Metropolitan Life Insurance Co. NY reduced its position in Foot Locker, Inc. (NYSE:FL) by 7.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 17,852 shares of the athletic footwear retailer’s stock after selling 1,404 shares during the quarter. Metropolitan Life Insurance Co. NY’s holdings in Foot Locker were worth $940,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vestpro Financial Partners Inc. dba CPF Texas increased its stake in shares of Foot Locker by 21.7% in the 2nd quarter. Vestpro Financial Partners Inc. dba CPF Texas now owns 12,996 shares of the athletic footwear retailer’s stock worth $684,000 after acquiring an additional 2,321 shares during the last quarter. BP PLC purchased a new position in shares of Foot Locker during the 2nd quarter worth $843,000. Schwab Charles Investment Management Inc. grew its holdings in shares of Foot Locker by 12.8% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,160,848 shares of the athletic footwear retailer’s stock worth $61,119,000 after purchasing an additional 131,552 shares during the period. Renaissance Technologies LLC purchased a new position in shares of Foot Locker during the 2nd quarter worth $82,034,000. Finally, Laurion Capital Management LP grew its holdings in shares of Foot Locker by 96.9% during the 2nd quarter. Laurion Capital Management LP now owns 162,124 shares of the athletic footwear retailer’s stock worth $8,535,000 after purchasing an additional 79,805 shares during the period. 96.75% of the stock is owned by hedge funds and other institutional investors.

Shares of Foot Locker stock opened at $48.29 on Monday. Foot Locker, Inc. has a 12 month low of $28.42 and a 12 month high of $59.40. The stock has a market cap of $5.55 billion, a P/E ratio of 11.15, a PEG ratio of 1.42 and a beta of 0.82. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.50 and a quick ratio of 1.76.

Foot Locker (NYSE:FL) last announced its earnings results on Friday, August 24th. The athletic footwear retailer reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.05. Foot Locker had a return on equity of 20.67% and a net margin of 3.88%. The company had revenue of $1.78 billion during the quarter, compared to analysts’ expectations of $1.76 billion. During the same period last year, the business posted $0.62 EPS. Foot Locker’s revenue for the quarter was up 4.8% on a year-over-year basis. equities analysts expect that Foot Locker, Inc. will post 4.46 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, November 2nd. Shareholders of record on Friday, October 19th will be given a $0.345 dividend. This represents a $1.38 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date is Thursday, October 18th. Foot Locker’s dividend payout ratio is currently 33.58%.

FL has been the subject of a number of research analyst reports. 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. ValuEngine cut Foot Locker from a “hold” rating to a “sell” rating in a report on Saturday, July 28th. Zacks Investment Research cut Foot Locker from a “buy” rating to a “hold” rating in a report on Friday, August 10th. UBS Group initiated coverage on Foot Locker in a report on Thursday, June 21st. They set a “neutral” rating and a $59.00 price target for the company. Finally, Wedbush increased their price target on Foot Locker from $59.00 to $61.00 and gave the stock an “outperform” rating in a report on Tuesday, May 29th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and sixteen have given a buy rating to the company. Foot Locker currently has an average rating of “Buy” and an average price target of $56.33.

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

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