Glenmede Trust Co. NA Reduces Stake in Foot Locker, Inc. (NYSE:FL)

Glenmede Trust Co. NA reduced its stake in Foot Locker, Inc. (NYSE:FLGet Rating) by 13.8% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 529,678 shares of the athletic footwear retailer’s stock after selling 84,663 shares during the quarter. Glenmede Trust Co. NA owned approximately 0.57% of Foot Locker worth $16,487,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. BlackRock Inc. lifted its stake in shares of Foot Locker by 5.0% in the 1st quarter. BlackRock Inc. now owns 8,129,401 shares of the athletic footwear retailer’s stock valued at $241,118,000 after purchasing an additional 386,775 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Foot Locker by 6.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 5,026,418 shares of the athletic footwear retailer’s stock valued at $156,482,000 after purchasing an additional 312,687 shares during the last quarter. LSV Asset Management lifted its stake in shares of Foot Locker by 1.6% in the 3rd quarter. LSV Asset Management now owns 4,492,965 shares of the athletic footwear retailer’s stock valued at $139,866,000 after purchasing an additional 70,700 shares during the last quarter. State Street Corp lifted its stake in shares of Foot Locker by 9.4% in the 2nd quarter. State Street Corp now owns 2,895,754 shares of the athletic footwear retailer’s stock valued at $73,118,000 after purchasing an additional 248,611 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its stake in shares of Foot Locker by 6.5% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,501,378 shares of the athletic footwear retailer’s stock valued at $46,738,000 after purchasing an additional 91,049 shares during the last quarter. Institutional investors and hedge funds own 95.06% of the company’s stock.

Insider Buying and Selling

In related news, SVP Todd Greener sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, January 5th. The stock was sold at an average price of $37.63, for a total transaction of $94,075.00. Following the transaction, the senior vice president now owns 5,921 shares in the company, valued at approximately $222,807.23. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.00% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on FL shares. Deutsche Bank Aktiengesellschaft upped their price target on Foot Locker from $31.00 to $36.00 in a research note on Monday, November 21st. UBS Group increased their target price on Foot Locker to $39.00 in a research note on Monday, November 28th. Barclays increased their target price on Foot Locker from $38.00 to $40.00 in a research note on Monday, November 21st. Telsey Advisory Group increased their target price on Foot Locker from $37.00 to $39.00 and gave the stock a “market perform” rating in a research note on Monday, November 21st. Finally, JPMorgan Chase & Co. decreased their target price on Foot Locker from $40.00 to $37.00 and set a “neutral” rating on the stock in a research note on Monday, October 31st. Twenty equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, Foot Locker has a consensus rating of “Hold” and a consensus target price of $38.00.

Foot Locker Stock Up 0.5 %

Shares of FL traded up $0.20 during mid-day trading on Wednesday, reaching $39.56. The company’s stock had a trading volume of 361,817 shares, compared to its average volume of 1,861,707. Foot Locker, Inc. has a 12-month low of $23.85 and a 12-month high of $47.42. The stock has a market cap of $3.69 billion, a PE ratio of 8.97 and a beta of 1.23. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.54 and a quick ratio of 0.43. The company’s 50 day moving average is $37.45 and its 200 day moving average is $34.12.

Foot Locker (NYSE:FLGet Rating) last released its quarterly earnings data on Friday, November 18th. The athletic footwear retailer reported $1.27 EPS for the quarter, beating analysts’ consensus estimates of $1.09 by $0.18. Foot Locker had a return on equity of 16.98% and a net margin of 4.87%. The business had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $2.12 billion. Equities analysts anticipate that Foot Locker, Inc. will post 4.49 EPS for the current fiscal year.

Foot Locker Announces Dividend

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 paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, January 12th. This represents a $1.60 dividend on an annualized basis and a yield of 4.04%. Foot Locker’s dividend payout ratio is presently 36.45%.

About Foot Locker

(Get Rating)

Foot Locker, Inc engages in the retail of athletic shoes and apparel. The firm uses its omni-channel capabilities to bridge the digital world and physical stores, including order-in-store, buy online and pickup-in-store, and buy online and ship-from-store, as well as e-commerce. It operates through following segments: North America, EMEA (Europe, Middle East, and Africa, and Asia Pacific.

Featured Stories

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

Receive News & Ratings for Foot Locker Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Foot Locker and related companies with MarketBeat.com's FREE daily email newsletter.