PNC Financial Services Group Inc. lowered its stake in Foot Locker Inc. (NYSE:FL) by 67.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 458,050 shares of the company’s stock after selling 931,901 shares during the period. PNC Financial Services Group Inc. owned about 0.34% of Foot Locker worth $31,020,000 as of its most recent filing with the SEC.
Other institutional investors also recently bought and sold shares of the company. Global X Management Co. LLC raised its position in Foot Locker by 310.6% in the second quarter. Global X Management Co. LLC now owns 1,823 shares of the company’s stock valued at $100,000 after buying an additional 1,379 shares during the last quarter. Euclid Advisors LLC bought a new position in Foot Locker during the second quarter valued at about $127,000. Huntington National Bank raised 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 valued at $131,000 after buying an additional 1,562 shares during the last quarter. Penserra Capital Management LLC raised its position in Foot Locker by 96.1% in the third quarter. Penserra Capital Management LLC now owns 2,518 shares of the company’s stock valued at $169,000 after buying an additional 1,234 shares during the last quarter. Finally, Pacer Advisors Inc. raised its position in Foot Locker by 10.2% in the second quarter. Pacer Advisors Inc. now owns 2,574 shares of the company’s stock valued at $141,000 after buying an additional 239 shares during the last quarter. Institutional investors own 94.60% of the company’s stock.
Shares of Foot Locker Inc. (NYSE:FL) traded down 0.35% on Friday, reaching $73.93. The company’s stock had a trading volume of 542,613 shares. The stock has a market cap of $9.91 billion, a P/E ratio of 15.96 and a beta of 0.59. The firm’s 50 day moving average is $68.94 and its 200-day moving average is $62.26. Foot Locker Inc. has a 52-week low of $50.90 and a 52-week high of $74.74.
Foot Locker (NYSE:FL) last issued its quarterly earnings results on Friday, November 18th. The company reported $1.13 EPS for the quarter, topping the Zacks’ consensus estimate of $1.10 by $0.03. The business had revenue of $1.89 billion for the quarter. Foot Locker had a return on equity of 24.22% and a net margin of 8.26%. The business’s revenue was up 5.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.00 earnings per share. On average, equities research analysts forecast that Foot Locker Inc. will post $4.76 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, January 27th. Investors of record on Friday, January 13th will be issued a dividend of $0.275 per share. The ex-dividend date of this dividend is Wednesday, January 11th. This represents a $1.10 dividend on an annualized basis and a yield of 1.48%. Foot Locker’s dividend payout ratio (DPR) is currently 23.71%.
Several research firms have recently weighed in on FL. B. Riley reiterated a “buy” rating and set a $81.00 price objective on shares of Foot Locker in a report on Thursday. Canaccord Genuity set a $79.00 price objective on Foot Locker and gave the company a “buy” rating in a report on Saturday, November 19th. Telsey Advisory Group lifted their price objective on Foot Locker from $72.00 to $78.00 and gave the company an “outperform” rating in a report on Monday, August 22nd. Piper Jaffray Cos. set a $67.00 price objective on Foot Locker and gave the company a “buy” rating in a report on Thursday, August 18th. Finally, Susquehanna lifted their price objective on Foot Locker from $73.00 to $80.00 and gave the company a “positive” rating in a report on Monday, August 22nd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company. Foot Locker currently has an average rating of “Buy” and a consensus target price of $74.32.
In related news, Director Nicholas P. Dipaolo sold 5,424 shares of Foot Locker stock in a transaction on Thursday, October 13th. The stock was sold at an average price of $68.75, for a total transaction of $372,900.00. Following the sale, the director now directly owns 68,128 shares in the company, valued at $4,683,800. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Cheryl N. Turpin sold 10,000 shares of Foot Locker stock in a transaction on Wednesday, October 12th. The stock was sold at an average price of $69.16, for a total value of $691,600.00. Following the sale, the director now owns 40,858 shares in the company, valued at $2,825,739.28. The disclosure for this sale can be found here. Corporate 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’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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