State of Alaska Department of Revenue Sells 18,451 Shares of Foot Locker, Inc. (NYSE:FL)

State of Alaska Department of Revenue lowered its position in shares of Foot Locker, Inc. (NYSE:FL) by 65.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,699 shares of the athletic footwear retailer’s stock after selling 18,451 shares during the period. State of Alaska Department of Revenue’s holdings in Foot Locker were worth $477,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Somerset Trust Co increased its position in Foot Locker by 0.3% in the first quarter. Somerset Trust Co now owns 6,059 shares of the athletic footwear retailer’s stock worth $453,000 after buying an additional 20 shares in the last quarter. Commerce Bank increased its position in Foot Locker by 1.3% in the first quarter. Commerce Bank now owns 6,200 shares of the athletic footwear retailer’s stock worth $464,000 after buying an additional 77 shares in the last quarter. IFP Advisors Inc increased its position in Foot Locker by 1.9% in the first quarter. IFP Advisors Inc now owns 4,580 shares of the athletic footwear retailer’s stock worth $343,000 after buying an additional 86 shares in the last quarter. Pacer Advisors Inc. increased its position in Foot Locker by 3.5% in the first quarter. Pacer Advisors Inc. now owns 2,630 shares of the athletic footwear retailer’s stock worth $197,000 after buying an additional 88 shares in the last quarter. Finally, Sawtooth Solutions LLC increased its position in Foot Locker by 2.8% in the first quarter. Sawtooth Solutions LLC now owns 3,457 shares of the athletic footwear retailer’s stock worth $259,000 after buying an additional 94 shares in the last quarter. Institutional investors own 93.49% of the company’s stock.

Foot Locker, Inc. (NYSE:FL) traded down 27.92% during trading on Friday, reaching $34.38. 36,210,981 shares of the company’s stock traded hands. The firm has a 50 day moving average of $48.33 and a 200 day moving average of $63.50. Foot Locker, Inc. has a 1-year low of $34.29 and a 1-year high of $79.43. The firm has a market capitalization of $4.51 billion, a PE ratio of 7.05 and a beta of 0.68.

Foot Locker (NYSE:FL) last announced its quarterly earnings results on Thursday, August 17th. The athletic footwear retailer reported $0.62 earnings per share for the quarter, missing analysts’ consensus estimates of $0.90 by $0.28. The business had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.80 billion. Foot Locker had a net margin of 8.39% and a return on equity of 23.87%. The company’s quarterly revenue was down 4.4% on a year-over-year basis. During the same period last year, the firm earned $0.94 earnings per share. Equities analysts forecast that Foot Locker, Inc. will post $5.07 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, October 27th. Stockholders of record on Friday, October 13th will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Thursday, October 12th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.61%. Foot Locker’s payout ratio is currently 25.36%.

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A number of research analysts have weighed in on the stock. Canaccord Genuity downgraded shares of Foot Locker from a “buy” rating to a “hold” rating in a research report on Friday. Bank of America Corporation downgraded shares of Foot Locker from a “neutral” rating to an “underperform” rating in a research report on Friday. J P Morgan Chase & Co downgraded shares of Foot Locker from an “overweight” rating to a “neutral” rating in a research report on Friday. Wells Fargo & Company downgraded shares of Foot Locker from an “outperform” rating to a “market perform” rating in a research report on Friday. Finally, Deutsche Bank AG downgraded shares of Foot Locker from a “buy” rating to a “hold” rating and set a $72.00 price objective for the company. in a research report on Friday. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and fifteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $72.17.

In other news, Director Jarobin Gilbert, Jr. sold 5,600 shares of the business’s stock in a transaction on Wednesday, May 24th. The shares were sold at an average price of $59.40, for a total transaction of $332,640.00. Following the transaction, the director now directly owns 8,964 shares of the company’s stock, valued at $532,461.60. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 2.90% of the company’s stock.

Foot Locker Company Profile

Foot Locker, Inc is a retailer of shoes and apparel. The Company operates through two segments: Athletic Stores and Direct-to-Customers. The Company is an athletic footwear and apparel retailer, which include businesses, such as include Foot Locker, Kids Foot Locker, Lady Foot Locker, Champs Sports, Footaction, Runners Point, Sidestep and SIX:02.

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

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