Susquehanna Fundamental Investments LLC Trims Stake in Foot Locker, Inc. (NYSE:FL)

Susquehanna Fundamental Investments LLC trimmed its holdings in shares of Foot Locker, Inc. (NYSE:FL) by 28.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 87,106 shares of the athletic footwear retailer’s stock after selling 35,296 shares during the quarter. Susquehanna Fundamental Investments LLC owned about 0.09% of Foot Locker worth $2,171,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in FL. Norges Bank bought a new stake in Foot Locker during the fourth quarter worth about $21,238,000. US Bancorp DE lifted its stake in Foot Locker by 14.8% during the fourth quarter. US Bancorp DE now owns 38,455 shares of the athletic footwear retailer’s stock worth $1,198,000 after purchasing an additional 4,965 shares during the last quarter. TFO Wealth Partners LLC lifted its stake in Foot Locker by 158,600.0% during the fourth quarter. TFO Wealth Partners LLC now owns 6,348 shares of the athletic footwear retailer’s stock worth $198,000 after purchasing an additional 6,344 shares during the last quarter. CIBC Asset Management Inc bought a new stake in Foot Locker during the fourth quarter worth about $285,000. Finally, Verition Fund Management LLC lifted its stake in Foot Locker by 106.0% during the fourth quarter. Verition Fund Management LLC now owns 300,696 shares of the athletic footwear retailer’s stock worth $9,367,000 after purchasing an additional 154,708 shares during the last quarter.

Insiders Place Their Bets

In other Foot Locker news, major shareholder Vesa Equity Investment S.A R.L sold 539,180 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $33.22, for a total transaction of $17,911,559.60. Following the transaction, the insider now owns 10,393,592 shares in the company, valued at approximately $345,275,126.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last quarter, insiders have sold 787,566 shares of company stock worth $26,090,866. Company insiders own 1.20% of the company’s stock.

Foot Locker Trading Down 2.2 %

FL opened at $25.84 on Tuesday. The business has a 50 day simple moving average of $28.69 and a two-hundred day simple moving average of $25.69. The firm has a market capitalization of $2.45 billion, a price-to-earnings ratio of -6.82, a PEG ratio of 0.64 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, Inc. has a one year low of $17.19 and a one year high of $35.60.

Foot Locker (NYSE:FL) last released its quarterly earnings results on Wednesday, August 28th. The athletic footwear retailer reported ($0.05) EPS for the quarter, beating 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 business had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.88 billion. Analysts predict that Foot Locker, Inc. will post 1.51 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on FL shares. Wedbush reaffirmed a “neutral” rating and set a $25.00 price target on shares of Foot Locker in a research note on Wednesday, June 12th. Telsey Advisory Group reissued a “market perform” rating and issued a $27.00 target price on shares of Foot Locker in a research note on Wednesday, August 28th. Robert W. Baird lowered their target price on Foot Locker from $35.00 to $27.00 and set a “neutral” rating for the company in a research note on Wednesday, September 25th. Morgan Stanley lowered Foot Locker from an “equal weight” rating to an “underweight” rating and lowered their target price for the company from $24.00 to $18.00 in a research note on Thursday, July 18th. Finally, Barclays raised Foot Locker from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $27.00 to $34.00 in a research note on Thursday, August 29th. Five equities research analysts have rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $25.87.

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.