Foot Locker, Inc. (NYSE:FL) Shares Bought by Principal Financial Group Inc.

Principal Financial Group Inc. grew its holdings in shares of Foot Locker, Inc. (NYSE:FL) by 2.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 411,173 shares of the athletic footwear retailer’s stock after purchasing an additional 10,940 shares during the period. Principal Financial Group Inc. owned approximately 0.43% of Foot Locker worth $5,798,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Harbour Investments Inc. boosted its stake in Foot Locker by 81.6% during the fourth quarter. Harbour Investments Inc. now owns 1,442 shares of the athletic footwear retailer’s stock valued at $31,000 after buying an additional 648 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in Foot Locker in the 4th quarter valued at about $32,000. GAMMA Investing LLC grew its stake in shares of Foot Locker by 250.6% in the 1st quarter. GAMMA Investing LLC now owns 2,468 shares of the athletic footwear retailer’s stock worth $35,000 after purchasing an additional 1,764 shares during the last quarter. Sterling Capital Management LLC raised its holdings in shares of Foot Locker by 819.2% in the 4th quarter. Sterling Capital Management LLC now owns 2,629 shares of the athletic footwear retailer’s stock worth $57,000 after purchasing an additional 2,343 shares in the last quarter. Finally, Pingora Partners LLC bought a new stake in shares of Foot Locker in the 4th quarter worth approximately $61,000.

Insider Buying and Selling

In related news, CAO Giovanna Cipriano sold 22,383 shares of the stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $24.90, for a total transaction of $557,336.70. Following the completion of the sale, the chief accounting officer owned 93,895 shares in the company, valued at $2,337,985.50. This represents a 19.25% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.89% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

FL has been the topic of several research reports. JPMorgan Chase & Co. raised Foot Locker from an “underweight” rating to a “neutral” rating and upped their price target for the company from $16.00 to $24.00 in a report on Thursday, May 15th. Robert W. Baird set a $24.00 price target on Foot Locker in a research report on Thursday, May 29th. Gordon Haskett cut Foot Locker from a “moderate buy” rating to a “hold” rating in a research note on Thursday, May 15th. Morgan Stanley reduced their price objective on shares of 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, Barclays downgraded shares of Foot Locker from an “overweight” rating to an “equal weight” rating in a research report on Thursday, May 29th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Foot Locker currently has an average rating of “Hold” and a consensus target price of $21.20.

Foot Locker Trading Down 0.4%

Shares of NYSE:FL opened at $24.79 on Thursday. The company has a current ratio of 1.64, a quick ratio of 0.49 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $2.37 billion, a PE ratio of -6.57, a P/E/G ratio of 2.08 and a beta of 1.72. Foot Locker, Inc. has a 1 year low of $11.00 and a 1 year high of $33.94. The firm has a fifty day moving average price of $23.08 and a 200 day moving average price of $18.96.

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

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.