Foot Locker (NYSE:FL) Trading Down 3.3%

Foot Locker, Inc. (NYSE:FL)’s share price traded down 3.3% on Monday . The stock traded as low as $25.26 and last traded at $25.29. 1,253,849 shares traded hands during mid-day trading, a decline of 62% from the average session volume of 3,307,669 shares. The stock had previously closed at $26.16.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Robert W. Baird upped their price objective on Foot Locker from $26.00 to $35.00 and gave the company a “neutral” rating in a report on Monday, August 26th. Piper Sandler restated a “neutral” rating and set a $30.00 price target on shares of Foot Locker in a report on Friday, August 23rd. Telsey Advisory Group reissued a “market perform” rating and set a $27.00 target price on shares of Foot Locker in a research report on Wednesday, August 28th. StockNews.com downgraded Foot Locker from a “hold” rating to a “sell” rating in a report on Wednesday, June 19th. Finally, Wedbush reaffirmed a “neutral” rating and issued a $25.00 target price on shares of Foot Locker in a report on Wednesday, June 12th. Five research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $26.40.

Foot Locker Trading Down 2.5 %

The company has a quick ratio of 0.49, a current ratio of 1.66 and a debt-to-equity ratio of 0.15. The business’s fifty day moving average is $28.02 and its 200 day moving average is $25.91. The stock has a market cap of $2.30 billion, a PE ratio of -6.56, a P/E/G ratio of 0.64 and a beta of 1.44.

Insider Buying and Selling

In related news, major shareholder Vesa Equity Investment S.A R.L sold 246,886 shares of the stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $32.93, for a total value of $8,129,955.98. Following the sale, the insider now directly owns 11,146,292 shares of the company’s stock, valued at approximately $367,047,395.56. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders have sold a total of 787,566 shares of company stock worth $26,090,866 in the last quarter. Company insiders own 1.20% of the company’s stock.

Hedge Funds Weigh In On Foot Locker

Institutional investors and hedge funds have recently modified their holdings of the company. Dimensional Fund Advisors LP grew its holdings in Foot Locker by 1.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,700,102 shares of the athletic footwear retailer’s stock valued at $117,123,000 after buying an additional 71,152 shares during the period. Allspring Global Investments Holdings LLC increased its position in Foot Locker by 23.8% during the second quarter. Allspring Global Investments Holdings LLC now owns 2,900,439 shares of the athletic footwear retailer’s stock worth $72,279,000 after purchasing an additional 557,489 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Foot Locker by 9.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 954,663 shares of the athletic footwear retailer’s stock worth $29,738,000 after purchasing an additional 81,684 shares during the period. Jacobs Levy Equity Management Inc. boosted its holdings in shares of Foot Locker by 326.4% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 921,273 shares of the athletic footwear retailer’s stock valued at $26,256,000 after purchasing an additional 705,237 shares during the last quarter. Finally, Invenomic Capital Management LP increased its holdings in shares of Foot Locker by 54.3% during the 1st quarter. Invenomic Capital Management LP now owns 752,320 shares of the athletic footwear retailer’s stock worth $21,441,000 after buying an additional 264,598 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.