State Treasurer State of Michigan lessened its stake in shares of Foot Locker, Inc. (NYSE:FL) by 8.8% during the 4th quarter, HoldingsChannel.com reports. The fund owned 36,328 shares of the athletic footwear retailer’s stock after selling 3,500 shares during the quarter. State Treasurer State of Michigan’s holdings in Foot Locker were worth $1,703,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Bank of New York Mellon Corp raised its holdings in shares of Foot Locker by 32.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 3,591,593 shares of the athletic footwear retailer’s stock worth $126,495,000 after acquiring an additional 870,899 shares during the period. APG Asset Management N.V. raised its holdings in shares of Foot Locker by 11.2% during the 3rd quarter. APG Asset Management N.V. now owns 2,776,631 shares of the athletic footwear retailer’s stock worth $97,793,000 after acquiring an additional 279,200 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Foot Locker by 36.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,329,354 shares of the athletic footwear retailer’s stock worth $46,817,000 after acquiring an additional 357,669 shares during the period. Rockefeller Financial Services Inc. purchased a new position in shares of Foot Locker during the 3rd quarter worth $42,618,000. Finally, Legal & General Group Plc raised its holdings in Foot Locker by 7.3% in the 3rd quarter. Legal & General Group Plc now owns 781,654 shares of the athletic footwear retailer’s stock valued at $27,528,000 after buying an additional 53,224 shares during the period. Institutional investors and hedge funds own 89.78% of the company’s stock.

In other Foot Locker news, SVP Giovanna Cipriano sold 21,000 shares of the business’s stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $50.05, for a total transaction of $1,051,050.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Richard A. Johnson sold 25,000 shares of the business’s stock in a transaction dated Friday, January 19th. The stock was sold at an average price of $50.05, for a total transaction of $1,251,250.00. The disclosure for this sale can be found here. Insiders have sold 56,899 shares of company stock worth $2,801,692 over the last quarter. Insiders own 1.73% of the company’s stock.

Several analysts recently issued reports on the stock. B. Riley restated a “neutral” rating on shares of Foot Locker in a report on Wednesday, November 1st. Zacks Investment Research upgraded shares of Foot Locker from a “sell” rating to a “hold” rating in a report on Monday, October 23rd. Wedbush restated an “outperform” rating on shares of Foot Locker in a report on Monday, February 5th. OTR Global upgraded shares of Foot Locker to a “positive” rating in a report on Friday, February 9th. Finally, Barclays boosted their price objective on shares of Foot Locker from $55.00 to $60.00 and gave the company an “overweight” rating in a report on Tuesday, January 30th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Foot Locker currently has a consensus rating of “Buy” and a consensus price target of $56.15.

Shares of Foot Locker, Inc. (FL) opened at $46.65 on Wednesday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.09 and a current ratio of 4.41. The stock has a market cap of $5,616.64, a PE ratio of 11.72, a price-to-earnings-growth ratio of 2.15 and a beta of 0.80. Foot Locker, Inc. has a one year low of $28.42 and a one year high of $77.86.

Foot Locker (NYSE:FL) last issued its quarterly earnings results on Friday, November 17th. The athletic footwear retailer reported $0.87 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.07. The company had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.82 billion. Foot Locker had a net margin of 6.79% and a return on equity of 19.96%. The business’s revenue for the quarter was down .8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.13 earnings per share. sell-side analysts anticipate that Foot Locker, Inc. will post 4.1 EPS for the current fiscal year.

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Foot Locker Profile

Foot Locker, Inc is a retailer of shoes and apparel. The Company operates through two segments: Athletic Stores and Direct-to-Customers. The Company is an athletic footwear and apparel retailer, which include businesses, such as include Foot Locker, Kids Foot Locker, Lady Foot Locker, Champs Sports, Footaction, Runners Point, Sidestep and SIX:02.

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Institutional Ownership by Quarter for Foot Locker (NYSE:FL)

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