Nuveen Asset Management LLC decreased its stake in Foot Locker, Inc. (NYSE:FL) by 96.6% during the first quarter, according to its most recent Form 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.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. YorkBridge Wealth Partners LLC boosted its stake in 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 valued at $104,000 after buying an additional 213 shares during the period. Acrospire Investment Management LLC boosted its stake in 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 valued at $112,000 after buying an additional 500 shares during the period. Van ECK Associates Corp boosted its stake in 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 valued at $153,000 after buying an additional 109 shares during the period. Pacer Advisors Inc. boosted its stake in Foot Locker by 3.5% in the first quarter. Pacer Advisors Inc. now owns 2,630 shares of the athletic footwear retailer’s stock valued at $197,000 after buying an additional 88 shares during the period. Finally, Tocqueville Asset Management L.P. purchased a new stake in Foot Locker during the first quarter valued at $204,000. Hedge funds and other institutional investors own 93.49% of the company’s stock.
Foot Locker, Inc. (NYSE FL) opened at 48.57 on Thursday. The stock has a market capitalization of $6.38 billion, a P/E ratio of 9.97 and a beta of 0.68. The company has a 50 day moving average of $48.35 and a 200-day moving average of $63.62. Foot Locker, Inc. has a 52-week low of $44.59 and a 52-week high of $79.43.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 27th. Investors of record on Friday, October 13th will be issued a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 2.55%. Foot Locker’s dividend payout ratio is presently 25.36%.
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FL has been the subject of several analyst reports. Buckingham Research raised shares of Foot Locker from a “neutral” rating to a “buy” rating and increased their price target for the company from $77.00 to $89.00 in a research note on Thursday, April 20th. B. Riley reissued a “buy” rating and issued a $79.00 price target on shares of Foot Locker in a research note on Thursday, April 20th. Jefferies Group LLC restated a “buy” rating and issued a $88.00 price objective on shares of Foot Locker in a report on Friday, April 21st. Susquehanna Bancshares Inc restated a “positive” rating and issued a $86.00 price objective on shares of Foot Locker in a report on Friday, April 21st. Finally, Deutsche Bank AG restated a “buy” rating and issued a $88.00 price objective (down from $89.00) on shares of Foot Locker in a report on Sunday, April 23rd. Ten equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $72.17.
In related news, Director Jarobin Gilbert, Jr. sold 5,600 shares of the company’s stock in a transaction on Wednesday, May 24th. The shares were 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate 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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