Wesbanco Bank Inc. bought a new stake in Foot Locker, Inc. (NYSE:FL) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 40,148 shares of the athletic footwear retailer’s stock, valued at approximately $1,829,000.
Other hedge funds and other institutional investors have also modified their holdings of the company. Bank of New York Mellon Corp increased its position in Foot Locker by 9.6% during the fourth quarter. Bank of New York Mellon Corp now owns 3,935,081 shares of the athletic footwear retailer’s stock worth $184,475,000 after purchasing an additional 343,488 shares during the last quarter. Two Sigma Advisers LP increased its position in Foot Locker by 43.0% during the fourth quarter. Two Sigma Advisers LP now owns 1,767,441 shares of the athletic footwear retailer’s stock worth $82,858,000 after purchasing an additional 531,710 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Foot Locker by 22.1% during the first quarter. Dimensional Fund Advisors LP now owns 1,704,364 shares of the athletic footwear retailer’s stock worth $77,617,000 after purchasing an additional 308,927 shares during the last quarter. LSV Asset Management increased its position in Foot Locker by 17.4% during the first quarter. LSV Asset Management now owns 1,210,678 shares of the athletic footwear retailer’s stock worth $55,134,000 after purchasing an additional 179,300 shares during the last quarter. Finally, Rockefeller Capital Management L.P. acquired a new stake in Foot Locker during the first quarter worth about $54,767,000. Institutional investors and hedge funds own 93.20% of the company’s stock.
NYSE FL opened at $56.71 on Thursday. The company has a quick ratio of 2.04, a current ratio of 3.89 and a debt-to-equity ratio of 0.05. Foot Locker, Inc. has a one year low of $28.42 and a one year high of $59.40. The company has a market capitalization of $6.55 billion, a PE ratio of 13.80, a price-to-earnings-growth ratio of 1.88 and a beta of 0.93.
Foot Locker (NYSE:FL) last posted its quarterly earnings data on Friday, May 25th. The athletic footwear retailer reported $1.45 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.25 by $0.20. Foot Locker had a net margin of 3.45% and a return on equity of 19.60%. The business had revenue of $2.03 billion during the quarter, compared to analyst estimates of $1.96 billion. During the same quarter last year, the firm posted $1.36 earnings per share. The business’s revenue for the quarter was up 1.2% compared to the same quarter last year. equities research analysts anticipate that Foot Locker, Inc. will post 4.54 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 3rd. Stockholders of record on Friday, July 20th will be paid a $0.345 dividend. This represents a $1.38 annualized dividend and a dividend yield of 2.43%. The ex-dividend date of this dividend is Thursday, July 19th. Foot Locker’s payout ratio is 33.58%.
In other news, CFO Lauren B. Peters sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, May 25th. The shares were sold at an average price of $51.85, for a total value of $1,296,250.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.90% of the company’s stock.
FL has been the subject of several recent analyst reports. TheStreet upgraded shares of Foot Locker from a “c+” rating to a “b-” rating in a research report on Monday. Buckingham Research restated a “buy” rating and set a $54.00 price objective on shares of Foot Locker in a research report on Wednesday, April 18th. Deutsche Bank set a $58.00 price objective on shares of Foot Locker and gave the stock a “buy” rating in a research report on Wednesday, April 4th. Guggenheim restated a “buy” rating and set a $51.00 price objective on shares of Foot Locker in a research report on Friday, March 2nd. Finally, Pivotal Research set a $57.00 price objective on shares of Foot Locker and gave the stock a “buy” rating in a research report on Tuesday, February 27th. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and sixteen have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $56.24.
Foot Locker 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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