Victory Capital Management Inc. Has $1.33 Million Stock Position in Foot Locker, Inc. (NYSE:FL)

Victory Capital Management Inc. lessened its holdings in shares of Foot Locker, Inc. (NYSE:FLFree Report) by 97.4% in the third quarter, Holdings Channel.com reports. The firm owned 76,372 shares of the athletic footwear retailer’s stock after selling 2,894,918 shares during the period. Victory Capital Management Inc.’s holdings in Foot Locker were worth $1,325,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FL. Raymond James Financial Services Advisors Inc. bought a new position in shares of Foot Locker in the first quarter worth $611,000. HighTower Advisors LLC grew its holdings in Foot Locker by 4.9% during the 1st quarter. HighTower Advisors LLC now owns 14,934 shares of the athletic footwear retailer’s stock valued at $443,000 after buying an additional 704 shares in the last quarter. AlphaCrest Capital Management LLC increased its position in shares of Foot Locker by 19.4% during the first quarter. AlphaCrest Capital Management LLC now owns 13,103 shares of the athletic footwear retailer’s stock valued at $389,000 after buying an additional 2,125 shares during the period. MetLife Investment Management LLC lifted its holdings in shares of Foot Locker by 29.0% in the first quarter. MetLife Investment Management LLC now owns 56,469 shares of the athletic footwear retailer’s stock worth $1,675,000 after buying an additional 12,703 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of Foot Locker by 6.9% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 32,002 shares of the athletic footwear retailer’s stock valued at $949,000 after acquiring an additional 2,059 shares during the period.

Foot Locker Price Performance

Shares of NYSE:FL opened at $29.36 on Monday. The company’s fifty day moving average is $29.35 and its 200 day moving average is $24.16. The company has a quick ratio of 0.35, a current ratio of 1.63 and a debt-to-equity ratio of 0.14. Foot Locker, Inc. has a 52 week low of $14.84 and a 52 week high of $47.00. The stock has a market cap of $2.76 billion, a PE ratio of 35.37 and a beta of 1.41.

Foot Locker (NYSE:FLGet Free Report) last released its earnings results on Wednesday, November 29th. The athletic footwear retailer reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.07. The company had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.96 billion. Foot Locker had a return on equity of 5.83% and a net margin of 0.96%. Foot Locker’s revenue for the quarter was down 8.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.27 EPS. Research analysts anticipate that Foot Locker, Inc. will post 1.37 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on FL shares. StockNews.com upgraded shares of Foot Locker to a “sell” rating in a research note on Wednesday, November 29th. Morgan Stanley boosted their target price on Foot Locker from $20.00 to $26.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 30th. Piper Sandler raised Foot Locker from a “neutral” rating to an “overweight” rating and raised their price target for the company from $24.00 to $33.00 in a report on Thursday, December 14th. JPMorgan Chase & Co. downgraded Foot Locker from a “neutral” rating to an “underweight” rating and dropped their price target for the company from $20.00 to $17.00 in a research report on Tuesday, October 24th. Finally, Williams Trading restated a “sell” rating and issued a $15.00 price objective on shares of Foot Locker in a research report on Wednesday, November 22nd. Six equities research analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $26.05.

Check Out Our Latest Analysis on Foot Locker

Foot Locker Profile

(Free Report)

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 youth culture 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.

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Institutional Ownership by Quarter for Foot Locker (NYSE:FL)

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