US Bancorp DE Has $566,000 Stake in Foot Locker, Inc. (NYSE:FL)

US Bancorp DE boosted its position in shares of Foot Locker, Inc. (NYSE:FL) by 41.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 40,177 shares of the athletic footwear retailer’s stock after buying an additional 11,733 shares during the quarter. US Bancorp DE’s holdings in Foot Locker were worth $566,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Cramer Rosenthal Mcglynn LLC bought a new position in Foot Locker in the fourth quarter valued at approximately $34,835,000. Jacobs Levy Equity Management Inc. lifted its stake in shares of Foot Locker by 67.9% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 1,906,406 shares of the athletic footwear retailer’s stock valued at $41,483,000 after purchasing an additional 770,932 shares during the period. Voloridge Investment Management LLC boosted its position in shares of Foot Locker by 66.8% in the 4th quarter. Voloridge Investment Management LLC now owns 737,299 shares of the athletic footwear retailer’s stock worth $16,044,000 after purchasing an additional 295,243 shares during the last quarter. Bayberry Capital Partners LP bought a new stake in shares of Foot Locker in the 4th quarter valued at about $6,352,000. Finally, Twinbeech Capital LP acquired a new stake in Foot Locker in the fourth quarter worth $5,715,000.

Insider Buying and Selling

In other Foot Locker news, CAO Giovanna Cipriano sold 22,383 shares of the company’s 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 transaction, the chief accounting officer directly owned 93,895 shares in the company, valued at $2,337,985.50. The trade was a 19.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.20% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

FL has been the subject of a number of research analyst reports. JPMorgan Chase & Co. raised Foot Locker from an “underweight” rating to a “neutral” rating and boosted their target price for the company from $16.00 to $24.00 in a research note on Thursday, May 15th. Gordon Haskett lowered shares of Foot Locker from a “moderate buy” rating to a “hold” rating in a research note on Thursday, May 15th. Robert W. Baird set a $24.00 price objective on shares of Foot Locker in a report on Thursday, May 29th. The Goldman Sachs Group dropped their price target on Foot Locker from $19.00 to $17.00 and set a “sell” rating on the stock in a research note on Tuesday, April 22nd. Finally, Barclays downgraded Foot Locker from an “overweight” rating to an “equal weight” rating in a research report on Thursday, May 29th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Foot Locker has an average rating of “Hold” and a consensus target price of $21.20.

Foot Locker Price Performance

NYSE:FL opened at $24.68 on Tuesday. The stock has a market capitalization of $2.35 billion, a PE ratio of -6.55, a P/E/G ratio of 2.06 and a beta of 1.75. The company has a current ratio of 1.64, a quick ratio of 0.49 and a debt-to-equity ratio of 0.17. The firm has a fifty day simple moving average of $24.66 and a 200 day simple moving average of $19.44. Foot Locker, Inc. has a 1-year low of $11.00 and a 1-year high of $33.94.

Foot Locker (NYSE:FL) last released its quarterly earnings data on Thursday, May 29th. The athletic footwear retailer reported ($0.07) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.07). The firm had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.86 billion. Foot Locker had a positive return on equity of 3.65% and a negative net margin of 4.54%. The business’s revenue for the quarter was down 4.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.22 earnings per share. On average, research analysts expect that Foot Locker, Inc. will post 1.23 EPS for the current fiscal year.

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.