Foot Locker, Inc. (NYSE:FL) Shares Sold by BlackRock Inc.

BlackRock Inc. trimmed its position in Foot Locker, Inc. (NYSE:FL – Get Rating) by 3.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,469,502 shares of the athletic footwear retailer’s stock after selling 339,710 shares during the period. BlackRock Inc. owned approximately 10.15% of Foot Locker worth $294,785,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of FL. Raymond James Financial Services Advisors Inc. acquired a new stake in Foot Locker in the first quarter valued at approximately $611,000. HighTower Advisors LLC boosted its stake in Foot Locker by 4.9% in the first quarter. HighTower Advisors LLC now owns 14,934 shares of the athletic footwear retailer’s stock valued at $443,000 after acquiring an additional 704 shares in the last quarter. AlphaCrest Capital Management LLC boosted its stake in Foot Locker by 19.4% in the first quarter. AlphaCrest Capital Management LLC now owns 13,103 shares of the athletic footwear retailer’s stock valued at $389,000 after acquiring an additional 2,125 shares in the last quarter. MetLife Investment Management LLC boosted its stake in Foot Locker by 29.0% in the first quarter. MetLife Investment Management LLC now owns 56,469 shares of the athletic footwear retailer’s stock valued at $1,675,000 after acquiring an additional 12,703 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in shares of Foot Locker by 6.9% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 32,002 shares of the athletic footwear retailer’s stock worth $949,000 after buying an additional 2,059 shares during the last quarter. 95.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. JPMorgan Chase & Co. raised their price target on shares of Foot Locker from $40.00 to $46.00 and gave the stock a “neutral” rating in a report on Thursday, January 26th. TheStreet raised shares of Foot Locker from a “c” rating to a “b-” rating in a report on Monday, November 21st. Morgan Stanley decreased their price target on shares of Foot Locker from $36.00 to $33.00 and set an “equal weight” rating for the company in a report on Tuesday, November 22nd. Credit Suisse Group raised shares of Foot Locker from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $38.00 to $62.00 in a report on Wednesday, February 1st. Finally, BTIG Research started coverage on shares of Foot Locker in a report on Monday, February 6th. They issued a “buy” rating and a $55.00 price target for the company. Sixteen research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $40.78.

Insider Activity

In other news, SVP Todd Greener sold 2,500 shares of Foot Locker stock in a transaction dated Thursday, January 5th. The shares were sold at an average price of $37.63, for a total value of $94,075.00. Following the sale, the senior vice president now owns 5,921 shares in the company, valued at $222,807.23. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, VP John A. Maurer sold 3,500 shares of Foot Locker stock in a transaction dated Thursday, January 26th. The shares were sold at an average price of $42.01, for a total value of $147,035.00. Following the sale, the vice president now owns 23,221 shares in the company, valued at $975,514.21. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Todd Greener sold 2,500 shares of the business’s stock in a transaction dated Thursday, January 5th. The stock was sold at an average price of $37.63, for a total transaction of $94,075.00. Following the transaction, the senior vice president now owns 5,921 shares in the company, valued at $222,807.23. The disclosure for this sale can be found here. Company insiders own 3.00% of the company’s stock.

Foot Locker Stock Down 2.7 %

FL stock opened at $42.88 on Friday. The firm has a market cap of $4.00 billion, a PE ratio of 9.77 and a beta of 1.25. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.43 and a current ratio of 1.54. The firm’s fifty day moving average is $42.23 and its 200 day moving average is $37.53. Foot Locker, Inc. has a one year low of $23.85 and a one year high of $47.22.

Foot Locker Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 28th. Stockholders of record on Friday, April 14th will be given a $0.40 dividend. The ex-dividend date of this dividend is Thursday, April 13th. This represents a $1.60 annualized dividend and a dividend yield of 3.73%. Foot Locker’s dividend payout ratio (DPR) is 36.45%.

Foot Locker 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.