Foot Locker, Inc. (NYSE:FL) Shares Purchased by Rhumbline Advisers

Rhumbline Advisers boosted its stake in Foot Locker, Inc. (NYSE:FL) by 0.7% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 268,910 shares of the athletic footwear retailer’s stock after purchasing an additional 1,756 shares during the period. Rhumbline Advisers owned about 0.28% of Foot Locker worth $6,701,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. lifted its position in shares of Foot Locker by 9.4% during the 4th 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 last quarter. Principal Financial Group Inc. raised its stake in Foot Locker by 0.5% during the 4th quarter. Principal Financial Group Inc. now owns 488,863 shares of the athletic footwear retailer’s stock worth $15,228,000 after acquiring an additional 2,411 shares in the last quarter. Quadrant Capital Group LLC raised its stake in Foot Locker by 3,004.4% during the 4th quarter. Quadrant Capital Group LLC now owns 1,397 shares of the athletic footwear retailer’s stock worth $44,000 after acquiring an additional 1,352 shares in the last quarter. Anthracite Investment Company Inc. acquired a new stake in Foot Locker during the 4th quarter worth $2,604,000. Finally, Norges Bank acquired a new stake in Foot Locker during the 4th quarter worth $21,238,000.

Wall Street Analysts Forecast Growth

FL has been the topic of a number of recent research reports. Piper Sandler restated a “neutral” rating and issued a $30.00 price objective on shares of Foot Locker in a research note on Friday, August 23rd. Barclays upgraded shares of Foot Locker from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $27.00 to $34.00 in a research note on Thursday, August 29th. Morgan Stanley lowered shares of Foot Locker from an “equal weight” rating to an “underweight” rating and dropped their price target for the stock from $24.00 to $18.00 in a research note on Thursday, July 18th. Robert W. Baird boosted their price objective on shares of Foot Locker from $26.00 to $35.00 and gave the stock a “neutral” rating in a report on Monday, August 26th. Finally, Evercore ISI boosted their price objective 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 analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $26.40.

Insider Buying and Selling

In other Foot Locker news, major shareholder Vesa Equity Investment S.A R.L sold 246,886 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the insider now directly owns 11,146,292 shares of the company’s stock, valued at $367,047,395.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last three months, insiders sold 787,566 shares of company stock worth $26,090,866. 1.20% of the stock is owned by company insiders.

Foot Locker Stock Performance

Shares of FL opened at $26.95 on Friday. Foot Locker, Inc. has a 12-month low of $16.68 and a 12-month high of $35.60. The firm’s 50 day moving average is $28.17 and its 200-day moving average is $25.85. The stock has a market capitalization of $2.55 billion, a P/E ratio of -7.11, a P/E/G ratio of 0.59 and a beta of 1.44. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.66 and a quick ratio of 0.49.

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.