Insider Selling: Foot Locker, Inc. (NYSE:FL) CAO Sells 22,383 Shares of Stock

Foot Locker, Inc. (NYSE:FL - Get Free Report) 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 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 $2,337,985.50. The trade was a 19.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Foot Locker Price Performance

Shares of Foot Locker stock traded down $0.17 during mid-day trading on Wednesday, reaching $24.78. 8,857,737 shares of the stock traded hands, compared to its average volume of 4,078,416. The business has a 50-day moving average of $20.29 and a 200 day moving average of $18.73. Foot Locker, Inc. has a fifty-two week low of $11.00 and a fifty-two week high of $33.94. The stock has a market capitalization of $2.36 billion, a PE ratio of -6.57, a PEG ratio of 2.09 and a beta of 1.72. 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 (NYSE:FL - Get Free Report) last posted its quarterly earnings results on Thursday, May 29th. The athletic footwear retailer reported ($0.07) EPS for the quarter, meeting 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 analysts' expectations of $1.86 billion. During the same quarter last year, the firm earned $0.22 earnings per share. The business's revenue for the quarter was down 4.6% on a year-over-year basis. On average, analysts predict that Foot Locker, Inc. will post 1.23 EPS for the current year.

Institutional Investors Weigh In On Foot Locker

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its position in 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 worth $228,589,000 after acquiring an additional 210,832 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of Foot Locker by 4.5% during the first quarter. Goldman Sachs Group Inc. now owns 3,174,832 shares of the athletic footwear retailer's stock worth $44,765,000 after buying an additional 136,836 shares during the period. Jacobs Levy Equity Management Inc. boosted its position in shares of Foot Locker by 20.2% during the first quarter. Jacobs Levy Equity Management Inc. now owns 2,290,707 shares of the athletic footwear retailer's stock worth $32,299,000 after buying an additional 384,301 shares during the period. American Century Companies Inc. boosted its position in shares of Foot Locker by 17.0% during the first quarter. American Century Companies Inc. now owns 1,940,528 shares of the athletic footwear retailer's stock worth $27,361,000 after buying an additional 281,322 shares during the period. Finally, Cramer Rosenthal Mcglynn LLC boosted its position in shares of Foot Locker by 8.5% during the first quarter. Cramer Rosenthal Mcglynn LLC now owns 1,736,845 shares of the athletic footwear retailer's stock worth $24,490,000 after buying an additional 135,982 shares during the period.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. UBS Group decreased their target price on Foot Locker from $22.00 to $21.00 and set a "neutral" rating on the stock in a research note on Thursday, March 6th. Barclays cut Foot Locker from an "overweight" rating to an "equal weight" rating in a report on Thursday, May 29th. 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. JPMorgan Chase & Co. raised Foot Locker from an "underweight" rating to a "neutral" rating and lifted their target price for the company from $16.00 to $24.00 in a research report on Thursday, May 15th. Finally, Evercore ISI decreased their target price on Foot Locker from $22.00 to $15.00 and set an "outperform" rating for the company in a research report on Friday, April 11th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price 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.

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