 shares of the athletic footwear retailer’s stock valued at $43,567,000 after buying an additional 148,889 shares in the last quarter. Omega Advisors Inc. purchased a new stake in shares of Foot Locker during the first quarter valued at approximately $11,222,000. Russell Investments Group Ltd. increased its stake in shares of Foot Locker by 6.6% in the first quarter. Russell Investments Group Ltd. now owns 138,739 shares of the athletic footwear retailer’s stock valued at $10,382,000 after buying an additional 8,617 shares in the last quarter. Finally, BlackRock Inc. increased its stake in shares of Foot Locker by 2,189.3% in the first quarter. BlackRock Inc. now owns 9,163,944 shares of the athletic footwear retailer’s stock valued at $685,553,000 after buying an additional 8,763,641 shares in the last quarter. Hedge funds and other institutional investors own 94.45% of the company’s stock.
Foot Locker, Inc. (NYSE FL) traded down 0.2826% during mid-day trading on Wednesday, reaching $49.8986. 1,074,932 shares of the company traded hands. Foot Locker, Inc. has a 12-month low of $44.59 and a 12-month high of $79.43. The firm has a market capitalization of $6.55 billion, a P/E ratio of 10.2377 and a beta of 0.68. The company’s 50 day moving average price is $48.41 and its 200 day moving average price is $64.80. Foot Locker also saw some unusual options trading on Tuesday. Stock investors bought 11,770 put options on the stock. This is an increase of 447% compared to the average volume of 2,150 put options.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 28th. Shareholders of record on Friday, July 14th were issued a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 2.48%. The ex-dividend date was Wednesday, July 12th. Foot Locker’s payout ratio is currently 25.36%.
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Several analysts have recently commented on FL shares. Buckingham Research upgraded shares of Foot Locker from a “neutral” rating to a “buy” rating and increased their target price for the company from $77.00 to $89.00 in a report on Thursday, April 20th. B. Riley reiterated a “buy” rating and issued a $79.00 target price on shares of Foot Locker in a report on Thursday, April 20th. Jefferies Group LLC restated a “buy” rating and set a $88.00 price target on shares of Foot Locker in a research report on Friday, April 21st. Susquehanna Bancshares Inc restated a “positive” rating and set a $86.00 price target on shares of Foot Locker in a research report on Friday, April 21st. Finally, Deutsche Bank AG restated a “buy” rating and set a $88.00 price target (down previously from $89.00) on shares of Foot Locker in a research report on Sunday, April 23rd. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $72.92.
In other Foot Locker news, Director Jarobin Gilbert, Jr. sold 5,600 shares of the firm’s stock in a transaction that occurred on Wednesday, May 24th. The stock was sold at an average price of $59.40, for a total value of $332,640.00. Following the sale, the director now directly owns 8,964 shares of the company’s stock, valued at $532,461.60. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.73% of the stock is currently owned by company insiders.
About Foot Locker
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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