Ulice Payne, Jr. Sells 1,100 Shares of Foot Locker, Inc. (NYSE:FL) Stock

Foot Locker, Inc. (NYSE:FL) Director Ulice Payne, Jr. sold 1,100 shares of the company’s stock in a transaction on Friday, December 27th. The shares were sold at an average price of $22.51, for a total transaction of $24,761.00. Following the transaction, the director now owns 18,301 shares of the company’s stock, valued at approximately $411,955.51. The trade was a 5.67 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Foot Locker Stock Performance

NYSE:FL opened at $21.76 on Thursday. The stock has a market capitalization of $2.06 billion, a P/E ratio of -4.82, a price-to-earnings-growth ratio of 0.86 and a beta of 1.46. The company has a current ratio of 1.67, a quick ratio of 0.45 and a debt-to-equity ratio of 0.15. Foot Locker, Inc. has a 1 year low of $19.33 and a 1 year high of $35.60. The firm has a 50 day moving average of $23.16 and a 200-day moving average of $25.47.

Foot Locker (NYSE:FL) last announced its earnings results on Wednesday, December 4th. The athletic footwear retailer reported $0.33 EPS for the quarter, missing the consensus estimate 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 business had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $2.01 billion. During the same quarter in the previous year, the company posted $0.30 EPS. Foot Locker’s revenue for the quarter was down 1.4% on a year-over-year basis. As a group, sell-side analysts anticipate that Foot Locker, Inc. will post 1.23 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently commented on FL. Guggenheim cut their price objective on shares of Foot Locker from $34.00 to $28.00 and set a “buy” rating for the company in a research report on Thursday, December 5th. Williams Trading raised Foot Locker from a “sell” rating to a “hold” rating and lifted their price objective for the stock from $17.00 to $21.00 in a report on Wednesday, November 27th. Barclays cut their target price on Foot Locker from $34.00 to $29.00 and set an “overweight” rating for the company in a research note on Friday, December 6th. Morgan Stanley decreased their price target on shares of Foot Locker from $17.00 to $16.00 and set an “underweight” rating on the stock in a research note on Friday, December 6th. Finally, Gordon Haskett started 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 for the company. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $25.18.

Hedge Funds Weigh In On Foot Locker

Institutional investors have recently modified their holdings of the stock. Bank of New York Mellon Corp grew its position in shares of Foot Locker by 0.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 689,542 shares of the athletic footwear retailer’s stock worth $17,183,000 after buying an additional 4,891 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Foot Locker by 7.4% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,855 shares of the athletic footwear retailer’s stock valued at $470,000 after acquiring an additional 1,294 shares during the period. Natixis Advisors LLC boosted its stake in Foot Locker by 7.0% during the 2nd quarter. Natixis Advisors LLC now owns 11,813 shares of the athletic footwear retailer’s stock worth $294,000 after acquiring an additional 775 shares during the last quarter. Rhumbline Advisers grew its holdings in Foot Locker by 0.7% during the second quarter. Rhumbline Advisers now owns 268,910 shares of the athletic footwear retailer’s stock valued at $6,701,000 after purchasing an additional 1,756 shares during the period. Finally, Arizona State Retirement System increased its stake in Foot Locker by 2.2% in 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 in the last quarter.

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.