Rhumbline Advisers Reduces Position in Foot Locker, Inc. (NYSE:FL)

Rhumbline Advisers cut its position in shares of Foot Locker, Inc. (NYSE:FL - Free Report) by 4.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 249,101 shares of the athletic footwear retailer's stock after selling 12,132 shares during the period. Rhumbline Advisers owned approximately 0.26% of Foot Locker worth $3,512,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Cramer Rosenthal Mcglynn LLC purchased a new stake in Foot Locker in the 4th quarter valued at about $34,835,000. Cooper Creek Partners Management LLC purchased a new stake in Foot Locker in the 4th quarter valued at about $30,416,000. Segall Bryant & Hamill LLC purchased a new stake in Foot Locker in the 4th quarter valued at about $18,640,000. Jacobs Levy Equity Management Inc. boosted its position in Foot Locker by 67.9% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 1,906,406 shares of the athletic footwear retailer's stock valued at $41,483,000 after buying an additional 770,932 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in Foot Locker by 30.4% in the 4th quarter. Bank of New York Mellon Corp now owns 1,429,870 shares of the athletic footwear retailer's stock valued at $31,114,000 after buying an additional 333,247 shares during the period.

Analyst Ratings Changes

Several research firms have issued reports on FL. Needham & Company LLC set a $24.00 price objective on shares of Foot Locker in a research report on Thursday, May 29th. Telsey Advisory Group restated a "market perform" rating and issued a $24.00 price target on shares of Foot Locker in a report on Friday, May 30th. The Goldman Sachs Group reduced their price target on shares of Foot Locker from $19.00 to $17.00 and set a "sell" rating for the company in a report on Tuesday, April 22nd. Piper Sandler reduced their price target on shares of Foot Locker from $19.00 to $12.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Finally, Barclays lowered shares of Foot Locker from an "overweight" rating to an "equal weight" rating in a report on Thursday, May 29th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Foot Locker currently has an average rating of "Hold" and a consensus price target of $21.20.

Foot Locker Stock Up 0.1%

Shares of NYSE FL traded up $0.03 during trading hours on Wednesday, hitting $24.00. 2,555,325 shares of the stock were exchanged, compared to its average volume of 4,017,645. The company has a quick ratio of 0.49, a current ratio of 1.64 and a debt-to-equity ratio of 0.17. The company has a market cap of $2.29 billion, a PE ratio of -6.36, a PEG ratio of 1.98 and a beta of 1.74. The firm has a fifty day moving average price of $18.02 and a 200-day moving average price of $18.63. Foot Locker, Inc. has a 12 month low of $11.00 and a 12 month high of $33.94.

Foot Locker (NYSE:FL - Get Free Report) last released its earnings results on Thursday, May 29th. The athletic footwear retailer reported ($0.07) earnings per share for the quarter, hitting the consensus estimate of ($0.07). The company had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.86 billion. Foot Locker had a negative net margin of 4.54% and a positive return on equity of 3.65%. Foot Locker's revenue was down 4.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.22 EPS. On average, sell-side analysts expect that Foot Locker, Inc. will post 1.23 EPS for the current year.

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.