CIBC World Markets Inc. raised its holdings in Foot Locker, Inc. (NYSE:FL) by 33.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 11,646 shares of the athletic footwear retailer’s stock after buying an additional 2,913 shares during the quarter. CIBC World Markets Inc.’s holdings in Foot Locker were worth $546,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Bank of New York Mellon Corp raised its stake 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 purchasing an additional 870,899 shares during the last quarter. APG Asset Management N.V. grew its holdings in Foot Locker by 11.2% during the third quarter. APG Asset Management N.V. now owns 2,776,631 shares of the athletic footwear retailer’s stock worth $97,793,000 after acquiring an additional 279,200 shares during the period. Dimensional Fund Advisors LP grew its holdings in Foot Locker by 36.8% during the third quarter. Dimensional Fund Advisors LP now owns 1,329,354 shares of the athletic footwear retailer’s stock worth $46,817,000 after acquiring an additional 357,669 shares during the period. Rockefeller Financial Services Inc. acquired a new stake in Foot Locker during the third quarter worth about $42,618,000. Finally, Legal & General Group Plc grew its holdings in Foot Locker by 7.3% during the third quarter. Legal & General Group Plc now owns 781,654 shares of the athletic footwear retailer’s stock worth $27,528,000 after acquiring an additional 53,224 shares during the period. Institutional investors own 89.01% of the company’s stock.
Shares of Foot Locker, Inc. (FL) opened at $48.01 on Thursday. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.41 and a quick ratio of 2.09. The company has a market capitalization 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. Foot Locker, Inc. has a 1-year low of $28.42 and a 1-year high of $77.86.
The company also recently declared a quarterly dividend, which was paid on Friday, February 2nd. Stockholders of record on Friday, January 19th were paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.58%. The ex-dividend date was Thursday, January 18th. Foot Locker’s dividend payout ratio is presently 31.23%.
Several research firms recently commented on FL. Jefferies Group set a $61.00 target price on Foot Locker and gave the stock a “buy” rating in a report on Friday, November 17th. Canaccord Genuity set a $67.00 target price on Foot Locker and gave the stock a “buy” rating in a report on Sunday, January 7th. Barclays raised their target price on Foot Locker from $55.00 to $60.00 and gave the stock an “overweight” rating in a report on Tuesday, January 30th. Telsey Advisory Group raised Foot Locker from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $44.00 to $56.00 in a report on Friday, January 19th. Finally, Zacks Investment Research lowered Foot Locker from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 16th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $56.15.
In other news, SVP Giovanna Cipriano sold 21,000 shares of Foot Locker stock in a transaction that occurred on Friday, January 19th. The stock was sold at an average price of $50.05, for a total value of $1,051,050.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Richard A. Johnson sold 25,000 shares of Foot Locker stock in a transaction that occurred on Friday, January 19th. The stock was sold at an average price of $50.05, for a total value of $1,251,250.00. The disclosure for this sale can be found here. Insiders sold 56,899 shares of company stock worth $2,801,692 over the last ninety days. Corporate insiders own 1.73% of the company’s stock.
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Foot Locker Company Profile
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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