15,400 Shares in Foot Locker, Inc. (FL) Acquired by Pacad Investment Ltd.
Pacad Investment Ltd. acquired a new position in shares of Foot Locker, Inc. (NYSE:FL) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 15,400 shares of the company’s stock, valued at approximately $1,092,000.
A number of other hedge funds have also recently bought and sold shares of the stock. Van ECK Associates Corp raised its stake in Foot Locker by 7.3% in the fourth quarter. Van ECK Associates Corp now owns 1,938 shares of the company’s stock worth $137,000 after buying an additional 132 shares during the period. Penserra Capital Management LLC raised its stake in Foot Locker by 96.1% in the third quarter. Penserra Capital Management LLC now owns 2,518 shares of the company’s stock worth $169,000 after buying an additional 1,234 shares during the period. Global X Management Co. LLC raised its stake in Foot Locker by 67.5% in the third quarter. Global X Management Co. LLC now owns 3,053 shares of the company’s stock worth $207,000 after buying an additional 1,230 shares during the period. Capital One National Association bought a new stake in Foot Locker during the third quarter worth about $207,000. Finally, Blue Fin Capital Inc. bought a new stake in Foot Locker during the third quarter worth about $208,000. 95.30% of the stock is owned by institutional investors.
Foot Locker, Inc. (NYSE:FL) traded up 0.18% during midday trading on Thursday, reaching $70.50. 1,704,762 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $69.95 and a 200 day moving average price of $68.69. The company has a market cap of $9.33 billion, a P/E ratio of 15.22 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.
Foot Locker (NYSE:FL) last posted its quarterly earnings results on Friday, November 18th. The company reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.03. Foot Locker had a return on equity of 24.22% and a net margin of 8.26%. The business had revenue of $1.89 billion for the quarter. During the same quarter last year, the company posted $1.00 EPS. The firm’s revenue was up 5.1% on a year-over-year basis. On average, equities analysts anticipate that Foot Locker, Inc. will post $4.78 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, April 28th. Investors of record on Thursday, April 13th will be paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date of this dividend is Tuesday, April 11th. This is a boost from Foot Locker’s previous quarterly dividend of $0.28. Foot Locker’s dividend payout ratio is 23.71%.
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FL has been the topic of several recent research reports. Vetr raised shares of Foot Locker from a “sell” rating to a “hold” rating and set a $75.82 price objective on the stock in a research report on Monday, December 12th. B. Riley reaffirmed a “buy” rating and set a $83.00 price objective on shares of Foot Locker in a research report on Monday, December 12th. Zacks Investment Research downgraded Foot Locker from a “buy” rating to a “hold” rating in a report on Wednesday, December 7th. Wedbush reiterated an “outperform” rating and set a $80.00 price target on shares of Foot Locker in a report on Friday, December 2nd. Finally, Canaccord Genuity reiterated a “buy” rating and set a $83.00 price target (up previously from $79.00) on shares of Foot Locker in a report on Monday, December 5th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $76.19.
In related news, Director Jarobin Gilbert, Jr. sold 1,000 shares of the stock in a transaction on Tuesday, December 6th. The stock was sold at an average price of $76.23, for a total value of $76,230.00. Following the sale, the director now owns 11,876 shares in the company, valued at approximately $905,307.48. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Paulette Alviti sold 10,000 shares of the stock in a transaction on Monday, December 5th. The shares were sold at an average price of $75.32, for a total value of $753,200.00. Following the completion of the sale, the senior vice president now owns 52,307 shares in the company, valued at approximately $3,939,763.24. The disclosure for this sale can be found here. In the last 90 days, insiders sold 17,659 shares of company stock worth $1,311,475. 2.92% of the stock is owned by company insiders.
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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