US Bancorp DE Has $566,000 Position in Foot Locker, Inc. (NYSE:FL)

Key Points

• US Bancorp DE increased its stake in Foot Locker, Inc. by 41.2% in the 1st quarter, accumulating a total of 40,177 shares valued at $566,000.
• Foot Locker reported earnings per share of (0.07), aligning with analysts' expectations, but experienced a 4.6% year-over-year revenue decline to $1.79 billion.
• Wall Street analysts maintain a consensus hold rating on Foot Locker, with target prices ranging from $17.00 to $24.00.

US Bancorp DE increased its holdings in shares of Foot Locker, Inc. (NYSE:FL - Free Report) by 41.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 40,177 shares of the athletic footwear retailer's stock after acquiring an additional 11,733 shares during the quarter. US Bancorp DE's holdings in Foot Locker were worth $566,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC increased its holdings in shares of Foot Locker by 250.6% during the 1st quarter. GAMMA Investing LLC now owns 2,468 shares of the athletic footwear retailer's stock worth $35,000 after acquiring an additional 1,764 shares during the last quarter. Sterling Capital Management LLC increased its holdings in shares of Foot Locker by 819.2% during the 4th quarter. Sterling Capital Management LLC now owns 2,629 shares of the athletic footwear retailer's stock worth $57,000 after acquiring an additional 2,343 shares during the last quarter. Pingora Partners LLC acquired a new position in shares of Foot Locker during the 4th quarter worth approximately $61,000. Signaturefd LLC lifted its position in Foot Locker by 27.2% during the first quarter. Signaturefd LLC now owns 4,579 shares of the athletic footwear retailer's stock worth $65,000 after acquiring an additional 980 shares during the last quarter. Finally, Investors Research Corp lifted its position in Foot Locker by 19.7% during the first quarter. Investors Research Corp now owns 11,529 shares of the athletic footwear retailer's stock worth $163,000 after acquiring an additional 1,900 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Gordon Haskett downgraded shares of Foot Locker from a "moderate buy" rating to a "hold" rating in a research report on Thursday, May 15th. The Goldman Sachs Group cut their price objective on shares of Foot Locker from $19.00 to $17.00 and set a "sell" rating for the company in a research report on Tuesday, April 22nd. Morgan Stanley cut their price objective on shares of Foot Locker from $16.00 to $14.00 and set an "underweight" rating for the company in a research report on Tuesday, May 6th. Robert W. Baird set a $24.00 price objective on shares of Foot Locker in a research report on Thursday, May 29th. Finally, Telsey Advisory Group restated a "market perform" rating and set a $24.00 price objective on shares of Foot Locker in a research report on Friday, May 30th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $21.20.

Foot Locker Price Performance

Shares of NYSE:FL traded up $0.36 during midday trading on Wednesday, hitting $26.01. The stock had a trading volume of 4,076,297 shares, compared to its average volume of 2,596,683. The company's 50-day moving average price is $24.74 and its 200-day moving average price is $19.53. The company has a market capitalization of $2.48 billion, a P/E ratio of -6.90, a price-to-earnings-growth ratio of 2.14 and a beta of 1.75. The company has a quick ratio of 0.49, a current ratio of 1.64 and a debt-to-equity ratio of 0.17. Foot Locker, Inc. has a fifty-two week low of $11.00 and a fifty-two week high of $33.94.

Foot Locker (NYSE:FL - Get Free Report) last issued its earnings results on Thursday, May 29th. The athletic footwear retailer reported ($0.07) EPS for the quarter, meeting the consensus estimate of ($0.07). The company had revenue of $1.79 billion during the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same period in the previous year, the company earned $0.22 EPS. As a group, equities research analysts predict that Foot Locker, Inc. will post 1.23 EPS for the current fiscal year.

Insider Activity at Foot Locker

In other news, CAO Giovanna Cipriano sold 22,383 shares of the business'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 directly owned 93,895 shares in the company, valued at approximately $2,337,985.50. The trade was a 19.25% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.89% of the company's stock.

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.