Gotham Asset Management LLC Sells 47,951 Shares of Foot Locker, Inc. (NYSE:FL)

Gotham Asset Management LLC decreased its holdings in shares of Foot Locker, Inc. (NYSE:FL) by 79.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 12,083 shares of the athletic footwear retailer’s stock after selling 47,951 shares during the period. Gotham Asset Management LLC’s holdings in Foot Locker were worth $263,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in Foot Locker by 2.0% during the fourth quarter. Vanguard Group Inc. now owns 10,505,006 shares of the athletic footwear retailer’s stock valued at $228,589,000 after buying an additional 210,832 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in Foot Locker by 88.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 5,323,597 shares of the athletic footwear retailer’s stock worth $115,365,000 after purchasing an additional 2,500,396 shares during the last quarter. American Century Companies Inc. lifted its stake in Foot Locker by 5.2% during the fourth quarter. American Century Companies Inc. now owns 1,659,206 shares of the athletic footwear retailer’s stock worth $36,104,000 after purchasing an additional 81,814 shares during the last quarter. Cramer Rosenthal Mcglynn LLC bought a new stake in Foot Locker during the fourth quarter worth about $34,835,000. Finally, Bank of New York Mellon Corp lifted its stake in Foot Locker by 30.4% during the fourth quarter. Bank of New York Mellon Corp now owns 1,429,870 shares of the athletic footwear retailer’s stock worth $31,114,000 after purchasing an additional 333,247 shares during the last quarter.

Foot Locker Stock Up 1.3%

Shares of NYSE:FL opened at $24.14 on Wednesday. Foot Locker, Inc. has a 1 year low of $11.00 and a 1 year high of $33.94. The company has a market cap of $2.30 billion, a PE ratio of -5.35, a P/E/G ratio of 0.53 and a beta of 1.42. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.67 and a quick ratio of 0.45. The stock’s 50-day moving average is $14.07 and its 200 day moving average is $18.63.

Foot Locker (NYSE:FL) last announced its quarterly earnings results on Wednesday, March 5th. The athletic footwear retailer reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.13. Foot Locker had a positive return on equity of 2.91% and a negative net margin of 5.24%. The company had revenue of $2.25 billion for the quarter, compared to the consensus estimate of $2.32 billion. During the same quarter in the previous year, the business earned $0.38 EPS. Foot Locker’s revenue was down 5.7% compared to the same quarter last year. Sell-side analysts anticipate that Foot Locker, Inc. will post 1.23 EPS for the current year.

Analyst Ratings Changes

Several brokerages have issued reports on FL. Gordon Haskett lowered Foot Locker from a “moderate buy” rating to a “hold” rating in a research note on Thursday, May 15th. Piper Sandler dropped their price target on Foot Locker from $19.00 to $12.00 and set a “neutral” rating for the company in a research note on Friday, April 11th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $20.00 price target on shares of Foot Locker in a research note on Thursday, May 15th. Morgan Stanley dropped their price target on Foot Locker from $16.00 to $14.00 and set an “underweight” rating for the company in a research note on Tuesday, May 6th. Finally, The Goldman Sachs Group decreased their price objective on Foot Locker from $19.00 to $17.00 and set a “sell” rating on the stock in a report on Tuesday, April 22nd. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Foot Locker has an average rating of “Hold” and a consensus price target of $21.19.

About Foot Locker

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.