Victory Capital Management Inc. Sells 2,022 Shares of Foot Locker, Inc. (NYSE:FL)

Victory Capital Management Inc. cut its position in shares of Foot Locker, Inc. (NYSE:FL) by 8.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 22,321 shares of the athletic footwear retailer’s stock after selling 2,022 shares during the period. Victory Capital Management Inc.’s holdings in Foot Locker were worth $577,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio bought a new position in shares of Foot Locker during the 1st quarter worth $2,194,000. Renaissance Technologies LLC bought a new position in Foot Locker during the 2nd quarter worth about $1,024,000. Versor Investments LP purchased a new position in Foot Locker during the 3rd quarter valued at about $793,000. Chartwell Investment Partners LLC increased its position in Foot Locker by 2.4% during the 3rd quarter. Chartwell Investment Partners LLC now owns 33,685 shares of the athletic footwear retailer’s stock valued at $870,000 after purchasing an additional 782 shares during the period. Finally, Point72 Asset Management L.P. bought a new stake in shares of Foot Locker in the 2nd quarter valued at about $10,005,000.

Foot Locker Trading Up 3.4 %

Shares of FL stock opened at $25.31 on Friday. The company has a market capitalization of $2.40 billion, a P/E ratio of -6.54, a price-to-earnings-growth ratio of 0.72 and a beta of 1.44. The company has a current ratio of 1.66, a quick ratio of 0.49 and a debt-to-equity ratio of 0.15. The business’s 50 day moving average is $24.40 and its two-hundred day moving average is $25.77. Foot Locker, Inc. has a twelve month low of $20.47 and a twelve month high of $35.60.

Foot Locker (NYSE:FL) last released its earnings results on Wednesday, August 28th. The athletic footwear retailer reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.03. Foot Locker had a positive return on equity of 2.73% and a negative net margin of 4.48%. The company had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.88 billion. Equities analysts forecast that Foot Locker, Inc. will post 1.48 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Barclays upgraded Foot Locker from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $27.00 to $34.00 in a report on Thursday, August 29th. Robert W. Baird dropped their price objective on Foot Locker from $35.00 to $27.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 25th. Citigroup lifted their target price on Foot Locker from $27.00 to $33.00 and gave the company a “neutral” rating in a research note on Tuesday, August 20th. Williams Trading raised shares of Foot Locker from a “sell” rating to a “hold” rating and increased their price target for the company from $17.00 to $21.00 in a research report on Wednesday. Finally, Needham & Company LLC started coverage on shares of Foot Locker in a research report on Friday, November 22nd. They issued a “buy” rating and a $27.00 price objective on the stock. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $26.56.

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.