Amalgamated Bank Has $627,000 Position in Foot Locker, Inc. (NYSE:FL)

Amalgamated Bank cut its stake in shares of Foot Locker, Inc. (NYSE:FL) by 3.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,258 shares of the athletic footwear retailer’s stock after selling 859 shares during the quarter. Amalgamated Bank’s holdings in Foot Locker were worth $627,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Quarry LP bought a new stake in shares of Foot Locker during the 2nd quarter valued at approximately $31,000. Fifth Third Bancorp grew its holdings in Foot Locker by 116.0% during the 2nd quarter. Fifth Third Bancorp now owns 1,365 shares of the athletic footwear retailer’s stock worth $34,000 after acquiring an additional 733 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in Foot Locker by 156.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,616 shares of the athletic footwear retailer’s stock worth $40,000 after acquiring an additional 985 shares during the last quarter. Headlands Technologies LLC bought a new stake in Foot Locker during the 2nd quarter worth approximately $43,000. Finally, nVerses Capital LLC bought a new stake in Foot Locker during the 3rd quarter worth approximately $47,000.

Wall Street Analyst Weigh In

FL has been the topic of a number of research reports. Telsey Advisory Group reissued a “market perform” rating and set a $27.00 target price on shares of Foot Locker in a report on Wednesday, August 28th. Citigroup boosted their target price on shares of Foot Locker from $27.00 to $33.00 and gave the stock a “neutral” rating in a report on Tuesday, August 20th. Gordon Haskett initiated coverage on shares of Foot Locker in a research note on Monday, October 7th. They issued an “accumulate” rating and a $27.00 price objective on the stock. Piper Sandler reaffirmed a “neutral” rating and issued a $30.00 price objective on shares of Foot Locker in a research note on Friday, August 23rd. Finally, StockNews.com cut shares of Foot Locker from a “hold” rating to a “sell” rating in a report on Friday, September 20th. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Foot Locker presently has a consensus rating of “Hold” and a consensus price target of $26.53.

Insider Buying and Selling

In related news, major shareholder Vesa Equity Investment S.A R.L sold 539,180 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the insider now owns 10,393,592 shares of the company’s stock, valued at approximately $345,275,126.24. The trade was a 4.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last 90 days, insiders sold 787,566 shares of company stock worth $26,090,866. Insiders own 1.20% of the company’s stock.

Foot Locker Stock Down 0.6 %

FL opened at $23.61 on Friday. 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 company’s 50-day moving average is $24.82 and its 200 day moving average is $25.71. Foot Locker, Inc. has a fifty-two week low of $20.47 and a fifty-two week high of $35.60. The firm has a market capitalization of $2.24 billion, a P/E ratio of -6.10, a PEG ratio of 0.59 and a beta of 1.44.

Foot Locker (NYSE:FL) last posted its quarterly earnings data on Wednesday, August 28th. The athletic footwear retailer reported ($0.05) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.03. Foot Locker had a negative net margin of 4.48% and a positive return on equity of 2.73%. The business had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.88 billion. Research analysts expect that Foot Locker, Inc. will post 1.5 earnings per share for the current fiscal year.

Foot Locker Company 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.