Foot Locker, Inc. (NYSE:FL) Shares Sold by Fox Run Management L.L.C.

Fox Run Management L.L.C. decreased its stake in shares of Foot Locker, Inc. (NYSE:FL) by 35.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,571 shares of the athletic footwear retailer’s stock after selling 5,261 shares during the period. Fox Run Management L.L.C.’s holdings in Foot Locker were worth $208,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FL. Allspring Global Investments Holdings LLC boosted its stake in Foot Locker by 88.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 5,323,597 shares of the athletic footwear retailer’s stock valued at $115,365,000 after buying an additional 2,500,396 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of 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 valued at $31,114,000 after purchasing an additional 333,247 shares in the last quarter. Stifel Financial Corp boosted its position in shares of Foot Locker by 43.3% during the 3rd quarter. Stifel Financial Corp now owns 897,904 shares of the athletic footwear retailer’s stock valued at $23,202,000 after purchasing an additional 271,297 shares in the last quarter. Sei Investments Co. raised its holdings in shares of Foot Locker by 140.8% in the 4th quarter. Sei Investments Co. now owns 412,988 shares of the athletic footwear retailer’s stock worth $8,987,000 after purchasing an additional 241,504 shares in the last quarter. Finally, Peregrine Capital Management LLC acquired a new stake in Foot Locker during the fourth quarter valued at approximately $5,123,000.

Foot Locker Trading Down 4.9 %

Foot Locker stock opened at $14.52 on Friday. The company has a quick ratio of 0.45, a current ratio of 1.67 and a debt-to-equity ratio of 0.15. Foot Locker, Inc. has a 12 month low of $14.34 and a 12 month high of $33.94. The company’s fifty day simple moving average is $18.15 and its 200-day simple moving average is $21.69. The stock has a market cap of $1.38 billion, a P/E ratio of -3.22, a P/E/G ratio of 0.53 and a beta of 1.55.

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

Analyst Upgrades and Downgrades

Several research firms have issued reports on FL. The Goldman Sachs Group decreased their price target on shares of Foot Locker from $25.00 to $22.00 and set a “sell” rating on the stock in a research report on Thursday, December 5th. UBS Group cut their target price on Foot Locker from $22.00 to $21.00 and set a “neutral” rating on the stock in a research report on Thursday, March 6th. Needham & Company LLC reiterated a “buy” rating and issued a $24.00 price target on shares of Foot Locker in a research report on Wednesday, March 5th. Morgan Stanley cut their price objective on Foot Locker from $17.00 to $16.00 and set an “underweight” rating on the stock in a report on Friday, December 6th. Finally, Barclays set a $24.00 target price on shares of Foot Locker in a report on Wednesday, March 5th. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $22.81.

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.