StockNews.com Begins Coverage on Foot Locker (NYSE:FL)

StockNews.com initiated coverage on shares of Foot Locker (NYSE:FL – Get Rating) in a research note issued to investors on Thursday. The brokerage issued a hold rating on the athletic footwear retailer’s stock.

A number of other research analysts have also commented on FL. Telsey Advisory Group upped their price target on shares of Foot Locker from $37.00 to $39.00 and gave the company a market perform rating in a research note on Monday, November 21st. Barclays upped their price target on shares of Foot Locker from $38.00 to $40.00 in a research note on Monday, November 21st. Citigroup upped their price target on shares of Foot Locker from $33.00 to $38.00 and gave the company a neutral rating in a research note on Monday, November 21st. Morgan Stanley decreased their price target on shares of Foot Locker from $36.00 to $33.00 and set an equal weight rating on the stock in a research note on Tuesday, November 22nd. Finally, BTIG Research assumed coverage on shares of Foot Locker in a research note on Monday, February 6th. They issued a buy rating and a $55.00 price target on the stock. Seventeen investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Foot Locker currently has an average rating of Hold and a consensus price target of $41.32.

Foot Locker Stock Down 1.0 %

Shares of FL stock opened at $42.26 on Thursday. Foot Locker has a 52-week low of $23.85 and a 52-week high of $47.22. The stock has a market cap of $3.94 billion, a price-to-earnings ratio of 9.63 and a beta of 1.25. The firm’s 50-day moving average is $42.54 and its 200-day moving average is $37.69. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.43 and a current ratio of 1.54.

Foot Locker Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 28th. Investors of record on Friday, April 14th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, April 13th. This represents a $1.60 annualized dividend and a dividend yield of 3.79%. Foot Locker’s dividend payout ratio is currently 36.45%.

Insider Buying and Selling at Foot Locker

In other news, VP John A. Maurer sold 3,500 shares of the stock in a transaction dated Thursday, January 26th. The shares were sold at an average price of $42.01, for a total value of $147,035.00. Following the completion of the transaction, the vice president now owns 23,221 shares of the company’s stock, valued at $975,514.21. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, VP John A. Maurer sold 3,500 shares of the stock in a transaction that occurred on Thursday, January 26th. The shares were sold at an average price of $42.01, for a total value of $147,035.00. Following the completion of the transaction, the vice president now owns 23,221 shares of the company’s stock, valued at approximately $975,514.21. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Todd Greener sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, January 5th. The shares were sold at an average price of $37.63, for a total transaction of $94,075.00. Following the completion of the sale, the senior vice president now owns 5,921 shares in the company, valued at approximately $222,807.23. The disclosure for this sale can be found here. Company insiders own 3.00% of the company’s stock.

Hedge Funds Weigh In On Foot Locker

A number of institutional investors and hedge funds have recently bought and sold shares of FL. Envestnet Asset Management Inc. grew its holdings in shares of Foot Locker by 2.6% during the fourth quarter. Envestnet Asset Management Inc. now owns 10,853 shares of the athletic footwear retailer’s stock worth $410,000 after purchasing an additional 279 shares during the last quarter. SummerHaven Investment Management LLC grew its holdings in Foot Locker by 1.0% during the 4th quarter. SummerHaven Investment Management LLC now owns 30,793 shares of the athletic footwear retailer’s stock worth $1,164,000 after acquiring an additional 314 shares during the last quarter. Amalgamated Bank increased its position in Foot Locker by 0.6% in the 4th quarter. Amalgamated Bank now owns 53,747 shares of the athletic footwear retailer’s stock valued at $2,031,000 after acquiring an additional 331 shares during the period. Sei Investments Co. raised its stake in shares of Foot Locker by 0.6% during the fourth quarter. Sei Investments Co. now owns 57,195 shares of the athletic footwear retailer’s stock valued at $2,161,000 after acquiring an additional 336 shares during the last quarter. Finally, Independent Advisor Alliance lifted its holdings in shares of Foot Locker by 3.1% during the third quarter. Independent Advisor Alliance now owns 16,562 shares of the athletic footwear retailer’s stock worth $516,000 after purchasing an additional 500 shares during the period. Institutional investors and hedge funds own 95.06% of the company’s stock.

Foot Locker Company Profile

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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.