Comerica Bank Sells 2,318 Shares of Foot Locker, Inc. (NYSE:FL)

Comerica Bank lowered its holdings in shares of Foot Locker, Inc. (NYSE:FL – Get Rating) by 5.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 37,739 shares of the athletic footwear retailer’s stock after selling 2,318 shares during the quarter. Comerica Bank’s holdings in Foot Locker were worth $1,163,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of the business. Advisors Asset Management Inc. lifted its position in Foot Locker by 68.3% during the first quarter. Advisors Asset Management Inc. now owns 1,336 shares of the athletic footwear retailer’s stock valued at $40,000 after purchasing an additional 542 shares during the last quarter. Stansberry Asset Management LLC lifted its holdings in shares of Foot Locker by 2.1% in the 2nd quarter. Stansberry Asset Management LLC now owns 28,690 shares of the athletic footwear retailer’s stock worth $725,000 after acquiring an additional 578 shares during the last quarter. HighTower Advisors LLC lifted its holdings in shares of Foot Locker by 4.9% in the 1st quarter. HighTower Advisors LLC now owns 14,934 shares of the athletic footwear retailer’s stock worth $443,000 after acquiring an additional 704 shares during the last quarter. Ziegler Capital Management LLC lifted its holdings in shares of Foot Locker by 3.1% in the 2nd quarter. Ziegler Capital Management LLC now owns 25,745 shares of the athletic footwear retailer’s stock worth $650,000 after acquiring an additional 767 shares during the last quarter. Finally, Meeder Asset Management Inc. lifted its holdings in shares of Foot Locker by 93.8% in the 2nd quarter. Meeder Asset Management Inc. now owns 1,624 shares of the athletic footwear retailer’s stock worth $41,000 after acquiring an additional 786 shares during the last quarter. Institutional investors own 95.06% of the company’s stock.

Foot Locker Stock Up 3.4 %

Shares of Foot Locker stock opened at $38.92 on Tuesday. The firm’s 50 day moving average price is $37.34 and its 200-day moving average price is $34.02. The company has a quick ratio of 0.43, a current ratio of 1.54 and a debt-to-equity ratio of 0.14. Foot Locker, Inc. has a 52-week low of $23.85 and a 52-week high of $47.42. The company has a market cap of $3.63 billion, a P/E ratio of 8.87 and a beta of 1.23.

Foot Locker (NYSE:FL – Get Rating) last released its earnings results on Friday, November 18th. The athletic footwear retailer reported $1.27 earnings per share for the quarter, topping the consensus estimate of $1.09 by $0.18. The company had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $2.12 billion. Foot Locker had a net margin of 4.87% and a return on equity of 16.98%. On average, sell-side analysts predict that Foot Locker, Inc. will post 4.49 EPS for the current fiscal year.

Foot Locker Announces Dividend

The business also recently announced 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. This represents a $1.60 annualized dividend and a yield of 4.11%. The ex-dividend date of this dividend is Thursday, January 12th. Foot Locker’s dividend payout ratio is presently 36.45%.

Insiders Place Their Bets

In other Foot Locker news, SVP Todd Greener sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, January 5th. The shares were sold at an average price of $37.63, for a total transaction of $94,075.00. Following the sale, the senior vice president now owns 5,921 shares of the company’s stock, valued at approximately $222,807.23. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 3.00% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on FL shares. Telsey Advisory Group raised their target price on shares of Foot Locker from $37.00 to $39.00 and gave the stock a “market perform” rating in a report on Monday, November 21st. TheStreet upgraded shares of Foot Locker from a “c” rating to a “b-” rating in a report on Monday, November 21st. Barclays lifted their price objective on shares of Foot Locker from $38.00 to $40.00 in a report on Monday, November 21st. UBS Group lifted their price objective on shares of Foot Locker to $39.00 in a report on Monday, November 28th. Finally, Credit Suisse Group decreased their price objective on shares of Foot Locker to $38.00 in a report on Thursday, November 17th. Twenty investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $38.00.

Foot Locker Company Profile

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Foot Locker, Inc engages in the retail of athletic shoes and apparel. The firm uses its omni-channel capabilities to bridge the digital world and physical stores, including order-in-store, buy online and pickup-in-store, and buy online and ship-from-store, as well as e-commerce. It operates through following segments: North America, EMEA (Europe, Middle East, and Africa, and Asia Pacific.