Two Sigma Advisers LP boosted its holdings in shares of Foot Locker, Inc. (NYSE:FL) by 43.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,767,441 shares of the athletic footwear retailer’s stock after acquiring an additional 531,710 shares during the quarter. Two Sigma Advisers LP owned about 1.46% of Foot Locker worth $82,858,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of FL. Assetmark Inc. boosted its holdings in Foot Locker by 205.0% in the third quarter. Assetmark Inc. now owns 3,834 shares of the athletic footwear retailer’s stock valued at $135,000 after purchasing an additional 2,577 shares during the period. CenterStar Asset Management LLC acquired a new stake in Foot Locker in the fourth quarter valued at $138,000. Truewealth LLC acquired a new stake in Foot Locker in the fourth quarter valued at $169,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Foot Locker in the fourth quarter valued at $188,000. Finally, Cigna Investments Inc. New acquired a new stake in Foot Locker in the fourth quarter valued at $217,000. 96.49% of the stock is owned by institutional investors.
In related news, Director Matthew M. Mckenna sold 10,899 shares of the business’s stock in a transaction dated Tuesday, January 9th. The stock was sold at an average price of $45.82, for a total value of $499,392.18. Following the transaction, the director now owns 35,000 shares in the company, valued at approximately $1,603,700. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Richard A. Johnson sold 25,000 shares of Foot Locker stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $50.05, for a total value of $1,251,250.00. The disclosure for this sale can be found here. Insiders sold a total of 69,442 shares of company stock worth $3,338,499 in the last 90 days. 1.73% of the stock is currently owned by insiders.
Foot Locker, Inc. (NYSE FL) opened at $43.86 on Wednesday. The stock has a market capitalization of $5,250.60, a PE ratio of 20.31, a P/E/G ratio of 1.52 and a beta of 0.84. Foot Locker, Inc. has a 52-week low of $28.42 and a 52-week high of $77.86. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.14 and a quick ratio of 2.07.
Foot Locker (NYSE:FL) last issued its quarterly earnings results on Friday, March 2nd. The athletic footwear retailer reported $1.26 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.25 by $0.01. The firm had revenue of $2.21 billion for the quarter, compared to analysts’ expectations of $2.23 billion. Foot Locker had a return on equity of 19.32% and a net margin of 3.65%. The firm’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.37 EPS. equities analysts expect that Foot Locker, Inc. will post 4.4 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, May 4th. Investors of record on Friday, April 20th will be given a $0.345 dividend. This represents a $1.38 annualized dividend and a yield of 3.15%. The ex-dividend date of this dividend is Thursday, April 19th. This is a boost from Foot Locker’s previous quarterly dividend of $0.31. Foot Locker’s payout ratio is 57.41%.
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Foot Locker Profile
Foot Locker, Inc is a retailer of shoes and apparel. The Company operates through two segments: Athletic Stores and Direct-to-Customers. The Company is an athletic footwear and apparel retailer, which include businesses, such as include Foot Locker, Kids Foot Locker, Lady Foot Locker, Champs Sports, Footaction, Runners Point, Sidestep and SIX:02.
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