Hsbc Holdings PLC decreased its stake in Foot Locker, Inc. (NYSE:FL) by 0.4% during the third quarter, Holdings Channel reports. The firm owned 218,795 shares of the company’s stock after selling 823 shares during the period. Hsbc Holdings PLC’s holdings in Foot Locker were worth $14,777,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the company. Aviance Capital Partners LLC boosted its stake in shares of Foot Locker by 0.3% in the third quarter. Aviance Capital Partners LLC now owns 15,688 shares of the company’s stock valued at $1,062,000 after buying an additional 46 shares during the period. AMG National Trust Bank boosted its stake in shares of Foot Locker by 1.3% in the third quarter. AMG National Trust Bank now owns 5,200 shares of the company’s stock valued at $352,000 after buying an additional 65 shares during the period. HGK Asset Management Inc. boosted its stake in shares of Foot Locker by 1.0% in the third quarter. HGK Asset Management Inc. now owns 6,520 shares of the company’s stock valued at $442,000 after buying an additional 65 shares during the period. Emerald Mutual Fund Advisers Trust boosted its stake in shares of Foot Locker by 2.5% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 3,794 shares of the company’s stock valued at $208,000 after buying an additional 93 shares during the period. Finally, Nomura Asset Management Co. Ltd. boosted its stake in shares of Foot Locker by 0.6% in the third quarter. Nomura Asset Management Co. Ltd. now owns 16,750 shares of the company’s stock valued at $1,134,000 after buying an additional 100 shares during the period. 95.01% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Foot Locker (NYSE:FL)

Foot Locker, Inc. (NYSE:FL) opened at 70.35 on Friday. The firm has a market capitalization of $9.31 billion, a PE ratio of 15.19 and a beta of 0.62. Foot Locker, Inc. has a 12 month low of $50.90 and a 12 month high of $79.43. The firm has a 50-day moving average of $73.79 and a 200 day moving average of $66.59.

Foot Locker (NYSE:FL) last announced its earnings results on Friday, November 18th. The company reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.03. Foot Locker had a net margin of 8.26% and a return on equity of 24.22%. The business earned $1.89 billion during the quarter. During the same quarter in the previous year, the firm earned $1.00 earnings per share. The company’s revenue for the quarter was up 5.1% compared to the same quarter last year. Equities research analysts forecast that Foot Locker, Inc. will post $4.78 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 27th. Stockholders of record on Friday, January 13th will be issued a $0.275 dividend. The ex-dividend date is Wednesday, January 11th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.56%. Foot Locker’s payout ratio is 23.71%.

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Several brokerages have commented on FL. B. Riley reissued a “buy” rating and set a $81.00 price target on shares of Foot Locker in a research report on Saturday, November 19th. Canaccord Genuity set a $79.00 price objective on shares of Foot Locker and gave the stock a “buy” rating in a research note on Saturday, November 19th. Zacks Investment Research upgraded shares of Foot Locker from a “hold” rating to a “buy” rating and set a $85.00 price objective on the stock in a research note on Tuesday, December 6th. Vetr lowered shares of Foot Locker from a “buy” rating to a “hold” rating and set a $75.82 price objective on the stock. in a research note on Monday, December 5th. Finally, Wedbush restated an “outperform” rating and set a $80.00 price objective on shares of Foot Locker in a research note on Friday, December 2nd. One research analyst has rated the stock with a sell rating, five have given a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $75.46.

In other Foot Locker news, Director Jarobin Gilbert, Jr. sold 1,000 shares of the business’s stock in a transaction on Tuesday, December 6th. The shares were sold at an average price of $76.23, for a total transaction of $76,230.00. Following the transaction, the director now directly owns 11,876 shares of the company’s stock, valued at approximately $905,307.48. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Paulette Alviti sold 10,000 shares of the business’s stock in a transaction on Monday, December 5th. The shares were sold at an average price of $75.32, for a total transaction of $753,200.00. Following the transaction, the senior vice president now directly owns 52,307 shares in the company, valued at $3,939,763.24. The disclosure for this sale can be found here. 2.90% of the stock is currently owned by insiders.

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’s Athletic Stores segment is an athletic footwear and apparel retailer whose formats include Foot Locker, Lady Foot Locker, Kids Foot Locker, Champs Sports, Footaction, SIX:02, Runners Point Group, including Runners Point and Sidestep.

5 Day Chart for NYSE:FL

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