SG Americas Securities LLC Sells 1,010 Shares of Foot Locker, Inc. (NYSE:FL)

SG Americas Securities LLC lowered its position in shares of Foot Locker, Inc. (NYSE:FL) by 13.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,593 shares of the athletic footwear retailer’s stock after selling 1,010 shares during the quarter. SG Americas Securities LLC’s holdings in Foot Locker were worth $143,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in FL. Geode Capital Management LLC grew its holdings in Foot Locker by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 1,908,253 shares of the athletic footwear retailer’s stock worth $49,319,000 after acquiring an additional 25,394 shares during the period. Jacobs Levy Equity Management Inc. raised its position in shares of Foot Locker by 10.3% during the third quarter. Jacobs Levy Equity Management Inc. now owns 1,135,474 shares of the athletic footwear retailer’s stock worth $29,341,000 after purchasing an additional 106,402 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Foot Locker by 3.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,113,583 shares of the athletic footwear retailer’s stock valued at $28,775,000 after buying an additional 38,318 shares in the last quarter. Stifel Financial Corp boosted its stake in Foot Locker by 43.3% in the 3rd quarter. Stifel Financial Corp now owns 897,904 shares of the athletic footwear retailer’s stock worth $23,202,000 after purchasing an additional 271,297 shares during the period. Finally, Point72 Asset Management L.P. raised its stake in shares of Foot Locker by 37.0% in the 3rd quarter. Point72 Asset Management L.P. now owns 549,997 shares of the athletic footwear retailer’s stock valued at $14,212,000 after purchasing an additional 148,523 shares during the period.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on FL. Morgan Stanley cut their price objective on shares of Foot Locker from $17.00 to $16.00 and set an “underweight” rating on the stock in a research report on Friday, December 6th. Jefferies Financial Group dropped their target price on shares of Foot Locker from $27.00 to $22.00 and set a “hold” rating on the stock in a report on Wednesday, December 4th. Robert W. Baird dropped their price target on Foot Locker from $27.00 to $24.00 and set a “neutral” rating on the stock in a research note on Thursday, December 5th. JPMorgan Chase & Co. decreased their price objective on shares of Foot Locker from $23.00 to $20.00 and set an “underweight” rating on the stock in a report on Friday, January 24th. Finally, Barclays cut their target price on shares of Foot Locker from $34.00 to $29.00 and set an “overweight” rating for the company in a research note on Friday, December 6th. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $24.94.

Foot Locker Trading Up 5.6 %

NYSE FL opened at $19.05 on Tuesday. Foot Locker, Inc. has a 52 week low of $18.04 and a 52 week high of $35.60. The business has a 50 day moving average price of $21.08 and a 200-day moving average price of $24.57. The company has a quick ratio of 0.45, a current ratio of 1.67 and a debt-to-equity ratio of 0.15. The company has a market cap of $1.81 billion, a price-to-earnings ratio of -4.22, a P/E/G ratio of 0.53 and a beta of 1.48.

Foot Locker (NYSE:FL) last announced its earnings results on Wednesday, December 4th. The athletic footwear retailer reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.07). Foot Locker had a positive return on equity of 2.91% and a negative net margin of 5.24%. The business had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $2.01 billion. During the same quarter in the previous year, the firm earned $0.30 EPS. Foot Locker’s quarterly revenue was down 1.4% on a year-over-year basis. As a group, equities 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.