Foot Locker, Inc. $FL Shares Bought by Cramer Rosenthal Mcglynn LLC

Key Points

• Cramer Rosenthal Mcglynn LLC has increased its stake in Foot Locker, Inc. by 8.5%, acquiring an additional 135,982 shares to hold a total of 1,736,845 shares, representing 1.8% of its portfolio.
• Foot Locker reported a quarterly earnings of ($0.07) EPS, matching analysts' expectations, but with revenue of $1.79 billion falling short of the forecast of $1.86 billion.
• Analysts have set a consensus target price of $21.20 for Foot Locker, with mixed ratings: two "Buy", twelve "Hold", and two "Sell".

Cramer Rosenthal Mcglynn LLC increased its stake in Foot Locker, Inc. (NYSE:FL - Free Report) by 8.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,736,845 shares of the athletic footwear retailer's stock after buying an additional 135,982 shares during the quarter. Foot Locker comprises approximately 1.8% of Cramer Rosenthal Mcglynn LLC's holdings, making the stock its 23rd largest holding. Cramer Rosenthal Mcglynn LLC owned approximately 1.82% of Foot Locker worth $24,490,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of FL. GAMMA Investing LLC lifted its position in Foot Locker by 250.6% in the first quarter. GAMMA Investing LLC now owns 2,468 shares of the athletic footwear retailer's stock worth $35,000 after buying an additional 1,764 shares during the last quarter. AlphaQuest LLC bought a new stake in Foot Locker in the first quarter worth $59,000. Signaturefd LLC lifted its position in Foot Locker by 27.2% in the first quarter. Signaturefd LLC now owns 4,579 shares of the athletic footwear retailer's stock worth $65,000 after buying an additional 980 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in Foot Locker by 100,166.7% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 6,016 shares of the athletic footwear retailer's stock worth $85,000 after buying an additional 6,010 shares during the last quarter. Finally, Investors Research Corp lifted its position in Foot Locker by 19.7% in the first quarter. Investors Research Corp now owns 11,529 shares of the athletic footwear retailer's stock worth $163,000 after buying an additional 1,900 shares during the last quarter.

Insider Buying and Selling

In other Foot Locker news, CAO Giovanna Cipriano sold 22,383 shares of the business's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $24.90, for a total value of $557,336.70. Following the completion of the transaction, the chief accounting officer directly owned 93,895 shares in the company, valued at approximately $2,337,985.50. The trade was a 19.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.89% of the company's stock.

Foot Locker Stock Down 5.2%

Shares of Foot Locker stock traded down $1.39 during trading on Thursday, hitting $25.09. 12,943,219 shares of the stock traded hands, compared to its average volume of 4,579,412. The firm has a market cap of $2.39 billion, a P/E ratio of -6.22, a price-to-earnings-growth ratio of 2.21 and a beta of 1.75. The company has a current ratio of 1.59, a quick ratio of 0.49 and a debt-to-equity ratio of 0.17. Foot Locker, Inc. has a 52-week low of $11.00 and a 52-week high of $31.43. The stock's fifty day simple moving average is $25.16 and its 200 day simple moving average is $20.03.

Foot Locker (NYSE:FL - Get Free Report) last announced its quarterly earnings results on Wednesday, August 27th. The athletic footwear retailer reported ($0.27) EPS for the quarter, missing the consensus estimate of $0.05 by ($0.32). Foot Locker had a negative net margin of 4.90% and a positive return on equity of 2.92%. The firm had revenue of $1.86 billion for the quarter, compared to analysts' expectations of $1.87 billion. During the same quarter in the prior year, the business posted ($0.05) EPS. The business's quarterly revenue was down 2.3% on a year-over-year basis. On average, equities analysts predict that Foot Locker, Inc. will post 1.23 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Zacks Research upgraded Foot Locker from a "strong sell" rating to a "hold" rating in a research report on Monday, August 18th. Morgan Stanley reduced their target price on Foot Locker from $16.00 to $14.00 and set an "underweight" rating on the stock in a research note on Tuesday, May 6th. Telsey Advisory Group reissued a "market perform" rating and set a $24.00 target price on shares of Foot Locker in a research note on Wednesday. Gordon Haskett downgraded shares of Foot Locker from a "moderate buy" rating to a "hold" rating in a research note on Thursday, May 15th. Finally, Barclays lowered shares of Foot Locker from an "overweight" rating to an "equal weight" rating in a report on Thursday, May 29th. Two investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $21.33.

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.