Insider Selling: Foot Locker, Inc. (NYSE:FL) Director Sells 1,100 Shares of Stock

Foot Locker, Inc. (NYSE:FL) Director Ulice Payne, Jr. sold 1,100 shares of the firm’s stock in a transaction on Friday, December 27th. The stock was sold at an average price of $22.51, for a total value of $24,761.00. Following the transaction, the director now owns 18,301 shares in the company, valued at $411,955.51. This trade represents a 5.67 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Foot Locker Stock Down 3.8 %

Shares of NYSE:FL traded down $0.88 during trading on Monday, reaching $22.00. 2,824,052 shares of the company traded hands, compared to its average volume of 3,360,931. The firm has a fifty day simple moving average of $23.28 and a 200 day simple moving average of $25.54. The company has a quick ratio of 0.45, a current ratio of 1.67 and a debt-to-equity ratio of 0.15. Foot Locker, Inc. has a 1-year low of $19.33 and a 1-year high of $35.60. The firm has a market cap of $2.09 billion, a P/E ratio of -4.88, a price-to-earnings-growth ratio of 0.86 and a beta of 1.46.

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

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. Morgan Stanley decreased their price target on shares of Foot Locker from $17.00 to $16.00 and set an “underweight” rating for the company in a report on Friday, December 6th. Evercore ISI cut their price target on Foot Locker from $38.00 to $32.00 and set an “outperform” rating on the stock in a report on Tuesday, November 26th. The Goldman Sachs Group lowered their price objective on Foot Locker from $25.00 to $22.00 and set a “sell” rating for the company in a research note on Thursday, December 5th. Guggenheim cut their target price on Foot Locker from $34.00 to $28.00 and set a “buy” rating on the stock in a research note on Thursday, December 5th. Finally, Jefferies Financial Group lowered their price target on shares of Foot Locker from $27.00 to $22.00 and set a “hold” rating for the company in a research report on Wednesday, December 4th. Four research 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. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $25.18.

Hedge Funds Weigh In On Foot Locker

A number of hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its position in shares of Foot Locker by 1.5% in the second quarter. Dimensional Fund Advisors LP now owns 4,700,102 shares of the athletic footwear retailer’s stock worth $117,123,000 after buying an additional 71,152 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Foot Locker by 1.3% in 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 purchasing an additional 25,394 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its position in 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. grew its holdings in Foot Locker by 3.6% during 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 purchasing an additional 38,318 shares during the last quarter. Finally, Stifel Financial Corp lifted its stake in shares of Foot Locker by 43.3% in the third quarter. Stifel Financial Corp now owns 897,904 shares of the athletic footwear retailer’s stock worth $23,202,000 after buying an additional 271,297 shares during the last quarter.

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.