State of Alaska Department of Revenue Sells 1,243 Shares of Foot Locker, Inc. (NYSE:FL)

State of Alaska Department of Revenue lessened its holdings in shares of Foot Locker, Inc. (NYSE:FL) by 2.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 47,025 shares of the athletic footwear retailer’s stock after selling 1,243 shares during the quarter. State of Alaska Department of Revenue’s holdings in Foot Locker were worth $1,215,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of FL. Patriot Financial Group Insurance Agency LLC raised its position in Foot Locker by 3.1% during the second quarter. Patriot Financial Group Insurance Agency LLC now owns 14,235 shares of the athletic footwear retailer’s stock valued at $355,000 after purchasing an additional 431 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of Foot Locker by 1.2% during the 2nd quarter. Nisa Investment Advisors LLC now owns 41,541 shares of the athletic footwear retailer’s stock valued at $1,035,000 after buying an additional 483 shares in the last quarter. Arizona State Retirement System boosted its stake in Foot Locker by 2.2% in the second quarter. Arizona State Retirement System now owns 23,808 shares of the athletic footwear retailer’s stock worth $593,000 after buying an additional 518 shares in the last quarter. SummerHaven Investment Management LLC grew its position in Foot Locker by 2.5% during the second quarter. SummerHaven Investment Management LLC now owns 27,671 shares of the athletic footwear retailer’s stock valued at $690,000 after acquiring an additional 667 shares during the last quarter. Finally, Fifth Third Bancorp raised its stake in shares of Foot Locker by 116.0% during the second quarter. Fifth Third Bancorp now owns 1,365 shares of the athletic footwear retailer’s stock worth $34,000 after acquiring an additional 733 shares in the last quarter.

Insider Buying and Selling

In other Foot Locker news, major shareholder Vesa Equity Investment S.A R.L sold 539,180 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $33.22, for a total transaction of $17,911,559.60. Following the completion of the transaction, the insider now owns 10,393,592 shares of the company’s stock, valued at approximately $345,275,126.24. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold 787,566 shares of company stock valued at $26,090,866 over the last quarter. Corporate insiders own 1.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. StockNews.com lowered shares of Foot Locker from a “hold” rating to a “sell” rating in a report on Friday, September 20th. Robert W. Baird lowered their price objective on Foot Locker from $35.00 to $27.00 and set a “neutral” rating for the company in a research report on Wednesday, September 25th. Piper Sandler restated a “neutral” rating and issued a $30.00 target price on shares of Foot Locker in a report on Friday, August 23rd. Barclays upgraded shares of Foot Locker from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $27.00 to $34.00 in a report on Thursday, August 29th. Finally, Evercore ISI raised their price target on shares of Foot Locker from $34.00 to $38.00 and gave the stock an “outperform” rating in a report on Monday, August 26th. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $26.53.

Foot Locker Stock Up 3.3 %

Shares of NYSE:FL opened at $23.96 on Monday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.49 and a current ratio of 1.66. Foot Locker, Inc. has a 52-week low of $19.44 and a 52-week high of $35.60. The firm has a market capitalization of $2.27 billion, a P/E ratio of -6.19, a P/E/G ratio of 0.57 and a beta of 1.44. The stock has a 50 day moving average price of $25.91 and a 200-day moving average price of $25.55.

Foot Locker (NYSE:FL) last announced its quarterly earnings data on Wednesday, August 28th. The athletic footwear retailer reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.08) by $0.03. The business had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.88 billion. Foot Locker had a positive return on equity of 2.73% and a negative net margin of 4.48%. As a group, equities research analysts anticipate that Foot Locker, Inc. will post 1.49 EPS for the current fiscal year.

Foot Locker Company Profile

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.