Macquarie Group Ltd. Trims Stock Position in Foot Locker, Inc. (NYSE:FL)

Macquarie Group Ltd. cut its stake in Foot Locker, Inc. (NYSE:FL – Get Rating) by 2.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 49,903 shares of the athletic footwear retailer’s stock after selling 1,052 shares during the period. Macquarie Group Ltd. owned about 0.05% of Foot Locker worth $1,586,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FL. C M Bidwell & Associates Ltd. purchased a new stake in Foot Locker in the second quarter valued at $30,000. Advisors Asset Management Inc. lifted its position in Foot Locker by 68.3% in the first quarter. Advisors Asset Management Inc. now owns 1,336 shares of the athletic footwear retailer’s stock valued at $40,000 after acquiring an additional 542 shares during the last quarter. Meeder Asset Management Inc. raised its holdings in shares of Foot Locker by 93.8% in the second quarter. Meeder Asset Management Inc. now owns 1,624 shares of the athletic footwear retailer’s stock valued at $41,000 after buying an additional 786 shares during the last quarter. Wipfli Financial Advisors LLC purchased a new stake in shares of Foot Locker in the third quarter valued at about $42,000. Finally, Canada Pension Plan Investment Board raised its holdings in shares of Foot Locker by 659.5% in the first quarter. Canada Pension Plan Investment Board now owns 3,600 shares of the athletic footwear retailer’s stock valued at $107,000 after buying an additional 3,126 shares during the last quarter. 95.06% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, SVP Todd Greener sold 2,500 shares of the firm’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 in the company, valued at $222,807.23. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Foot Locker news, SVP Todd Greener sold 2,500 shares of the 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 transaction, the senior vice president now owns 5,921 shares of the company’s stock, valued at $222,807.23. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP John A. Maurer sold 3,500 shares of the stock in a transaction that occurred on Thursday, January 26th. The stock was sold at an average price of $42.01, for a total transaction of $147,035.00. Following the transaction, the vice president now directly owns 23,221 shares in the company, valued at approximately $975,514.21. The disclosure for this sale can be found here. 3.00% of the stock is owned by company insiders.

Foot Locker Stock Down 2.7 %

FL stock opened at $42.88 on Friday. Foot Locker, Inc. has a 12 month low of $23.85 and a 12 month high of $47.22. The company’s 50 day simple moving average is $42.23 and its 200-day simple moving average is $37.53. The firm has a market capitalization 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 current ratio of 1.54 and a quick ratio of 0.43.

Foot Locker Announces Dividend

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

Wall Street Analysts Forecast Growth

FL has been the subject of a number of research reports. Citigroup upped their target price on shares of Foot Locker from $33.00 to $38.00 and gave the company a “neutral” rating in a report on Monday, November 21st. Morgan Stanley cut 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. Cowen increased their price target on shares of Foot Locker from $35.00 to $39.00 in a report on Monday, November 21st. Telsey Advisory Group increased their price target 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. Finally, StockNews.com raised shares of Foot Locker from a “sell” rating to a “hold” rating in a report on Monday, November 28th. Sixteen research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $40.78.

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.