Foundry Partners LLC Has $7,087,000 Stake in Foot Locker Inc. (FL)
Foundry Partners LLC increased its stake in Foot Locker Inc. (NYSE:FL) by 9.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 104,645 shares of the company’s stock after buying an additional 8,958 shares during the period. Foundry Partners LLC owned 0.08% of Foot Locker worth $7,087,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in FL. National Pension Service boosted its stake in Foot Locker by 4.7% in the first quarter. National Pension Service now owns 97,181 shares of the company’s stock worth $6,268,000 after buying an additional 4,359 shares during the period. Zurich Insurance Group Ltd FI boosted its stake in Foot Locker by 64.4% in the first quarter. Zurich Insurance Group Ltd FI now owns 19,196 shares of the company’s stock worth $1,238,000 after buying an additional 7,523 shares during the period. Envestnet Asset Management Inc. boosted its stake in Foot Locker by 7.6% in the first quarter. Envestnet Asset Management Inc. now owns 90,653 shares of the company’s stock worth $5,847,000 after buying an additional 6,422 shares during the period. Springbok Capital Management LLC boosted its stake in Foot Locker by 562.3% in the first quarter. Springbok Capital Management LLC now owns 8,000 shares of the company’s stock worth $516,000 after buying an additional 6,792 shares during the period. Finally, A.R.T. Advisors LLC boosted its stake in Foot Locker by 166.3% in the first quarter. A.R.T. Advisors LLC now owns 29,944 shares of the company’s stock worth $1,931,000 after buying an additional 18,700 shares during the period. 95.31% of the stock is currently owned by institutional investors.
Foot Locker Inc. (NYSE:FL) opened at 71.78 on Friday. Foot Locker Inc. has a 52 week low of $50.90 and a 52 week high of $72.60. The firm has a market cap of $9.56 billion, a P/E ratio of 17.86 and a beta of 0.59. The company’s 50 day moving average is $67.96 and its 200-day moving average is $61.66.
Foot Locker (NYSE:FL) last announced its quarterly earnings data on Friday, November 18th. The company reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.03. The business had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.89 billion. Foot Locker had a net margin of 7.35% and a return on equity of 23.99%. The company’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.00 earnings per share. Equities analysts expect that Foot Locker Inc. will post $4.76 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 27th. Investors of record on Friday, January 13th will be paid a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 1.53%. The ex-dividend date of this dividend is Wednesday, January 11th. Foot Locker’s payout ratio is 27.23%.
A number of research analysts recently weighed in on the stock. B. Riley reaffirmed a “buy” rating and issued a $80.00 price target (up from $75.00) on shares of Foot Locker in a research note on Monday, August 22nd. Brean Capital reaffirmed a “buy” rating and issued a $77.00 price target on shares of Foot Locker in a research note on Wednesday, August 31st. OTR Global lowered shares of Foot Locker to a “positive” rating in a research note on Friday, August 19th. Robert W. Baird reaffirmed an “outperform” rating and issued a $78.00 price target on shares of Foot Locker in a research note on Friday, August 19th. Finally, Zacks Investment Research raised shares of Foot Locker from a “hold” rating to a “buy” rating and set a $75.00 price target on the stock in a research note on Wednesday, October 5th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the stock. Foot Locker has an average rating of “Buy” and a consensus target price of $74.32.
In other Foot Locker news, Director Cheryl N. Turpin sold 10,000 shares of the stock in a transaction that occurred on Wednesday, October 12th. The shares were sold at an average price of $69.16, for a total transaction of $691,600.00. Following the transaction, the director now owns 40,858 shares of the company’s stock, valued at $2,825,739.28. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Lewis Phillip Kimble sold 43,479 shares of the stock in a transaction that occurred on Wednesday, September 7th. The stock was sold at an average price of $65.40, for a total transaction of $2,843,526.60. Following the transaction, the chief executive officer now directly owns 26,131 shares in the company, valued at approximately $1,708,967.40. 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.
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