The 84,627 Shares of Foot Locker Inc. (FL) are sold by First Citizens Bank & Trust Co.

The 84,627 Shares of Foot Locker Inc. (FL) are sold by First Citizens Bank & Trust Co.

First Citizens Bank & Trust Co. decreased its position in Foot Locker Inc. (NYSE:FL) by 82.2% during the second quarter, Holdings Channel reports. The firm owned 18,306 shares of the company’s stock after selling 84,627 shares during the period. First Citizens Bank & Trust Co.’s holdings in Foot Locker were worth $1,004,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in FL. Huntington National Bank increased its position in Foot Locker by 187.3% in the second quarter. Huntington National Bank now owns 2,396 shares of the company’s stock worth $131,000 after buying an additional 1,562 shares in the last quarter. HL Financial Services LLC increased its position in shares of Foot Locker by 9.8% in the second quarter. HL Financial Services LLC now owns 3,659 shares of the company’s stock worth $201,000 after buying an additional 328 shares in the last quarter. Emerald Mutual Fund Advisers Trust increased its position 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 worth $208,000 after buying an additional 93 shares in the last quarter. Raymond James Trust N.A. increased its position in shares of Foot Locker by 2.0% in the second quarter. Raymond James Trust N.A. now owns 3,819 shares of the company’s stock worth $210,000 after buying an additional 76 shares in the last quarter. Finally, NEXT Financial Group Inc increased its position in shares of Foot Locker by 0.7% in the second quarter. NEXT Financial Group Inc now owns 4,530 shares of the company’s stock worth $248,000 after buying an additional 30 shares in the last quarter. Hedge funds and other institutional investors own 98.06% of the company’s stock.

Foot Locker Inc. (NYSE:FL) traded up 1.46% during mid-day trading on Wednesday, hitting $69.25. 547,279 shares of the company’s stock were exchanged. Foot Locker Inc. has a 52 week low of $50.90 and a 52 week high of $71.04. The firm has a 50 day moving average of $66.78 and a 200 day moving average of $60.72. The stock has a market capitalization of $9.23 billion, a P/E ratio of 17.23 and a beta of 0.61.

Foot Locker (NYSE:FL) last announced its quarterly earnings data on Friday, August 19th. The company reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.04. Foot Locker had a net margin of 7.35% and a return on equity of 23.99%. The company earned $1.78 billion during the quarter, compared to analysts’ expectations of $1.76 billion. During the same quarter in the prior year, the company posted $0.84 EPS. The business’s revenue was up 5.0% on a year-over-year basis. Equities analysts forecast that Foot Locker Inc. will post $4.76 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 28th. Stockholders of record on Friday, October 14th will be paid a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date is Wednesday, October 12th. Foot Locker’s dividend payout ratio is 27.23%.

A number of equities analysts have recently commented on the stock. B. Riley reissued a “buy” rating and issued a $80.00 target price (up previously from $75.00) on shares of Foot Locker in a research note on Monday, August 22nd. Telsey Advisory Group raised their target price on shares of Foot Locker from $72.00 to $78.00 and gave the company an “outperform” rating in a research note on Monday, August 22nd. Piper Jaffray Cos. set a $67.00 target price on shares of Foot Locker and gave the company a “buy” rating in a research note on Thursday, August 18th. Susquehanna raised their target price on shares of Foot Locker from $73.00 to $80.00 and gave the company a “positive” rating in a research note on Monday, August 22nd. Finally, Jefferies Group raised their target price on shares of Foot Locker from $73.00 to $80.00 and gave the company a “buy” rating in a research note on Monday, August 22nd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the stock. Foot Locker has a consensus rating of “Buy” and an average price target of $72.87.

In other news, CEO Lewis Phillip Kimble sold 43,479 shares of the stock in a transaction on Wednesday, September 7th. The shares were sold at an average price of $65.40, for a total value of $2,843,526.60. Following the completion of the transaction, the chief executive officer now owns 26,131 shares in the company, valued at approximately $1,708,967.40. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Chairman Richard A. Johnson sold 50,000 shares of the stock in a transaction on Friday, August 19th. The shares were sold at an average price of $68.04, for a total transaction of $3,402,000.00. The disclosure for this sale can be found here. 2.92% 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.

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