Foot Locker, Inc. (NYSE:FL) Shares Sold by Shell Asset Management Co.

Shell Asset Management Co. reduced its stake in Foot Locker, Inc. (NYSE:FLGet Rating) by 12.9% in the first quarter, HoldingsChannel reports. The fund owned 17,497 shares of the athletic footwear retailer’s stock after selling 2,594 shares during the quarter. Shell Asset Management Co.’s holdings in Foot Locker were worth $519,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Rockefeller Capital Management L.P. lifted its stake in Foot Locker by 0.6% during the fourth quarter. Rockefeller Capital Management L.P. now owns 38,604 shares of the athletic footwear retailer’s stock valued at $1,683,000 after purchasing an additional 242 shares during the last quarter. State of Michigan Retirement System lifted its stake in Foot Locker by 1.8% during the fourth quarter. State of Michigan Retirement System now owns 22,924 shares of the athletic footwear retailer’s stock valued at $1,000,000 after purchasing an additional 400 shares during the last quarter. Invenomic Capital Management LP lifted its stake in Foot Locker by 2.0% during the fourth quarter. Invenomic Capital Management LP now owns 20,926 shares of the athletic footwear retailer’s stock valued at $913,000 after purchasing an additional 402 shares during the last quarter. Victory Capital Management Inc. lifted its stake in Foot Locker by 2.2% during the fourth quarter. Victory Capital Management Inc. now owns 25,279 shares of the athletic footwear retailer’s stock valued at $1,103,000 after purchasing an additional 542 shares during the last quarter. Finally, ETF Managers Group LLC lifted its stake in Foot Locker by 5.0% during the fourth quarter. ETF Managers Group LLC now owns 12,202 shares of the athletic footwear retailer’s stock valued at $536,000 after purchasing an additional 579 shares during the last quarter. 83.43% of the stock is owned by institutional investors and hedge funds.

Foot Locker Stock Down 2.5 %

Foot Locker stock opened at $27.93 on Wednesday. The company has a market capitalization of $2.64 billion, a P/E ratio of 3.49, a P/E/G ratio of 0.20 and a beta of 1.36. The firm’s fifty day simple moving average is $28.49 and its 200-day simple moving average is $32.27. The company has a current ratio of 1.44, a quick ratio of 0.53 and a debt-to-equity ratio of 0.14. Foot Locker, Inc. has a 1-year low of $23.85 and a 1-year high of $61.50.

Foot Locker (NYSE:FLGet Rating) last announced its earnings results on Friday, May 20th. The athletic footwear retailer reported $1.60 EPS for the quarter, topping the consensus estimate of $1.47 by $0.13. The firm had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.21 billion. Foot Locker had a net margin of 9.18% and a return on equity of 23.04%. The business’s quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.96 EPS. Sell-side analysts forecast that Foot Locker, Inc. will post 4.51 earnings per share for the current fiscal year.

Foot Locker Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 29th. Investors of record on Friday, July 15th were issued a $0.40 dividend. The ex-dividend date was Thursday, July 14th. This represents a $1.60 annualized dividend and a yield of 5.73%. Foot Locker’s dividend payout ratio (DPR) is presently 20.00%.

Wall Street Analyst Weigh In

Several analysts recently commented on FL shares. Deutsche Bank Aktiengesellschaft increased their target price on shares of Foot Locker from $30.00 to $32.00 in a research note on Monday, May 23rd. B. Riley decreased their price objective on shares of Foot Locker from $34.00 to $33.00 in a research note on Monday, May 23rd. Morgan Stanley raised their price objective on shares of Foot Locker from $23.00 to $24.00 and gave the stock an “underweight” rating in a research note on Monday, May 23rd. UBS Group decreased their price objective on shares of Foot Locker from $35.00 to $28.00 and set a “neutral” rating for the company in a research note on Friday, July 15th. Finally, Robert W. Baird raised 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 investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Foot Locker has an average rating of “Hold” and an average price target of $41.35.

Foot Locker Company Profile

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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.

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

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