Riverhead Capital Management LLC Has $3.51 Million Holdings in Foot Locker, Inc. (FL)

Riverhead Capital Management LLC raised its stake in shares of Foot Locker, Inc. (NYSE:FL) by 737.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 68,822 shares of the athletic footwear retailer’s stock after purchasing an additional 60,600 shares during the period. Riverhead Capital Management LLC owned 0.06% of Foot Locker worth $3,508,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. O Shaughnessy Asset Management LLC acquired a new position in Foot Locker during the third quarter valued at approximately $124,000. Stratos Wealth Partners LTD. acquired a new position in Foot Locker during the third quarter valued at approximately $146,000. Stephens Inc. AR acquired a new position in Foot Locker during the second quarter valued at approximately $203,000. Fiera Capital Corp acquired a new position in Foot Locker during the second quarter valued at approximately $208,000. Finally, Advisors Asset Management Inc. grew its holdings in Foot Locker by 61.6% during the second quarter. Advisors Asset Management Inc. now owns 4,176 shares of the athletic footwear retailer’s stock valued at $220,000 after purchasing an additional 1,592 shares during the last quarter. Institutional investors own 99.96% of the company’s stock.

Shares of FL stock opened at $53.05 on Friday. The firm has a market capitalization of $6.26 billion, a P/E ratio of 12.91, a PEG ratio of 1.61 and a beta of 0.85. Foot Locker, Inc. has a one year low of $38.17 and a one year high of $59.40. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.42 and a quick ratio of 1.54.

Foot Locker (NYSE:FL) last issued its earnings results on Tuesday, November 20th. The athletic footwear retailer reported $0.95 EPS for the quarter, topping the consensus estimate of $0.92 by $0.03. The firm had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.86 billion. Foot Locker had a return on equity of 21.01% and a net margin of 4.24%. Foot Locker’s quarterly revenue was down .5% compared to the same quarter last year. During the same period last year, the business earned $0.87 earnings per share. As a group, sell-side analysts predict that Foot Locker, Inc. will post 4.5 earnings per share for the current fiscal year.

The company also recently announced 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 annualized dividend and a yield of 2.60%. Foot Locker’s dividend payout ratio (DPR) is currently 33.58%.

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

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

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About Foot Locker

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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