Canada Pension Plan Investment Board increased its stake in Foot Locker, Inc. (NYSE:FL) by 65.3% during the second quarter, Holdings Channel reports. The institutional investor owned 1,819,210 shares of the athletic footwear retailer’s stock after buying an additional 718,800 shares during the period. Canada Pension Plan Investment Board’s holdings in Foot Locker were worth $89,651,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently added to or reduced their stakes in FL. YorkBridge Wealth Partners LLC increased its stake in Foot Locker by 18.6% in the first quarter. YorkBridge Wealth Partners LLC now owns 1,360 shares of the athletic footwear retailer’s stock valued at $104,000 after buying an additional 213 shares in the last quarter. Acrospire Investment Management LLC increased its stake in Foot Locker by 50.0% in the first quarter. Acrospire Investment Management LLC now owns 1,500 shares of the athletic footwear retailer’s stock valued at $112,000 after buying an additional 500 shares in the last quarter. Van ECK Associates Corp increased its stake in Foot Locker by 5.6% in the first quarter. Van ECK Associates Corp now owns 2,047 shares of the athletic footwear retailer’s stock valued at $153,000 after buying an additional 109 shares in the last quarter. Pacer Advisors Inc. increased its stake in Foot Locker by 3.5% in the first quarter. Pacer Advisors Inc. now owns 2,630 shares of the athletic footwear retailer’s stock valued at $197,000 after buying an additional 88 shares in the last quarter. Finally, Tocqueville Asset Management L.P. bought a new stake in Foot Locker during the first quarter valued at $204,000. 94.45% of the stock is currently owned by institutional investors.

Foot Locker, Inc. (FL) opened at 49.80 on Thursday. The firm has a market capitalization of $6.54 billion, a PE ratio of 10.22 and a beta of 0.68. The firm’s 50-day moving average is $48.26 and its 200-day moving average is $64.34. Foot Locker, Inc. has a 52-week low of $44.59 and a 52-week high of $79.43. Foot Locker also was the recipient of some unusual options trading activity on Tuesday. Traders acquired 11,770 put options on the company. This represents an increase of 447% compared to the typical daily volume of 2,150 put options.

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 28th. Investors of record on Friday, July 14th were given a $0.31 dividend. The ex-dividend date of this dividend was Wednesday, July 12th. This represents a $1.24 dividend on an annualized basis and a yield of 2.49%. Foot Locker’s dividend payout ratio (DPR) is 25.36%.

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Several analysts have weighed in on the stock. B. Riley reissued a “buy” rating and set a $79.00 target price on shares of Foot Locker in a research report on Wednesday, April 26th. BidaskClub raised shares of Foot Locker from a “strong sell” rating to a “sell” rating in a research report on Monday, July 31st. Jefferies Group LLC set a $80.00 target price on shares of Foot Locker and gave the stock a “buy” rating in a research report on Saturday, May 20th. Canaccord Genuity set a $75.00 target price on shares of Foot Locker and gave the stock a “buy” rating in a research report on Saturday, May 20th. Finally, Piper Jaffray Companies set a $60.00 target price on shares of Foot Locker and gave the stock a “hold” rating in a research report on Saturday, May 20th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company. Foot Locker presently has a consensus rating of “Buy” and a consensus price target of $72.92.

In related news, Director Jarobin Gilbert, Jr. sold 5,600 shares of Foot Locker stock in a transaction on Wednesday, May 24th. The shares were sold at an average price of $59.40, for a total value of $332,640.00. Following 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 legal filing with the SEC, which is accessible through this link. Company insiders own 2.90% of the company’s stock.

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

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