SG Americas Securities LLC Acquires 3,048 Shares of Foot Locker, Inc. (NYSE:FL)

SG Americas Securities LLC boosted its holdings in Foot Locker, Inc. (NYSE:FL) by 66.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,603 shares of the athletic footwear retailer’s stock after buying an additional 3,048 shares during the period. SG Americas Securities LLC’s holdings in Foot Locker were worth $196,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in FL. Patriot Financial Group Insurance Agency LLC increased its position in shares of Foot Locker by 3.1% during the second quarter. Patriot Financial Group Insurance Agency LLC now owns 14,235 shares of the athletic footwear retailer’s stock valued at $355,000 after purchasing an additional 431 shares during the period. Nisa Investment Advisors LLC increased its position in shares of Foot Locker by 1.2% during the second quarter. Nisa Investment Advisors LLC now owns 41,541 shares of the athletic footwear retailer’s stock valued at $1,035,000 after purchasing an additional 483 shares during the period. Arizona State Retirement System increased its position in shares of Foot Locker by 2.2% during the second quarter. Arizona State Retirement System now owns 23,808 shares of the athletic footwear retailer’s stock valued at $593,000 after purchasing an additional 518 shares during the period. SummerHaven Investment Management LLC increased its position in shares of Foot Locker by 2.5% during the second quarter. SummerHaven Investment Management LLC now owns 27,671 shares of the athletic footwear retailer’s stock valued at $690,000 after purchasing an additional 667 shares during the period. Finally, Fifth Third Bancorp increased its position in shares of Foot Locker by 116.0% during the second quarter. Fifth Third Bancorp now owns 1,365 shares of the athletic footwear retailer’s stock valued at $34,000 after purchasing an additional 733 shares during the period.

Analyst Ratings Changes

A number of analysts have recently issued reports on FL shares. Evercore ISI boosted their price objective on Foot Locker from $34.00 to $38.00 and gave the company an “outperform” rating in a research report on Monday, August 26th. StockNews.com cut Foot Locker from a “hold” rating to a “sell” rating in a research report on Friday, September 20th. Citigroup upped their price target on Foot Locker from $27.00 to $33.00 and gave the company a “neutral” rating in a research report on Tuesday, August 20th. Gordon Haskett initiated coverage on Foot Locker in a research report on Monday, October 7th. They issued an “accumulate” rating and a $27.00 price target on the stock. Finally, Morgan Stanley cut Foot Locker from an “equal weight” rating to an “underweight” rating and lowered their price target for the company from $24.00 to $18.00 in a research report on Thursday, July 18th. Five equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $25.94.

Insider Transactions at Foot Locker

In other news, major shareholder Vesa Equity Investment S.A R.L sold 1,500 shares of Foot Locker stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $32.90, for a total transaction of $49,350.00. Following the completion of the transaction, the insider now directly owns 11,402,353 shares in the company, valued at approximately $375,137,413.70. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last three months, insiders sold 787,566 shares of company stock worth $26,090,866. 1.20% of the stock is owned by company insiders.

Foot Locker Stock Down 0.2 %

NYSE:FL opened at $23.71 on Wednesday. The firm has a market capitalization of $2.25 billion, a price-to-earnings ratio of -6.26, a price-to-earnings-growth ratio of 0.60 and a beta of 1.43. Foot Locker, Inc. has a twelve month low of $19.44 and a twelve month high of $35.60. The stock’s 50 day moving average price is $27.51 and its two-hundred day moving average price is $25.53. The company has a quick ratio of 0.49, a current ratio of 1.66 and a debt-to-equity ratio of 0.15.

Foot Locker (NYSE:FL) last posted its quarterly earnings results on Wednesday, August 28th. The athletic footwear retailer reported ($0.05) earnings per share for the quarter, topping 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 for the quarter, compared to analyst estimates of $1.88 billion. Equities research analysts expect that Foot Locker, Inc. will post 1.49 earnings per share for the current fiscal year.

Foot Locker 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.