Victory Capital Management Inc. Sells 6,390 Shares of Foot Locker, Inc. (NYSE:FL)

Victory Capital Management Inc. decreased its stake in shares of Foot Locker, Inc. (NYSE:FL) by 28.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 15,931 shares of the athletic footwear retailer’s stock after selling 6,390 shares during the quarter. Victory Capital Management Inc.’s holdings in Foot Locker were worth $347,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Keybank National Association OH bought a new stake in Foot Locker in the 4th quarter valued at $213,000. Nicola Wealth Management LTD. bought a new stake in shares of Foot Locker in the fourth quarter valued at about $1,980,000. Charles Schwab Investment Management Inc. grew its stake in shares of Foot Locker by 5.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,176,449 shares of the athletic footwear retailer’s stock valued at $25,600,000 after acquiring an additional 62,866 shares in the last quarter. Smartleaf Asset Management LLC increased its position in Foot Locker by 198.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,876 shares of the athletic footwear retailer’s stock worth $63,000 after acquiring an additional 1,911 shares during the period. Finally, Proficio Capital Partners LLC acquired a new stake in Foot Locker in the 4th quarter worth about $241,000.

Foot Locker Trading Up 0.5 %

FL opened at $16.13 on Friday. The company has a market cap of $1.53 billion, a P/E ratio of -3.58, a PEG ratio of 0.53 and a beta of 1.55. 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 company’s 50 day moving average is $18.70 and its 200-day moving average is $22.06. Foot Locker, Inc. has a 1-year low of $14.98 and a 1-year high of $33.94.

Foot Locker (NYSE:FL) last issued its earnings results on Wednesday, March 5th. The athletic footwear retailer reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.13. The firm had revenue of $2.25 billion for the quarter, compared to analyst estimates of $2.32 billion. Foot Locker had a negative net margin of 5.24% and a positive return on equity of 2.91%. The company’s quarterly revenue was down 5.7% on a year-over-year basis. During the same quarter last year, the business posted $0.38 earnings per share. Equities research analysts predict that Foot Locker, Inc. will post 1.23 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have issued reports on FL shares. UBS Group decreased their target price on shares of Foot Locker from $22.00 to $21.00 and set a “neutral” rating on the stock in a research report on Thursday, March 6th. Robert W. Baird reduced their price target on Foot Locker from $24.00 to $20.00 and set a “neutral” rating on the stock in a research report on Thursday, March 6th. Evercore ISI dropped their price objective on Foot Locker from $30.00 to $22.00 and set an “outperform” rating for the company in a report on Monday, March 3rd. Piper Sandler cut their target price on Foot Locker from $23.00 to $19.00 and set a “neutral” rating for the company in a research report on Thursday, March 6th. Finally, Guggenheim decreased their price target on Foot Locker from $34.00 to $28.00 and set a “buy” rating on the stock in a research report on Thursday, December 5th. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $22.81.

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.