Victory Capital Management Inc. Sells 36,033 Shares of Foot Locker, Inc. (NYSE:FL)

Victory Capital Management Inc. reduced its position in shares of Foot Locker, Inc. (NYSE:FL) by 59.7% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 24,343 shares of the athletic footwear retailer’s stock after selling 36,033 shares during the period. Victory Capital Management Inc.’s holdings in Foot Locker were worth $607,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Rhumbline Advisers increased its position in Foot Locker by 0.7% in the 2nd quarter. Rhumbline Advisers now owns 268,910 shares of the athletic footwear retailer’s stock valued at $6,701,000 after acquiring an additional 1,756 shares in the last quarter. Natixis Advisors LLC increased its position in Foot Locker by 7.0% in the 2nd quarter. Natixis Advisors LLC now owns 11,813 shares of the athletic footwear retailer’s stock valued at $294,000 after acquiring an additional 775 shares in the last quarter. Innealta Capital LLC acquired a new stake in Foot Locker in the 2nd quarter valued at about $91,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Foot Locker by 7.4% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,855 shares of the athletic footwear retailer’s stock valued at $470,000 after acquiring an additional 1,294 shares in the last quarter. Finally, Patriot Financial Group Insurance Agency LLC increased its position in Foot Locker by 3.1% in the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 14,235 shares of the athletic footwear retailer’s stock valued at $355,000 after acquiring an additional 431 shares in the last quarter.

Foot Locker Stock Down 1.9 %

Shares of NYSE FL opened at $28.35 on Monday. The stock has a market cap of $2.69 billion, a P/E ratio of -7.48, a P/E/G ratio of 0.65 and a beta of 1.44. The firm has a 50 day moving average price of $28.55 and a 200 day moving average price of $25.57. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.49 and a current ratio of 1.66. Foot Locker, Inc. has a 52-week low of $16.68 and a 52-week high of $35.60.

Foot Locker (NYSE:FL) last issued its quarterly earnings data on Wednesday, August 28th. The athletic footwear retailer reported ($0.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.03. Foot Locker had a negative net margin of 4.48% and a positive return on equity of 2.73%. The firm had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.88 billion. Analysts expect that Foot Locker, Inc. will post 1.51 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have weighed in on FL shares. Wedbush restated a “neutral” rating and issued a $25.00 price objective on shares of Foot Locker in a research report on Wednesday, June 12th. Evercore ISI lifted their price target on shares of Foot Locker from $34.00 to $38.00 and gave the stock an “outperform” rating in a research report on Monday, August 26th. Morgan Stanley cut shares of Foot Locker from an “equal weight” rating to an “underweight” rating and lowered their price target for the stock from $24.00 to $18.00 in a research report on Thursday, July 18th. Citigroup lifted their price target on shares of Foot Locker from $27.00 to $33.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 20th. Finally, StockNews.com cut shares of Foot Locker from a “hold” rating to a “sell” rating in a research report on Friday. Five investment analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $26.40.

Insider Buying and Selling at Foot Locker

In other Foot Locker news, major shareholder Vesa Equity Investment S.A R.L sold 1,500 shares of Foot Locker stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $32.90, for a total value of $49,350.00. Following the transaction, the insider now owns 11,402,353 shares of the company’s stock, valued at $375,137,413.70. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last quarter, insiders have sold 787,566 shares of company stock valued at $26,090,866. 1.20% of the stock is currently owned by corporate insiders.

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 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.