Foot Locker, Inc. (NYSE:FL) Shares Sold by LSV Asset Management

LSV Asset Management trimmed its position in shares of Foot Locker, Inc. (NYSE:FL - Free Report) by 33.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,769,165 shares of the athletic footwear retailer's stock after selling 1,410,314 shares during the period. LSV Asset Management owned about 2.94% of Foot Locker worth $86,259,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of FL. CWM LLC increased its holdings in shares of Foot Locker by 26.7% in the fourth quarter. CWM LLC now owns 1,836 shares of the athletic footwear retailer's stock worth $57,000 after buying an additional 387 shares during the period. International Assets Investment Management LLC purchased a new position in Foot Locker in the 4th quarter worth approximately $100,000. Signaturefd LLC lifted its position in Foot Locker by 105.9% in the third quarter. Signaturefd LLC now owns 5,272 shares of the athletic footwear retailer's stock valued at $91,000 after purchasing an additional 2,712 shares during the last quarter. Atria Wealth Solutions Inc. purchased a new stake in shares of Foot Locker during the fourth quarter valued at approximately $210,000. Finally, Raymond James Financial Services Advisors Inc. bought a new position in shares of Foot Locker in the fourth quarter worth approximately $211,000.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. StockNews.com cut shares of Foot Locker from a "hold" rating to a "sell" rating in a research report on Tuesday, April 30th. Morgan Stanley cut their price objective on Foot Locker from $28.00 to $26.00 and set an "equal weight" rating on the stock in a research report on Thursday, March 7th. Jefferies Financial Group dropped their price target on Foot Locker from $25.00 to $24.00 and set a "hold" rating for the company in a research note on Wednesday, March 6th. Telsey Advisory Group reissued a "market perform" rating and set a $28.00 price objective (down from $38.00) on shares of Foot Locker in a research report on Thursday, March 7th. Finally, Citigroup raised shares of Foot Locker from a "sell" rating to a "neutral" rating and lifted their target price for the company from $19.00 to $24.00 in a research note on Friday, March 22nd. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Foot Locker has an average rating of "Hold" and an average price target of $24.94.

Foot Locker Stock Up 1.7 %

Shares of FL traded up $0.36 during trading hours on Friday, hitting $21.81. The company had a trading volume of 2,347,729 shares, compared to its average volume of 2,902,795. Foot Locker, Inc. has a 52-week low of $14.84 and a 52-week high of $42.19. The firm has a fifty day moving average price of $25.07 and a 200-day moving average price of $26.37. The stock has a market capitalization of $2.06 billion, a price-to-earnings ratio of -6.23, a P/E/G ratio of 0.52 and a beta of 1.50. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.55 and a current ratio of 1.72.

Foot Locker (NYSE:FL - Get Free Report) last announced its quarterly earnings data on Wednesday, March 6th. The athletic footwear retailer reported $0.38 earnings per share for the quarter, topping analysts' consensus estimates of $0.34 by $0.04. The company had revenue of $2.38 billion during the quarter, compared to analyst estimates of $2.28 billion. Foot Locker had a negative net margin of 4.04% and a positive return on equity of 4.25%. The firm's revenue for the quarter was up 2.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.97 EPS. On average, equities research analysts forecast that Foot Locker, Inc. will post 1.55 EPS 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.