Bridgeway Capital Management Inc. raised its stake in shares of Foot Locker Inc. (NYSE:FL) by 6.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 494,550 shares of the company’s stock after buying an additional 28,000 shares during the period. Bridgeway Capital Management Inc. owned approximately 0.37% of Foot Locker worth $27,131,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Global X Management Co. LLC raised its stake in Foot Locker by 310.6% in the second quarter. Global X Management Co. LLC now owns 1,823 shares of the company’s stock valued at $100,000 after buying an additional 1,379 shares during the last quarter. Huntington National Bank raised 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. Pacer Advisors Inc. raised its stake in Foot Locker by 10.2% in the second quarter. Pacer Advisors Inc. now owns 2,574 shares of the company’s stock valued at $141,000 after buying an additional 239 shares during the last quarter. FUKOKU MUTUAL LIFE INSURANCE Co raised its stake in Foot Locker by 27.3% in the second quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 2,800 shares of the company’s stock valued at $154,000 after buying an additional 600 shares during the last quarter. Finally, OLD Mutual Customised Solutions Proprietary Ltd. raised its stake in Foot Locker by 128.6% in the second quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 3,200 shares of the company’s stock valued at $176,000 after buying an additional 1,800 shares during the last quarter. 97.18% of the stock is owned by hedge funds and other institutional investors.

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

Foot Locker Inc. (NYSE:FL) traded down 0.14% during mid-day trading on Friday, reaching $71.53. The company’s stock had a trading volume of 2,162,997 shares. Foot Locker Inc. has a 12-month low of $50.90 and a 12-month high of $71.94. The stock has a market cap of $9.53 billion, a price-to-earnings ratio of 17.79 and a beta of 0.59. The firm’s 50 day moving average price is $67.96 and its 200 day moving average price is $61.66.

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

The company also recently declared a quarterly dividend, which was paid on Friday, October 28th. Investors of record on Friday, October 14th were given a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 1.54%. The ex-dividend date of this dividend was Wednesday, October 12th. Foot Locker’s payout ratio is 27.23%.

Several equities research analysts have recently commented on the stock. B. Riley reaffirmed a “buy” rating and set a $80.00 price target (up previously from $75.00) on shares of Foot Locker in a research report on Monday, August 22nd. Telsey Advisory Group increased their target price on shares of Foot Locker from $72.00 to $78.00 and gave the stock an “outperform” rating in a report on Monday, August 22nd. Piper Jaffray Cos. set a $67.00 target price on shares of Foot Locker and gave the stock a “buy” rating in a report on Thursday, August 18th. Susquehanna increased their target price on shares of Foot Locker from $73.00 to $80.00 and gave the stock a “positive” rating in a report on Monday, August 22nd. Finally, Jefferies Group increased their target price on shares of Foot Locker from $73.00 to $80.00 and gave the stock a “buy” rating in a report on Monday, August 22nd. One research analyst has rated the stock with a sell rating, six have given a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $73.96.

In other Foot Locker news, CFO Lauren B. Peters sold 20,000 shares of the business’s stock in a transaction on Monday, August 22nd. The stock was sold at an average price of $68.00, for a total transaction of $1,360,000.00. Following the transaction, the chief financial officer now owns 139,597 shares of the company’s stock, valued at $9,492,596. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Cheryl N. Turpin sold 10,000 shares of the business’s stock in a transaction on Wednesday, October 12th. The stock was sold at an average price of $69.16, for a total value of $691,600.00. Following the transaction, the director now directly owns 40,858 shares in the company, valued at approximately $2,825,739.28. The disclosure for this sale can be found here. Corporate insiders own 2.90% 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’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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