Foot Locker, Inc. (NYSE:FL) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC trimmed its holdings in Foot Locker, Inc. (NYSE:FL) by 8.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,394 shares of the athletic footwear retailer’s stock after selling 1,119 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Foot Locker were worth $320,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Dimensional Fund Advisors LP increased its stake in Foot Locker by 1.5% in the second 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 during the period. Allspring Global Investments Holdings LLC grew its holdings in shares of Foot Locker by 23.8% during the second quarter. Allspring Global Investments Holdings LLC now owns 2,900,439 shares of the athletic footwear retailer’s stock worth $72,279,000 after buying an additional 557,489 shares during the last quarter. Bank of New York Mellon Corp increased its position in Foot Locker by 0.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 689,542 shares of the athletic footwear retailer’s stock valued at $17,183,000 after acquiring an additional 4,891 shares during the period. Point72 Asset Management L.P. acquired a new stake in Foot Locker during the 2nd quarter worth approximately $10,005,000. Finally, Empowered Funds LLC lifted its position in Foot Locker by 5.4% during the 3rd quarter. Empowered Funds LLC now owns 385,521 shares of the athletic footwear retailer’s stock worth $9,962,000 after acquiring an additional 19,612 shares during the period.

Analyst Ratings Changes

FL has been the subject of a number of recent research reports. Williams Trading raised Foot Locker from a “sell” rating to a “hold” rating and increased their price objective for the stock from $17.00 to $21.00 in a research report on Wednesday. Robert W. Baird decreased their price objective on Foot Locker from $35.00 to $27.00 and set a “neutral” rating for the company in a research report on Wednesday, September 25th. Evercore ISI decreased their price objective on Foot Locker from $38.00 to $32.00 and set an “outperform” rating for the company in a research report on Tuesday. Citigroup increased their price objective on Foot Locker from $27.00 to $33.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 20th. Finally, Piper Sandler reaffirmed a “neutral” rating and set a $30.00 price objective on shares of Foot Locker in a research report on Friday, August 23rd. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Foot Locker currently has a consensus rating of “Hold” and a consensus target price of $26.56.

Foot Locker Stock Performance

NYSE FL opened at $25.31 on Friday. Foot Locker, Inc. has a 1-year low of $20.47 and a 1-year high of $35.60. The company has a market capitalization of $2.40 billion, a P/E ratio of -6.54, a PEG ratio of 0.72 and a beta of 1.44. The business has a 50 day moving average price of $24.40 and a 200 day moving average price of $25.77. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.66 and a quick ratio of 0.49.

Foot Locker (NYSE:FL) last released its quarterly earnings data on Wednesday, August 28th. The athletic footwear retailer reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.03. Foot Locker had a positive return on equity of 2.73% and a negative net margin of 4.48%. The firm had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.88 billion. Sell-side analysts expect that Foot Locker, Inc. will post 1.48 EPS for the current fiscal year.

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.