Prudential PLC Trims Stock Position in Foot Locker, Inc. (NYSE:FL)

Prudential PLC lowered its position in shares of Foot Locker, Inc. (NYSE:FLGet Rating) by 30.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,958 shares of the athletic footwear retailer’s stock after selling 3,541 shares during the period. Prudential PLC’s holdings in Foot Locker were worth $347,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of FL. Amundi Pioneer Asset Management Inc. grew its stake in Foot Locker by 192.6% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 152,402 shares of the athletic footwear retailer’s stock worth $9,235,000 after buying an additional 100,318 shares in the last quarter. Morgan Stanley grew its stake in Foot Locker by 40.3% in the 2nd quarter. Morgan Stanley now owns 430,796 shares of the athletic footwear retailer’s stock worth $26,550,000 after buying an additional 123,781 shares in the last quarter. Advisor Group Holdings Inc. grew its stake in Foot Locker by 9.3% in the 3rd quarter. Advisor Group Holdings Inc. now owns 10,401 shares of the athletic footwear retailer’s stock worth $475,000 after buying an additional 883 shares in the last quarter. Teacher Retirement System of Texas grew its stake in Foot Locker by 21.8% in the 3rd quarter. Teacher Retirement System of Texas now owns 14,857 shares of the athletic footwear retailer’s stock worth $678,000 after buying an additional 2,659 shares in the last quarter. Finally, Rafferty Asset Management LLC grew its stake in Foot Locker by 13.5% in the 3rd quarter. Rafferty Asset Management LLC now owns 18,333 shares of the athletic footwear retailer’s stock worth $837,000 after buying an additional 2,177 shares in the last quarter. 83.43% of the stock is owned by institutional investors.

FL has been the subject of a number of recent research reports. Seaport Res Ptn lowered shares of Foot Locker from a “buy” rating to a “neutral” rating in a report on Sunday, February 27th. Robert W. Baird lowered their price objective on shares of Foot Locker from $56.00 to $30.00 in a report on Tuesday, March 1st. Cowen lowered shares of Foot Locker from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $42.00 to $34.00 in a report on Monday, March 28th. B. Riley lowered shares of Foot Locker from a “buy” rating to a “neutral” rating and set a $34.00 price objective for the company. in a report on Tuesday, March 1st. Finally, Morgan Stanley lowered shares of Foot Locker from an “equal weight” rating to an “underweight” rating and lowered their price objective for the stock from $47.00 to $23.00 in a report on Friday, February 25th. Five analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Foot Locker presently has a consensus rating of “Hold” and a consensus price target of $43.00.

Shares of NYSE FL opened at $31.54 on Friday. The company has a current ratio of 1.36, a quick ratio of 0.63 and a debt-to-equity ratio of 0.14. Foot Locker, Inc. has a 12 month low of $26.36 and a 12 month high of $64.80. The firm has a market capitalization of $3.03 billion, a PE ratio of 3.68, a price-to-earnings-growth ratio of 0.21 and a beta of 1.28. The firm has a fifty day simple moving average of $30.09 and a two-hundred day simple moving average of $38.85.

Foot Locker (NYSE:FLGet Rating) last issued its quarterly earnings data on Friday, May 20th. The athletic footwear retailer reported $1.60 EPS for the quarter, topping the consensus estimate of $1.38 by $0.22. Foot Locker had a net margin of 9.97% and a return on equity of 25.11%. The business had revenue of $2.18 billion during the quarter, compared to analyst estimates of $2.21 billion. During the same period in the prior year, the business earned $1.96 EPS. The company’s revenue for the quarter was up 1.0% on a year-over-year basis. On average, sell-side analysts predict that Foot Locker, Inc. will post 4.44 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 29th. Stockholders of record on Friday, July 15th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.07%. The ex-dividend date is Thursday, July 14th. Foot Locker’s dividend payout ratio is presently 18.69%.

In other news, VP John A. Maurer sold 3,650 shares of the company’s stock in a transaction dated Wednesday, March 16th. The shares were sold at an average price of $31.00, for a total value of $113,150.00. The transaction was disclosed in a filing with the SEC, which is available through this link. 3.00% of the stock is owned by corporate insiders.

About Foot Locker (Get Rating)

Foot Locker, Inc, through its subsidiaries, operates as an athletic footwear and apparel retailer. The company engages in the retail of athletic footwear, apparel, accessories, equipment, and team licensed merchandise under the Foot Locker, Lady Foot Locker, Kids Foot Locker, Champs Sports, Eastbay, atmos, WSS, Footaction, and Sidestep brand names.

Further Reading

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

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