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.

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

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%.

This piece was published by Watch List News and is owned by of Watch List News. If you are accessing this piece on another website, it was stolen and reposted in violation of U.S. and international copyright and trademark laws. The legal version of this piece can be read at http://www.watchlistnews.com/15400-shares-in-foot-locker-inc-fl-acquired-by-pacad-investment-ltd/1120835.html.

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.

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).

Receive News & Ratings for Foot Locker Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Foot Locker Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.