ClariVest Asset Management LLC Has $6 Million Stock Position in Foot Locker, Inc. (NYSE:FL)

ClariVest Asset Management LLC decreased its stake in Foot Locker, Inc. (NYSE:FLGet Rating) by 2.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 137,630 shares of the athletic footwear retailer’s stock after selling 3,529 shares during the period. ClariVest Asset Management LLC’s holdings in Foot Locker were worth $6,004,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in FL. Mutual Advisors LLC boosted its holdings in shares of Foot Locker by 73.1% in the fourth quarter. Mutual Advisors LLC now owns 23,200 shares of the athletic footwear retailer’s stock worth $1,012,000 after acquiring an additional 9,800 shares during the period. Rockefeller Capital Management L.P. boosted its stake in Foot Locker by 0.6% during the fourth quarter. Rockefeller Capital Management L.P. now owns 38,604 shares of the athletic footwear retailer’s stock valued at $1,683,000 after buying an additional 242 shares during the period. Schroder Investment Management Group lifted its stake in Foot Locker by 434.6% during the fourth quarter. Schroder Investment Management Group now owns 140,753 shares of the athletic footwear retailer’s stock worth $6,141,000 after purchasing an additional 114,423 shares during the last quarter. Invenomic Capital Management LP increased its holdings in Foot Locker by 2.0% during the 4th quarter. Invenomic Capital Management LP now owns 20,926 shares of the athletic footwear retailer’s stock valued at $913,000 after purchasing an additional 402 shares during the period. Finally, Eagle Asset Management Inc. increased its holdings in Foot Locker by 1.2% during the 4th quarter. Eagle Asset Management Inc. now owns 96,377 shares of the athletic footwear retailer’s stock valued at $4,236,000 after purchasing an additional 1,115 shares during the period. Institutional investors own 83.43% of the company’s stock.

Shares of FL stock traded up $1.71 during mid-day trading on Wednesday, reaching $31.80. The stock had a trading volume of 192,484 shares, compared to its average volume of 3,013,505. Foot Locker, Inc. has a one year low of $26.36 and a one year high of $64.80. The company has a quick ratio of 0.63, a current ratio of 1.36 and a debt-to-equity ratio of 0.14. The firm’s 50 day simple moving average is $30.04 and its 200 day simple moving average is $38.45. The firm has a market cap of $3.06 billion, a PE ratio of 3.78, a P/E/G ratio of 0.21 and a beta of 1.28.

Foot Locker (NYSE:FLGet Rating) last announced its quarterly earnings data on Friday, May 20th. The athletic footwear retailer reported $1.60 EPS for the quarter, beating analysts’ consensus estimates of $1.55 by $0.05. The firm had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.21 billion. Foot Locker had a return on equity of 25.11% and a net margin of 9.97%. The business’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same period last year, the company earned $1.96 EPS. Sell-side analysts forecast that Foot Locker, Inc. will post 4.44 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 29th. Stockholders of record on Friday, July 15th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.03%. The ex-dividend date of this dividend 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 on Wednesday, March 16th. The shares were sold at an average price of $31.00, for a total transaction of $113,150.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 3.00% of the company’s stock.

A number of analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft boosted their price target on Foot Locker from $30.00 to $32.00 in a research report on Monday. TheStreet cut Foot Locker from a “b-” rating to a “c+” rating in a research report on Monday, March 14th. Cowen lowered shares of Foot Locker from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $42.00 to $34.00 in a research note on Monday, March 28th. Zacks Investment Research upgraded Foot Locker from a “sell” rating to a “hold” rating and set a $32.00 price objective for the company in a research note on Tuesday, May 17th. Finally, Morgan Stanley increased their price target on Foot Locker from $23.00 to $24.00 and gave the stock an “underweight” rating in a research note on Monday. Five analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $43.22.

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.

See Also

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

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