TCW Group Inc. lowered its stake in Foot Locker, Inc. (NYSE:FL - Free Report) by 75.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,536 shares of the athletic footwear retailer's stock after selling 55,892 shares during the period. TCW Group Inc.'s holdings in Foot Locker were worth $261,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. Summit Investment Advisors Inc. grew its holdings in Foot Locker by 6.9% during the 4th quarter. Summit Investment Advisors Inc. now owns 8,728 shares of the athletic footwear retailer's stock valued at $190,000 after purchasing an additional 562 shares during the last quarter. Signaturefd LLC lifted its stake in Foot Locker by 27.2% in 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 during the last quarter. Foundry Partners LLC boosted its position in shares of Foot Locker by 8.8% during the fourth quarter. Foundry Partners LLC now owns 12,784 shares of the athletic footwear retailer's stock valued at $278,000 after buying an additional 1,031 shares during the period. Aster Capital Management DIFC Ltd bought a new position in shares of Foot Locker during the fourth quarter valued at approximately $32,000. Finally, GAMMA Investing LLC raised its holdings in shares of Foot Locker by 250.6% in the first quarter. GAMMA Investing LLC now owns 2,468 shares of the athletic footwear retailer's stock worth $35,000 after buying an additional 1,764 shares during the period.
Analysts Set New Price Targets
FL has been the subject of a number of recent analyst reports. Telsey Advisory Group restated a "market perform" rating and set a $24.00 price objective on shares of Foot Locker in a report on Friday, May 30th. Wall Street Zen lowered shares of Foot Locker from a "hold" rating to a "sell" rating in a research note on Friday, April 11th. Morgan Stanley cut their price target on shares of Foot Locker from $16.00 to $14.00 and set an "underweight" rating on the stock in a report on Tuesday, May 6th. The Goldman Sachs Group decreased their price objective 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. Finally, Gordon Haskett cut shares of Foot Locker from a "moderate buy" rating to a "hold" rating in a research report on Thursday, May 15th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Foot Locker currently has an average rating of "Hold" and a consensus price target of $21.20.
Read Our Latest Stock Analysis on Foot Locker
Foot Locker Stock Down 1.6%
Foot Locker stock traded down $0.39 during mid-day trading on Friday, reaching $24.65. 2,480,579 shares of the company were exchanged, compared to its average volume of 2,631,723. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.49 and a current ratio of 1.64. The firm has a market cap of $2.35 billion, a P/E ratio of -6.54, a PEG ratio of 2.09 and a beta of 1.75. The business has a fifty day moving average of $24.53 and a 200 day moving average of $19.29. 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 quarterly earnings results on Thursday, May 29th. The athletic footwear retailer reported ($0.07) EPS for the quarter, hitting the consensus estimate of ($0.07). Foot Locker had a positive return on equity of 3.65% and a negative net margin of 4.54%. The firm had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same period in the previous year, the company posted $0.22 EPS. The business's revenue for the quarter was down 4.6% compared to the same quarter last year. Research analysts anticipate that Foot Locker, Inc. will post 1.23 earnings per share for the current fiscal year.
Insider Buying and Selling at Foot Locker
In related news, CAO Giovanna Cipriano sold 22,383 shares of the 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 of the company's stock, valued at $2,337,985.50. This represents a 19.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.89% of the company's stock.
About Foot Locker
(
Free Report)
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.
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