Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Has $937,000 Stake in Foot Locker, Inc. (FL)
Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lowered its stake in Foot Locker, Inc. (NYSE:FL) by 11.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,022 shares of the athletic footwear retailer’s stock after selling 2,359 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Foot Locker were worth $937,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of FL. Boston Partners raised its stake in Foot Locker by 112.1% in the second quarter. Boston Partners now owns 66,173 shares of the athletic footwear retailer’s stock valued at $3,261,000 after buying an additional 34,973 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in Foot Locker by 3.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 611,131 shares of the athletic footwear retailer’s stock valued at $30,117,000 after buying an additional 20,948 shares in the last quarter. Canada Pension Plan Investment Board raised its stake in Foot Locker by 65.3% in the second quarter. Canada Pension Plan Investment Board now owns 1,819,210 shares of the athletic footwear retailer’s stock valued at $89,651,000 after buying an additional 718,800 shares in the last quarter. Trexquant Investment LP raised its stake in Foot Locker by 350.0% in the second quarter. Trexquant Investment LP now owns 25,200 shares of the athletic footwear retailer’s stock valued at $1,242,000 after buying an additional 19,600 shares in the last quarter. Finally, Global X Management Co. LLC raised its stake in Foot Locker by 26.2% in the second quarter. Global X Management Co. LLC now owns 6,731 shares of the athletic footwear retailer’s stock valued at $332,000 after buying an additional 1,398 shares in the last quarter. Institutional investors and hedge funds own 93.49% of the company’s stock.
Foot Locker, Inc. (FL) opened at 34.38 on Monday. Foot Locker, Inc. has a 12-month low of $34.29 and a 12-month high of $79.43. The company’s 50-day moving average is $47.92 and its 200 day moving average is $63.26. The stock has a market capitalization of $4.54 billion, a PE ratio of 7.95 and a beta of 0.68.
Foot Locker (NYSE:FL) last released its quarterly earnings data on Friday, August 18th. The athletic footwear retailer reported $0.62 earnings per share for the quarter, missing analysts’ consensus estimates of $0.90 by $0.28. The firm had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.80 billion. Foot Locker had a net margin of 7.49% and a return on equity of 21.52%. The firm’s revenue for the quarter was down 4.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.94 earnings per share. On average, equities research analysts expect that Foot Locker, Inc. will post $5.07 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 27th. Shareholders of record on Friday, October 13th will be paid a dividend of $0.31 per share. The ex-dividend date is Thursday, October 12th. This represents a $1.24 dividend on an annualized basis and a yield of 3.61%. Foot Locker’s dividend payout ratio is currently 28.57%.
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Several analysts recently issued reports on the stock. Robert W. Baird reiterated an “outperform” rating and set a $65.00 price target (down previously from $77.00) on shares of Foot Locker in a research report on Sunday. Jefferies Group LLC set a $61.00 price target on shares of Foot Locker and gave the stock a “buy” rating in a research report on Saturday. Canaccord Genuity lowered shares of Foot Locker from a “buy” rating to a “hold” rating in a research report on Friday. Bank of America Corporation lowered shares of Foot Locker from a “neutral” rating to an “underperform” rating in a research report on Friday. Finally, J P Morgan Chase & Co lowered shares of Foot Locker from an “overweight” rating to a “neutral” rating in a research report on Friday. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and fourteen have issued a buy rating to the stock. Foot Locker currently has a consensus rating of “Hold” and a consensus price target of $68.81.
In other Foot Locker news, Director Jarobin Gilbert, Jr. sold 5,600 shares of the firm’s stock in a transaction dated 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 sale, the director now directly owns 8,964 shares in the company, valued at approximately $532,461.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.73% 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 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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