Foot Locker, Inc. (FL) Position Cut by Regentatlantic Capital LLC

Regentatlantic Capital LLC cut its stake in shares of Foot Locker, Inc. (NYSE:FL) by 0.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,273 shares of the athletic footwear retailer’s stock after selling 55 shares during the period. Regentatlantic Capital LLC’s holdings in Foot Locker were worth $556,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in FL. BlackRock Inc. increased its position 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 during the last quarter. Morgan Stanley increased its position in shares of Foot Locker by 151.3% in the first quarter. Morgan Stanley now owns 1,439,075 shares of the athletic footwear retailer’s stock valued at $107,656,000 after buying an additional 866,525 shares during the last quarter. Wedge Capital Management L L P NC increased its position in shares of Foot Locker by 7,355.2% in the first quarter. Wedge Capital Management L L P NC now owns 765,421 shares of the athletic footwear retailer’s stock valued at $57,261,000 after buying an additional 755,154 shares during the last quarter. APG Asset Management N.V. increased its position in shares of Foot Locker by 23.4% in the second quarter. APG Asset Management N.V. now owns 2,497,431 shares of the athletic footwear retailer’s stock valued at $123,073,000 after buying an additional 473,289 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of 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. 93.49% of the stock is owned by hedge funds and other institutional investors.

Foot Locker, Inc. (NYSE FL) opened at 47.70 on Friday. The firm has a 50-day moving average price of $48.33 and a 200-day moving average price of $63.50. Foot Locker, Inc. has a 12-month low of $44.59 and a 12-month high of $79.43. The stock has a market cap of $6.26 billion, a PE ratio of 9.79 and a beta of 0.68.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 27th. Investors of record on Friday, October 13th will be paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.60%. The ex-dividend date is Thursday, October 12th. Foot Locker’s payout ratio is 25.36%.

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Several research analysts recently weighed in on FL shares. BidaskClub downgraded shares of Foot Locker from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 25th. TheStreet downgraded shares of Foot Locker from a “b-” rating to a “c+” rating in a research note on Friday, June 30th. Jefferies Group LLC set a $80.00 target price on shares of Foot Locker and gave the company a “buy” rating in a research note on Tuesday, June 20th. Oppenheimer Holdings, Inc. assumed coverage on shares of Foot Locker in a research note on Friday, July 7th. They set a “market perform” rating for the company. Finally, Bank of America Corporation downgraded shares of Foot Locker from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $84.00 to $65.00 in a research note on Friday, May 19th. Ten investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $72.17.

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 owns 8,964 shares of the company’s stock, valued at approximately $532,461.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 2.90% 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.