California Public Employees Retirement System Reduces Stock Holdings in Foot Locker, Inc. (NYSE:FL)

California Public Employees Retirement System reduced its position in Foot Locker, Inc. (NYSE:FLGet Rating) by 6.4% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 176,084 shares of the athletic footwear retailer’s stock after selling 12,066 shares during the period. California Public Employees Retirement System’s holdings in Foot Locker were worth $4,446,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. BlackRock Inc. lifted its stake in shares of 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 buying an additional 386,775 shares in the last quarter. LSV Asset Management raised its holdings in Foot Locker by 5.6% during the 1st quarter. LSV Asset Management now owns 4,452,787 shares of the athletic footwear retailer’s stock valued at $132,070,000 after acquiring an additional 235,978 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Foot Locker by 10.1% during the first quarter. Dimensional Fund Advisors LP now owns 4,253,691 shares of the athletic footwear retailer’s stock worth $126,169,000 after acquiring an additional 389,754 shares in the last quarter. State Street Corp boosted its holdings in shares of Foot Locker by 3.5% in the first quarter. State Street Corp now owns 2,647,143 shares of the athletic footwear retailer’s stock worth $78,514,000 after acquiring an additional 90,408 shares during the period. Finally, Renaissance Technologies LLC boosted its holdings in shares of Foot Locker by 5,122.3% in the first quarter. Renaissance Technologies LLC now owns 913,900 shares of the athletic footwear retailer’s stock worth $27,106,000 after acquiring an additional 896,400 shares during the period. 98.06% of the stock is currently owned by institutional investors.

Foot Locker Stock Performance

Foot Locker stock opened at $37.53 on Friday. The firm has a fifty day simple moving average of $33.17 and a two-hundred day simple moving average of $31.57. 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 twelve month low of $23.85 and a twelve month high of $50.34. The company has a market capitalization of $3.50 billion, a PE ratio of 8.55, a P/E/G ratio of 0.25 and a beta of 1.24.

Foot Locker Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 27th. Investors of record on Friday, January 13th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 4.26%. The ex-dividend date of this dividend is Thursday, January 12th. Foot Locker’s dividend payout ratio is presently 36.45%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Evercore ISI boosted their price objective on Foot Locker to $40.00 in a research note on Monday, August 22nd. Citigroup increased their price target on shares of Foot Locker from $33.00 to $38.00 and gave the stock a “neutral” rating in a report on Monday. Bank of America raised shares of Foot Locker from an “underperform” rating to a “neutral” rating and boosted their price objective for the company from $28.00 to $43.00 in a research note on Friday, August 19th. Robert W. Baird increased their target price on shares of Foot Locker from $32.00 to $40.00 in a research note on Monday, August 22nd. Finally, Guggenheim boosted their price target on shares of Foot Locker to $43.00 in a research report on Monday, August 22nd. Twenty investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $39.61.

Insider Buying and Selling

In other news, major shareholder Vesa Equity Investment S.A R.L sold 1,316 shares of the 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 sale, the insider now owns 11,468,571 shares of the company’s stock, valued at $367,223,643.42. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, major shareholder Vesa Equity Investment S.A R.L sold 1,316 shares of the company’s stock in a transaction dated Friday, October 21st. The shares were 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 $367,223,643.42. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Todd Greener sold 2,500 shares of the firm’s stock in a transaction dated Monday, October 3rd. The stock was sold at an average price of $30.99, for a total value of $77,475.00. Following the completion of the sale, the senior vice president now directly owns 8,421 shares in the company, valued at $260,966.79. The disclosure for this sale can be found here. Insiders have sold a total of 557,380 shares of company stock worth $18,395,121 in the last ninety days. 3.00% of the stock is owned by insiders.

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.

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Want to see what other hedge funds are holding FL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Foot Locker, Inc. (NYSE:FLGet Rating).

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

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