Sumitomo Mitsui Asset Management Company LTD Sells 68 Shares of Foot Locker, Inc. (FL)
Sumitomo Mitsui Asset Management Company LTD cut its position in shares of Foot Locker, Inc. (NYSE:FL) by 0.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,436 shares of the athletic footwear retailer’s stock after selling 68 shares during the period. Sumitomo Mitsui Asset Management Company LTD’s holdings in Foot Locker were worth $563,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. DnB Asset Management AS raised its position in Foot Locker by 20.6% in the first quarter. DnB Asset Management AS now owns 15,200 shares of the athletic footwear retailer’s stock worth $1,137,000 after buying an additional 2,600 shares during the period. Somerset Trust Co raised its position in Foot Locker by 0.3% in the first quarter. Somerset Trust Co now owns 6,059 shares of the athletic footwear retailer’s stock worth $453,000 after buying an additional 20 shares during the period. Atria Investments LLC raised its position in Foot Locker by 10.3% in the first quarter. Atria Investments LLC now owns 12,181 shares of the athletic footwear retailer’s stock worth $911,000 after buying an additional 1,140 shares during the period. Private Trust Co. NA purchased a new position in Foot Locker during the first quarter worth approximately $569,000. Finally, Bremer Trust National Association raised its position in Foot Locker by 4.4% in the first quarter. Bremer Trust National Association now owns 23,792 shares of the athletic footwear retailer’s stock worth $1,780,000 after buying an additional 1,001 shares during the period. Institutional investors and hedge funds own 94.45% of the company’s stock.
Foot Locker, Inc. (NYSE:FL) opened at 49.80 on Thursday. The company’s 50 day moving average is $48.26 and its 200 day moving average is $64.34. The stock has a market cap of $6.54 billion, a PE ratio of 10.22 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. Foot Locker also was the target of some unusual options trading activity on Tuesday. Traders bought 11,770 put options on the company. This is an increase of approximately 447% compared to the average volume of 2,150 put options.
The firm also recently announced a quarterly dividend, which was paid on Friday, July 28th. Shareholders of record on Friday, July 14th were given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 2.49%. The ex-dividend date of this dividend was Wednesday, July 12th. Foot Locker’s dividend payout ratio (DPR) is 25.36%.
A number of research firms have recently commented on FL. B. Riley restated a “buy” rating and set a $79.00 price target on shares of Foot Locker in a research report on Wednesday, May 17th. Jefferies Group LLC reaffirmed a “buy” rating and set a $88.00 price objective on shares of Foot Locker in a report on Friday, April 21st. Canaccord Genuity set a $75.00 price objective on shares of Foot Locker and gave the stock a “buy” rating in a report on Saturday, May 20th. Piper Jaffray Companies set a $60.00 price objective on shares of Foot Locker and gave the stock a “hold” rating in a report on Saturday, May 20th. Finally, Cowen and Company dropped their price objective on shares of Foot Locker from $77.00 to $64.00 and set a “market perform” rating for the company in a report on Monday, May 22nd. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Foot Locker presently has a consensus rating of “Buy” and an average price target of $72.92.
In other Foot Locker news, Director Jarobin Gilbert, Jr. sold 5,600 shares of the firm’s stock in a transaction dated Wednesday, May 24th. The shares were sold at an average price of $59.40, for a total transaction of $332,640.00. Following the transaction, the director now owns 8,964 shares of the company’s stock, valued at approximately $532,461.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.90% of the company’s stock.
About Foot Locker
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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