Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Has $121,000 Stake in Foot Locker, Inc. (FL)

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. reduced its stake in shares of Foot Locker, Inc. (NYSE:FL) by 87.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,518 shares of the athletic footwear retailer’s stock after selling 16,916 shares during the quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Foot Locker were worth $121,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in FL. Smithfield Trust Co. raised its stake in Foot Locker by 276.2% during the 3rd quarter. Smithfield Trust Co. now owns 3,198 shares of the athletic footwear retailer’s stock worth $113,000 after acquiring an additional 2,348 shares in the last quarter. Assetmark Inc. raised its stake in Foot Locker by 205.0% during the 3rd quarter. Assetmark Inc. now owns 3,834 shares of the athletic footwear retailer’s stock worth $135,000 after acquiring an additional 2,577 shares in the last quarter. Exane Derivatives raised its stake in Foot Locker by 110,475.0% during the 3rd quarter. Exane Derivatives now owns 4,423 shares of the athletic footwear retailer’s stock worth $156,000 after acquiring an additional 4,419 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Foot Locker during the 4th quarter worth $188,000. Finally, Cigna Investments Inc. New acquired a new stake in Foot Locker during the 4th quarter worth $217,000. Hedge funds and other institutional investors own 89.78% of the company’s stock.

Shares of Foot Locker, Inc. (FL) opened at $48.58 on Thursday. The firm has a market cap of $5,653.00, a PE ratio of 11.05, a PEG ratio of 2.17 and a beta of 0.80. The company has a quick ratio of 2.09, a current ratio of 4.41 and a debt-to-equity ratio of 0.05. Foot Locker, Inc. has a fifty-two week low of $28.42 and a fifty-two week high of $77.86.

Foot Locker (NYSE:FL) last announced its quarterly earnings data on Friday, November 17th. The athletic footwear retailer reported $0.87 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.07. Foot Locker had a net margin of 6.79% and a return on equity of 19.96%. The firm had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.82 billion. During the same quarter last year, the business earned $1.13 earnings per share. The business’s revenue for the quarter was down .8% compared to the same quarter last year. sell-side analysts expect that Foot Locker, Inc. will post 4.1 EPS for the current year.

In related news, SVP Giovanna Cipriano sold 21,000 shares of the firm’s stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $50.05, for a total value of $1,051,050.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Matthew M. Mckenna sold 10,899 shares of the firm’s stock in a transaction dated Tuesday, January 9th. The shares were sold at an average price of $45.82, for a total transaction of $499,392.18. Following the completion of the sale, the director now owns 35,000 shares of the company’s stock, valued at approximately $1,603,700. The disclosure for this sale can be found here. Insiders sold 56,899 shares of company stock valued at $2,801,692 in the last quarter. Company insiders own 2.90% of the company’s stock.

Several brokerages have issued reports on FL. Jefferies Group set a $61.00 price objective on shares of Foot Locker and gave the stock a “buy” rating in a research report on Friday, November 17th. Deutsche Bank raised shares of Foot Locker from a “hold” rating to a “buy” rating and raised their price objective for the stock from $38.00 to $45.00 in a research report on Friday, November 17th. Citigroup raised their price objective on shares of Foot Locker from $40.00 to $47.00 and gave the stock a “buy” rating in a research report on Monday, November 20th. ValuEngine raised shares of Foot Locker from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Finally, Canaccord Genuity raised shares of Foot Locker from a “hold” rating to a “buy” rating and raised their price objective for the stock from $42.00 to $64.00 in a research report on Friday, December 15th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $56.15.

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About Foot Locker

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.

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

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