State of Alaska Department of Revenue Has $1.21 Million Holdings in Foot Locker, Inc. $FL

State of Alaska Department of Revenue raised its position in Foot Locker, Inc. (NYSE:FL) by 8.3% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 49,489 shares of the athletic footwear retailer’s stock after acquiring an additional 3,775 shares during the period. State of Alaska Department of Revenue owned approximately 0.05% of Foot Locker worth $1,212,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in FL. GAMMA Investing LLC grew its stake in Foot Locker by 4,843.0% in the first quarter. GAMMA Investing LLC now owns 34,799 shares of the athletic footwear retailer’s stock valued at $491,000 after acquiring an additional 34,095 shares during the period. SG Americas Securities LLC boosted its position in shares of Foot Locker by 1,391.0% during the first quarter. SG Americas Securities LLC now owns 98,301 shares of the athletic footwear retailer’s stock valued at $1,386,000 after buying an additional 91,708 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its position in shares of Foot Locker by 42.9% during the first quarter. Oppenheimer Asset Management Inc. now owns 33,283 shares of the athletic footwear retailer’s stock valued at $469,000 after buying an additional 9,985 shares during the last quarter. Peregrine Capital Management LLC boosted its position in shares of Foot Locker by 21.9% during the first quarter. Peregrine Capital Management LLC now owns 287,040 shares of the athletic footwear retailer’s stock valued at $4,047,000 after buying an additional 51,617 shares during the last quarter. Finally, Vontobel Holding Ltd. boosted its position in shares of Foot Locker by 55.0% during the first quarter. Vontobel Holding Ltd. now owns 46,847 shares of the athletic footwear retailer’s stock valued at $661,000 after buying an additional 16,618 shares during the last quarter.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on FL. Zacks Research raised Foot Locker from a “strong sell” rating to a “hold” rating in a research report on Monday, August 18th. Wall Street Zen cut Foot Locker to a “strong sell” rating in a research report on Saturday, August 30th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $24.00 target price on shares of Foot Locker in a research report on Tuesday, September 9th. Robert W. Baird lifted their target price on Foot Locker from $24.00 to $26.00 and gave the company a “neutral” rating in a research report on Thursday, August 28th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Foot Locker in a research report on Wednesday, August 27th. Two research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $21.33.

Foot Locker Stock Performance

Shares of FL opened at $24.03 on Friday. The firm has a market cap of $2.30 billion, a PE ratio of -5.96, a PEG ratio of 2.17 and a beta of 1.79. The stock’s fifty day moving average price is $24.78 and its two-hundred day moving average price is $21.18. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.59 and a quick ratio of 0.45. Foot Locker, Inc. has a 1 year low of $11.00 and a 1 year high of $29.24.

Foot Locker (NYSE:FL) last issued its earnings results on Wednesday, August 27th. The athletic footwear retailer reported ($0.27) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.32). The firm had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.87 billion. Foot Locker had a negative net margin of 4.90% and a positive return on equity of 2.92%. The business’s quarterly revenue was down 2.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.05) earnings per share. On average, equities research analysts forecast that Foot Locker, Inc. will post 1.23 EPS for the current year.

Insider Activity

In other Foot Locker news, President Franklin Bracken sold 14,922 shares of the business’s stock in a transaction on Friday, August 29th. The stock was sold at an average price of $24.50, for a total value of $365,589.00. Following the sale, the president directly owned 213,496 shares in the company, valued at $5,230,652. The trade was a 6.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.20% of the stock is currently owned by insiders.

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.