Illinois Municipal Retirement Fund Sells 4,466 Shares of Foot Locker, Inc. (NYSE:FL)

Illinois Municipal Retirement Fund lessened its stake in Foot Locker, Inc. (NYSE:FL) by 8.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 46,021 shares of the athletic footwear retailer’s stock after selling 4,466 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Foot Locker were worth $649,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Harbour Investments Inc. lifted its position in Foot Locker by 81.6% in the 4th quarter. Harbour Investments Inc. now owns 1,442 shares of the athletic footwear retailer’s stock valued at $31,000 after acquiring an additional 648 shares in the last quarter. Aster Capital Management DIFC Ltd purchased a new position in shares of Foot Locker in the fourth quarter worth $32,000. GAMMA Investing LLC lifted its holdings in shares of Foot Locker by 250.6% during the first quarter. GAMMA Investing LLC now owns 2,468 shares of the athletic footwear retailer’s stock valued at $35,000 after purchasing an additional 1,764 shares in the last quarter. Sterling Capital Management LLC boosted its position in shares of Foot Locker by 819.2% during the fourth quarter. Sterling Capital Management LLC now owns 2,629 shares of the athletic footwear retailer’s stock valued at $57,000 after buying an additional 2,343 shares during the last quarter. Finally, Pingora Partners LLC purchased a new stake in shares of Foot Locker during the fourth quarter valued at $61,000.

Foot Locker Stock Performance

NYSE:FL opened at $24.78 on Thursday. The stock has a 50-day simple moving average of $20.56 and a two-hundred day simple moving average of $18.77. Foot Locker, Inc. has a 52-week low of $11.00 and a 52-week high of $33.94. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.49 and a current ratio of 1.64. The firm has a market capitalization of $2.36 billion, a PE ratio of -6.57, a P/E/G ratio of 2.09 and a beta of 1.72.

Foot Locker (NYSE:FL) last announced its quarterly earnings data on Thursday, May 29th. The athletic footwear retailer reported ($0.07) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.07). The company had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.86 billion. Foot Locker had a positive return on equity of 3.65% and a negative net margin of 4.54%. The firm’s revenue was down 4.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.22 EPS. Analysts forecast that Foot Locker, Inc. will post 1.23 EPS for the current year.

Analyst Upgrades and Downgrades

FL has been the subject of a number of recent analyst reports. The Goldman Sachs Group decreased their target price on Foot Locker from $19.00 to $17.00 and set a “sell” rating for the company in a research report on Tuesday, April 22nd. Telsey Advisory Group reissued a “market perform” rating and set a $24.00 price objective on shares of Foot Locker in a report on Friday, May 30th. Evercore ISI dropped their target price on shares of Foot Locker from $22.00 to $15.00 and set an “outperform” rating on the stock in a report on Friday, April 11th. Robert W. Baird set a $24.00 target price on shares of Foot Locker in a research note on Thursday, May 29th. Finally, UBS Group lowered their price target on Foot Locker from $22.00 to $21.00 and set a “neutral” rating on the stock in a report on Thursday, March 6th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $21.20.

Insider Buying and Selling at Foot Locker

In other news, CAO Giovanna Cipriano sold 22,383 shares of the stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $24.90, for a total value of $557,336.70. Following the completion of the sale, the chief accounting officer directly owned 93,895 shares of the company’s stock, valued at $2,337,985.50. This represents a 19.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.89% of the stock is currently owned by insiders.

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.