Foot Locker, Inc. (FL) Shares Bought by Fenimore Asset Management Inc.
Fenimore Asset Management Inc. raised its stake in shares of Foot Locker, Inc. (NYSE:FL) by 73.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 254,696 shares of the athletic footwear retailer’s stock after buying an additional 107,550 shares during the period. Fenimore Asset Management Inc. owned about 0.19% of Foot Locker worth $12,551,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in FL. Charter Trust Co. increased its stake in Foot Locker by 4.0% in the first quarter. Charter Trust Co. now owns 5,062 shares of the athletic footwear retailer’s stock worth $379,000 after buying an additional 197 shares in the last quarter. Raymond James Trust N.A. increased its stake in Foot Locker by 34.3% in the first quarter. Raymond James Trust N.A. now owns 6,454 shares of the athletic footwear retailer’s stock worth $483,000 after buying an additional 1,650 shares in the last quarter. Hefty Wealth Partners purchased a new stake in Foot Locker during the first quarter worth approximately $1,303,000. Fulton Bank N.A. increased its stake in Foot Locker by 1.5% in the first quarter. Fulton Bank N.A. now owns 7,308 shares of the athletic footwear retailer’s stock worth $547,000 after buying an additional 107 shares in the last quarter. Finally, Chevy Chase Trust Holdings Inc. increased its stake in Foot Locker by 0.9% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 114,421 shares of the athletic footwear retailer’s stock worth $8,559,000 after buying an additional 1,038 shares in the last quarter. Institutional investors and hedge funds own 93.72% of the company’s stock.
Shares of Foot Locker, Inc. (FL) traded down 0.12% during mid-day trading on Friday, hitting $48.51. The stock had a trading volume of 100,055 shares. Foot Locker, Inc. has a 12 month low of $44.87 and a 12 month high of $79.43. The firm has a market cap of $6.37 billion, a PE ratio of 9.95 and a beta of 0.70. The stock’s 50-day moving average is $57.60 and its 200 day moving average is $69.18.
The company also recently announced a quarterly dividend, which will be paid on Friday, July 28th. Investors of record on Friday, July 14th will be paid a dividend of $0.31 per share. The ex-dividend date is Wednesday, July 12th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.55%. Foot Locker’s payout ratio is currently 25.36%.
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A number of equities research analysts recently commented on FL shares. Zacks Investment Research upgraded Foot Locker from a “hold” rating to a “buy” rating and set a $85.00 target price on the stock in a research report on Monday, March 20th. Piper Jaffray Companies set a $76.00 target price on Foot Locker and gave the stock a “hold” rating in a research report on Monday, March 20th. Deutsche Bank AG decreased their target price on Foot Locker from $90.00 to $89.00 and set a “buy” rating on the stock in a research report on Friday, March 24th. Jefferies Group LLC set a $90.00 target price on Foot Locker and gave the stock a “buy” rating in a research report on Monday, March 27th. Finally, Buckingham Research upgraded Foot Locker from a “neutral” rating to a “buy” rating and upped their price objective for the company from $77.00 to $89.00 in a research report on Thursday, April 20th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $74.83.
In related news, Director Jarobin Gilbert, Jr. sold 5,600 shares of the business’s stock in a transaction on Wednesday, May 24th. The shares were sold at an average price of $59.40, for a total transaction of $332,640.00. Following the completion of the transaction, the director now owns 8,964 shares in the company, valued at $532,461.60. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Paulette Alviti sold 8,000 shares of the business’s stock in a transaction on Thursday, April 20th. The stock was sold at an average price of $74.50, for a total transaction of $596,000.00. Following the transaction, the senior vice president now owns 36,641 shares of the company’s stock, valued at approximately $2,729,754.50. The disclosure for this sale can be found here. Insiders own 2.90% of the company’s stock.
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 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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