Foot Locker, Inc. (NYSE:FL) Stock Holdings Trimmed by KBC Group NV

KBC Group NV reduced its holdings in Foot Locker, Inc. (NYSE:FL - Free Report) by 95.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,641 shares of the athletic footwear retailer's stock after selling 115,852 shares during the quarter. KBC Group NV's holdings in Foot Locker were worth $80,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. increased its position in Foot Locker by 2.0% during the fourth quarter. Vanguard Group Inc. now owns 10,505,006 shares of the athletic footwear retailer's stock worth $228,589,000 after buying an additional 210,832 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its position in Foot Locker by 67.9% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 1,906,406 shares of the athletic footwear retailer's stock worth $41,483,000 after buying an additional 770,932 shares in the last quarter. American Century Companies Inc. increased its position in Foot Locker by 5.2% during 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 buying an additional 81,814 shares in the last quarter. Cramer Rosenthal Mcglynn LLC purchased a new position in Foot Locker during the fourth quarter worth $34,835,000. Finally, Cooper Creek Partners Management LLC purchased a new position in Foot Locker during the fourth quarter worth $30,416,000.

Foot Locker Stock Up 0.5%

Shares of FL traded up $0.12 during midday trading on Wednesday, reaching $24.94. 3,501,566 shares of the company were exchanged, compared to its average volume of 4,095,052. The stock has a 50-day moving average price of $21.55 and a 200-day moving average price of $18.82. The company has a market cap of $2.38 billion, a price-to-earnings ratio of -6.62, a P/E/G ratio of 2.07 and a beta of 1.72. Foot Locker, Inc. has a 1-year low of $11.00 and a 1-year high of $33.94. The company has a current ratio of 1.64, a quick ratio of 0.49 and a debt-to-equity ratio of 0.17.

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

Insider Activity at Foot Locker

In related news, CAO Giovanna Cipriano sold 22,383 shares of the business's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $24.90, for a total value of $557,336.70. Following the transaction, the chief accounting officer owned 93,895 shares in the company, valued at approximately $2,337,985.50. The trade was a 19.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 1.20% of the company's stock.

Analysts Set New Price Targets

Several research firms have weighed in on FL. Gordon Haskett downgraded Foot Locker from a "moderate buy" rating to a "hold" rating in a research report on Thursday, May 15th. Morgan Stanley dropped their target price on Foot Locker from $16.00 to $14.00 and set an "underweight" rating for the company in a research note on Tuesday, May 6th. The Goldman Sachs Group dropped their target price on Foot Locker from $19.00 to $17.00 and set a "sell" rating for the company in a research note on Tuesday, April 22nd. JPMorgan Chase & Co. upgraded Foot Locker from an "underweight" rating to a "neutral" rating and upped their target price for the company from $16.00 to $24.00 in a research note on Thursday, May 15th. Finally, Barclays lowered Foot Locker from an "overweight" rating to an "equal weight" rating in a research note on Thursday, May 29th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Foot Locker currently has a consensus rating of "Hold" and an average target price 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.