Dimensional Fund Advisors LP lowered its holdings in shares of Foot Locker, Inc. (NYSE:FL – Free Report) by 14.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,000,622 shares of the athletic footwear retailer’s stock after selling 863,874 shares during the quarter. Dimensional Fund Advisors LP owned about 5.32% of Foot Locker worth $135,567,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. Advisors Asset Management Inc. raised its holdings in Foot Locker by 68.3% in the 1st quarter. Advisors Asset Management Inc. now owns 1,336 shares of the athletic footwear retailer’s stock worth $40,000 after acquiring an additional 542 shares during the period. Parkside Financial Bank & Trust grew its position in Foot Locker by 73.9% in the 1st quarter. Parkside Financial Bank & Trust now owns 1,337 shares of the athletic footwear retailer’s stock worth $53,000 after purchasing an additional 568 shares during the last quarter. Sunbelt Securities Inc. acquired a new stake in Foot Locker in the 1st quarter worth $56,000. Geneos Wealth Management Inc. acquired a new stake in Foot Locker in the 2nd quarter worth $42,000. Finally, National Bank of Canada FI grew its position in Foot Locker by 200.5% in the 2nd quarter. National Bank of Canada FI now owns 1,641 shares of the athletic footwear retailer’s stock worth $44,000 after purchasing an additional 1,095 shares during the last quarter.
Analysts Set New Price Targets
Several analysts have issued reports on the stock. UBS Group decreased their price target on shares of Foot Locker from $22.00 to $11.00 and set a “sell” rating on the stock in a research report on Thursday, August 24th. Barclays decreased their price target on shares of Foot Locker from $31.00 to $17.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 24th. Bank of America decreased their price target on shares of Foot Locker from $29.00 to $18.00 and set a “neutral” rating on the stock in a research report on Thursday, August 24th. JPMorgan Chase & Co. lowered shares of Foot Locker from a “neutral” rating to an “underweight” rating and decreased their target price for the company from $20.00 to $17.00 in a research report on Tuesday, October 24th. Finally, Morgan Stanley decreased their target price on shares of Foot Locker from $30.00 to $21.00 and set an “equal weight” rating on the stock in a research report on Friday, August 25th. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $26.40.
Insider Transactions at Foot Locker
In related news, CEO Mary N. Dillon acquired 5,510 shares of the stock in a transaction dated Friday, September 8th. The stock was bought at an average price of $18.17 per share, with a total value of $100,116.70. Following the completion of the transaction, the chief executive officer now directly owns 27,649 shares of the company’s stock, valued at $502,382.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.20% of the stock is owned by insiders.
Foot Locker Trading Up 5.0 %
FL opened at $23.27 on Tuesday. The firm’s fifty day moving average is $19.95 and its two-hundred day moving average is $24.14. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.37 and a current ratio of 1.63. The firm has a market cap of $2.19 billion, a PE ratio of 15.11 and a beta of 1.26. Foot Locker, Inc. has a twelve month low of $14.84 and a twelve month high of $47.22.
Foot Locker (NYSE:FL – Get Free Report) last posted its earnings results on Wednesday, August 23rd. The athletic footwear retailer reported $0.04 earnings per share for the quarter, hitting the consensus estimate of $0.04. The company had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.88 billion. Foot Locker had a net margin of 1.76% and a return on equity of 8.65%. The business’s revenue for the quarter was down 9.9% compared to the same quarter last year. During the same period last year, the business posted $1.10 earnings per share. Equities research analysts anticipate that Foot Locker, Inc. will post 1.3 EPS for the current 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 youth culture 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.
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