Foot Locker, Inc. (NYSE:FL) Director Sells $24,761.00 in Stock

Foot Locker, Inc. (NYSE:FL) Director Ulice Payne, Jr. sold 1,100 shares of the firm’s stock in a transaction on Friday, December 27th. The stock was sold at an average price of $22.51, for a total value of $24,761.00. Following the sale, the director now directly owns 18,301 shares of the company’s stock, valued at approximately $411,955.51. This represents a 5.67 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Foot Locker Trading Down 1.1 %

Shares of NYSE FL opened at $21.76 on Thursday. The business has a 50 day simple moving average of $23.16 and a 200 day simple moving average of $25.47. Foot Locker, Inc. has a 52 week low of $19.33 and a 52 week high of $35.60. The stock has a market cap of $2.06 billion, a price-to-earnings ratio of -4.82, a PEG ratio of 0.86 and a beta of 1.46. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.45 and a current ratio of 1.67.

Foot Locker (NYSE:FL) last released its quarterly earnings data on Wednesday, December 4th. The athletic footwear retailer reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.07). The business had revenue of $1.96 billion during the quarter, compared to analyst estimates of $2.01 billion. Foot Locker had a negative net margin of 5.24% and a positive return on equity of 2.91%. The firm’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.30 EPS. On average, research analysts predict that Foot Locker, Inc. will post 1.23 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

FL has been the subject of a number of analyst reports. The Goldman Sachs Group reduced their price objective on shares of Foot Locker from $25.00 to $22.00 and set a “sell” rating for the company in a research note on Thursday, December 5th. JPMorgan Chase & Co. decreased their price objective on shares of Foot Locker from $27.00 to $23.00 and set an “underweight” rating for the company in a research note on Wednesday, December 4th. Needham & Company LLC reissued a “buy” rating and set a $25.00 target price on shares of Foot Locker in a research note on Wednesday, December 18th. Telsey Advisory Group decreased their target price on Foot Locker from $30.00 to $24.00 and set a “market perform” rating for the company in a research report on Thursday, December 5th. Finally, UBS Group dropped their price target on Foot Locker from $26.00 to $22.00 and set a “neutral” rating on the stock in a research report on Thursday, December 5th. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $25.18.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Quarry LP bought a new stake in Foot Locker during the second quarter worth approximately $31,000. Northwestern Mutual Wealth Management Co. grew its stake in Foot Locker by 156.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,616 shares of the athletic footwear retailer’s stock valued at $40,000 after buying an additional 985 shares during the last quarter. Headlands Technologies LLC bought a new position in Foot Locker in the 2nd quarter worth $43,000. nVerses Capital LLC acquired a new position in Foot Locker during the 3rd quarter worth $47,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in Foot Locker during the third quarter valued at about $58,000.

About Foot Locker

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.