New York State Teachers Retirement System Decreases Holdings in Foot Locker, Inc. (NYSE:FL)

New York State Teachers Retirement System reduced its stake in Foot Locker, Inc. (NYSE:FL - Free Report) by 13.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 88,698 shares of the athletic footwear retailer's stock after selling 14,248 shares during the quarter. New York State Teachers Retirement System owned approximately 0.09% of Foot Locker worth $1,251,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. raised its position in Foot Locker by 2.0% in the 4th quarter. Vanguard Group Inc. now owns 10,505,006 shares of the athletic footwear retailer's stock valued at $228,589,000 after buying an additional 210,832 shares during the last quarter. Jacobs Levy Equity Management Inc. raised 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 last quarter. American Century Companies Inc. raised its position in Foot Locker by 5.2% in the 4th quarter. American Century Companies Inc. now owns 1,659,206 shares of the athletic footwear retailer's stock valued at $36,104,000 after buying an additional 81,814 shares during the last quarter. Cramer Rosenthal Mcglynn LLC purchased a new stake in Foot Locker in the 4th quarter valued at $34,835,000. Finally, Cooper Creek Partners Management LLC bought a new position in Foot Locker in the 4th quarter valued at $30,416,000.

Wall Street Analysts Forecast Growth

FL has been the subject of a number of recent analyst reports. Evercore ISI reduced their price objective on Foot Locker from $22.00 to $15.00 and set an "outperform" rating for the company in a research note on Friday, April 11th. Morgan Stanley reduced their price objective 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. Wall Street Zen downgraded Foot Locker from a "hold" rating to a "sell" rating in a research note on Friday, April 11th. Telsey Advisory Group restated a "market perform" rating and issued a $24.00 price objective on shares of Foot Locker in a research note on Friday, May 30th. Finally, Gordon Haskett downgraded Foot Locker from a "moderate buy" rating to a "hold" rating in a research note on Thursday, May 15th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Foot Locker currently has a consensus rating of "Hold" and an average target price of $21.20.

Foot Locker Price Performance

Shares of NYSE:FL traded down $0.27 on Friday, hitting $25.05. The company's stock had a trading volume of 2,396,858 shares, compared to its average volume of 4,109,990. The company has a 50-day simple moving average of $22.30 and a 200 day simple moving average of $18.89. Foot Locker, Inc. has a 1 year low of $11.00 and a 1 year high of $33.94. The company has a market capitalization of $2.39 billion, a PE ratio of -6.64, a PEG ratio of 2.10 and a beta of 1.72. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.64 and a quick ratio of 0.49.

Foot Locker (NYSE:FL - Get Free Report) last announced its quarterly earnings data on Thursday, May 29th. The athletic footwear retailer reported ($0.07) earnings per share for the quarter, meeting 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%. Foot Locker's revenue for the quarter was down 4.6% compared to the same quarter last year. During the same period last year, the firm posted $0.22 EPS. Sell-side analysts forecast that Foot Locker, Inc. will post 1.23 EPS for the current fiscal year.

Insider Buying and Selling at Foot Locker

In related news, CAO Giovanna Cipriano sold 22,383 shares of the firm's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $24.90, for a total transaction of $557,336.70. Following the transaction, the chief accounting officer directly 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 sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.89% of the company's stock.

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.