Segall Bryant & Hamill LLC Raises Position in Foot Locker, Inc. (NYSE:FL)

Segall Bryant & Hamill LLC lifted its stake in shares of Foot Locker, Inc. (NYSE:FL - Free Report) by 26.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,082,713 shares of the athletic footwear retailer's stock after acquiring an additional 226,111 shares during the quarter. Segall Bryant & Hamill LLC owned approximately 1.14% of Foot Locker worth $15,266,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in FL. Harbour Investments Inc. grew its position in shares of Foot Locker by 81.6% during the 4th quarter. Harbour Investments Inc. now owns 1,442 shares of the athletic footwear retailer's stock worth $31,000 after buying an additional 648 shares in the last quarter. Aster Capital Management DIFC Ltd bought a new stake in Foot Locker during the fourth quarter valued at about $32,000. GAMMA Investing LLC boosted its position in 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 purchasing an additional 1,764 shares in the last quarter. Sterling Capital Management LLC boosted its position in Foot Locker by 819.2% during the fourth quarter. Sterling Capital Management LLC now owns 2,629 shares of the athletic footwear retailer's stock valued at $57,000 after purchasing an additional 2,343 shares in the last quarter. Finally, Pingora Partners LLC bought a new stake in Foot Locker during the fourth quarter valued at about $61,000.

Wall Street Analysts Forecast Growth

Several brokerages have commented on FL. The Goldman Sachs Group dropped their price objective on Foot Locker from $19.00 to $17.00 and set a "sell" rating on the stock in a report on Tuesday, April 22nd. Robert W. Baird set a $24.00 price target on shares of Foot Locker in a research note on Thursday, May 29th. Telsey Advisory Group restated a "market perform" rating and set a $24.00 target price on shares of Foot Locker in a research note on Friday, May 30th. Piper Sandler reduced their price objective on Foot Locker from $19.00 to $12.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. Finally, Evercore ISI reduced their price objective on Foot Locker from $22.00 to $15.00 and set an "outperform" rating for the company in a research note on Friday, April 11th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $21.20.

Insider Buying and Selling

In other news, CAO Giovanna Cipriano sold 22,383 shares of the firm's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $24.90, for a total transaction of $557,336.70. Following the completion of the sale, the chief accounting officer owned 93,895 shares in the company, valued at $2,337,985.50. This trade represents a 19.25% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.20% of the company's stock.

Foot Locker Trading Up 0.3%

Shares of Foot Locker stock traded up $0.07 during trading on Friday, hitting $25.19. The company's stock had a trading volume of 3,166,636 shares, compared to its average volume of 4,114,570. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.64 and a quick ratio of 0.49. The stock has a market cap of $2.40 billion, a price-to-earnings ratio of -6.68, a price-to-earnings-growth ratio of 2.10 and a beta of 1.72. The stock has a 50-day moving average price of $23.60 and a two-hundred day moving average price of $18.98. Foot Locker, Inc. has a 52 week low of $11.00 and a 52 week high of $33.94.

Foot Locker (NYSE:FL - Get Free Report) last released its quarterly earnings data on Thursday, May 29th. The athletic footwear retailer reported ($0.07) earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of ($0.07). Foot Locker had a negative net margin of 4.54% and a positive return on equity of 3.65%. The company had revenue of $1.79 billion for the quarter, compared to analysts' expectations of $1.86 billion. During the same quarter in the prior year, the firm earned $0.22 EPS. The business's revenue was down 4.6% on a year-over-year basis. Equities research analysts anticipate that Foot Locker, Inc. will post 1.23 EPS for the current fiscal 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.