Foot Locker, Inc. (FL) Shares Bought by Clinton Group Inc.
Clinton Group Inc. raised its stake in Foot Locker, Inc. (NYSE:FL) by 365.7% during the first quarter, Holdings Channel reports. The fund owned 46,961 shares of the textile maker’s stock after buying an additional 36,878 shares during the period. Clinton Group Inc.’s holdings in Foot Locker were worth $3,513,000 as of its most recent filing with the SEC.
Other institutional investors have also bought and sold shares of the company. YorkBridge Wealth Partners LLC boosted its position in Foot Locker by 18.6% in the first quarter. YorkBridge Wealth Partners LLC now owns 1,360 shares of the textile maker’s stock valued at $104,000 after buying an additional 213 shares during the last quarter. Acrospire Investment Management LLC boosted its position in Foot Locker by 50.0% in the first quarter. Acrospire Investment Management LLC now owns 1,500 shares of the textile maker’s stock valued at $112,000 after buying an additional 500 shares during the last quarter. Van ECK Associates Corp boosted its position in Foot Locker by 7.3% in the fourth quarter. Van ECK Associates Corp now owns 1,938 shares of the textile maker’s stock valued at $137,000 after buying an additional 132 shares during the last quarter. Pacer Advisors Inc. boosted its position in Foot Locker by 3.5% in the first quarter. Pacer Advisors Inc. now owns 2,630 shares of the textile maker’s stock valued at $197,000 after buying an additional 88 shares during the last quarter. Finally, Tocqueville Asset Management L.P. acquired a new position in Foot Locker during the first quarter valued at approximately $204,000. Institutional investors and hedge funds own 95.30% of the company’s stock.
Foot Locker, Inc. (NYSE:FL) traded down 2.19% on Friday, reaching $58.06. The company’s stock had a trading volume of 2,737,061 shares. The firm has a 50-day moving average of $70.97 and a 200-day moving average of $72.31. Foot Locker, Inc. has a one year low of $50.90 and a one year high of $79.43. The company has a market capitalization of $7.70 billion, a PE ratio of 11.91 and a beta of 0.57.
Foot Locker (NYSE:FL) last announced its earnings results on Friday, May 19th. The textile maker reported $1.36 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.38 by $0.02. Foot Locker had a net margin of 8.26% and a return on equity of 24.22%. The business had revenue of $2 billion for the quarter, compared to analysts’ expectations of $2.02 billion. During the same quarter last year, the firm earned $1.39 EPS. The firm’s quarterly revenue was up .7% on a year-over-year basis. Analysts predict that Foot Locker, Inc. will post $5.16 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, July 28th. Shareholders of record on Friday, July 14th will be given a dividend of $0.31 per share. The ex-dividend date is Wednesday, July 12th. This represents a $1.24 annualized dividend and a dividend yield of 2.09%. Foot Locker’s dividend payout ratio (DPR) is presently 23.71%.
Several research firms recently commented on FL. B. Riley restated a “buy” rating and set a $79.00 target price on shares of Foot Locker in a research report on Wednesday, April 26th. Jefferies Group LLC set a $80.00 price objective on Foot Locker and gave the stock a “buy” rating in a report on Saturday, May 20th. Canaccord Genuity set a $75.00 price objective on Foot Locker and gave the stock a “buy” rating in a report on Saturday, May 20th. Piper Jaffray Companies set a $60.00 price objective on Foot Locker and gave the stock a “hold” rating in a report on Saturday, May 20th. Finally, Barclays PLC cut their price objective on Foot Locker from $85.00 to $80.00 and set an “overweight” rating for the company in a report on Monday, May 22nd. Six analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Foot Locker has a consensus rating of “Buy” and a consensus target price of $76.06.
In other Foot Locker news, Director Jarobin Gilbert, Jr. sold 5,600 shares of the business’s 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 owns 8,964 shares in the company, valued at $532,461.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Lauren B. Peters sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 8th. The shares were sold at an average price of $77.51, for a total value of $1,937,750.00. Following the transaction, the chief financial officer now owns 144,597 shares of the company’s stock, valued at approximately $11,207,713.47. The disclosure for this sale can be found here. Insiders have sold 38,600 shares of company stock valued at $2,866,390 in the last 90 days. Company insiders own 2.92% 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.
Want to see what other hedge funds are holding FL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Foot Locker, Inc. (NYSE:FL).
Receive News & Ratings for Foot Locker Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Foot Locker Inc. and related companies with MarketBeat.com's FREE daily email newsletter.