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

CIBC Asset Management Inc lowered its stake in Foot Locker, Inc. (NYSE:FL) by 6.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,423 shares of the athletic footwear retailer’s stock after selling 572 shares during the quarter. CIBC Asset Management Inc’s holdings in Foot Locker were worth $210,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Fifth Third Bancorp lifted its stake in Foot Locker by 116.0% during the second quarter. Fifth Third Bancorp now owns 1,365 shares of the athletic footwear retailer’s stock valued at $34,000 after buying an additional 733 shares in the last quarter. Quadrant Capital Group LLC lifted its stake in Foot Locker by 3,004.4% during the fourth quarter. Quadrant Capital Group LLC now owns 1,397 shares of the athletic footwear retailer’s stock valued at $44,000 after buying an additional 1,352 shares in the last quarter. Covestor Ltd increased its holdings in shares of Foot Locker by 43,900.0% in the 1st quarter. Covestor Ltd now owns 2,200 shares of the athletic footwear retailer’s stock valued at $63,000 after purchasing an additional 2,195 shares during the period. Innealta Capital LLC acquired a new position in shares of Foot Locker in the 2nd quarter valued at about $91,000. Finally, Sunbelt Securities Inc. acquired a new position in shares of Foot Locker in the 1st quarter valued at about $100,000.

Insiders Place Their Bets

In other news, major shareholder Vesa Equity Investment S.A R.L sold 246,886 shares of the firm’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $32.93, for a total value of $8,129,955.98. Following the completion of the sale, the insider now directly owns 11,146,292 shares in the company, valued at $367,047,395.56. The sale was disclosed in a filing with the SEC, which is accessible through this link. Over the last quarter, insiders have sold 787,566 shares of company stock valued at $26,090,866. 1.20% of the stock is currently owned by corporate insiders.

Foot Locker Stock Down 3.9 %

Shares of FL opened at $25.14 on Tuesday. The company has a market capitalization of $2.38 billion, a P/E ratio of -6.63, a PEG ratio of 0.64 and a beta of 1.44. Foot Locker, Inc. has a one year low of $16.68 and a one year high of $35.60. The business’s 50 day simple moving average is $27.99 and its 200-day simple moving average is $25.99. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.66 and a quick ratio of 0.49.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Telsey Advisory Group reiterated a “market perform” rating and issued a $27.00 target price on shares of Foot Locker in a report on Wednesday, August 28th. Morgan Stanley downgraded Foot Locker from an “equal weight” rating to an “underweight” rating and dropped their target price for the company from $24.00 to $18.00 in a report on Thursday, July 18th. StockNews.com downgraded Foot Locker from a “hold” rating to a “sell” rating in a report on Wednesday, June 19th. Barclays upgraded Foot Locker from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $27.00 to $34.00 in a report on Thursday, August 29th. Finally, Evercore ISI increased their price objective on Foot Locker from $34.00 to $38.00 and gave the stock an “outperform” rating in a report on Monday, August 26th. Five analysts have rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Foot Locker has a consensus rating of “Hold” and an average price target of $26.40.

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.