Foot Locker, Inc. (FL) Shares Bought by California Public Employees Retirement System
California Public Employees Retirement System grew its holdings in shares of Foot Locker, Inc. (NYSE:FL) by 35.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 486,091 shares of the athletic footwear retailer’s stock after buying an additional 126,683 shares during the period. California Public Employees Retirement System owned approximately 0.40% of Foot Locker worth $22,788,000 as of its most recent filing with the SEC.
Other institutional investors have also bought and sold shares of the company. Toronto Dominion Bank raised its position in shares of Foot Locker by 24.5% during the second quarter. Toronto Dominion Bank now owns 44,472 shares of the athletic footwear retailer’s stock worth $2,190,000 after purchasing an additional 8,746 shares during the period. Los Angeles Capital Management & Equity Research Inc. acquired a new position in shares of Foot Locker during the third quarter worth approximately $4,590,000. Mutual of America Capital Management LLC raised its position in shares of Foot Locker by 366.0% during the third quarter. Mutual of America Capital Management LLC now owns 73,788 shares of the athletic footwear retailer’s stock worth $2,599,000 after purchasing an additional 57,952 shares during the period. First Trust Advisors LP raised its position in Foot Locker by 77.3% in the 3rd quarter. First Trust Advisors LP now owns 657,686 shares of the athletic footwear retailer’s stock valued at $23,164,000 after buying an additional 286,776 shares during the last quarter. Finally, Commonwealth Bank of Australia raised its position in Foot Locker by 356.2% in the 3rd quarter. Commonwealth Bank of Australia now owns 73,381 shares of the athletic footwear retailer’s stock valued at $2,579,000 after buying an additional 57,296 shares during the last quarter. Hedge funds and other institutional investors own 96.49% 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 dated Tuesday, January 9th. The stock was sold at an average price of $45.82, for a total value of $499,392.18. Following the completion of the transaction, the director now owns 35,000 shares in the company, valued at approximately $1,603,700. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Jarobin Gilbert, Jr. sold 1,500 shares of the firm’s stock in a transaction dated Monday, March 12th. The stock was sold at an average price of $43.44, for a total value of $65,160.00. The disclosure for this sale can be found here. Insiders have sold a total of 69,442 shares of company stock valued at $3,338,499 in the last quarter. 2.90% of the stock is owned by corporate insiders.
Foot Locker (NYSE:FL) last posted its quarterly earnings results on Friday, March 2nd. The athletic footwear retailer reported $1.26 earnings per share for the quarter, topping the consensus estimate of $1.25 by $0.01. The company had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.23 billion. Foot Locker had a return on equity of 19.32% and a net margin of 3.65%. The firm’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.37 EPS. analysts predict that Foot Locker, Inc. will post 4.4 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, May 4th. Stockholders of record on Friday, April 20th will be paid a dividend of $0.345 per share. This is an increase from Foot Locker’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Thursday, April 19th. This represents a $1.38 annualized dividend and a dividend yield of 3.18%. Foot Locker’s dividend payout ratio is presently 41.75%.
A number of equities research analysts recently commented on FL shares. Canaccord Genuity lowered their price target on Foot Locker from $39.00 to $36.00 and set a “hold” rating for the company in a research report on Wednesday, November 15th. Deutsche Bank raised Foot Locker from a “hold” rating to a “buy” rating and increased their price target for the company from $38.00 to $45.00 in a research report on Friday, November 17th. Jefferies Group set a $61.00 price target on Foot Locker and gave the company a “buy” rating in a research report on Friday, November 17th. Cowen set a $40.00 price target on Foot Locker and gave the company a “hold” rating in a research report on Saturday, November 18th. Finally, Citigroup increased their price target on Foot Locker from $40.00 to $47.00 and gave the company a “buy” rating in a research report on Monday, November 20th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and sixteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $54.23.
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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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