Foot Locker, Inc. (FL) Shares Bought by King Luther Capital Management Corp

King Luther Capital Management Corp grew its stake in shares of Foot Locker, Inc. (NYSE:FL) by 54.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 86,783 shares of the athletic footwear retailer’s stock after purchasing an additional 30,540 shares during the quarter. King Luther Capital Management Corp owned approximately 0.08% of Foot Locker worth $4,424,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Empowered Funds LLC raised its holdings in Foot Locker by 24.0% during the third quarter. Empowered Funds LLC now owns 66,349 shares of the athletic footwear retailer’s stock worth $3,359,000 after purchasing an additional 12,853 shares in the last quarter. Zacks Investment Management raised its holdings in Foot Locker by 5.4% during the second quarter. Zacks Investment Management now owns 28,220 shares of the athletic footwear retailer’s stock worth $1,486,000 after purchasing an additional 1,440 shares in the last quarter. Public Employees Retirement System of Ohio raised its holdings in Foot Locker by 21.0% during the second quarter. Public Employees Retirement System of Ohio now owns 57,352 shares of the athletic footwear retailer’s stock worth $3,020,000 after purchasing an additional 9,963 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Foot Locker by 26.6% during the second quarter. Dimensional Fund Advisors LP now owns 2,157,573 shares of the athletic footwear retailer’s stock worth $113,606,000 after purchasing an additional 453,209 shares in the last quarter. Finally, Polianta Ltd raised its holdings in Foot Locker by 14.7% during the third quarter. Polianta Ltd now owns 23,800 shares of the athletic footwear retailer’s stock worth $1,213,000 after purchasing an additional 3,050 shares in the last quarter. 99.96% of the stock is currently owned by institutional investors.

A number of research firms have weighed in on FL. Zacks Investment Research raised shares of Foot Locker from a “hold” rating to a “buy” rating and set a $63.00 price objective on the stock in a report on Wednesday. TheStreet raised shares of Foot Locker from a “c” rating to a “b-” rating in a report on Tuesday, November 20th. Cowen set a $56.00 target price on shares of Foot Locker and gave the company a “hold” rating in a report on Wednesday, November 21st. Morgan Stanley set a $44.00 target price on shares of Foot Locker and gave the company a “sell” rating in a report on Wednesday, November 21st. Finally, Citigroup lifted their target price on shares of Foot Locker from $60.00 to $63.00 and gave the company a “buy” rating in a report on Wednesday, November 21st. One analyst has rated the stock with a sell rating, seven have issued a hold rating and sixteen have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $59.09.

In related news, VP John A. Maurer sold 5,000 shares of Foot Locker stock in a transaction on Wednesday, November 21st. The shares were sold at an average price of $53.00, for a total value of $265,000.00. Following the transaction, the vice president now directly owns 25,581 shares in the company, valued at approximately $1,355,793. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Matthew M. Mckenna sold 7,000 shares of Foot Locker stock in a transaction on Monday, November 19th. The shares were sold at an average price of $50.81, for a total transaction of $355,670.00. Following the completion of the transaction, the director now owns 30,459 shares in the company, valued at $1,547,621.79. The disclosure for this sale can be found here. Company insiders own 2.90% of the company’s stock.

Shares of Foot Locker stock opened at $53.05 on Friday. Foot Locker, Inc. has a 12 month low of $38.17 and a 12 month high of $59.40. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.54 and a current ratio of 3.42. The firm has a market capitalization of $6.26 billion, a PE ratio of 12.91, a price-to-earnings-growth ratio of 1.61 and a beta of 0.85.

Foot Locker (NYSE:FL) last posted its quarterly earnings data on Tuesday, November 20th. The athletic footwear retailer reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.03. Foot Locker had a net margin of 4.24% and a return on equity of 21.01%. The firm had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same period last year, the firm posted $0.87 EPS. Foot Locker’s quarterly revenue was down .5% on a year-over-year basis. As a group, equities research analysts expect that Foot Locker, Inc. will post 4.5 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 1st. Investors of record on Friday, January 18th will be given a $0.345 dividend. The ex-dividend date is Thursday, January 17th. This represents a $1.38 dividend on an annualized basis and a yield of 2.60%. Foot Locker’s dividend payout ratio (DPR) is 33.58%.

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Foot Locker Company Profile

Foot Locker, Inc, through its subsidiaries, operates as an athletic shoes and apparel retailer. The company operates in two segments, Athletic Stores and Direct-to-Customers. The Athletic Stores segment retails athletic footwear, apparel, accessories, and equipment under various formats, including Foot Locker, Kids Foot Locker, Lady Foot Locker, Champs Sports, Footaction, Runners Point, Sidestep, and SIX:02.

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

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