Foot Locker, Inc. (NYSE:FL) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. decreased its stake in Foot Locker, Inc. (NYSE:FL) by 4.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 388,517 shares of the athletic footwear retailer’s stock after selling 17,131 shares during the quarter. Principal Financial Group Inc. owned approximately 0.41% of Foot Locker worth $10,039,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Quarry LP acquired a new position in Foot Locker in the 2nd quarter valued at $31,000. Northwestern Mutual Wealth Management Co. raised its position in shares of Foot Locker by 156.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,616 shares of the athletic footwear retailer’s stock valued at $40,000 after buying an additional 985 shares during the last quarter. Headlands Technologies LLC acquired a new stake in shares of Foot Locker in the second quarter valued at about $43,000. nVerses Capital LLC acquired a new position in Foot Locker during the third quarter worth about $47,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in Foot Locker during the third quarter worth about $58,000.

Foot Locker Stock Down 3.8 %

Shares of NYSE:FL opened at $22.00 on Tuesday. The firm’s 50-day moving average is $23.28 and its two-hundred day moving average is $25.54. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.67 and a quick ratio of 0.45. Foot Locker, Inc. has a 1 year low of $19.33 and a 1 year high of $35.60. The firm has a market capitalization of $2.09 billion, a PE ratio of -4.88, a price-to-earnings-growth ratio of 0.86 and a beta of 1.46.

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 analysts’ consensus estimates of $0.40 by ($0.07). Foot Locker had a positive return on equity of 2.91% and a negative net margin of 5.24%. The business had revenue of $1.96 billion for the quarter, compared to analyst estimates of $2.01 billion. During the same quarter last year, the company earned $0.30 earnings per share. Foot Locker’s quarterly revenue was down 1.4% compared to the same quarter last year. Analysts predict that Foot Locker, Inc. will post 1.23 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on FL shares. The Goldman Sachs Group reduced their price objective on Foot Locker from $25.00 to $22.00 and set a “sell” rating on the stock in a research report on Thursday, December 5th. Needham & Company LLC reiterated a “buy” rating and set a $25.00 price target on shares of Foot Locker in a report on Wednesday, December 18th. Williams Trading raised shares of Foot Locker from a “sell” rating to a “hold” rating and upped their price objective for the company from $17.00 to $21.00 in a report on Wednesday, November 27th. JPMorgan Chase & Co. reduced their target price on shares of Foot Locker from $27.00 to $23.00 and set an “underweight” rating on the stock in a research note on Wednesday, December 4th. Finally, Barclays dropped their price target on shares of Foot Locker from $34.00 to $29.00 and set an “overweight” rating for the company in a research note on Friday, December 6th. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $25.18.

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.