Foot Locker, Inc. (NYSE:FL) Shares Sold by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. reduced its position in Foot Locker, Inc. (NYSE:FL) by 25.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,618 shares of the athletic footwear retailer’s stock after selling 3,270 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Foot Locker were worth $249,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Sei Investments Co. increased its position in Foot Locker by 1.6% in the 1st quarter. Sei Investments Co. now owns 120,699 shares of the athletic footwear retailer’s stock valued at $3,441,000 after acquiring an additional 1,851 shares during the period. Russell Investments Group Ltd. increased its holdings in shares of Foot Locker by 221.4% in the first quarter. Russell Investments Group Ltd. now owns 177,868 shares of the athletic footwear retailer’s stock valued at $5,069,000 after purchasing an additional 122,522 shares during the period. ProShare Advisors LLC lifted its holdings in shares of Foot Locker by 7.4% during the first quarter. ProShare Advisors LLC now owns 16,556 shares of the athletic footwear retailer’s stock worth $472,000 after purchasing an additional 1,141 shares during the period. State Board of Administration of Florida Retirement System grew its position in Foot Locker by 8.7% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 25,480 shares of the athletic footwear retailer’s stock valued at $726,000 after buying an additional 2,030 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp increased its stake in Foot Locker by 57.6% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 9,302 shares of the athletic footwear retailer’s stock valued at $256,000 after buying an additional 3,398 shares during the period.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Piper Sandler reissued a “neutral” rating and set a $30.00 target price on shares of Foot Locker in a research note on Friday, August 23rd. Citigroup increased their price objective on Foot Locker from $27.00 to $33.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 20th. Telsey Advisory Group restated a “market perform” rating and set a $27.00 target price on shares of Foot Locker in a research report on Wednesday, August 28th. Barclays upgraded shares of Foot Locker from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $27.00 to $34.00 in a report on Thursday, August 29th. Finally, Evercore ISI boosted their price objective on shares of Foot Locker from $34.00 to $38.00 and gave the stock an “outperform” rating in a report on Monday, August 26th. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $26.53.

Foot Locker Stock Down 4.7 %

Shares of FL opened at $22.50 on Tuesday. The firm has a market cap of $2.13 billion, a PE ratio of -5.81, a price-to-earnings-growth ratio of 0.58 and a beta of 1.44. 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’s fifty day moving average is $24.76 and its two-hundred day moving average is $25.78. Foot Locker, Inc. has a fifty-two week low of $20.47 and a fifty-two week high of $35.60.

Foot Locker (NYSE:FL) last released its quarterly earnings data on Wednesday, August 28th. The athletic footwear retailer reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.03. The business had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.88 billion. Foot Locker had a positive return on equity of 2.73% and a negative net margin of 4.48%. Analysts forecast that Foot Locker, Inc. will post 1.5 earnings per share for the current year.

Insiders Place Their Bets

In related news, major shareholder Vesa Equity Investment S.A R.L sold 539,180 shares of Foot Locker stock in a transaction on Monday, August 26th. The shares were sold at an average price of $33.22, for a total transaction of $17,911,559.60. Following the sale, the insider now owns 10,393,592 shares of the company’s stock, valued at $345,275,126.24. The trade was a 4.93 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.20% of the stock is currently owned by 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.