Blue Granite Capital LLC boosted its position in Foot Locker, Inc. (NYSE:FL) by 27.1% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 55,150 shares of the athletic footwear retailer’s stock after buying an additional 11,775 shares during the period. Foot Locker comprises 1.8% of Blue Granite Capital LLC’s portfolio, making the stock its 26th largest position. Blue Granite Capital LLC’s holdings in Foot Locker were worth $2,717,000 as of its most recent SEC filing.
Several other hedge funds have also recently bought and sold shares of FL. YorkBridge Wealth Partners LLC boosted its stake in Foot Locker by 18.6% in the first quarter. YorkBridge Wealth Partners LLC now owns 1,360 shares of the athletic footwear retailer’s stock worth $104,000 after buying an additional 213 shares during the period. Acrospire Investment Management LLC boosted its stake in Foot Locker by 50.0% in the first quarter. Acrospire Investment Management LLC now owns 1,500 shares of the athletic footwear retailer’s stock worth $112,000 after buying an additional 500 shares during the period. Van ECK Associates Corp boosted its position in shares of Foot Locker by 5.6% in the first quarter. Van ECK Associates Corp now owns 2,047 shares of the athletic footwear retailer’s stock valued at $153,000 after buying an additional 109 shares during the period. Pacer Advisors Inc. boosted its position in shares of Foot Locker by 3.5% in the first quarter. Pacer Advisors Inc. now owns 2,630 shares of the athletic footwear retailer’s stock valued at $197,000 after buying an additional 88 shares during the period. Finally, Tocqueville Asset Management L.P. bought a new position in shares of Foot Locker during the first quarter valued at about $204,000. Institutional investors and hedge funds own 94.45% of the company’s stock.
Foot Locker, Inc. (NYSE FL) opened at 49.30 on Friday. Foot Locker, Inc. has a one year low of $44.59 and a one year high of $79.43. The firm has a 50-day moving average price of $48.35 and a 200 day moving average price of $64.09. The firm has a market capitalization of $6.47 billion, a P/E ratio of 10.11 and a beta of 0.68.
The company also recently declared a quarterly dividend, which was paid on Friday, July 28th. Shareholders of record on Friday, July 14th were given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 2.52%. The ex-dividend date was Wednesday, July 12th. Foot Locker’s dividend payout ratio (DPR) is currently 25.36%.
Several brokerages recently issued reports on FL. Susquehanna Bancshares Inc restated a “positive” rating and issued a $86.00 price target on shares of Foot Locker in a research report on Friday, April 21st. B. Riley restated a “buy” rating and issued a $79.00 price target on shares of Foot Locker in a research report on Thursday, April 20th. Barclays PLC reaffirmed an “overweight” rating and issued a $80.00 price objective on shares of Foot Locker in a report on Thursday, June 22nd. Morgan Stanley raised Foot Locker from an “equal weight” rating to an “overweight” rating and lowered their price objective for the company from $70.00 to $65.00 in a report on Tuesday. Finally, Wedbush reaffirmed an “outperform” rating and issued a $83.00 price objective on shares of Foot Locker in a report on Wednesday, May 17th. Ten research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. Foot Locker presently has a consensus rating of “Buy” and a consensus target price of $72.92.
In other news, Director Jarobin Gilbert, Jr. sold 5,600 shares of the stock in a transaction dated Wednesday, May 24th. The shares were sold at an average price of $59.40, for a total value of $332,640.00. Following the transaction, the director now directly owns 8,964 shares of the company’s stock, valued at $532,461.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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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