New York State Teachers Retirement System Trims Holdings in Foot Locker, Inc. (NYSE:FL)

New York State Teachers Retirement System cut its stake in Foot Locker, Inc. (NYSE:FL – Get Rating) by 7.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 115,146 shares of the athletic footwear retailer’s stock after selling 9,333 shares during the period. New York State Teachers Retirement System owned about 0.12% of Foot Locker worth $3,584,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in FL. BlackRock Inc. raised its position in Foot Locker by 5.0% during the 1st quarter. BlackRock Inc. now owns 8,129,401 shares of the athletic footwear retailer’s stock valued at $241,118,000 after purchasing an additional 386,775 shares in the last quarter. State Street Corp lifted its stake in Foot Locker by 9.4% in the second quarter. State Street Corp now owns 2,895,754 shares of the athletic footwear retailer’s stock worth $73,118,000 after acquiring an additional 248,611 shares during the period. Northern Trust Corp grew its holdings in Foot Locker by 56.5% during the 2nd quarter. Northern Trust Corp now owns 1,103,775 shares of the athletic footwear retailer’s stock worth $27,871,000 after acquiring an additional 398,312 shares in the last quarter. AQR Capital Management LLC increased its position in Foot Locker by 35.0% during the 2nd quarter. AQR Capital Management LLC now owns 1,042,887 shares of the athletic footwear retailer’s stock valued at $26,333,000 after purchasing an additional 270,263 shares during the period. Finally, Renaissance Technologies LLC raised its holdings in shares of Foot Locker by 5,122.3% in the 1st quarter. Renaissance Technologies LLC now owns 913,900 shares of the athletic footwear retailer’s stock valued at $27,106,000 after purchasing an additional 896,400 shares in the last quarter. Hedge funds and other institutional investors own 95.06% of the company’s stock.

Foot Locker Price Performance

Shares of NYSE FL opened at $39.19 on Tuesday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.54 and a quick ratio of 0.43. The firm’s 50 day simple moving average is $36.71 and its 200-day simple moving average is $33.56. Foot Locker, Inc. has a 12 month low of $23.85 and a 12 month high of $47.42. The stock has a market capitalization of $3.66 billion, a price-to-earnings ratio of 8.93 and a beta of 1.23.

Foot Locker (NYSE:FL – Get Rating) last released its quarterly earnings results on Friday, November 18th. The athletic footwear retailer reported $1.27 EPS for the quarter, beating the consensus estimate of $1.09 by $0.18. The company had revenue of $2.17 billion for the quarter, compared to analyst estimates of $2.12 billion. Foot Locker had a net margin of 4.87% and a return on equity of 16.98%. Analysts expect that Foot Locker, Inc. will post 4.49 EPS for the current year.

Foot Locker Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 27th. Shareholders of record on Friday, January 13th will be given a dividend of $0.40 per share. The ex-dividend date is Thursday, January 12th. This represents a $1.60 dividend on an annualized basis and a yield of 4.08%. Foot Locker’s dividend payout ratio is currently 36.45%.

Analyst Ratings Changes

Several brokerages recently issued reports on FL. Cowen lifted their price objective on shares of Foot Locker from $35.00 to $39.00 in a report on Monday, November 21st. TheStreet upgraded Foot Locker from a “c” rating to a “b-” rating in a research note on Monday, November 21st. UBS Group lifted their target price on Foot Locker to $39.00 in a research note on Monday, November 28th. Cowen increased their price target on shares of Foot Locker from $35.00 to $39.00 in a research report on Monday, November 21st. Finally, StockNews.com raised shares of Foot Locker from a “sell” rating to a “hold” rating in a research report on Monday, November 28th. Twenty equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $38.00.

Insider Buying and Selling at Foot Locker

In other news, major shareholder Vesa Equity Investment S.A R.L sold 1,316 shares of the company’s stock in a transaction that occurred on Friday, October 21st. The stock was sold at an average price of $32.02, for a total transaction of $42,138.32. Following the completion of the transaction, the insider now directly owns 11,468,571 shares of the company’s stock, valued at approximately $367,223,643.42. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, SVP Todd Greener sold 2,500 shares of Foot Locker stock in a transaction dated Thursday, January 5th. The stock was sold at an average price of $37.63, for a total value of $94,075.00. Following the sale, the senior vice president now directly owns 5,921 shares in the company, valued at approximately $222,807.23. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Vesa Equity Investment S.A R.L sold 1,316 shares of the business’s stock in a transaction that occurred on Friday, October 21st. The stock was sold at an average price of $32.02, for a total value of $42,138.32. Following the sale, the insider now owns 11,468,571 shares of the company’s stock, valued at $367,223,643.42. The disclosure for this sale can be found here. Over the last three months, insiders have sold 105,276 shares of company stock valued at $3,389,021. Company insiders own 3.00% of the company’s stock.

Foot Locker 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.