Goldman Sachs Group Inc. Sells 74,876 Shares of Foot Locker, Inc. (NYSE:FL)

Goldman Sachs Group Inc. lowered its position in Foot Locker, Inc. (NYSE:FLFree Report) by 2.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 3,407,389 shares of the athletic footwear retailer’s stock after selling 74,876 shares during the quarter. Goldman Sachs Group Inc. owned about 3.62% of Foot Locker worth $106,140,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. New York State Common Retirement Fund increased its stake in shares of Foot Locker by 1.1% in the fourth quarter. New York State Common Retirement Fund now owns 33,635 shares of the athletic footwear retailer’s stock worth $1,048,000 after purchasing an additional 353 shares in the last quarter. SummerHaven Investment Management LLC grew its stake in Foot Locker by 1.4% in the 4th quarter. SummerHaven Investment Management LLC now owns 26,662 shares of the athletic footwear retailer’s stock valued at $831,000 after buying an additional 358 shares in the last quarter. Yousif Capital Management LLC raised its holdings in Foot Locker by 0.9% during the 4th quarter. Yousif Capital Management LLC now owns 44,686 shares of the athletic footwear retailer’s stock valued at $1,392,000 after acquiring an additional 380 shares during the period. CWM LLC lifted its position in shares of Foot Locker by 26.7% during the fourth quarter. CWM LLC now owns 1,836 shares of the athletic footwear retailer’s stock worth $57,000 after acquiring an additional 387 shares in the last quarter. Finally, Signaturefd LLC lifted its position in shares of Foot Locker by 10.0% during the fourth quarter. Signaturefd LLC now owns 5,799 shares of the athletic footwear retailer’s stock worth $181,000 after acquiring an additional 527 shares in the last quarter.

Wall Street Analyst Weigh In

FL has been the topic of a number of analyst reports. Telsey Advisory Group reiterated a “market perform” rating and set a $26.00 price objective on shares of Foot Locker in a research note on Thursday, May 30th. StockNews.com upgraded shares of Foot Locker from a “sell” rating to a “hold” rating in a research report on Saturday, June 1st. Bank of America decreased their target price on shares of Foot Locker from $31.00 to $27.00 and set a “neutral” rating on the stock in a report on Thursday, March 7th. Piper Sandler cut their price target on shares of Foot Locker from $37.00 to $31.00 and set an “overweight” rating for the company in a report on Thursday, March 7th. Finally, Citigroup raised shares of Foot Locker from a “sell” rating to a “neutral” rating and upped their price target for the stock from $19.00 to $24.00 in a report on Friday, March 22nd. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $24.80.

Read Our Latest Stock Analysis on Foot Locker

Foot Locker Trading Down 0.8 %

NYSE:FL opened at $25.68 on Monday. Foot Locker, Inc. has a 1-year low of $14.84 and a 1-year high of $35.60. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.50 and a current ratio of 1.68. The business has a 50 day moving average of $23.31 and a 200 day moving average of $26.87.

Foot Locker (NYSE:FLGet Free Report) last announced its quarterly earnings data on Thursday, May 30th. The athletic footwear retailer reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.10. The company had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.88 billion. Foot Locker had a negative net margin of 4.41% and a positive return on equity of 2.91%. The firm’s revenue was down 2.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.70 EPS. As a group, research analysts anticipate that Foot Locker, Inc. will post 1.55 earnings per share for the current fiscal year.

About Foot Locker

(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 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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