Meadow Creek Investment Management LLC lowered its holdings in shares of Foot Locker, Inc. (NYSE:FL) by 11.1% during the second quarter, Holdings Channel reports. The firm owned 92,554 shares of the athletic footwear retailer’s stock after selling 11,572 shares during the period. Meadow Creek Investment Management LLC’s holdings in Foot Locker were worth $3,880,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. Geode Capital Management LLC raised its holdings in Foot Locker by 6.6% during the fourth quarter. Geode Capital Management LLC now owns 1,888,639 shares of the athletic footwear retailer’s stock valued at $100,376,000 after buying an additional 117,582 shares in the last quarter. Quadrant Capital Group LLC lifted its position in shares of Foot Locker by 75.1% during the 1st quarter. Quadrant Capital Group LLC now owns 655 shares of the athletic footwear retailer’s stock worth $37,000 after purchasing an additional 281 shares during the last quarter. Janus Henderson Group PLC lifted its position in shares of Foot Locker by 54.6% during the 1st quarter. Janus Henderson Group PLC now owns 112,085 shares of the athletic footwear retailer’s stock worth $6,792,000 after purchasing an additional 39,585 shares during the last quarter. Stephens Inc. AR boosted its stake in Foot Locker by 41.9% during the 1st quarter. Stephens Inc. AR now owns 6,030 shares of the athletic footwear retailer’s stock valued at $365,000 after purchasing an additional 1,780 shares during the period. Finally, Nissay Asset Management Corp Japan ADV boosted its stake in Foot Locker by 15.4% during the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 42,368 shares of the athletic footwear retailer’s stock valued at $2,568,000 after purchasing an additional 5,651 shares during the period. 97.69% of the stock is owned by institutional investors and hedge funds.

FL traded down $0.82 during midday trading on Wednesday, hitting $41.41. The company had a trading volume of 1,383,491 shares, compared to its average volume of 4,633,240. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.99 and a current ratio of 1.99. The company has a market capitalization of $4.49 billion, a PE ratio of 8.79, a P/E/G ratio of 0.85 and a beta of 0.95. Foot Locker, Inc. has a twelve month low of $33.12 and a twelve month high of $68.00. The firm’s 50-day simple moving average is $39.22 and its 200-day simple moving average is $49.15.

Foot Locker (NYSE:FL) last announced its earnings results on Friday, August 23rd. The athletic footwear retailer reported $0.66 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.66. Foot Locker had a net margin of 6.51% and a return on equity of 21.05%. The company had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.83 billion. During the same period in the previous year, the firm posted $0.75 earnings per share. The company’s revenue was down .4% on a year-over-year basis. As a group, sell-side analysts anticipate that Foot Locker, Inc. will post 4.94 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Friday, October 18th will be issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.67%. The ex-dividend date of this dividend is Thursday, October 17th. Foot Locker’s dividend payout ratio is currently 32.27%.

In other Foot Locker news, Director Matthew M. Mckenna sold 7,000 shares of the company’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $40.53, for a total transaction of $283,710.00. Following the transaction, the director now owns 26,862 shares of the company’s stock, valued at approximately $1,088,716.86. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 2.40% of the company’s stock.

Several brokerages have commented on FL. Bank of America set a $33.00 price target on Foot Locker and gave the stock a “sell” rating in a research report on Friday, August 23rd. Wedbush cut their price target on Foot Locker from $64.00 to $50.00 and set an “outperform” rating for the company in a report on Monday, August 26th. TheStreet downgraded Foot Locker from a “b-” rating to a “c+” rating in a research report on Monday, June 17th. Pivotal Research set a $50.00 target price on Foot Locker and gave the company a “buy” rating in a research note on Monday, August 26th. Finally, Morgan Stanley raised Foot Locker from an “underweight” rating to an “equal weight” rating and set a $40.00 target price for the company in a research report on Thursday, August 8th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the company. Foot Locker currently has a consensus rating of “Buy” and an average price target of $55.60.

About Foot Locker

Foot Locker, Inc, through its subsidiaries, operates as an athletic shoes and apparel retailer. The company operates in two segments, Athletic Stores and Direct-to-Customers. The Athletic Stores segment retails athletic footwear, apparel, accessories, and equipment under various formats, including Foot Locker, Kids Foot Locker, Lady Foot Locker, Champs Sports, Footaction, Runners Point, Sidestep, and SIX:02.

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Institutional Ownership by Quarter for Foot Locker (NYSE:FL)

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