Deltec Asset Management LLC purchased a new stake in Foot Locker, Inc. (NYSE:FL) during the second quarter, according to its most recent disclosure with the SEC. The firm purchased 55,000 shares of the athletic footwear retailer’s stock, valued at approximately $2,710,000.
Other institutional investors also recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans raised its position in shares of Foot Locker by 6.3% in the fourth quarter. Thrivent Financial for Lutherans now owns 4,700 shares of the athletic footwear retailer’s stock worth $333,000 after buying an additional 280 shares during the last quarter. USA Financial Portformulas Corp acquired a new position in shares of Foot Locker during the fourth quarter worth about $443,000. Teachers Advisors LLC raised its position in shares of Foot Locker by 18.5% in the fourth quarter. Teachers Advisors LLC now owns 379,582 shares of the athletic footwear retailer’s stock worth $26,909,000 after buying an additional 59,167 shares during the last quarter. Kentucky Retirement Systems acquired a new position in shares of Foot Locker during the fourth quarter worth about $696,000. Finally, Kentucky Retirement Systems Insurance Trust Fund acquired a new position in shares of Foot Locker during the fourth quarter worth about $311,000. 93.57% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Foot Locker, Inc. (NYSE:FL) opened at 46.10 on Thursday. The firm has a 50-day moving average price of $49.78 and a 200-day moving average price of $65.88. Foot Locker, Inc. has a 12-month low of $44.59 and a 12-month high of $79.43. The firm has a market cap of $6.05 billion, a price-to-earnings ratio of 9.46 and a beta of 0.70.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 28th. Investors of record on Friday, July 14th will be issued a $0.31 dividend. The ex-dividend date is Wednesday, July 12th. This represents a $1.24 dividend on an annualized basis and a yield of 2.69%. Foot Locker’s payout ratio is 25.36%.
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Several equities research analysts recently issued reports on FL shares. B. Riley reissued a “buy” rating and set a $79.00 price target on shares of Foot Locker in a research report on Wednesday, April 26th. Jefferies Group LLC reissued a “buy” rating and set a $88.00 price target on shares of Foot Locker in a research report on Friday, April 21st. Zacks Investment Research lowered Foot Locker from a “buy” rating to a “hold” rating in a research report on Monday, April 24th. Cowen and Company reissued a “market perform” rating and set a $77.00 price target on shares of Foot Locker in a research report on Sunday, April 23rd. Finally, Deutsche Bank AG reissued a “buy” rating and set a $88.00 price target (down from $89.00) on shares of Foot Locker in a research report on Sunday, April 23rd. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $74.79.
In related news, Director Jarobin Gilbert, Jr. sold 5,600 shares of the stock in a transaction on Wednesday, May 24th. The stock was sold at an average price of $59.40, for a total value of $332,640.00. Following the completion of the sale, the director now directly owns 8,964 shares in the company, valued at $532,461.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.90% of the company’s stock.
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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