Segall Bryant & Hamill LLC Acquires 226,111 Shares of Foot Locker, Inc. (NYSE:FL)

Segall Bryant & Hamill LLC grew its stake in Foot Locker, Inc. (NYSE:FL - Free Report) by 26.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,082,713 shares of the athletic footwear retailer's stock after buying an additional 226,111 shares during the quarter. Segall Bryant & Hamill LLC owned approximately 1.14% of Foot Locker worth $15,266,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Victory Capital Management Inc. grew its position in shares of Foot Locker by 29.2% during the first quarter. Victory Capital Management Inc. now owns 20,577 shares of the athletic footwear retailer's stock worth $290,000 after purchasing an additional 4,646 shares in the last quarter. Signaturefd LLC grew its position 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 worth $65,000 after purchasing an additional 980 shares in the last quarter. Principal Financial Group Inc. grew its position in shares of Foot Locker by 2.7% during the first quarter. Principal Financial Group Inc. now owns 411,173 shares of the athletic footwear retailer's stock worth $5,798,000 after purchasing an additional 10,940 shares in the last quarter. Teacher Retirement System of Texas purchased a new stake in shares of Foot Locker during the first quarter worth about $176,000. Finally, Vontobel Holding Ltd. grew its position in shares of Foot Locker by 55.0% during the first quarter. Vontobel Holding Ltd. now owns 46,847 shares of the athletic footwear retailer's stock worth $661,000 after purchasing an additional 16,618 shares in the last quarter.

Analyst Ratings Changes

FL has been the subject of several research analyst reports. Gordon Haskett cut Foot Locker from a "moderate buy" rating to a "hold" rating in a research report on Thursday, May 15th. Needham & Company LLC set a $24.00 target price on Foot Locker in a research report on Thursday, May 29th. JPMorgan Chase & Co. upgraded Foot Locker from an "underweight" rating to a "neutral" rating and increased their target price for the stock from $16.00 to $24.00 in a research report on Thursday, May 15th. Robert W. Baird set a $24.00 target price on Foot Locker in a research report on Thursday, May 29th. Finally, Wall Street Zen cut Foot Locker from a "hold" rating to a "sell" rating in a report on Friday, April 11th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $21.20.

Insider Activity

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 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 of the company's stock, valued at $2,337,985.50. This trade represents a 19.25% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.89% of the stock is owned by insiders.

Foot Locker Trading Up 0.3%

Shares of NYSE:FL traded up $0.07 during trading on Friday, hitting $25.19. The company had a trading volume of 3,166,636 shares, compared to its average volume of 4,103,027. 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 2.07 and a beta of 1.72. Foot Locker, Inc. has a one year low of $11.00 and a one year high of $33.94. The company has a fifty day simple moving average of $23.34 and a two-hundred day simple moving average of $18.98. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.64 and a quick ratio of 0.49.

Foot Locker (NYSE:FL - Get Free Report) last posted its quarterly earnings data on Thursday, May 29th. The athletic footwear retailer reported ($0.07) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.07). The business had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.86 billion. Foot Locker had a positive return on equity of 3.65% and a negative net margin of 4.54%. The company's revenue for the quarter was down 4.6% on a year-over-year basis. During the same period last year, the company earned $0.22 EPS. As a group, equities analysts forecast that Foot Locker, Inc. will post 1.23 earnings per share for the current year.

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.