Foot Locker, Inc. (NYSE:FL) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp cut its stake in shares of Foot Locker, Inc. (NYSE:FL – Get Rating) by 2.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,114,887 shares of the athletic footwear retailer’s stock after selling 31,178 shares during the period. Bank of New York Mellon Corp’s holdings in Foot Locker were worth $34,706,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. C M Bidwell & Associates Ltd. purchased a new stake in Foot Locker during the second quarter worth about $30,000. Advisors Asset Management Inc. increased its stake in Foot Locker by 68.3% during the 1st quarter. Advisors Asset Management Inc. now owns 1,336 shares of the athletic footwear retailer’s stock worth $40,000 after buying an additional 542 shares during the period. Meeder Asset Management Inc. lifted its holdings in Foot Locker by 93.8% during the 2nd quarter. Meeder Asset Management Inc. now owns 1,624 shares of the athletic footwear retailer’s stock worth $41,000 after buying an additional 786 shares in the last quarter. Wipfli Financial Advisors LLC purchased a new position in Foot Locker in the 3rd quarter valued at approximately $42,000. Finally, Canada Pension Plan Investment Board grew its stake 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 worth $107,000 after acquiring an additional 3,126 shares in the last quarter. Hedge funds and other institutional investors own 95.06% of the company’s stock.

Foot Locker Stock Down 6.7 %

Shares of NYSE:FL opened at $40.02 on Tuesday. The company has a market cap of $3.73 billion, a price-to-earnings ratio of 9.12 and a beta of 1.25. Foot Locker, Inc. has a fifty-two week low of $23.85 and a fifty-two week high of $47.22. The firm’s 50-day simple moving average is $42.27 and its 200-day simple moving average is $37.56. 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 28th. Stockholders of record on Friday, April 14th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.00%. The ex-dividend date is Thursday, April 13th. Foot Locker’s dividend payout ratio (DPR) is 36.45%.

Wall Street Analyst Weigh In

FL has been the topic of several analyst reports. Citigroup increased their price objective on Foot Locker from $33.00 to $38.00 and gave the company a “neutral” rating in a research note on Monday, November 21st. Morgan Stanley lowered their price objective on Foot Locker from $36.00 to $33.00 and set an “equal weight” rating for the company in a research report on Tuesday, November 22nd. Cowen raised their target price on shares of Foot Locker from $35.00 to $39.00 in a report on Monday, November 21st. JPMorgan Chase & Co. boosted 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. Finally, TheStreet upgraded shares of Foot Locker from a “c” rating to a “b-” rating in a report on Monday, November 21st. Sixteen research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Foot Locker has a consensus rating of “Hold” and a consensus price target of $40.78.

Insider Activity

In related news, SVP Todd Greener sold 2,500 shares of the company’s stock in a transaction on 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 of the company’s stock, valued at $222,807.23. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Foot Locker news, SVP Todd Greener sold 2,500 shares of the company’s stock in a transaction dated 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 directly owns 5,921 shares in the company, valued at $222,807.23. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP John A. Maurer sold 3,500 shares of the stock in a transaction dated Thursday, January 26th. The shares were sold at an average price of $42.01, for a total transaction of $147,035.00. Following the completion of the transaction, the vice president now directly owns 23,221 shares of the company’s stock, valued at $975,514.21. The disclosure for this sale can be found here. Insiders own 3.00% of the company’s stock.

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.