Great West Life Assurance Co. Can increased its position in shares of Foot Locker, Inc. (NYSE:FL) by 110.5% during the second quarter, according to its most recent filing with the 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 approximately 0.19% of Foot Locker worth $12,076,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in FL. Somerset Trust Co boosted its stake in shares of Foot Locker by 0.3% in the first quarter. Somerset Trust Co now owns 6,059 shares of the athletic footwear retailer’s stock worth $453,000 after buying an additional 20 shares during the period. Commerce Bank boosted its stake in shares of Foot Locker by 1.3% in the first quarter. Commerce Bank now owns 6,200 shares of the athletic footwear retailer’s stock valued at $464,000 after buying an additional 77 shares during the last quarter. IFP Advisors Inc boosted its stake in shares of Foot Locker by 1.9% in the first quarter. IFP Advisors Inc now owns 4,580 shares of the athletic footwear retailer’s stock valued at $343,000 after buying an additional 86 shares during the last quarter. Pacer Advisors Inc. boosted its stake 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 valued at $197,000 after buying an additional 88 shares during the last quarter. Finally, Sawtooth Solutions LLC boosted its stake in shares of Foot Locker by 2.8% in the first quarter. Sawtooth Solutions LLC now owns 3,457 shares of the athletic footwear retailer’s stock valued at $259,000 after buying an additional 94 shares during the last quarter. Hedge funds and other institutional investors own 93.49% of the company’s stock.
Foot Locker, Inc. (NYSE FL) traded down 27.92% during midday trading on Friday, hitting $34.38. The stock had a trading volume of 36,216,618 shares. The stock has a market capitalization of $4.51 billion, a price-to-earnings ratio of 7.05 and a beta of 0.68. The company’s 50 day moving average price is $47.92 and its 200-day moving average price is $63.26. Foot Locker, Inc. has a 52 week low of $34.29 and a 52 week high of $79.43.
Foot Locker (NYSE:FL) last posted its quarterly earnings results on Friday, August 18th. The athletic footwear retailer reported $0.62 earnings per share for the quarter, missing analysts’ consensus estimates of $0.90 by $0.28. Foot Locker had a return on equity of 23.87% and a net margin of 8.39%. The firm had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.80 billion. During the same period last year, the company posted $0.94 earnings per share. The firm’s quarterly revenue was down 4.4% compared to the same quarter last year. Equities analysts anticipate that Foot Locker, Inc. will post $5.07 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, October 27th. Investors of record on Friday, October 13th will be paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 3.61%. The ex-dividend date of this dividend is Thursday, October 12th. Foot Locker’s dividend payout ratio (DPR) is currently 25.36%.
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Several analysts have recently commented on FL shares. BidaskClub cut Foot Locker from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 25th. TheStreet cut Foot Locker from a “b-” rating to a “c+” rating in a report on Friday, June 30th. Jefferies Group LLC set a $80.00 target price on Foot Locker and gave the stock a “buy” rating in a report on Tuesday, June 20th. Oppenheimer Holdings, Inc. started coverage on Foot Locker in a report on Friday, July 7th. They set a “market perform” rating on the stock. Finally, Deutsche Bank AG set a $72.00 target price on Foot Locker and gave the stock a “buy” rating in a report on Monday, July 17th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and fifteen have given a buy rating to the company’s stock. Foot Locker has an average rating of “Hold” 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 that occurred 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 transaction, the director now directly owns 8,964 shares of the company’s stock, valued at approximately $532,461.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 2.90% of the stock is currently owned by corporate 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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