SG Americas Securities LLC increased its stake in shares of Foot Locker, Inc. (NYSE:FL) by 521.9% during the second quarter, Holdings Channel reports. The fund owned 106,525 shares of the athletic footwear retailer’s stock after buying an additional 89,395 shares during the period. SG Americas Securities LLC’s holdings in Foot Locker were worth $5,250,000 at the end of the most recent quarter.
A number of other institutional investors also recently bought and sold shares of FL. Vanguard Group Inc. increased its position in Foot Locker by 2.0% in the first quarter. Vanguard Group Inc. now owns 12,986,214 shares of the athletic footwear retailer’s stock valued at $971,499,000 after buying an additional 257,770 shares during the last quarter. BlackRock Inc. increased its position in Foot Locker by 2,189.3% in the first quarter. BlackRock Inc. now owns 9,163,944 shares of the athletic footwear retailer’s stock valued at $685,553,000 after buying an additional 8,763,641 shares during the last quarter. State Street Corp increased its position in Foot Locker by 1.7% in the first quarter. State Street Corp now owns 6,167,116 shares of the athletic footwear retailer’s stock valued at $461,353,000 after buying an additional 105,750 shares during the last quarter. Bank of New York Mellon Corp increased its position in Foot Locker by 1.5% in the first quarter. Bank of New York Mellon Corp now owns 2,936,340 shares of the athletic footwear retailer’s stock valued at $219,668,000 after buying an additional 42,736 shares during the last quarter. Finally, APG Asset Management N.V. increased its position in Foot Locker by 23.4% in the second quarter. APG Asset Management N.V. now owns 2,497,431 shares of the athletic footwear retailer’s stock valued at $123,073,000 after buying an additional 473,289 shares during the last quarter. 93.49% of the stock is currently owned by institutional investors and hedge funds.
Foot Locker, Inc. (FL) opened at 47.70 on Friday. The company has a 50-day moving average of $48.33 and a 200-day moving average of $63.50. Foot Locker, Inc. has a 52 week low of $44.59 and a 52 week high of $79.43. The stock has a market cap of $6.26 billion, a P/E ratio of 9.79 and a beta of 0.68.
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 27th. Stockholders of record on Friday, October 13th will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 2.60%. The ex-dividend date is Thursday, October 12th. Foot Locker’s dividend payout ratio (DPR) is currently 25.36%.
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FL has been the topic of several recent analyst reports. Zacks Investment Research downgraded shares of Foot Locker from a “buy” rating to a “hold” rating in a report on Monday, April 24th. Cowen and Company decreased their price target on shares of Foot Locker from $77.00 to $64.00 and set a “market perform” rating on the stock in a research note on Monday, May 22nd. BidaskClub raised shares of Foot Locker from a “strong sell” rating to a “sell” rating in a research note on Monday, July 31st. Deutsche Bank AG decreased their price target on shares of Foot Locker from $88.00 to $74.00 and set a “buy” rating on the stock in a research note on Monday, May 22nd. Finally, Piper Jaffray Companies set a $60.00 price target on shares of Foot Locker and gave the stock a “hold” rating in a research note on Saturday, May 20th. Ten analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. Foot Locker currently has an average rating of “Buy” and a consensus target price of $72.17.
In other news, Director Jarobin Gilbert, Jr. sold 5,600 shares of the stock in a transaction that occurred on Wednesday, May 24th. The stock was sold at an average price of $59.40, for a total transaction of $332,640.00. Following the completion of the transaction, the director now directly owns 8,964 shares in the company, valued at approximately $532,461.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 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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