Todays Report: Today, Teacher Retirement System of Texas Reduces stake in Foot Locker Inc. (FL)

Today, Teacher Retirement System of Texas Reduces stake in Foot Locker Inc. (FL)

Teacher Retirement System of Texas lowered its position in shares of Foot Locker Inc. (NYSE:FL) by 2.1% during the third quarter, according to its most recent filing with the SEC. The fund owned 355,461 shares of the company’s stock after selling 7,551 shares during the period. Teacher Retirement System of Texas owned about 0.27% of Foot Locker worth $24,072,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Global X Management Co. LLC boosted its stake 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 worth $100,000 after buying an additional 1,379 shares in the last quarter. Euclid Advisors LLC bought a new stake in shares of Foot Locker during the second quarter worth $127,000. Huntington National Bank boosted its stake in shares of 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 during the period. Pacer Advisors Inc. boosted its stake in shares of Foot Locker by 10.2% in the second quarter. Pacer Advisors Inc. now owns 2,574 shares of the company’s stock worth $141,000 after buying an additional 239 shares during the period. Finally, FUKOKU MUTUAL LIFE INSURANCE Co boosted its stake in shares of Foot Locker by 27.3% in the second quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 2,800 shares of the company’s stock worth $154,000 after buying an additional 600 shares during the period. Institutional investors and hedge funds own 94.60% of the company’s stock.

Foot Locker Inc. (NYSE:FL) traded down 0.35% during trading on Friday, hitting $73.93. The stock had a trading volume of 516,324 shares. Foot Locker Inc. has a 1-year low of $50.90 and a 1-year high of $74.74. The company has a market capitalization of $9.91 billion, a P/E ratio of 15.96 and a beta of 0.59. The stock’s 50-day moving average price is $68.94 and its 200-day moving average price is $62.26.

Foot Locker (NYSE:FL) last released its earnings results on Friday, November 18th. The company reported $1.13 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.10 by $0.03. Foot Locker had a net margin of 8.26% and a return on equity of 24.22%. The firm earned $1.89 billion during the quarter. During the same quarter in the previous year, the business posted $1.00 earnings per share. Foot Locker’s revenue for the quarter was up 5.1% on a year-over-year basis. Analysts expect that Foot Locker Inc. will post $4.76 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, January 27th. Investors of record on Friday, January 13th will be given a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 1.48%. The ex-dividend date is Wednesday, January 11th. Foot Locker’s dividend payout ratio (DPR) is currently 23.71%.

A number of research firms have commented on FL. B. Riley reissued a “buy” rating and issued a $81.00 price objective on shares of Foot Locker in a research note on Thursday. Canaccord Genuity set a $79.00 price target on Foot Locker and gave the company a “buy” rating in a research note on Saturday, November 19th. Telsey Advisory Group upped 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 upped 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 analyst has rated the stock with a sell rating, six have assigned a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company. Foot Locker presently has an average rating of “Buy” and an average price target of $74.32.

In other Foot Locker news, Director Cheryl N. Turpin sold 10,000 shares of Foot Locker stock in a transaction that occurred on Wednesday, October 12th. The shares were sold at an average price of $69.16, for a total value of $691,600.00. Following the completion of the sale, the director now owns 40,858 shares of the company’s stock, valued at approximately $2,825,739.28. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Nicholas P. Dipaolo sold 5,424 shares of Foot Locker stock in a transaction that occurred 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 completion of the sale, the director now directly owns 68,128 shares of the company’s stock, valued at approximately $4,683,800. The disclosure for this sale can be found here. Corporate insiders own 2.90% of the company’s stock.

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