First Manhattan Co. maintained its position in Foot Locker, Inc. (NYSE:FL) during the second quarter, Holdings Channel reports. The fund owned 4,000 shares of the athletic footwear retailer’s stock at the end of the second quarter. First Manhattan Co.’s holdings in Foot Locker were worth $197,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Bessemer Group Inc. boosted its position in Foot Locker by 46.1% in the second quarter. Bessemer Group Inc. now owns 59,917 shares of the athletic footwear retailer’s stock worth $2,953,000 after buying an additional 18,916 shares in the last quarter. Rothschild Asset Management Inc. boosted its position in Foot Locker by 125.3% in the second quarter. Rothschild Asset Management Inc. now owns 554,432 shares of the athletic footwear retailer’s stock worth $27,322,000 after buying an additional 308,391 shares in the last quarter. Honkamp Krueger Financial Services Inc. boosted its position in Foot Locker by 0.4% in the second quarter. Honkamp Krueger Financial Services Inc. now owns 14,090 shares of the athletic footwear retailer’s stock worth $694,000 after buying an additional 61 shares in the last quarter. Great West Life Assurance Co. Can boosted its position in Foot Locker by 110.5% in the second quarter. Great West Life Assurance Co. Can now owns 245,532 shares of the athletic footwear retailer’s stock worth $12,076,000 after buying an additional 128,894 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan boosted its position in Foot Locker by 10.7% in the second quarter. Municipal Employees Retirement System of Michigan now owns 10,970 shares of the athletic footwear retailer’s stock worth $540,000 after buying an additional 1,060 shares in the last quarter. 94.45% of the stock is owned by hedge funds and other institutional investors.

Shares of Foot Locker, Inc. (FL) opened at 49.30 on Friday. The company has a market cap of $6.47 billion, a price-to-earnings ratio of 10.11 and a beta of 0.68. Foot Locker, Inc. has a 12-month low of $44.59 and a 12-month high of $79.43. The stock has a 50 day moving average of $48.35 and a 200 day moving average of $64.09.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 28th. Stockholders of record on Friday, July 14th were paid a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 2.52%. The ex-dividend date of this dividend was Wednesday, July 12th. Foot Locker’s payout ratio is 25.36%.

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A number of research firms recently commented on FL. BidaskClub raised shares of Foot Locker from a “sell” rating to a “hold” rating in a research note on Friday. Zacks Investment Research raised shares of Foot Locker from a “sell” rating to a “hold” rating in a research note on Thursday. Morgan Stanley raised shares of Foot Locker from an “equal weight” rating to an “overweight” rating and dropped their price target for the stock from $70.00 to $65.00 in a research note on Tuesday. Barclays PLC set a $80.00 price target on shares of Foot Locker and gave the stock a “buy” rating in a research note on Saturday, August 5th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $80.00 price target on shares of Foot Locker in a research note on Thursday, August 3rd. Ten investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the stock. Foot Locker presently has a consensus rating of “Buy” and an average target price of $72.92.

In other news, Director Jarobin Gilbert, Jr. sold 5,600 shares of the firm’s stock in a transaction that occurred on Wednesday, May 24th. The shares were sold at an average price of $59.40, for a total value of $332,640.00. Following the completion of the transaction, the director now owns 8,964 shares of the company’s stock, valued at $532,461.60. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 2.90% of the company’s stock.

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 is an athletic footwear and apparel retailer, which include businesses, such as include 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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