Foot Locker, Inc. (NYSE:FL) Shares Sold by LSV Asset Management

LSV Asset Management reduced its holdings in shares of Foot Locker, Inc. (NYSE:FL – Free Report) by 65.6% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 737,948 shares of the athletic footwear retailer’s stock after selling 1,406,537 shares during the quarter. LSV Asset Management owned 0.78% of Foot Locker worth $18,390,000 as of its most recent SEC filing.

Several other hedge funds have recently bought and sold shares of FL. Private Advisor Group LLC acquired a new stake in Foot Locker in the 4th quarter valued at $1,160,000. Charles Schwab Investment Management Inc. raised its position in Foot Locker by 9.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 954,663 shares of the athletic footwear retailer’s stock worth $29,738,000 after purchasing an additional 81,684 shares in the last quarter. Principal Financial Group Inc. lifted its position in Foot Locker by 0.5% during the fourth quarter. Principal Financial Group Inc. now owns 488,863 shares of the athletic footwear retailer’s stock worth $15,228,000 after purchasing an additional 2,411 shares in the last quarter. ARGA Investment Management LP acquired a new position in Foot Locker in the 4th quarter valued at about $216,000. Finally, Quadrant Capital Group LLC grew its position in Foot Locker by 3,004.4% in the fourth quarter. Quadrant Capital Group LLC now owns 1,397 shares of the athletic footwear retailer’s stock valued at $44,000 after acquiring an additional 1,352 shares in the last quarter.

Indoor activity

In related news, major shareholder Vesa Equity Investment SA RL sold 539,180 shares of the stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $33.22, for a total transaction of $17,911,559.60. Following the sale, the insider now owns 10,393,592 shares in the company, valued at $345,275,126.24. The transaction was disclosed in a filing with the SEC, which is available via this hyperlink. Over the last three months, insiders have sold 787,566 shares of company stock worth $26,090,866. Company insiders own 1.20% of the company’s shares.

Foot Locker stock down 1.1%

Shares of FL stock opened at $24.87 on Wednesday. The firm has a market cap of $2.36 billion, a price-to-earnings ratio of -6.56, a PEG ratio of 0.64 and a beta of 1.44. Foot Locker, Inc. has a 1 year low of $16.68 and a 1 year high of $35.60. The firm has a fifty day moving average price of $28.02 and a two hundred day moving average price of $25.91. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.66, and a quick ratio of 0.49.

The Wall Street analyst weighs in

FL has been the subject of a number of recent research reports. Citigroup upped their target price on shares of Foot Locker from $27.00 to $33.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 20th. Evercore ISI boosted their price objective on shares of Foot Locker from $34.00 to $38.00 and gave the company an “outperform” rating in a research report on Monday, August 26th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $27.00 target price on shares of Foot Locker in a research report on Wednesday, August 28th. Morgan Stanley downgraded Foot Locker from an “equal weight” rating to an “underweight” rating and cut their price target for the company from $24.00 to $18.00 in a report on Thursday, July 18th. Finally, Robert W. Baird lifted their price objective on Foot Locker from $26.00 to $35.00 and gave the stock a “neutral” rating in a report on Monday, August 26th. Five analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Foot Locker presently has an average rating of “Hold” and an average target price of $26.40.

Check out the latest stock analysis on Foot Locker

About Foot Locker

(Free Report)

Foot Locker, Inc., through its subsidiaries, operates as a footwear and apparel distributor in North America, Europe, Australia, New Zealand, Asia and the Middle East. Its portfolio of brands includes Foot Locker, a brand that encompasses sports shoes and apparel; Kids Foot Locker, which offers sports shoes, clothing and accessories for children; and Champs Sports, which operates as a mall-based specialty athletic apparel and footwear retailer.

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