Regentatlantic Capital LLC raised its stake in Foot Locker, Inc. (NYSE:FL) by 10.9% during the first quarter, Holdings Channel reports. The firm owned 5,960 shares of the athletic footwear retailer’s stock after purchasing an additional 588 shares during the period. Regentatlantic Capital LLC’s holdings in Foot Locker were worth $361,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in the business. Vanguard Group Inc boosted its holdings in shares of Foot Locker by 0.7% in the 3rd quarter. Vanguard Group Inc now owns 12,178,329 shares of the athletic footwear retailer’s stock valued at $620,851,000 after purchasing an additional 85,314 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of Foot Locker by 2.1% in the 4th quarter. BlackRock Inc. now owns 7,046,767 shares of the athletic footwear retailer’s stock valued at $374,890,000 after purchasing an additional 146,138 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Foot Locker by 2.1% in the 4th quarter. Bank of New York Mellon Corp now owns 5,361,255 shares of the athletic footwear retailer’s stock valued at $285,219,000 after purchasing an additional 112,778 shares during the last quarter. LSV Asset Management boosted its holdings in shares of Foot Locker by 16.9% in the 4th quarter. LSV Asset Management now owns 3,401,037 shares of the athletic footwear retailer’s stock valued at $180,935,000 after purchasing an additional 491,986 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Foot Locker by 10.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,685,329 shares of the athletic footwear retailer’s stock valued at $142,856,000 after purchasing an additional 263,890 shares during the last quarter. Institutional investors own 99.82% of the company’s stock.
In related news, CEO Richard A. Johnson sold 80,000 shares of Foot Locker stock in a transaction on Wednesday, February 20th. The shares were sold at an average price of $60.01, for a total transaction of $4,800,800.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 2.40% of the company’s stock.
Shares of FL stock opened at $57.63 on Friday. Foot Locker, Inc. has a 52 week low of $41.26 and a 52 week high of $68.00. The company has a current ratio of 3.30, a quick ratio of 1.63 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $6.39 billion, a PE ratio of 12.24, a price-to-earnings-growth ratio of 1.16 and a beta of 0.71.
Foot Locker (NYSE:FL) last released its quarterly earnings results on Friday, March 1st. The athletic footwear retailer reported $1.56 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.39 by $0.17. Foot Locker had a net margin of 6.81% and a return on equity of 21.92%. The firm had revenue of $2.27 billion for the quarter, compared to the consensus estimate of $2.18 billion. During the same quarter in the previous year, the firm posted $1.26 EPS. The firm’s quarterly revenue was up 2.8% on a year-over-year basis. On average, equities analysts expect that Foot Locker, Inc. will post 5.2 earnings per share for the current year.
Foot Locker announced that its board has initiated a stock buyback program on Wednesday, February 20th that permits the company to buyback $1.20 billion in outstanding shares. This buyback authorization permits the athletic footwear retailer to buy up to 17.7% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its stock is undervalued.
The company also recently declared a quarterly dividend, which was paid on Friday, May 3rd. Investors of record on Thursday, April 18th were paid a dividend of $0.38 per share. This is an increase from Foot Locker’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend was Wednesday, April 17th. This represents a $1.52 annualized dividend and a yield of 2.64%. Foot Locker’s payout ratio is 32.27%.
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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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