Public Employees Retirement Association of Colorado decreased its stake in Foot Locker Inc. (NYSE:FL) by 1.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 227,054 shares of the company’s stock after selling 2,619 shares during the period. Public Employees Retirement Association of Colorado owned about 0.17% of Foot Locker worth $12,456,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of FL. Emerald Mutual Fund Advisers Trust boosted its stake in Foot Locker by 2.5% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 3,794 shares of the company’s stock valued at $208,000 after buying an additional 93 shares during the last quarter. Premier Fund Managers Ltd boosted its stake in Foot Locker by 19.5% in the second quarter. Premier Fund Managers Ltd now owns 46,600 shares of the company’s stock valued at $2,566,000 after buying an additional 7,600 shares during the last quarter. Huntington National Bank boosted its stake in Foot Locker by 187.3% in the second quarter. Huntington National Bank now owns 2,396 shares of the company’s stock valued at $131,000 after buying an additional 1,562 shares during the last quarter. Advisory Services Network LLC boosted its stake in Foot Locker by 5.8% in the second quarter. Advisory Services Network LLC now owns 5,105 shares of the company’s stock valued at $280,000 after buying an additional 280 shares during the last quarter. Finally, ING Groep NV purchased a new stake in Foot Locker during the second quarter valued at approximately $265,000. Hedge funds and other institutional investors own 98.06% of the company’s stock.

Institutional Ownership by Quarter for Foot Locker (NYSE:FL)

Foot Locker Inc. (NYSE:FL) traded down 0.937% on Thursday, reaching $68.581. 820,213 shares of the company’s stock traded hands. The firm’s 50-day moving average is $66.81 and its 200 day moving average is $60.78. Foot Locker Inc. has a 52-week low of $50.90 and a 52-week high of $71.04. The stock has a market capitalization of $9.14 billion, a PE ratio of 17.060 and a beta of 0.61.

Foot Locker (NYSE:FL) last issued its quarterly earnings results on Friday, August 19th. The company reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.04. Foot Locker had a net margin of 7.35% and a return on equity of 23.99%. The firm earned $1.78 billion during the quarter, compared to the consensus estimate of $1.76 billion. During the same period in the prior year, the firm earned $0.84 EPS. The business’s revenue was up 5.0% on a year-over-year basis. Analysts forecast that Foot Locker Inc. will post $4.76 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, October 28th. Shareholders of record on Friday, October 14th will be issued a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date is Wednesday, October 12th. Foot Locker’s dividend payout ratio (DPR) is presently 27.23%.

FL has been the subject of several recent analyst reports. Zacks Investment Research raised shares of Foot Locker from a “sell” rating to a “hold” rating in a research note on Tuesday, August 16th. Guggenheim began coverage on shares of Foot Locker in a research note on Friday, September 30th. They issued a “neutral” rating for the company. Canaccord Genuity set a $75.00 price objective on shares of Foot Locker and gave the company a “buy” rating in a research note on Monday, August 15th. Brean Capital boosted their price objective on shares of Foot Locker from $68.00 to $77.00 and gave the company a “buy” rating in a research note on Monday, August 22nd. Finally, Telsey Advisory Group boosted their price objective on shares of Foot Locker from $72.00 to $78.00 and gave the company an “outperform” rating in a research note on Monday, August 22nd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $72.87.

In other Foot Locker news, CFO Lauren B. Peters sold 20,000 shares of the stock in a transaction on Monday, August 22nd. The shares were sold at an average price of $68.00, for a total value of $1,360,000.00. Following the completion of the sale, the chief financial officer now directly owns 139,597 shares of the company’s stock, valued at approximately $9,492,596. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman Richard A. Johnson sold 50,000 shares of the stock in a transaction on Friday, August 19th. The shares were sold at an average price of $68.04, for a total transaction of $3,402,000.00. The disclosure for this sale can be found here. 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’s Athletic Stores segment is an athletic footwear and apparel retailer whose formats include Foot Locker, Lady Foot Locker, Kids Foot Locker, Champs Sports, Footaction, SIX:02, Runners Point Group, including Runners Point and Sidestep.

5 Day Chart for NYSE:FL

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