Evergreen Capital Management LLC Has $227,000 Holdings in Foot Locker, Inc. (NYSE:FL)

Evergreen Capital Management LLC trimmed its stake in Foot Locker, Inc. (NYSE:FL) by 6.2% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 9,126 shares of the athletic footwear retailer’s stock after selling 605 shares during the period. Evergreen Capital Management LLC’s holdings in Foot Locker were worth $227,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in FL. Patriot Financial Group Insurance Agency LLC lifted its position in Foot Locker by 3.1% in the second quarter. Patriot Financial Group Insurance Agency LLC now owns 14,235 shares of the athletic footwear retailer’s stock worth $355,000 after purchasing an additional 431 shares during the period. Nisa Investment Advisors LLC lifted its holdings in shares of Foot Locker by 1.2% during the 2nd quarter. Nisa Investment Advisors LLC now owns 41,541 shares of the athletic footwear retailer’s stock worth $1,035,000 after acquiring an additional 483 shares during the period. Arizona State Retirement System boosted its position in shares of Foot Locker by 2.2% during the 2nd quarter. Arizona State Retirement System now owns 23,808 shares of the athletic footwear retailer’s stock valued at $593,000 after acquiring an additional 518 shares in the last quarter. SummerHaven Investment Management LLC increased its stake in Foot Locker by 2.5% in the second quarter. SummerHaven Investment Management LLC now owns 27,671 shares of the athletic footwear retailer’s stock valued at $690,000 after acquiring an additional 667 shares during the period. Finally, Fifth Third Bancorp raised its position in Foot Locker by 116.0% in the second quarter. Fifth Third Bancorp now owns 1,365 shares of the athletic footwear retailer’s stock worth $34,000 after purchasing an additional 733 shares in the last quarter.

Analysts Set New Price Targets

FL has been the topic of a number of recent research reports. Citigroup lifted their price objective on Foot Locker from $27.00 to $33.00 and gave the company a “neutral” rating in a report on Tuesday, August 20th. Barclays upgraded Foot Locker from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $27.00 to $34.00 in a research report on Thursday, August 29th. Robert W. Baird cut their price objective on Foot Locker from $35.00 to $27.00 and set a “neutral” rating for the company in a report on Wednesday. Morgan Stanley cut shares of Foot Locker from an “equal weight” rating to an “underweight” rating and dropped their target price for the stock from $24.00 to $18.00 in a research report on Thursday, July 18th. Finally, Piper Sandler restated a “neutral” rating and issued a $30.00 price target on shares of Foot Locker in a research report on Friday, August 23rd. Five analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Foot Locker currently has a consensus rating of “Hold” and a consensus price target of $25.87.

Insider Buying and Selling

In other Foot Locker news, major shareholder Vesa Equity Investment S.A R.L sold 246,886 shares of the firm’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 transaction, the insider now directly owns 11,146,292 shares of the company’s stock, valued at $367,047,395.56. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders sold a total of 787,566 shares of company stock valued at $26,090,866 over the last ninety days. Insiders own 1.20% of the company’s stock.

Foot Locker Stock Up 0.3 %

Shares of FL opened at $26.41 on Friday. The firm has a market capitalization of $2.50 billion, a price-to-earnings ratio of -6.97, a PEG ratio of 0.67 and a beta of 1.44. Foot Locker, Inc. has a 52 week low of $16.73 and a 52 week high of $35.60. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.49 and a current ratio of 1.66. The business’s fifty day moving average price is $28.69 and its two-hundred day moving average price is $25.65.

Foot Locker (NYSE:FL) last announced its quarterly earnings data on Wednesday, August 28th. The athletic footwear retailer reported ($0.05) EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.03. Foot Locker had a positive return on equity of 2.73% and a negative net margin of 4.48%. The firm had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.88 billion. On average, analysts predict that Foot Locker, Inc. will post 1.51 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.