Mutual of America Capital Management LLC Sells 636 Shares of Foot Locker, Inc. (NYSE:FL)

Mutual of America Capital Management LLC cut its holdings in Foot Locker, Inc. (NYSE:FLGet Rating) by 0.7% during the 1st quarter, HoldingsChannel reports. The fund owned 95,190 shares of the athletic footwear retailer’s stock after selling 636 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Foot Locker were worth $2,823,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Boston Partners grew its stake in shares of Foot Locker by 1.7% in the fourth quarter. Boston Partners now owns 5,714,380 shares of the athletic footwear retailer’s stock valued at $249,086,000 after acquiring an additional 94,384 shares in the last quarter. State Street Corp grew its stake in shares of Foot Locker by 1.8% in the fourth quarter. State Street Corp now owns 2,556,735 shares of the athletic footwear retailer’s stock valued at $111,550,000 after acquiring an additional 45,096 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Foot Locker by 1.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 838,088 shares of the athletic footwear retailer’s stock valued at $36,566,000 after acquiring an additional 11,498 shares in the last quarter. First Trust Advisors LP grew its stake in shares of Foot Locker by 28.4% in the fourth quarter. First Trust Advisors LP now owns 687,180 shares of the athletic footwear retailer’s stock valued at $29,982,000 after acquiring an additional 151,923 shares in the last quarter. Finally, Chartwell Investment Partners LLC grew its stake in shares of Foot Locker by 18.3% in the fourth quarter. Chartwell Investment Partners LLC now owns 558,554 shares of the athletic footwear retailer’s stock valued at $24,370,000 after acquiring an additional 86,406 shares in the last quarter. 83.43% of the stock is currently owned by institutional investors and hedge funds.

Foot Locker Stock Up 3.2 %

Shares of NYSE FL opened at $27.20 on Thursday. The company has a 50 day simple moving average of $28.64 and a 200 day simple moving average of $32.72. The firm has a market cap of $2.57 billion, a PE ratio of 3.40, a price-to-earnings-growth ratio of 0.19 and a beta of 1.35. Foot Locker, Inc. has a 1 year low of $23.85 and a 1 year high of $61.50. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.44 and a quick ratio of 0.53.

Foot Locker (NYSE:FLGet Rating) last issued its quarterly earnings data on Friday, May 20th. The athletic footwear retailer reported $1.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.47 by $0.13. The business had revenue of $2.18 billion during the quarter, compared to analyst estimates of $2.21 billion. Foot Locker had a net margin of 9.18% and a return on equity of 23.04%. The firm’s quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter last year, the business earned $1.96 EPS. On average, research analysts forecast that Foot Locker, Inc. will post 4.52 EPS for the current year.

Foot Locker Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 29th. Investors of record on Friday, July 15th will be issued a $0.40 dividend. The ex-dividend date is Thursday, July 14th. This represents a $1.60 dividend on an annualized basis and a yield of 5.88%. Foot Locker’s dividend payout ratio (DPR) is presently 20.00%.

Wall Street Analyst Weigh In

Several research firms recently commented on FL. B. Riley decreased their price target on shares of Foot Locker from $34.00 to $33.00 in a research note on Monday, May 23rd. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Foot Locker from $30.00 to $32.00 in a research note on Monday, May 23rd. StockNews.com started coverage on shares of Foot Locker in a research note on Thursday, March 31st. They set a “hold” rating on the stock. OTR Global downgraded shares of Foot Locker to a “positive” rating in a research note on Monday, May 16th. Finally, Robert W. Baird increased their price objective on shares of Foot Locker from $30.00 to $32.00 and gave the stock a “neutral” rating in a research note on Monday, May 23rd. Five research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Foot Locker has a consensus rating of “Hold” and a consensus price target of $41.35.

About Foot Locker

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Foot Locker, Inc, through its subsidiaries, operates as an athletic footwear and apparel retailer. The company engages in the retail of athletic footwear, apparel, accessories, equipment, and team licensed merchandise under the Foot Locker, Lady Foot Locker, Kids Foot Locker, Champs Sports, Eastbay, atmos, WSS, Footaction, and Sidestep brand names.

See Also

Want to see what other hedge funds are holding FL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Foot Locker, Inc. (NYSE:FLGet Rating).

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

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