March 20, 2018

Foot Locker, Inc. (FL) SVP Sells 8000 Shares of Stock

19 May 2017, 07:58 | Melvin Schneider

Foot Locker, Inc. (FL) SVP Sells 8000 Shares of Stock

Foot Locker, Inc. (FL) SVP Sells 8000 Shares of Stock

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FL. Somerset Trust Co raised its position in Foot Locker by 0.3% in the first quarter. Boston Advisors LLC now owns 20,361 shares of the textile maker's stock valued at $1,379,000 after buying an additional 1,037 shares during the period.

Historically, if we have a peek at price target revisions, Foot Locker, Inc. Todd Asset Management LLC now owns 467,014 shares of the textile maker's stock worth $31,626,000 after buying an additional 147,267 shares in the last quarter. Tiaa Cref Inv Mngmt holds 0.08% of its portfolio in Foot Locker, Inc. BlackRock Fund Advisors now owns 2,503,180 shares of the textile maker's stock worth $169,515,000 after buying an additional 88,331 shares during the period. Aviance Capital Partners LLC now owns 15,688 shares of the textile maker's stock worth $1,062,000 after buying an additional 46 shares during the period. NEXT Financial Group Inc boosted its position in shares of Foot Locker by 30.2% in the third quarter. (NYSE:FL) shares have seen a move of 0.78%. The firm has a 50 day moving average of $74.63 and a 200 day moving average of $72.83. The company has market cap of $9.13 billion.

The athletic shoe and apparel company reported first-quarter earnings per share of $1.36, falling short of the Street's forecast for $1.38, according to a Thomson Reuters consensus estimate. Foot Locker had a return on equity of 24.22% and a net margin of 8.26%. While the aforementioned estimate would lead to 1% year-over-year (YoY) surge in revenues, it would allow the $9.12 billion company's top line to shrink 3.81% quarter-over-quarter (QoQ). In contrast to the year ago quarter EPS was at 1.22. The firm has "Neutral" rating by Credit Suisse given on Friday, February 5. The Company spent $38 million to repurchase 546 thousand shares during the quarter and paid a quarterly dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date was Tuesday, April 11th.

Among 23 analysts covering Foot Locker Inc.

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Several other brokerages have also issued reports on FL. The stock declined 0.01% or $0.01 reaching $70.44 on the news.

"[Foot Locker's] improving product offerings, excitement around Nike's National Basketball Association sponsorship, remodel lifts, and overall high engagement with customers should continue to drive results and share gains", Susquehanna analyst Sam Poser wrote in a note to investors Friday morning.

Foot Locker, Inc. had its "buy" rating reiterated by analysts at B. Riley. (NYSE:FL) now have an ABR of 1.44.which is marked on a basic 1 to 5 scale, where 1 stands for a Strong Buy and 5 represents Strong Sell. The stock's current RSI reading is at 29.91.

The company claims that the lag in consumers receiving their tax refunds hampered results for February, typically one of the biggest months of the year for Foot Locker. Following the sale, the senior vice president now owns 36,641 shares of the company's stock, valued at approximately $2,729,754.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Lauren B. Peters sold 25,000 shares of the company's stock in a transaction on Wednesday, March 8th.

On 12/6/2016 Jarobin Gilbert Jr, Director, sold 1,000 with an average share price of $76.23 per share and the total transaction amounting to $76,230.00.

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