Patriot Financial Group Insurance Agency LLC Sells 4,359 Shares of Foot Locker, Inc. (NYSE:FL)

Patriot Financial Group Insurance Agency LLC reduced its position in shares of Foot Locker, Inc. (NYSE:FLFree Report) by 32.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,173 shares of the athletic footwear retailer’s stock after selling 4,359 shares during the period. Patriot Financial Group Insurance Agency LLC’s holdings in Foot Locker were worth $286,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in Foot Locker by 9.6% during the third quarter. Vanguard Group Inc. now owns 10,292,817 shares of the athletic footwear retailer’s stock worth $178,580,000 after buying an additional 902,610 shares during the last quarter. BlackRock Inc. increased its holdings in Foot Locker by 2.1% during the second quarter. BlackRock Inc. now owns 9,590,499 shares of the athletic footwear retailer’s stock worth $259,998,000 after buying an additional 200,799 shares during the last quarter. Macquarie Group Ltd. increased its holdings in Foot Locker by 7,437.5% during the first quarter. Macquarie Group Ltd. now owns 3,678,300 shares of the athletic footwear retailer’s stock worth $145,992,000 after buying an additional 3,629,500 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in Foot Locker by 14.9% during the second quarter. Goldman Sachs Group Inc. now owns 3,485,651 shares of the athletic footwear retailer’s stock worth $94,496,000 after buying an additional 451,050 shares during the last quarter. Finally, Morgan Stanley increased its holdings in Foot Locker by 59.1% during the third quarter. Morgan Stanley now owns 3,446,965 shares of the athletic footwear retailer’s stock worth $59,805,000 after buying an additional 1,280,389 shares during the last quarter.

Analyst Ratings Changes

FL has been the subject of a number of research analyst reports. Telsey Advisory Group restated a “market perform” rating and set a $28.00 price objective (down previously from $38.00) on shares of Foot Locker in a report on Thursday, March 7th. Morgan Stanley reduced their target price on shares of Foot Locker from $28.00 to $26.00 and set an “equal weight” rating for the company in a research note on Thursday, March 7th. UBS Group upgraded shares of Foot Locker from a “sell” rating to a “neutral” rating and lifted their target price for the stock from $12.00 to $23.00 in a research note on Monday, March 11th. Jefferies Financial Group reduced their target price on shares of Foot Locker from $25.00 to $24.00 and set a “hold” rating for the company in a research note on Wednesday, March 6th. Finally, Piper Sandler reduced their target price on shares of Foot Locker from $37.00 to $31.00 and set an “overweight” rating for the company in a research note on Thursday, March 7th. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $24.94.

View Our Latest Stock Analysis on Foot Locker

Foot Locker Price Performance

Shares of Foot Locker stock opened at $28.50 on Monday. Foot Locker, Inc. has a 1 year low of $14.84 and a 1 year high of $42.79. The company has a current ratio of 1.72, a quick ratio of 0.55 and a debt-to-equity ratio of 0.15. The company has a 50 day simple moving average of $28.78 and a two-hundred day simple moving average of $25.76.

Foot Locker (NYSE:FLGet Free Report) last announced its earnings results on Wednesday, March 6th. The athletic footwear retailer reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.04. Foot Locker had a negative net margin of 4.04% and a positive return on equity of 4.25%. The business had revenue of $2.38 billion during the quarter, compared to analyst estimates of $2.28 billion. Foot Locker’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.97 earnings per share. As a group, research analysts anticipate that Foot Locker, Inc. will post 1.56 earnings per share for the current fiscal year.

Foot Locker Company Profile

(Free Report)

Foot Locker, Inc, through its subsidiaries, operates as a footwear and apparel retailer in North America, Europe, Australia, New Zealand, Asia, and the Middle East. Its brand portfolio includes Foot Locker, a youth culture brand comprising sneakers and apparel; Kids Foot Locker, which offers athletic footwear, apparel, and accessories for children; and Champs Sports that operates as a mall-based specialty athletic footwear and apparel retailer.

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

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