Foot Locker, Inc. $FL Shares Sold by Swiss National Bank

Swiss National Bank lowered its holdings in shares of Foot Locker, Inc. (NYSE:FL) by 0.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 165,500 shares of the athletic footwear retailer’s stock after selling 1,500 shares during the period. Swiss National Bank owned approximately 0.17% of Foot Locker worth $2,334,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Jacobs Levy Equity Management Inc. increased its holdings in shares of Foot Locker by 67.9% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 1,906,406 shares of the athletic footwear retailer’s stock valued at $41,483,000 after purchasing an additional 770,932 shares during the period. Voloridge Investment Management LLC grew its position in 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 valued at $16,044,000 after buying an additional 295,243 shares in the last quarter. Bayberry Capital Partners LP acquired a new position in Foot Locker during the 4th quarter valued at about $6,352,000. Twinbeech Capital LP acquired a new position in Foot Locker during the 4th quarter valued at about $5,715,000. Finally, Segall Bryant & Hamill LLC raised its position in shares of Foot Locker by 26.4% during 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 buying an additional 226,111 shares in the last quarter.

Insider Activity at Foot Locker

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

Foot Locker Stock Performance

Shares of NYSE FL opened at $26.4150 on Friday. The stock’s fifty day simple moving average is $25.00 and its 200 day simple moving average is $19.83. The stock has a market capitalization of $2.52 billion, a price-to-earnings ratio of -7.01, a PEG ratio of 2.16 and a beta of 1.75. 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.

Foot Locker (NYSE:FL) last released its quarterly earnings results on Thursday, May 29th. The athletic footwear retailer reported ($0.07) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.07). The business had revenue of $1.79 billion during 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%.Foot Locker’s revenue for the quarter was down 4.6% on a year-over-year basis. During the same quarter last year, the company posted $0.22 EPS. As a group, sell-side analysts forecast that Foot Locker, Inc. will post 1.23 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on FL shares. Morgan Stanley decreased their price objective on shares of Foot Locker from $16.00 to $14.00 and set an “underweight” rating for the company in a report on Tuesday, May 6th. Needham & Company LLC set a $24.00 price target on Foot Locker in a research note on Thursday, May 29th. Citigroup lifted their price target on Foot Locker from $20.00 to $24.00 and gave the company a “neutral” rating in a research report on Friday, May 16th. Telsey Advisory Group reissued a “market perform” rating and issued a $24.00 price objective on shares of Foot Locker in a research note on Friday, May 30th. Finally, Gordon Haskett cut Foot Locker from a “moderate buy” rating to a “hold” rating in a research note on Thursday, May 15th. Two research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Foot Locker currently has an average rating of “Hold” and a consensus target price of $21.20.

Foot Locker Company 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.