Vontobel Holding Ltd. Grows Position in Foot Locker, Inc. (NYSE:FL)

Vontobel Holding Ltd. raised its holdings in shares of Foot Locker, Inc. (NYSE:FL) by 55.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 46,847 shares of the athletic footwear retailer’s stock after acquiring an additional 16,618 shares during the quarter. Vontobel Holding Ltd.’s holdings in Foot Locker were worth $661,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bank of New York Mellon Corp increased its holdings in shares of Foot Locker by 30.4% in 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. Proficio Capital Partners LLC bought a new position in Foot Locker in the fourth quarter worth approximately $241,000. Smartleaf Asset Management LLC grew its stake in Foot Locker by 198.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,876 shares of the athletic footwear retailer’s stock worth $63,000 after purchasing an additional 1,911 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Foot Locker by 5.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,176,449 shares of the athletic footwear retailer’s stock worth $25,600,000 after purchasing an additional 62,866 shares in the last quarter. Finally, Keybank National Association OH purchased a new stake in Foot Locker during the fourth quarter worth $213,000.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on FL shares. Needham & Company LLC set a $24.00 price objective on Foot Locker in a report on Thursday, May 29th. Evercore ISI decreased their price target on shares of Foot Locker from $22.00 to $15.00 and set an “outperform” rating on the stock in a research note on Friday, April 11th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $24.00 price target on shares of Foot Locker in a research note on Friday, May 30th. JPMorgan Chase & Co. raised shares of Foot Locker from an “underweight” rating to a “neutral” rating and raised their target price for the stock from $16.00 to $24.00 in a research note on Thursday, May 15th. Finally, Piper Sandler decreased their target price on shares of Foot Locker from $19.00 to $12.00 and set a “neutral” rating on the stock in a research note on Friday, April 11th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $21.20.

Foot Locker Stock Down 0.1%

Shares of NYSE FL opened at $24.74 on Monday. The firm has a market cap of $2.36 billion, a price-to-earnings ratio of -6.56, a PEG ratio of 2.07 and a beta of 1.72. The company has a quick ratio of 0.49, a current ratio of 1.64 and a debt-to-equity ratio of 0.17. Foot Locker, Inc. has a 52-week low of $11.00 and a 52-week high of $33.94. The business’s 50 day moving average is $21.07 and its two-hundred day moving average is $18.76.

Foot Locker (NYSE:FL) last posted its quarterly earnings data on Thursday, May 29th. The athletic footwear retailer reported ($0.07) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.07). Foot Locker had a positive return on equity of 3.65% and a negative net margin of 4.54%. The business had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same quarter in the prior year, the company earned $0.22 earnings per share. The company’s revenue was down 4.6% on a year-over-year basis. Research analysts predict that Foot Locker, Inc. will post 1.23 EPS for the current year.

Insider Buying and Selling

In related news, CAO Giovanna Cipriano sold 22,383 shares of the stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $24.90, for a total value of $557,336.70. Following the transaction, the chief accounting officer owned 93,895 shares of the company’s stock, valued at $2,337,985.50. This represents a 19.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 1.20% of the stock is owned by company insiders.

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.