Teacher Retirement System of Texas Takes Position in Foot Locker, Inc. (NYSE:FL)

Teacher Retirement System of Texas acquired a new stake in shares of Foot Locker, Inc. (NYSE:FL) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 12,485 shares of the athletic footwear retailer’s stock, valued at approximately $176,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Ameriprise Financial Inc. raised its stake in Foot Locker by 66.5% in the 4th quarter. Ameriprise Financial Inc. now owns 541,659 shares of the athletic footwear retailer’s stock worth $11,786,000 after acquiring an additional 216,352 shares during the last quarter. Renaissance Technologies LLC purchased a new position in Foot Locker in the 4th quarter worth $5,473,000. Sei Investments Co. raised its stake in Foot Locker by 140.8% in the 4th quarter. Sei Investments Co. now owns 412,988 shares of the athletic footwear retailer’s stock worth $8,987,000 after acquiring an additional 241,504 shares during the last quarter. Vontobel Holding Ltd. raised its stake in Foot Locker by 55.0% in the 1st quarter. Vontobel Holding Ltd. now owns 46,847 shares of the athletic footwear retailer’s stock worth $661,000 after acquiring an additional 16,618 shares during the last quarter. Finally, GAMMA Investing LLC raised its stake in 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 acquiring an additional 1,764 shares during the last quarter.

Foot Locker Stock Up 0.3%

FL stock opened at $25.19 on Monday. The firm has a market cap of $2.40 billion, a PE ratio of -6.68, a PEG ratio of 2.10 and a beta of 1.72. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.49 and a current ratio of 1.64. The firm’s 50 day moving average price is $23.60 and its 200-day moving average price is $18.96. Foot Locker, Inc. has a one year low of $11.00 and a one year high of $33.94.

Foot Locker (NYSE:FL) last announced its earnings results on Thursday, May 29th. The athletic footwear retailer reported ($0.07) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.07). The company had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.86 billion. Foot Locker had a positive return on equity of 3.65% and a negative net margin of 4.54%. The firm’s quarterly revenue was down 4.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.22 earnings per share. On average, equities research analysts anticipate that Foot Locker, Inc. will post 1.23 EPS for the current year.

Insider Activity at Foot Locker

In related news, CAO Giovanna Cipriano sold 22,383 shares of the business’s stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $24.90, for a total transaction of $557,336.70. Following the completion of the transaction, the chief accounting officer owned 93,895 shares in the company, valued at approximately $2,337,985.50. The trade was a 19.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.20% of the company’s stock.

Wall Street Analyst Weigh In

FL has been the topic of a number of analyst reports. The Goldman Sachs Group dropped their target price on Foot Locker from $19.00 to $17.00 and set a “sell” rating on the stock in a research report on Tuesday, April 22nd. Barclays cut Foot Locker from an “overweight” rating to an “equal weight” rating in a research report on Thursday, May 29th. Evercore ISI dropped their target price on Foot Locker from $22.00 to $15.00 and set an “outperform” rating on the stock in a research report on Friday, April 11th. Piper Sandler dropped their target price on Foot Locker from $19.00 to $12.00 and set a “neutral” rating on the stock in a research report on Friday, April 11th. Finally, Needham & Company LLC set a $24.00 target price on Foot Locker in a research report on Thursday, May 29th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $21.20.

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.