Gulf International Bank UK Ltd Acquires 650 Shares of Foot Locker, Inc. (FL)

Gulf International Bank UK Ltd raised its stake in shares of Foot Locker, Inc. (NYSE:FL) by 1.5% during the first quarter, Holdings Channel reports. The firm owned 43,001 shares of the textile maker’s stock after buying an additional 650 shares during the period. Gulf International Bank UK Ltd’s holdings in Foot Locker were worth $3,216,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in FL. APG Asset Management N.V. boosted its position in shares of Foot Locker by 2.5% in the third quarter. APG Asset Management N.V. now owns 1,695,157 shares of the textile maker’s stock valued at $114,796,000 after buying an additional 41,100 shares during the period. Capital One National Association acquired a new position in shares of Foot Locker during the third quarter valued at about $207,000. World Asset Management Inc boosted its position in shares of Foot Locker by 1.6% in the third quarter. World Asset Management Inc now owns 14,061 shares of the textile maker’s stock valued at $952,000 after buying an additional 218 shares during the period. DnB Asset Management AS boosted its position in shares of Foot Locker by 16.8% in the third quarter. DnB Asset Management AS now owns 12,500 shares of the textile maker’s stock valued at $846,000 after buying an additional 1,800 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in shares of Foot Locker by 2.7% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 20,930 shares of the textile maker’s stock valued at $1,417,000 after buying an additional 543 shares during the period. Hedge funds and other institutional investors own 95.30% of the company’s stock.

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

Shares of Foot Locker, Inc. (NYSE:FL) opened at 76.55 on Friday. The firm has a market capitalization of $10.05 billion, a PE ratio of 15.59 and a beta of 0.57. Foot Locker, Inc. has a 12-month low of $50.90 and a 12-month high of $79.43. The firm has a 50-day moving average of $74.26 and a 200-day moving average of $71.75.

Foot Locker (NYSE:FL) last posted its earnings results on Friday, February 24th. The textile maker reported $1.37 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.32 by $0.05. The business had revenue of $2.11 billion for the quarter, compared to analysts’ expectations of $2.12 billion. Foot Locker had a net margin of 8.26% and a return on equity of 24.22%. The business’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.16 EPS. Equities analysts anticipate that Foot Locker, Inc. will post $5.42 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, April 28th. Shareholders of record on Thursday, April 13th will be paid a dividend of $0.31 per share. The ex-dividend date is Tuesday, April 11th. This represents a $1.24 annualized dividend and a yield of 1.62%. This is a boost from Foot Locker’s previous quarterly dividend of $0.28. Foot Locker’s dividend payout ratio is currently 23.71%.

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Several brokerages have issued reports on FL. B. Riley restated a “buy” rating and issued a $79.00 price target on shares of Foot Locker in a research report on Thursday. Jefferies Group LLC restated a “buy” rating and issued a $88.00 price target on shares of Foot Locker in a research report on Friday. FBR & Co set a $76.00 price target on shares of Foot Locker and gave the company a “hold” rating in a research report on Monday, February 27th. Zacks Investment Research cut shares of Foot Locker from a “buy” rating to a “hold” rating in a research report on Thursday, March 2nd. Finally, Credit Suisse Group AG reiterated a “hold” rating and set a $77.00 price objective on shares of Foot Locker in a research report on Wednesday, March 1st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $80.91.

In other Foot Locker news, CFO Lauren B. Peters sold 25,000 shares of the company’s stock in a transaction dated Wednesday, March 8th. The shares were sold at an average price of $77.51, for a total transaction of $1,937,750.00. Following the transaction, the chief financial officer now owns 144,597 shares in the company, valued at approximately $11,207,713.47. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Cheryl N. Turpin sold 2,000 shares of the company’s stock in a transaction dated Thursday, March 2nd. The shares were sold at an average price of $76.17, for a total transaction of $152,340.00. The disclosure for this sale can be found here. 2.92% of the stock is currently owned by corporate 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.

5 Day Chart for NYSE:FL

Want to see what other hedge funds are holding FL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Foot Locker, Inc. (NYSE:FL).

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