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

Principal Financial Group Inc. increased its holdings in Foot Locker, Inc. (NYSE:FL - Free Report) by 2.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 411,173 shares of the athletic footwear retailer's stock after purchasing an additional 10,940 shares during the period. Principal Financial Group Inc. owned 0.43% of Foot Locker worth $5,798,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Teacher Retirement System of Texas purchased a new position in Foot Locker in the 1st quarter worth approximately $176,000. Vontobel Holding Ltd. lifted its holdings in Foot Locker by 55.0% in the 1st 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. Peregrine Capital Management LLC lifted its holdings in Foot Locker by 21.9% in the 1st quarter. Peregrine Capital Management LLC now owns 287,040 shares of the athletic footwear retailer's stock worth $4,047,000 after purchasing an additional 51,617 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its holdings in Foot Locker by 42.9% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 33,283 shares of the athletic footwear retailer's stock worth $469,000 after purchasing an additional 9,985 shares in the last quarter. Finally, SG Americas Securities LLC raised its holdings in shares of Foot Locker by 1,391.0% during the 1st quarter. SG Americas Securities LLC now owns 98,301 shares of the athletic footwear retailer's stock worth $1,386,000 after acquiring an additional 91,708 shares in the last quarter.

Insider Transactions at Foot Locker

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 sale, the chief accounting officer 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.89% of the company's stock.

Foot Locker Stock Up 0.3%

Foot Locker stock traded up $0.07 during trading hours on Friday, reaching $25.19. The stock had a trading volume of 3,166,636 shares, compared to its average volume of 4,114,570. Foot Locker, Inc. has a 52 week low of $11.00 and a 52 week high of $33.94. 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 company has a market cap of $2.40 billion, a price-to-earnings ratio of -6.68, a PEG ratio of 2.10 and a beta of 1.72. The business's 50 day moving average price is $23.60 and its 200-day moving average price is $18.98.

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). Foot Locker had a negative net margin of 4.54% and a positive return on equity of 3.65%. The firm had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter in the prior year, the company posted $0.22 earnings per share. The company's revenue for the quarter was down 4.6% compared to the same quarter last year. Sell-side analysts anticipate that Foot Locker, Inc. will post 1.23 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Citigroup upped their price objective on Foot Locker from $20.00 to $24.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Evercore ISI decreased their price objective on Foot Locker from $22.00 to $15.00 and set an "outperform" rating on the stock in a report on Friday, April 11th. Robert W. Baird set a $24.00 price target on Foot Locker in a report on Thursday, May 29th. Telsey Advisory Group reiterated a "market perform" rating and set a $24.00 price objective on shares of Foot Locker in a research report on Friday, May 30th. Finally, Piper Sandler cut their price objective on shares of Foot Locker from $19.00 to $12.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th. Three investment 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. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $21.20.

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.