Foot Locker, Inc. (NYSE:FL) Position Trimmed by Patriot Financial Group Insurance Agency LLC

Patriot Financial Group Insurance Agency LLC trimmed its stake in Foot Locker, Inc. (NYSE:FL) by 6.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,415 shares of the athletic footwear retailer’s stock after selling 687 shares during the quarter. Patriot Financial Group Insurance Agency LLC’s holdings in Foot Locker were worth $205,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. Quarry LP purchased a new position in Foot Locker in the second quarter valued at about $31,000. Northwestern Mutual Wealth Management Co. increased its holdings in Foot Locker by 156.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,616 shares of the athletic footwear retailer’s stock worth $40,000 after buying an additional 985 shares during the last quarter. nVerses Capital LLC bought a new position in Foot Locker during the third quarter valued at approximately $47,000. Wilmington Savings Fund Society FSB acquired a new stake in Foot Locker in the third quarter valued at approximately $58,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in Foot Locker in the second quarter worth approximately $61,000.

Wall Street Analyst Weigh In

FL has been the topic of a number of recent research reports. Needham & Company LLC cut their price target on shares of Foot Locker from $25.00 to $24.00 and set a “buy” rating on the stock in a report on Friday, January 24th. Robert W. Baird cut their target price on Foot Locker from $27.00 to $24.00 and set a “neutral” rating on the stock in a report on Thursday, December 5th. Williams Trading upgraded Foot Locker from a “sell” rating to a “hold” rating and upped their price target for the stock from $17.00 to $21.00 in a research note on Wednesday, November 27th. 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 research note on Friday, December 6th. Finally, Telsey Advisory Group decreased their target price on Foot Locker from $30.00 to $24.00 and set a “market perform” rating for the company in a research report on Thursday, December 5th. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $24.94.

Foot Locker Stock Up 0.5 %

Shares of FL opened at $19.74 on Thursday. Foot Locker, Inc. has a 52 week low of $19.33 and a 52 week high of $35.60. The firm has a market capitalization of $1.87 billion, a P/E ratio of -4.38, a P/E/G ratio of 0.82 and a beta of 1.49. The company has a 50-day simple moving average of $21.92 and a 200-day simple moving average of $24.94. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.45 and a current ratio of 1.67.

Foot Locker (NYSE:FL) last announced its quarterly earnings data on Wednesday, December 4th. The athletic footwear retailer reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.07). The firm had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $2.01 billion. Foot Locker had a positive return on equity of 2.91% and a negative net margin of 5.24%. Foot Locker’s revenue was down 1.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.30 EPS. On average, equities research analysts expect that Foot Locker, Inc. will post 1.23 earnings per share for the current 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.