Foot Locker, Inc. (NYSE:FL) Shares Acquired by Arizona State Retirement System

Arizona State Retirement System boosted its position in Foot Locker, Inc. (NYSE:FL) by 2.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 23,808 shares of the athletic footwear retailer’s stock after purchasing an additional 518 shares during the quarter. Arizona State Retirement System’s holdings in Foot Locker were worth $593,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. raised its position in shares of Foot Locker by 9.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 954,663 shares of the athletic footwear retailer’s stock valued at $29,738,000 after buying an additional 81,684 shares during the last quarter. Principal Financial Group Inc. raised its holdings in Foot Locker by 0.5% in the 4th quarter. Principal Financial Group Inc. now owns 488,863 shares of the athletic footwear retailer’s stock valued at $15,228,000 after acquiring an additional 2,411 shares during the last quarter. Quadrant Capital Group LLC lifted its stake in shares of 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 purchasing an additional 1,352 shares during the period. Norges Bank acquired a new stake in shares of Foot Locker during the fourth quarter worth $21,238,000. Finally, Aigen Investment Management LP purchased a new stake in shares of Foot Locker in the fourth quarter valued at $3,052,000.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on FL. Citigroup increased their target price on Foot Locker from $27.00 to $33.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 20th. Robert W. Baird boosted their target price on shares of Foot Locker from $26.00 to $35.00 and gave the company a “neutral” rating in a report on Monday, August 26th. Morgan Stanley downgraded shares of Foot Locker from an “equal weight” rating to an “underweight” rating and cut their price target for the stock from $24.00 to $18.00 in a research note on Thursday, July 18th. Telsey Advisory Group reissued a “market perform” rating and set a $27.00 price objective on shares of Foot Locker in a research note on Wednesday, August 28th. Finally, Evercore ISI increased their target price on Foot Locker from $34.00 to $38.00 and gave the stock an “outperform” rating in a research report on Monday, August 26th. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $26.40.

Foot Locker Price Performance

FL opened at $26.94 on Monday. Foot Locker, Inc. has a twelve month low of $16.68 and a twelve month high of $35.60. The firm has a market cap of $2.56 billion, a price-to-earnings ratio of -7.11, a PEG ratio of 0.61 and a beta of 1.44. The company has a current ratio of 1.66, a quick ratio of 0.49 and a debt-to-equity ratio of 0.15. The company has a fifty day simple moving average of $28.17 and a 200 day simple moving average of $25.73.

Insider Buying and Selling at Foot Locker

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

Foot Locker 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.