Jump Financial LLC Sells 98,876 Shares of Foot Locker, Inc. (NYSE:FL)

Jump Financial LLC decreased its stake in Foot Locker, Inc. (NYSE:FL - Free Report) by 62.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 59,657 shares of the athletic footwear retailer's stock after selling 98,876 shares during the period. Jump Financial LLC owned 0.06% of Foot Locker worth $1,298,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FL. Vanguard Group Inc. lifted its holdings in Foot Locker by 2.0% during the 4th quarter. Vanguard Group Inc. now owns 10,505,006 shares of the athletic footwear retailer's stock worth $228,589,000 after purchasing an additional 210,832 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Foot Locker by 88.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 5,323,597 shares of the athletic footwear retailer's stock worth $115,365,000 after buying an additional 2,500,396 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Foot Locker by 1.3% in the third quarter. Geode Capital Management LLC now owns 1,908,253 shares of the athletic footwear retailer's stock valued at $49,319,000 after acquiring an additional 25,394 shares during the period. American Century Companies Inc. grew its stake 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 valued at $36,104,000 after acquiring an additional 81,814 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in Foot Locker by 30.4% during the 4th quarter. Bank of New York Mellon Corp now owns 1,429,870 shares of the athletic footwear retailer's stock worth $31,114,000 after acquiring an additional 333,247 shares during the period.

Analyst Upgrades and Downgrades

FL has been the subject of a number of recent analyst reports. Needham & Company LLC restated a "buy" rating and set a $24.00 price target on shares of Foot Locker in a research report on Wednesday, March 5th. Jefferies Financial Group decreased their target price on Foot Locker from $22.00 to $19.00 and set a "hold" rating on the stock in a research note on Wednesday, March 5th. The Goldman Sachs Group dropped their price target on Foot Locker from $19.00 to $17.00 and set a "sell" rating for the company in a research report on Tuesday. Evercore ISI decreased their price objective on shares of Foot Locker from $22.00 to $15.00 and set an "outperform" rating on the stock in a research report on Friday, April 11th. Finally, Robert W. Baird dropped their target price on shares of Foot Locker from $24.00 to $20.00 and set a "neutral" rating for the company in a research report on Thursday, March 6th. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $21.38.

Foot Locker Trading Down 2.0 %

FL stock traded down $0.24 during midday trading on Friday, hitting $11.76. The company had a trading volume of 2,517,433 shares, compared to its average volume of 3,461,570. The stock has a market cap of $1.12 billion, a price-to-earnings ratio of -2.61, a PEG ratio of 0.53 and a beta of 1.41. Foot Locker, Inc. has a 52 week low of $11.00 and a 52 week high of $33.94. The company has a current ratio of 1.67, a quick ratio of 0.45 and a debt-to-equity ratio of 0.15. The stock's 50 day moving average price is $14.86 and its 200 day moving average price is $19.66.

Foot Locker (NYSE:FL - Get Free Report) last released its quarterly earnings results on Wednesday, March 5th. The athletic footwear retailer reported $0.86 EPS for the quarter, beating analysts' consensus estimates of $0.73 by $0.13. Foot Locker had a positive return on equity of 2.91% and a negative net margin of 5.24%. The business had revenue of $2.25 billion during the quarter, compared to analyst estimates of $2.32 billion. During the same quarter in the prior year, the company posted $0.38 EPS. Foot Locker's quarterly revenue was down 5.7% compared to the same quarter last year. As a group, equities research analysts expect that Foot Locker, Inc. will post 1.23 earnings per share for the current fiscal year.

About Foot Locker

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.