Foot Locker, Inc. (NYSE:FL) Shares Sold by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. trimmed its holdings in shares of Foot Locker, Inc. (NYSE:FL) by 7.9% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 12,888 shares of the athletic footwear retailer’s stock after selling 1,100 shares during the period. Crossmark Global Holdings Inc.’s holdings in Foot Locker were worth $321,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Fifth Third Bancorp grew its stake 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 worth $34,000 after acquiring an additional 733 shares during the last quarter. Quadrant Capital Group LLC boosted its stake in Foot Locker by 3,004.4% in the 4th quarter. Quadrant Capital Group LLC now owns 1,397 shares of the athletic footwear retailer’s stock worth $44,000 after purchasing an additional 1,352 shares in the last quarter. CWM LLC grew its position in Foot Locker by 26.7% during the 4th quarter. CWM LLC now owns 1,836 shares of the athletic footwear retailer’s stock worth $57,000 after purchasing an additional 387 shares during the last quarter. Covestor Ltd increased its stake in Foot Locker by 43,900.0% during the 1st quarter. Covestor Ltd now owns 2,200 shares of the athletic footwear retailer’s stock valued at $63,000 after purchasing an additional 2,195 shares in the last quarter. Finally, Sunbelt Securities Inc. purchased a new position in shares of Foot Locker in the first quarter worth $100,000.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Evercore ISI boosted their price objective on shares of Foot Locker from $34.00 to $38.00 and gave the company an “outperform” rating in a report on Monday, August 26th. Piper Sandler reissued a “neutral” rating and issued a $30.00 price objective on shares of Foot Locker in a report on Friday, August 23rd. Citigroup lifted their target price on Foot Locker from $27.00 to $33.00 and gave the stock a “neutral” rating in a report on Tuesday, August 20th. Morgan Stanley lowered Foot Locker from an “equal weight” rating to an “underweight” rating and dropped their target price for the company from $24.00 to $18.00 in a research report on Thursday, July 18th. Finally, Telsey Advisory Group reissued a “market perform” rating and set a $27.00 price target on shares of Foot Locker in a research report on Wednesday, August 28th. Five equities research analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $26.40.

Insider Activity at Foot Locker

In related 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 $375,137,413.70. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last ninety days, insiders sold 787,566 shares of company stock worth $26,090,866. 1.20% of the stock is owned by corporate insiders.

Foot Locker Stock Down 6.9 %

Shares of FL stock opened at $29.00 on Wednesday. The stock has a 50 day moving average of $27.84 and a 200 day moving average of $26.15. The company has a current ratio of 1.66, a quick ratio of 0.49 and a debt-to-equity ratio of 0.15. The stock has a market cap of $2.75 billion, a P/E ratio of -7.65, a P/E/G ratio of 0.76 and a beta of 1.44. Foot Locker, Inc. has a twelve month low of $16.68 and a twelve month high of $35.60.

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.