Latest Stocks: Foot Locker, Inc. (FL) Stake Decreased by LS Investment Advisors LLC

Latest Stocks: Foot Locker, Inc. (FL) Stake Decreased by LS Investment Advisors LLC

LS Investment Advisors LLC reduced its position in Foot Locker, Inc. (NYSE:FL) by 4.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,134 shares of the textile maker’s stock after selling 238 shares during the period. LS Investment Advisors LLC’s holdings in Foot Locker were worth $384,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in FL. Pictet Asset Management Ltd. increased its stake in Foot Locker by 19.6% in the first quarter. Pictet Asset Management Ltd. now owns 153,160 shares of the textile maker’s stock worth $11,458,000 after buying an additional 25,100 shares during the period. Xact Kapitalforvaltning AB increased its stake in Foot Locker by 16.5% in the first quarter. Xact Kapitalforvaltning AB now owns 30,337 shares of the textile maker’s stock worth $2,270,000 after buying an additional 4,300 shares during the period. Comerica Bank increased its stake in Foot Locker by 2.2% in the first quarter. Comerica Bank now owns 56,118 shares of the textile maker’s stock worth $4,303,000 after buying an additional 1,217 shares during the period. BNP Paribas Arbitrage SA increased its stake in Foot Locker by 412.7% in the first quarter. BNP Paribas Arbitrage SA now owns 122,923 shares of the textile maker’s stock worth $9,196,000 after buying an additional 98,948 shares during the period. Finally, Suntrust Banks Inc. increased its stake in Foot Locker by 11.1% in the first quarter. Suntrust Banks Inc. now owns 20,270 shares of the textile maker’s stock worth $1,514,000 after buying an additional 2,029 shares during the period. Hedge funds and other institutional investors own 95.30% of the company’s stock.

Foot Locker, Inc. (NYSE:FL) opened at 57.60 on Tuesday. The firm has a market capitalization of $7.64 billion, a P/E ratio of 11.82 and a beta of 0.57. The stock has a 50 day moving average of $70.19 and a 200-day moving average of $72.14. Foot Locker, Inc. has a 1-year low of $50.90 and a 1-year high of $79.43.

Foot Locker (NYSE:FL) last posted its quarterly earnings data on Friday, May 19th. The textile maker reported $1.36 EPS for the quarter, missing the consensus estimate of $1.38 by $0.02. The company had revenue of $2 billion during the quarter, compared to the consensus estimate of $2.02 billion. Foot Locker had a net margin of 8.26% and a return on equity of 24.22%. The company’s revenue was up .7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.39 earnings per share. On average, equities research analysts anticipate that Foot Locker, Inc. will post $5.15 earnings per share for the current year. The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 28th. Investors of record on Friday, July 14th will be given a $0.31 dividend. The ex-dividend date is Wednesday, July 12th. This represents a $1.24 annualized dividend and a yield of 2.15%. Foot Locker’s dividend payout ratio is currently 23.71%.

A number of equities research analysts have weighed in on the company. Cowen and Company restated a “market perform” rating and issued a $62.00 target price (down from $64.00) on shares of Foot Locker in a research report on Monday. B. Riley restated a “buy” rating and issued a $68.00 target price on shares of Foot Locker in a research report on Sunday, May 28th. Wedbush cut their target price on Foot Locker from $83.00 to $72.00 and set an “outperform” rating for the company in a research report on Tuesday, May 23rd. Robert W. Baird cut their target price on Foot Locker from $85.00 to $77.00 and set an “outperform” rating for the company in a research report on Monday, May 22nd. Finally, Barclays PLC cut their target price on Foot Locker from $85.00 to $80.00 and set an “overweight” rating for the company in a research report on Monday, May 22nd. Six analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. Foot Locker has a consensus rating of “Buy” and a consensus price target of $75.97. In related news, CFO Lauren B. Peters sold 25,000 shares of the business’s stock in a transaction 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 sale, the chief financial officer now directly owns 144,597 shares of the company’s stock, valued at approximately $11,207,713.47. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jarobin Gilbert, Jr. sold 5,600 shares of the business’s stock in a transaction on Wednesday, May 24th. The shares were sold at an average price of $59.40, for a total transaction of $332,640.00. Following the completion of the sale, the director now directly owns 8,964 shares in the company, valued at $532,461.60. The disclosure for this sale can be found here. Insiders sold a total of 38,600 shares of company stock worth $2,866,390 over the last ninety days. 2.92% of the stock is currently owned by insiders.

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