Bank of The West cut its holdings in shares of Foot Locker, Inc. (NYSE:FL) by 27.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 30,563 shares of the athletic footwear retailer’s stock after selling 11,571 shares during the quarter. Bank of The West’s holdings in Foot Locker were worth $1,432,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Rockefeller Financial Services Inc. purchased a new stake in shares of Foot Locker in the third quarter worth about $42,618,000. Bank of New York Mellon Corp lifted its holdings in shares of Foot Locker by 32.0% in the third quarter. Bank of New York Mellon Corp now owns 3,591,593 shares of the athletic footwear retailer’s stock worth $126,495,000 after buying an additional 870,899 shares in the last quarter. Koch Industries Inc. purchased a new stake in shares of Foot Locker in the second quarter worth about $720,000. Bank of Montreal Can lifted its holdings in shares of Foot Locker by 367.4% in the fourth quarter. Bank of Montreal Can now owns 704,932 shares of the athletic footwear retailer’s stock worth $33,049,000 after buying an additional 554,114 shares in the last quarter. Finally, Boston Partners lifted its holdings in shares of Foot Locker by 711.2% in the fourth quarter. Boston Partners now owns 538,310 shares of the athletic footwear retailer’s stock worth $25,236,000 after buying an additional 471,947 shares in the last quarter. 89.01% of the stock is currently owned by institutional investors and hedge funds.
Foot Locker, Inc. (NYSE FL) opened at $48.01 on Thursday. Foot Locker, Inc. has a 52-week low of $28.42 and a 52-week high of $77.86. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.09 and a current ratio of 4.41. The company has a market cap of $5,820.00, a P/E ratio of 12.09, a price-to-earnings-growth ratio of 2.12 and a beta of 0.80.
The company also recently announced a quarterly dividend, which was paid on Friday, February 2nd. Stockholders of record on Friday, January 19th were issued a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 2.58%. The ex-dividend date of this dividend was Thursday, January 18th. Foot Locker’s dividend payout ratio is 31.23%.
In other news, SVP Giovanna Cipriano sold 21,000 shares of the firm’s stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $50.05, for a total value of $1,051,050.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Matthew M. Mckenna sold 10,899 shares of the firm’s stock in a transaction that occurred on Tuesday, January 9th. The stock was sold at an average price of $45.82, for a total transaction 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 disclosure for this sale can be found here. Insiders sold 56,899 shares of company stock worth $2,801,692 in the last 90 days. Company insiders own 1.73% of the company’s stock.
FL has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of Foot Locker from a “hold” rating to a “buy” rating and set a $53.00 price target on the stock in a report on Tuesday, December 26th. Cowen set a $37.00 price target on shares of Foot Locker and gave the stock a “hold” rating in a report on Monday, October 23rd. Robert W. Baird restated a “hold” rating and issued a $37.00 price objective on shares of Foot Locker in a research report on Sunday, October 29th. Deutsche Bank upgraded shares of Foot Locker from a “hold” rating to a “buy” rating and upped their price objective for the stock from $38.00 to $45.00 in a research report on Friday, November 17th. Finally, Canaccord Genuity restated a “hold” rating and issued a $39.00 price objective on shares of Foot Locker in a research report on Friday, October 20th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $56.15.
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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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