Dimensional Fund Advisors LP Grows Holdings in Foot Locker, Inc. (FL)
Dimensional Fund Advisors LP raised its stake in Foot Locker, Inc. (NYSE:FL) by 12.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,421,439 shares of the athletic footwear retailer’s stock after purchasing an additional 263,866 shares during the period. Dimensional Fund Advisors LP owned 2.11% of Foot Locker worth $123,442,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC raised its holdings in Foot Locker by 27.2% in the 2nd quarter. Commonwealth Equity Services LLC now owns 19,556 shares of the athletic footwear retailer’s stock worth $1,030,000 after purchasing an additional 4,184 shares during the period. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in Foot Locker by 21.2% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 10,932 shares of the athletic footwear retailer’s stock worth $576,000 after purchasing an additional 1,912 shares during the period. Fiera Capital Corp acquired a new position in Foot Locker in the 2nd quarter worth about $208,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in Foot Locker in the 2nd quarter worth about $651,000. Finally, Sei Investments Co. raised its holdings in Foot Locker by 163.8% in the 2nd quarter. Sei Investments Co. now owns 94,089 shares of the athletic footwear retailer’s stock worth $4,954,000 after purchasing an additional 58,416 shares during the period. Hedge funds and other institutional investors own 99.96% of the company’s stock.
NYSE:FL opened at $53.05 on Friday. Foot Locker, Inc. has a 12 month low of $38.17 and a 12 month high of $59.40. The company has a quick ratio of 1.54, a current ratio of 3.42 and a debt-to-equity ratio of 0.05. The company has a market cap of $6.26 billion, a price-to-earnings ratio of 12.35, a PEG ratio of 1.61 and a beta of 0.85.
The business also recently declared a quarterly dividend, which will be paid on Friday, February 1st. Stockholders of record on Friday, January 18th will be given a $0.345 dividend. The ex-dividend date of this dividend is Thursday, January 17th. This represents a $1.38 dividend on an annualized basis and a dividend yield of 2.60%. Foot Locker’s dividend payout ratio (DPR) is presently 33.58%.
A number of equities analysts recently weighed in on FL shares. Pivotal Research set a $64.00 price target on Foot Locker and gave the stock a “buy” rating in a report on Monday, August 27th. Canaccord Genuity set a $63.00 price target on Foot Locker and gave the stock a “buy” rating in a report on Monday, September 24th. Wells Fargo & Co set a $64.00 price objective on Foot Locker and gave the stock a “buy” rating in a research note on Wednesday, November 21st. Zacks Investment Research lowered Foot Locker from a “buy” rating to a “hold” rating in a research note on Friday, August 10th. Finally, Telsey Advisory Group boosted their price objective on Foot Locker from $58.00 to $60.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 21st. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and sixteen have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $59.09.
In other news, VP John A. Maurer sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 21st. The stock was sold at an average price of $53.00, for a total value of $265,000.00. Following the completion of the sale, the vice president now directly owns 25,581 shares in the company, valued at $1,355,793. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Matthew M. Mckenna sold 7,000 shares of the company’s stock in a transaction that occurred on Monday, November 19th. The shares were sold at an average price of $50.81, for a total value of $355,670.00. Following the completion of the sale, the director now owns 30,459 shares of the company’s stock, valued at $1,547,621.79. The disclosure for this sale can be found here. 2.90% of the stock is owned by corporate insiders.
Foot Locker Profile
Foot Locker, Inc, through its subsidiaries, operates as an athletic shoes and apparel retailer. The company operates in two segments, Athletic Stores and Direct-to-Customers. The Athletic Stores segment retails athletic footwear, apparel, accessories, and equipment under various formats, including Foot Locker, Kids Foot Locker, Lady Foot Locker, Champs Sports, Footaction, Runners Point, Sidestep, and SIX:02.
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