Blue Trust Inc. Acquires 2,513 Shares of Foot Locker, Inc. (NYSE:FL)

Blue Trust Inc. lifted its holdings in shares of Foot Locker, Inc. (NYSE:FL) by 537.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,981 shares of the athletic footwear retailer’s stock after acquiring an additional 2,513 shares during the period. Blue Trust Inc.’s holdings in Foot Locker were worth $74,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in FL. nVerses Capital LLC purchased a new position in shares of Foot Locker during the third quarter valued at approximately $47,000. Vontobel Holding Ltd. lifted its stake in Foot Locker by 12.2% during the 3rd quarter. Vontobel Holding Ltd. now owns 11,144 shares of the athletic footwear retailer’s stock valued at $288,000 after acquiring an additional 1,210 shares in the last quarter. Creative Planning boosted its holdings in Foot Locker by 42.1% during the 3rd quarter. Creative Planning now owns 13,823 shares of the athletic footwear retailer’s stock worth $357,000 after acquiring an additional 4,093 shares during the last quarter. Handelsbanken Fonder AB grew its stake in shares of Foot Locker by 31.3% in the 3rd quarter. Handelsbanken Fonder AB now owns 25,200 shares of the athletic footwear retailer’s stock worth $651,000 after acquiring an additional 6,000 shares in the last quarter. Finally, SG Americas Securities LLC grew its stake in shares of Foot Locker by 66.9% in the 3rd quarter. SG Americas Securities LLC now owns 7,603 shares of the athletic footwear retailer’s stock worth $196,000 after acquiring an additional 3,048 shares in the last quarter.

Insider Transactions at Foot Locker

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 dated Monday, August 26th. The stock was sold at an average price of $33.22, for a total value of $17,911,559.60. Following the completion of the transaction, the insider now owns 10,393,592 shares in the company, valued at $345,275,126.24. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold 787,566 shares of company stock valued at $26,090,866 over the last three months. Company insiders own 1.20% of the company’s stock.

Foot Locker Price Performance

Shares of NYSE:FL opened at $22.96 on Thursday. The firm has a market capitalization of $2.18 billion, a PE ratio of -5.93, a P/E/G ratio of 0.59 and a beta of 1.43. The company has a quick ratio of 0.49, a current ratio of 1.66 and a debt-to-equity ratio of 0.15. The company has a 50-day moving average price of $26.28 and a two-hundred day moving average price of $25.53. Foot Locker, Inc. has a twelve month low of $19.44 and a twelve month high of $35.60.

Foot Locker (NYSE:FL) last announced its quarterly earnings results on Wednesday, August 28th. The athletic footwear retailer reported ($0.05) 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 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 1.49 EPS for the current year.

Analysts Set New Price Targets

FL has been the topic of a number of recent analyst reports. Gordon Haskett assumed coverage on shares of Foot Locker in a research report on Monday, October 7th. They set an “accumulate” rating and a $27.00 price target on the stock. Robert W. Baird dropped their target price on shares of Foot Locker from $35.00 to $27.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 25th. StockNews.com lowered Foot Locker from a “hold” rating to a “sell” rating in a report on Friday, September 20th. Telsey Advisory Group reiterated a “market perform” rating and set a $27.00 price target on shares of Foot Locker in a report on Wednesday, August 28th. Finally, Piper Sandler reissued a “neutral” rating and issued a $30.00 price objective on shares of Foot Locker in a research report on Friday, August 23rd. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price 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.