Ulice Payne, Jr. Sells 1,100 Shares of Foot Locker, Inc. (NYSE:FL) Stock

Foot Locker, Inc. (NYSE:FL) Director Ulice Payne, Jr. sold 1,100 shares of Foot Locker stock in a transaction dated Friday, December 27th. The stock was sold at an average price of $22.51, for a total value of $24,761.00. Following the completion of the transaction, the director now owns 18,301 shares in the company, valued at $411,955.51. The trade was a 5.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Foot Locker Price Performance

Shares of NYSE FL traded down $0.88 during midday trading on Monday, reaching $22.00. 2,824,052 shares of the company traded hands, compared to its average volume of 3,360,931. Foot Locker, Inc. has a 12 month low of $19.33 and a 12 month high of $35.60. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.45 and a current ratio of 1.67. The stock’s 50-day simple moving average is $23.28 and its 200-day simple moving average is $25.54. The firm has a market cap of $2.09 billion, a PE ratio of -4.88, a PEG ratio of 0.86 and a beta of 1.46.

Foot Locker (NYSE:FL) last announced its quarterly earnings results 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 firm had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $2.01 billion. Foot Locker had a negative net margin of 5.24% and a positive return on equity of 2.91%. The company’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.30 earnings per share. As a group, equities analysts anticipate that Foot Locker, Inc. will post 1.23 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have commented on FL. StockNews.com downgraded Foot Locker from a “hold” rating to a “sell” rating in a research report on Friday, September 20th. Williams Trading upgraded shares of Foot Locker from a “sell” rating to a “hold” rating and upped their target price for the company from $17.00 to $21.00 in a research note on Wednesday, November 27th. Guggenheim decreased their price target on shares of Foot Locker from $34.00 to $28.00 and set a “buy” rating on the stock in a research report on Thursday, December 5th. Needham & Company LLC restated a “buy” rating and set a $25.00 price objective on shares of Foot Locker in a report on Wednesday, December 18th. Finally, UBS Group reduced their target price on shares of Foot Locker from $26.00 to $22.00 and set a “neutral” rating for the company in a research note on Thursday, December 5th. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Foot Locker currently has a consensus rating of “Hold” and a consensus target price of $25.18.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of FL. Dimensional Fund Advisors LP increased its holdings in Foot Locker by 1.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,700,102 shares of the athletic footwear retailer’s stock valued at $117,123,000 after purchasing an additional 71,152 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Foot Locker by 1.3% during the third quarter. Geode Capital Management LLC now owns 1,908,253 shares of the athletic footwear retailer’s stock worth $49,319,000 after purchasing an additional 25,394 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its holdings in shares of Foot Locker by 10.3% in the third quarter. Jacobs Levy Equity Management Inc. now owns 1,135,474 shares of the athletic footwear retailer’s stock valued at $29,341,000 after buying an additional 106,402 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Foot Locker by 3.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,113,583 shares of the athletic footwear retailer’s stock worth $28,775,000 after buying an additional 38,318 shares in the last quarter. Finally, Stifel Financial Corp grew its holdings in Foot Locker by 43.3% during the 3rd quarter. Stifel Financial Corp now owns 897,904 shares of the athletic footwear retailer’s stock worth $23,202,000 after acquiring an additional 271,297 shares during the last quarter.

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.