Foot Locker, Inc. $FL Shares Sold by Deutsche Bank AG

Key Points

• Deutsche Bank AG reduced its stake in Foot Locker, Inc. by 60.9% during the first quarter, selling 119,967 shares and owning 76,941 shares valued at approximately $1,085,000.
• Despite Deutsche Bank's sell-off, other hedge funds increased their holdings in Foot Locker, with GAMMA Investing LLC boosting its stake by 250.6% during the same period.
• Foot Locker reported a quarterly revenue of $1.79 billion, missing analyst estimates and marking a 4.6% decline in year-over-year revenue.

Deutsche Bank AG reduced its stake in shares of Foot Locker, Inc. (NYSE:FL - Free Report) by 60.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 76,941 shares of the athletic footwear retailer's stock after selling 119,967 shares during the quarter. Deutsche Bank AG owned about 0.08% of Foot Locker worth $1,085,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Signaturefd LLC grew its stake in shares of Foot Locker by 27.2% during the first quarter. Signaturefd LLC now owns 4,579 shares of the athletic footwear retailer's stock valued at $65,000 after buying an additional 980 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Foot Locker by 250.6% during the first quarter. GAMMA Investing LLC now owns 2,468 shares of the athletic footwear retailer's stock valued at $35,000 after buying an additional 1,764 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Foot Locker by 3.9% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 47,462 shares of the athletic footwear retailer's stock valued at $1,033,000 after buying an additional 1,786 shares during the last quarter. Investors Research Corp grew its stake in shares of Foot Locker by 19.7% during the first quarter. Investors Research Corp now owns 11,529 shares of the athletic footwear retailer's stock valued at $163,000 after buying an additional 1,900 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in shares of Foot Locker by 11.6% during the fourth quarter. Envestnet Asset Management Inc. now owns 19,426 shares of the athletic footwear retailer's stock valued at $423,000 after buying an additional 2,026 shares during the last quarter.

Insider Activity at Foot Locker

In other news, CAO Giovanna Cipriano sold 22,383 shares of the business's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $24.90, for a total value of $557,336.70. Following the completion of the sale, the chief accounting officer directly owned 93,895 shares in the company, valued at $2,337,985.50. The trade was a 19.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.89% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms have recently commented on FL. Robert W. Baird upped their target price on Foot Locker from $24.00 to $26.00 and gave the company a "neutral" rating in a research note on Thursday. Telsey Advisory Group reiterated a "market perform" rating and issued a $24.00 price target on shares of Foot Locker in a report on Wednesday. Barclays lowered Foot Locker from an "overweight" rating to an "equal weight" rating in a report on Thursday, May 29th. Gordon Haskett lowered Foot Locker from a "moderate buy" rating to a "hold" rating in a report on Thursday, May 15th. Finally, Wall Street Zen lowered Foot Locker to a "strong sell" rating in a report on Saturday. Two investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $21.33.

Foot Locker Stock Down 1.4%

NYSE FL traded down $0.35 during midday trading on Friday, hitting $24.72. 9,427,716 shares of the company traded hands, compared to its average volume of 5,146,818. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.59 and a quick ratio of 0.49. The company has a market cap of $2.36 billion, a PE ratio of -6.13, a price-to-earnings-growth ratio of 2.07 and a beta of 1.75. The company's 50-day simple moving average is $25.18 and its 200-day simple moving average is $20.08. Foot Locker, Inc. has a 52 week low of $11.00 and a 52 week high of $31.43.

Foot Locker (NYSE:FL - Get Free Report) last posted its quarterly earnings data on Wednesday, August 27th. The athletic footwear retailer reported ($0.27) earnings per share for the quarter, missing analysts' consensus estimates of $0.05 by ($0.32). Foot Locker had a positive return on equity of 2.92% and a negative net margin of 4.90%.The business had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.87 billion. During the same period in the previous year, the business earned ($0.05) EPS. The firm's revenue for the quarter was down 2.3% compared to the same quarter last year. As a group, equities research analysts forecast that Foot Locker, Inc. will post 1.23 earnings per share for the current year.

Foot Locker 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.