Public Employees Retirement System of Ohio cut its stake in shares of Foot Locker, Inc. (NYSE:FL) by 22.7% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 110,651 shares of the athletic footwear retailer’s stock after selling 32,466 shares during the period. Public Employees Retirement System of Ohio owned approximately 0.10% of Foot Locker worth $4,638,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Ruffer LLP raised its position in shares of Foot Locker by 17,198.5% in the 2nd quarter. Ruffer LLP now owns 1,891,076 shares of the athletic footwear retailer’s stock valued at $79,283,000 after purchasing an additional 1,880,144 shares in the last quarter. LSV Asset Management raised its position in shares of Foot Locker by 23.5% in the 1st quarter. LSV Asset Management now owns 4,199,887 shares of the athletic footwear retailer’s stock valued at $254,513,000 after purchasing an additional 798,850 shares in the last quarter. Prudential Financial Inc. raised its position in shares of Foot Locker by 43.9% in the 2nd quarter. Prudential Financial Inc. now owns 2,267,201 shares of the athletic footwear retailer’s stock valued at $95,041,000 after purchasing an additional 692,126 shares in the last quarter. MERIAN GLOBAL INVESTORS UK Ltd acquired a new position in shares of Foot Locker in the 1st quarter valued at approximately $40,444,000. Finally, Rockefeller Capital Management L.P. raised its position in shares of Foot Locker by 65.9% in the 2nd quarter. Rockefeller Capital Management L.P. now owns 1,510,879 shares of the athletic footwear retailer’s stock valued at $63,336,000 after purchasing an additional 600,232 shares in the last quarter. 97.69% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE FL traded down $0.04 during trading on Friday, reaching $40.48. The stock had a trading volume of 158,542 shares, compared to its average volume of 4,706,409. Foot Locker, Inc. has a one year low of $33.12 and a one year high of $68.00. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.99 and a current ratio of 1.99. The stock has a market cap of $4.44 billion, a PE ratio of 8.60, a P/E/G ratio of 0.88 and a beta of 0.95. The firm’s 50 day moving average price is $39.19 and its two-hundred day moving average price is $49.06.

Foot Locker (NYSE:FL) last issued its quarterly earnings data on Friday, August 23rd. The athletic footwear retailer reported $0.66 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.66. The firm had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.83 billion. Foot Locker had a return on equity of 21.05% and a net margin of 6.51%. The firm’s revenue was down .4% on a year-over-year basis. During the same period in the prior year, the business earned $0.75 EPS. On average, research analysts expect that Foot Locker, Inc. will post 4.94 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Friday, October 18th will be paid a dividend of $0.38 per share. The ex-dividend date is Thursday, October 17th. This represents a $1.52 dividend on an annualized basis and a yield of 3.75%. Foot Locker’s payout ratio is currently 32.27%.

In related news, Director Matthew M. Mckenna sold 7,000 shares of the company’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $40.53, for a total transaction of $283,710.00. Following the completion of the transaction, the director now directly owns 26,862 shares in the company, valued at approximately $1,088,716.86. The sale was disclosed in a document filed with the SEC, which is available through this link. 2.40% of the stock is owned by corporate insiders.

A number of brokerages have issued reports on FL. Guggenheim set a $45.00 target price on Foot Locker and gave the company a “buy” rating in a research report on Friday, August 23rd. B. Riley cut their target price on Foot Locker from $62.00 to $60.00 and set a “buy” rating on the stock in a research report on Monday, August 26th. Bank of America set a $33.00 target price on Foot Locker and gave the company a “sell” rating in a research report on Friday, August 23rd. ValuEngine lowered Foot Locker from a “hold” rating to a “sell” rating in a research report on Friday, May 24th. Finally, Citigroup lowered their price target on Foot Locker from $50.00 to $37.00 and set a “neutral” rating for the company in a report on Monday, August 26th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $55.60.

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

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