State of New Jersey Common Pension Fund D Sells 7,606 Shares of Foot Locker, Inc. (NYSE:FL)

State of New Jersey Common Pension Fund D lessened its position in Foot Locker, Inc. (NYSE:FLGet Rating) by 10.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 64,420 shares of the athletic footwear retailer’s stock after selling 7,606 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Foot Locker were worth $2,005,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in FL. BlackRock Inc. lifted its holdings in shares of Foot Locker by 5.0% during the first 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 raised its position in Foot Locker by 9.4% in the 2nd quarter. State Street Corp now owns 2,895,754 shares of the athletic footwear retailer’s stock worth $73,118,000 after buying an additional 248,611 shares during the last quarter. Northern Trust Corp lifted its stake 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 valued at $27,871,000 after acquiring an additional 398,312 shares during the period. AQR Capital Management LLC boosted its holdings in shares of 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 acquiring an additional 270,263 shares during the last quarter. Finally, Renaissance Technologies LLC grew its stake 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. Hedge funds and other institutional investors own 95.06% of the company’s stock.

Foot Locker Trading Down 3.0 %

Shares of FL opened at $37.24 on Friday. The firm has a market cap of $3.48 billion, a P/E ratio of 8.48 and a beta of 1.23. 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, Inc. has a 1 year low of $23.85 and a 1 year high of $47.42. The company has a 50 day simple moving average of $37.12 and a two-hundred day simple moving average of $33.71.

Foot Locker (NYSE:FLGet Rating) last announced its quarterly earnings results on Friday, November 18th. The athletic footwear retailer reported $1.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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, equities analysts expect that Foot Locker, Inc. will post 4.49 earnings per share for the current fiscal year.

Foot Locker Dividend Announcement

The firm 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 $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.30%. The ex-dividend date is Thursday, January 12th. Foot Locker’s dividend payout ratio (DPR) is presently 36.45%.

Insider Buying and Selling

In other Foot Locker news, SVP Todd Greener sold 2,500 shares of Foot Locker stock in a transaction on Thursday, January 5th. The shares were sold at an average price of $37.63, for a total value of $94,075.00. Following the completion of the transaction, the senior vice president now directly owns 5,921 shares of the company’s stock, valued at approximately $222,807.23. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 3.00% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages recently weighed in on FL. Telsey Advisory Group increased their price objective on shares of Foot Locker from $37.00 to $39.00 and gave the company a “market perform” rating in a research report on Monday, November 21st. StockNews.com raised Foot Locker from a “sell” rating to a “hold” rating in a report on Monday, November 28th. TheStreet raised Foot Locker from a “c” rating to a “b-” rating in a report on Monday, November 21st. Citigroup boosted their price target on Foot Locker from $33.00 to $38.00 and gave the company a “neutral” rating in a research note on Monday, November 21st. Finally, UBS Group increased their price objective on shares of Foot Locker to $39.00 in a research note on Monday, November 28th. Twenty research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $38.00.

Foot Locker Profile

(Get Rating)

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.

Featured Stories

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)

Receive News & Ratings for Foot Locker Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Foot Locker and related companies with MarketBeat.com's FREE daily email newsletter.