Bank of New York Mellon Corp Has $13.13 Million Stake in Foot Locker, Inc. (NYSE:FL)

Bank of New York Mellon Corp decreased its holdings in shares of Foot Locker, Inc. (NYSE:FL - Free Report) by 34.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 930,823 shares of the athletic footwear retailer's stock after selling 499,047 shares during the quarter. Bank of New York Mellon Corp owned about 0.98% of Foot Locker worth $13,125,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of Foot Locker by 2.0% in the fourth quarter. Vanguard Group Inc. now owns 10,505,006 shares of the athletic footwear retailer's stock valued at $228,589,000 after purchasing an additional 210,832 shares during the period. 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. American Century Companies Inc. grew its stake in shares of Foot Locker by 5.2% in the fourth quarter. American Century Companies Inc. now owns 1,659,206 shares of the athletic footwear retailer's stock worth $36,104,000 after acquiring an additional 81,814 shares in the last quarter. Cramer Rosenthal Mcglynn LLC acquired a new position in shares of Foot Locker in the fourth quarter worth $34,835,000. Finally, Cooper Creek Partners Management LLC purchased a new stake in shares of Foot Locker during the fourth quarter worth $30,416,000.

Insider Buying and Selling

In related 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 value of $557,336.70. Following the completion of the transaction, the chief accounting officer owned 93,895 shares of the company's stock, valued at approximately $2,337,985.50. This trade represents a 19.25% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.20% of the company's stock.

Foot Locker Price Performance

Shares of NYSE FL traded down $0.07 during mid-day trading on Tuesday, reaching $25.50. 3,594,137 shares of the company traded hands, compared to its average volume of 4,112,140. Foot Locker, Inc. has a fifty-two week low of $11.00 and a fifty-two 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 firm has a market cap of $2.43 billion, a PE ratio of -6.76, a price-to-earnings-growth ratio of 2.10 and a beta of 1.72. The stock has a fifty day simple moving average of $23.60 and a 200-day simple moving average of $18.96.

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

Wall Street Analysts Forecast Growth

FL has been the subject of several recent analyst reports. Evercore ISI decreased their price objective on shares of Foot Locker from $22.00 to $15.00 and set an "outperform" rating for the company in a research report on Friday, April 11th. Wall Street Zen lowered shares of Foot Locker from a "hold" rating to a "sell" rating in a research note on Friday, April 11th. The Goldman Sachs Group dropped their price target on shares of Foot Locker from $19.00 to $17.00 and set a "sell" rating on the stock in a research note on Tuesday, April 22nd. Gordon Haskett downgraded shares of Foot Locker from a "moderate buy" rating to a "hold" rating in a report on Thursday, May 15th. Finally, Piper Sandler decreased their price objective on shares of Foot Locker from $19.00 to $12.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $21.20.

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.