Zurcher Kantonalbank Zurich Cantonalbank Cuts Holdings in Foot Locker, Inc. (FL)
Zurcher Kantonalbank Zurich Cantonalbank reduced its position in shares of Foot Locker, Inc. (NYSE:FL) by 81.6% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 6,388 shares of the athletic footwear retailer’s stock after selling 28,260 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Foot Locker were worth $299,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Janus Henderson Group PLC grew its position in shares of Foot Locker by 1,291.0% in the second quarter. Janus Henderson Group PLC now owns 203,991 shares of the athletic footwear retailer’s stock valued at $10,053,000 after purchasing an additional 189,326 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Foot Locker by 10.4% in the second quarter. Dimensional Fund Advisors LP now owns 971,685 shares of the athletic footwear retailer’s stock valued at $47,882,000 after purchasing an additional 91,716 shares in the last quarter. Sentry Investment Management LLC grew its position in shares of Foot Locker by 131.7% in the second quarter. Sentry Investment Management LLC now owns 10,579 shares of the athletic footwear retailer’s stock valued at $521,000 after purchasing an additional 6,014 shares in the last quarter. Toronto Dominion Bank grew its position in shares of Foot Locker by 24.5% in the second quarter. Toronto Dominion Bank now owns 44,472 shares of the athletic footwear retailer’s stock valued at $2,190,000 after purchasing an additional 8,746 shares in the last quarter. Finally, Rockefeller Financial Services Inc. purchased a new stake in shares of Foot Locker in the third quarter valued at approximately $42,618,000. Institutional investors own 92.35% of the company’s stock.
In other Foot Locker news, Director Matthew M. Mckenna sold 10,899 shares of the firm’s stock in a transaction on Tuesday, January 9th. The stock was sold at an average price of $45.82, for a total value of $499,392.18. Following the sale, the director now directly owns 35,000 shares in the company, valued at $1,603,700. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Giovanna Cipriano sold 21,000 shares of the firm’s stock in a transaction on Friday, January 19th. The shares were sold at an average price of $50.05, for a total value of $1,051,050.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 56,899 shares of company stock worth $2,801,692. Insiders own 1.73% of the company’s stock.
Foot Locker (NYSE:FL) last announced its quarterly earnings data on Friday, November 17th. The athletic footwear retailer reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.07. The business had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.82 billion. Foot Locker had a return on equity of 19.96% and a net margin of 6.79%. The company’s revenue for the quarter was down .8% compared to the same quarter last year. During the same period last year, the firm earned $1.13 earnings per share. analysts anticipate that Foot Locker, Inc. will post 4.1 EPS for the current year.
A number of equities research analysts have recently issued reports on the company. Pivotal Research assumed coverage on Foot Locker in a research report on Thursday, January 25th. They issued a “buy” rating and a $65.00 price target for the company. Wedbush restated an “outperform” rating and issued a $59.00 price target (up from $52.00) on shares of Foot Locker in a research report on Thursday, January 25th. Barclays upped their price target on Foot Locker from $55.00 to $60.00 and gave the company an “overweight” rating in a research report on Tuesday, January 30th. Oppenheimer upgraded Foot Locker from a “market perform” rating to an “outperform” rating and set a $70.00 price objective for the company in a research report on Wednesday, January 31st. Finally, ValuEngine lowered Foot Locker from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $56.15.
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Foot Locker 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 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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