Chevy Chase Trust Holdings Inc. Sells 3,349 Shares of Foot Locker Inc. (FL)
Chevy Chase Trust Holdings Inc. lowered its stake in shares of Foot Locker Inc. (NYSE:FL) by 2.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 113,230 shares of the company’s stock after selling 3,349 shares during the period. Chevy Chase Trust Holdings Inc. owned approximately 0.08% of Foot Locker worth $7,668,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently made changes to their positions in FL. Global X Management Co. LLC raised its position in shares of 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 period. Euclid Advisors LLC purchased a new position in shares of Foot Locker during the second quarter valued at approximately $127,000. Pacer Advisors Inc. raised its position in shares of 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 period. FUKOKU MUTUAL LIFE INSURANCE Co raised its position in shares of 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 period. Finally, OLD Mutual Customised Solutions Proprietary Ltd. raised its position in shares of 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 period. Hedge funds and other institutional investors own 94.55% of the company’s stock.
Foot Locker Inc. (NYSE:FL) traded down 1.07% during mid-day trading on Tuesday, hitting $72.32. The company’s stock had a trading volume of 746,434 shares. Foot Locker Inc. has a 12-month low of $50.90 and a 12-month high of $74.74. The firm’s 50-day moving average is $69.25 and its 200-day moving average is $62.48. The company has a market cap of $9.69 billion, a P/E ratio of 15.61 and a beta of 0.59.
Foot Locker (NYSE:FL) last announced its quarterly earnings results on Friday, November 18th. The company reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.03. The firm earned $1.89 billion during the quarter. Foot Locker had a return on equity of 24.22% and a net margin of 8.26%. The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.00 EPS. Analysts predict that Foot Locker Inc. will post $4.76 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, January 27th. Investors of record on Friday, January 13th will be issued a $0.275 dividend. The ex-dividend date is Wednesday, January 11th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.50%. Foot Locker’s payout ratio is 23.71%.
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Several equities analysts have recently commented on FL shares. B. Riley upgraded Foot Locker from a “neutral” rating to a “buy” rating and set a $75.00 price objective on the stock in a research report on Friday, August 12th. Deutsche Bank AG restated a “buy” rating on shares of Foot Locker in a report on Wednesday, August 10th. Canaccord Genuity set a $75.00 target price on Foot Locker and gave the company a “buy” rating in a report on Monday, August 15th. Piper Jaffray Cos. set a $67.00 target price on Foot Locker and gave the company a “buy” rating in a report on Thursday, August 18th. Finally, Jefferies Group increased their target price on Foot Locker from $73.00 to $80.00 and gave the company a “buy” rating in a report on Monday, August 22nd. One analyst has rated the stock with a sell rating, six have issued a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $74.32.
In other Foot Locker news, Director Nicholas P. Dipaolo sold 5,424 shares of the company’s stock in a transaction on Thursday, October 13th. The stock was sold at an average price of $68.75, for a total transaction of $372,900.00. Following the completion of the sale, the director now owns 68,128 shares in the company, valued at $4,683,800. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Cheryl N. Turpin sold 10,000 shares of the company’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 sale, the director now owns 40,858 shares of the company’s stock, valued at approximately $2,825,739.28. The disclosure for this sale can be found here. 2.92% of the stock is 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’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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