Charles Schwab Investment Management Inc. Purchases 30,981 Shares of Foot Locker, Inc. $FL

Charles Schwab Investment Management Inc. raised its holdings in shares of Foot Locker, Inc. (NYSE:FL) by 2.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,207,430 shares of the athletic footwear retailer’s stock after purchasing an additional 30,981 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.27% of Foot Locker worth $17,025,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of FL. Jacobs Levy Equity Management Inc. grew its stake in shares of Foot Locker by 67.9% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 1,906,406 shares of the athletic footwear retailer’s stock worth $41,483,000 after acquiring an additional 770,932 shares in the last quarter. Voloridge Investment Management LLC grew its stake in shares of Foot Locker by 66.8% in the 4th quarter. Voloridge Investment Management LLC now owns 737,299 shares of the athletic footwear retailer’s stock worth $16,044,000 after acquiring an additional 295,243 shares in the last quarter. Bayberry Capital Partners LP bought a new stake in shares of Foot Locker in the 4th quarter worth $6,352,000. Twinbeech Capital LP bought a new stake in shares of Foot Locker in the 4th quarter worth $5,715,000. Finally, Segall Bryant & Hamill LLC grew its stake in shares of Foot Locker by 26.4% in the 1st quarter. Segall Bryant & Hamill LLC now owns 1,082,713 shares of the athletic footwear retailer’s stock worth $15,266,000 after acquiring an additional 226,111 shares in the last quarter.

Insider Buying and Selling at Foot Locker

In other news, CAO Giovanna Cipriano sold 22,383 shares of the company’s stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $24.90, for a total transaction of $557,336.70. Following the sale, the chief accounting officer directly owned 93,895 shares in the company, valued at $2,337,985.50. This represents a 19.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.89% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

FL has been the subject of several recent analyst reports. Morgan Stanley reduced their target price 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. Barclays downgraded shares of Foot Locker from an “overweight” rating to an “equal weight” rating in a report on Thursday, May 29th. Telsey Advisory Group reissued a “market perform” rating and issued a $24.00 price target on shares of Foot Locker in a report on Friday, May 30th. Needham & Company LLC set a $24.00 price target on shares of Foot Locker in a report on Thursday, May 29th. Finally, Citigroup boosted their price target on shares of Foot Locker from $20.00 to $24.00 and gave the stock a “neutral” rating in a report on Friday, May 16th. Two equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Foot Locker currently has an average rating of “Hold” and a consensus target price of $21.20.

Foot Locker Price Performance

NYSE FL opened at $26.4150 on Friday. The company has a market cap of $2.52 billion, a PE ratio of -7.01, a price-to-earnings-growth ratio of 2.16 and a beta of 1.75. Foot Locker, Inc. has a 52 week low of $11.00 and a 52 week high of $33.94. The company has a quick ratio of 0.49, a current ratio of 1.64 and a debt-to-equity ratio of 0.17. The firm’s 50-day simple moving average is $25.00 and its two-hundred day simple moving average is $19.83.

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

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.