Metropolitan Life Insurance Co NY trimmed its position in Foot Locker, Inc. (NYSE:FL) by 5.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,675 shares of the athletic footwear retailer’s stock after selling 843 shares during the quarter. Metropolitan Life Insurance Co NY’s holdings in Foot Locker were worth $949,000 at the end of the most recent reporting period.
Several other hedge funds have also recently modified their holdings of FL. Bremer Bank National Association purchased a new position in Foot Locker during the first quarter worth approximately $26,000. CWM LLC increased its holdings in shares of Foot Locker by 264.1% in the first quarter. CWM LLC now owns 477 shares of the athletic footwear retailer’s stock valued at $29,000 after purchasing an additional 346 shares during the last quarter. Bremer Trust National Association acquired a new stake in shares of Foot Locker in the fourth quarter valued at approximately $26,000. Investors Research Corp acquired a new stake in shares of Foot Locker in the first quarter valued at approximately $30,000. Finally, Mckinley Capital Management LLC Delaware acquired a new stake in shares of Foot Locker in the first quarter valued at approximately $33,000. Institutional investors and hedge funds own 99.53% of the company’s stock.
Shares of Foot Locker stock traded up $0.50 during trading hours on Thursday, reaching $42.35. 3,163,773 shares of the company’s stock were exchanged, compared to its average volume of 3,121,678. The company has a market capitalization of $4.52 billion, a price-to-earnings ratio of 8.99, a price-to-earnings-growth ratio of 0.83 and a beta of 0.99. The company has a debt-to-equity ratio of 1.12, a current ratio of 2.01 and a quick ratio of 1.07. The company’s fifty day moving average is $41.73. Foot Locker, Inc. has a 52-week low of $39.06 and a 52-week high of $68.00.
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 2nd. Shareholders of record on Friday, July 19th will be issued a $0.38 dividend. The ex-dividend date is Thursday, July 18th. This represents a $1.52 dividend on an annualized basis and a yield of 3.59%. Foot Locker’s dividend payout ratio is currently 32.27%.
FL has been the subject of several recent research reports. Citigroup initiated coverage on Dicks Sporting Goods in a report on Wednesday, April 10th. They issued a “neutral” rating and a $40.00 price target for the company. Wedbush reissued an “outperform” rating and set a $60.00 target price on shares of Activision Blizzard in a research note on Monday, April 1st. ValuEngine raised XOMA from a “sell” rating to a “hold” rating in a research note on Friday, May 24th. Guggenheim reaffirmed a “buy” rating and issued a $60.00 price objective on shares of Foot Locker in a research note on Friday, May 24th. Finally, Deutsche Bank began coverage on So-Young International in a report on Tuesday, May 28th. They issued a “buy” rating for the company. Two research analysts have rated the stock with a sell rating, three have given a hold rating and fifteen have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $67.72.
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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