Cypress Capital Management LLC WY Decreases Holdings in Foot Locker, Inc. (NYSE:FL)

Cypress Capital Management LLC WY lowered its stake in shares of Foot Locker, Inc. (NYSE:FL) by 8.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,963 shares of the athletic footwear retailer’s stock after selling 3,185 shares during the period. Cypress Capital Management LLC WY’s holdings in Foot Locker were worth $761,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of FL. Chartwell Investment Partners LLC boosted its holdings in Foot Locker by 2.4% in the 3rd quarter. Chartwell Investment Partners LLC now owns 33,685 shares of the athletic footwear retailer’s stock valued at $870,000 after purchasing an additional 782 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. raised its position in shares of Foot Locker by 32.5% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,267 shares of the athletic footwear retailer’s stock valued at $84,000 after buying an additional 801 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in Foot Locker by 156.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,616 shares of the athletic footwear retailer’s stock valued at $40,000 after acquiring an additional 985 shares during the last quarter. Natixis Advisors LLC grew its position in Foot Locker by 8.9% in the third quarter. Natixis Advisors LLC now owns 12,867 shares of the athletic footwear retailer’s stock worth $332,000 after acquiring an additional 1,054 shares during the period. Finally, Vontobel Holding Ltd. increased its stake in Foot Locker by 12.2% during the third quarter. Vontobel Holding Ltd. now owns 11,144 shares of the athletic footwear retailer’s stock worth $288,000 after acquiring an additional 1,210 shares during the last quarter.

Wall Street Analyst Weigh In

Several brokerages have recently commented on FL. Morgan Stanley decreased their price target on Foot Locker from $17.00 to $16.00 and set an “underweight” rating on the stock in a research note on Friday, December 6th. Gordon Haskett started coverage on shares of Foot Locker in a research note on Monday, October 7th. They set an “accumulate” rating and a $27.00 target price for the company. UBS Group dropped their price target on shares of Foot Locker from $26.00 to $22.00 and set a “neutral” rating for the company in a research report on Thursday, December 5th. Evercore ISI decreased their price objective on shares of Foot Locker from $38.00 to $32.00 and set an “outperform” rating on the stock in a report on Tuesday, November 26th. Finally, Guggenheim dropped their target price on shares of Foot Locker from $34.00 to $28.00 and set a “buy” rating for the company in a report on Thursday, December 5th. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $24.94.

Foot Locker Trading Up 1.8 %

Shares of FL opened at $20.06 on Friday. Foot Locker, Inc. has a 1 year low of $19.33 and a 1 year high of $35.60. The company has a current ratio of 1.67, a quick ratio of 0.45 and a debt-to-equity ratio of 0.15. The stock has a 50-day simple moving average of $21.87 and a 200-day simple moving average of $24.91.

Foot Locker (NYSE:FL) last issued its quarterly earnings results on Wednesday, December 4th. The athletic footwear retailer reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.07). Foot Locker had a positive return on equity of 2.91% and a negative net margin of 5.24%. The firm had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $2.01 billion. During the same quarter in the prior year, the firm earned $0.30 EPS. The firm’s revenue was down 1.4% compared to the same quarter last year. As a group, equities analysts forecast that Foot Locker, Inc. will post 1.23 earnings per share for the current 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.