Axa S.A. Has $2.34 Million Stock Position in Foot Locker, Inc. (NYSE:FL)

Axa S.A. cut its holdings in Foot Locker, Inc. (NYSE:FL) by 34.5% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 93,777 shares of the athletic footwear retailer’s stock after selling 49,425 shares during the period. Axa S.A. owned about 0.10% of Foot Locker worth $2,337,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Fifth Third Bancorp boosted its holdings in shares of Foot Locker by 116.0% in the 2nd quarter. Fifth Third Bancorp now owns 1,365 shares of the athletic footwear retailer’s stock valued at $34,000 after buying an additional 733 shares during the last quarter. Headlands Technologies LLC acquired a new stake in Foot Locker in the second quarter valued at $43,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Foot Locker in the second quarter valued at $61,000. Covestor Ltd grew its position in shares of Foot Locker by 43,900.0% in the 1st quarter. Covestor Ltd now owns 2,200 shares of the athletic footwear retailer’s stock valued at $63,000 after acquiring an additional 2,195 shares during the period. Finally, Innealta Capital LLC acquired a new position in shares of Foot Locker during the 2nd quarter worth about $91,000.

Foot Locker Price Performance

Shares of NYSE FL opened at $25.84 on Tuesday. The company has a market capitalization of $2.45 billion, a PE ratio of -6.82, a P/E/G ratio of 0.64 and a beta of 1.44. The company has a quick ratio of 0.49, a current ratio of 1.66 and a debt-to-equity ratio of 0.15. Foot Locker, Inc. has a twelve month low of $17.19 and a twelve month high of $35.60. The firm has a fifty day simple moving average of $28.69 and a 200 day simple moving average of $25.69.

Foot Locker (NYSE:FL) last posted its quarterly earnings data on Wednesday, August 28th. The athletic footwear retailer reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.03. Foot Locker had a positive return on equity of 2.73% and a negative net margin of 4.48%. The firm had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.88 billion. On average, sell-side analysts forecast that Foot Locker, Inc. will post 1.51 EPS for the current year.

Analysts Set New Price Targets

FL has been the subject of a number of recent analyst reports. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $27.00 price objective on shares of Foot Locker in a research report on Wednesday, August 28th. Morgan Stanley downgraded Foot Locker from an “equal weight” rating to an “underweight” rating and cut their price target for the company from $24.00 to $18.00 in a report on Thursday, July 18th. Wedbush reiterated a “neutral” rating and issued a $25.00 price objective on shares of Foot Locker in a report on Wednesday, June 12th. Barclays upgraded shares of Foot Locker from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $27.00 to $34.00 in a research note on Thursday, August 29th. Finally, StockNews.com lowered shares of Foot Locker from a “hold” rating to a “sell” rating in a research note on Friday, September 20th. Five 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, the stock presently has a consensus rating of “Hold” and an average price target of $25.87.

Insider Buying and Selling at Foot Locker

In other news, major shareholder Vesa Equity Investment S.A R.L sold 246,886 shares of the business’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $32.93, for a total transaction of $8,129,955.98. Following the completion of the sale, the insider now owns 11,146,292 shares in the company, valued at $367,047,395.56. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Over the last ninety days, insiders sold 787,566 shares of company stock valued at $26,090,866. Corporate insiders own 1.20% of the company’s stock.

Foot Locker Profile

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.