Signaturefd LLC Decreases Position in Foot Locker, Inc. (NYSE:FL)

Signaturefd LLC lessened its holdings in shares of Foot Locker, Inc. (NYSE:FL) by 29.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,854 shares of the athletic footwear retailer’s stock after selling 1,596 shares during the period. Signaturefd LLC’s holdings in Foot Locker were worth $100,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Patriot Financial Group Insurance Agency LLC raised its stake 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 worth $355,000 after acquiring an additional 431 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in Foot Locker by 1.2% in the 2nd quarter. Nisa Investment Advisors LLC now owns 41,541 shares of the athletic footwear retailer’s stock worth $1,035,000 after acquiring an additional 483 shares during the last quarter. Arizona State Retirement System grew its position in Foot Locker by 2.2% during the 2nd quarter. Arizona State Retirement System now owns 23,808 shares of the athletic footwear retailer’s stock worth $593,000 after purchasing an additional 518 shares during the period. SummerHaven Investment Management LLC grew its position in Foot Locker by 2.5% during the 2nd quarter. SummerHaven Investment Management LLC now owns 27,671 shares of the athletic footwear retailer’s stock worth $690,000 after purchasing an additional 667 shares during the period. Finally, Fifth Third Bancorp grew its position in Foot Locker by 116.0% during the 2nd quarter. Fifth Third Bancorp now owns 1,365 shares of the athletic footwear retailer’s stock worth $34,000 after purchasing an additional 733 shares during the period.

Foot Locker Trading Down 1.3 %

FL stock opened at $23.81 on Tuesday. The company has a current ratio of 1.66, a quick ratio of 0.49 and a debt-to-equity ratio of 0.15. Foot Locker, Inc. has a 12-month low of $19.44 and a 12-month high of $35.60. The stock has a market cap of $2.26 billion, a price-to-earnings ratio of -6.15, a PEG ratio of 0.59 and a beta of 1.43. The business’s 50-day moving average is $26.67 and its 200 day moving average is $25.54.

Foot Locker (NYSE:FL) last posted its quarterly earnings data 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. On average, sell-side analysts anticipate that Foot Locker, Inc. will post 1.49 EPS for the current fiscal year.

Insider Buying and Selling

In other Foot Locker news, major shareholder Vesa Equity Investment S.A R.L sold 539,180 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $33.22, for a total value of $17,911,559.60. Following the transaction, the insider now directly owns 10,393,592 shares of the company’s stock, valued at $345,275,126.24. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last three months, insiders have sold 787,566 shares of company stock worth $26,090,866. Insiders own 1.20% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on FL. Morgan Stanley downgraded Foot Locker from an “equal weight” rating to an “underweight” rating and cut their price target for the stock from $24.00 to $18.00 in a research report on Thursday, July 18th. Piper Sandler reaffirmed a “neutral” rating and set a $30.00 price target on shares of Foot Locker in a research report on Friday, August 23rd. Citigroup increased their price target on Foot Locker from $27.00 to $33.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 20th. Robert W. Baird cut their price target 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. Finally, Barclays upgraded Foot Locker from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $27.00 to $34.00 in a research report on Thursday, August 29th. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $26.53.

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.