Nisa Investment Advisors LLC Sells 10,340 Shares of Foot Locker, Inc. (NYSE:FL)

Nisa Investment Advisors LLC trimmed its position in shares of Foot Locker, Inc. (NYSE:FL) by 25.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 30,815 shares of the athletic footwear retailer’s stock after selling 10,340 shares during the period. Nisa Investment Advisors LLC’s holdings in Foot Locker were worth $671,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Geode Capital Management LLC lifted its stake in shares of Foot Locker by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,908,253 shares of the athletic footwear retailer’s stock valued at $49,319,000 after acquiring an additional 25,394 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its stake in shares of Foot Locker by 10.3% during the third quarter. Jacobs Levy Equity Management Inc. now owns 1,135,474 shares of the athletic footwear retailer’s stock valued at $29,341,000 after purchasing an additional 106,402 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Foot Locker by 3.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,113,583 shares of the athletic footwear retailer’s stock worth $28,775,000 after purchasing an additional 38,318 shares during the last quarter. Stifel Financial Corp increased its stake in shares of Foot Locker by 43.3% in the third quarter. Stifel Financial Corp now owns 897,904 shares of the athletic footwear retailer’s stock valued at $23,202,000 after buying an additional 271,297 shares during the period. Finally, Point72 Asset Management L.P. raised its holdings in Foot Locker by 37.0% in the 3rd quarter. Point72 Asset Management L.P. now owns 549,997 shares of the athletic footwear retailer’s stock valued at $14,212,000 after buying an additional 148,523 shares during the last quarter.

Foot Locker Price Performance

FL opened at $19.60 on Wednesday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.67 and a quick ratio of 0.45. The firm’s fifty day moving average price is $21.98 and its two-hundred day moving average price is $24.98. Foot Locker, Inc. has a 1 year low of $19.33 and a 1 year high of $35.60. The company has a market capitalization of $1.86 billion, a price-to-earnings ratio of -4.35, a P/E/G ratio of 0.82 and a beta of 1.49.

Foot Locker (NYSE:FL) last released its earnings results on Wednesday, December 4th. The athletic footwear retailer reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.07). The business had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $2.01 billion. Foot Locker had a negative net margin of 5.24% and a positive return on equity of 2.91%. The business’s revenue was down 1.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.30 earnings per share. As a group, analysts anticipate that Foot Locker, Inc. will post 1.23 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on FL shares. Jefferies Financial Group decreased their price target on Foot Locker from $27.00 to $22.00 and set a “hold” rating for the company in a research note on Wednesday, December 4th. Barclays dropped their price target on shares of Foot Locker from $34.00 to $29.00 and set an “overweight” rating on the stock in a research report on Friday, December 6th. Telsey Advisory Group lowered their target price on shares of Foot Locker from $30.00 to $24.00 and set a “market perform” rating for the company in a research note on Thursday, December 5th. Robert W. Baird decreased their target price on Foot Locker from $27.00 to $24.00 and set a “neutral” rating for the company in a research note on Thursday, December 5th. Finally, The Goldman Sachs Group dropped their target price on shares of Foot Locker from $25.00 to $22.00 and set a “sell” rating on the stock in a research report on Thursday, December 5th. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $24.94.

Foot Locker 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.