Goldman Sachs Group Inc. Decreases Position in Foot Locker, Inc. (NYSE:FL)

Goldman Sachs Group Inc. lessened its position in Foot Locker, Inc. (NYSE:FLFree Report) by 2.2% during the fourth quarter, Holdings Channel.com reports. The fund owned 3,407,389 shares of the athletic footwear retailer’s stock after selling 74,876 shares during the period. Goldman Sachs Group Inc.’s holdings in Foot Locker were worth $106,140,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Quadrant Capital Group LLC grew its holdings 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 acquiring an additional 1,352 shares during the last quarter. CWM LLC boosted its stake in shares of Foot Locker by 26.7% during the 4th quarter. CWM LLC now owns 1,836 shares of the athletic footwear retailer’s stock valued at $57,000 after purchasing an additional 387 shares in the last quarter. International Assets Investment Management LLC bought a new stake in shares of Foot Locker during the 4th quarter valued at about $100,000. Pathstone Family Office LLC bought a new stake in shares of Foot Locker during the 3rd quarter valued at about $180,000. Finally, Signaturefd LLC boosted its stake in shares of Foot Locker by 10.0% during the 4th quarter. Signaturefd LLC now owns 5,799 shares of the athletic footwear retailer’s stock valued at $181,000 after purchasing an additional 527 shares in the last quarter.

Foot Locker Stock Down 3.8 %

Foot Locker stock traded down $0.96 during trading hours on Friday, hitting $24.11. The stock had a trading volume of 1,632,635 shares, compared to its average volume of 3,552,964. The company has a quick ratio of 0.50, a current ratio of 1.68 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $2.28 billion, a P/E ratio of -6.36, a price-to-earnings-growth ratio of 0.57 and a beta of 1.47. Foot Locker, Inc. has a 12-month low of $14.84 and a 12-month high of $35.60. The stock’s 50-day moving average price is $23.26 and its 200-day moving average price is $26.91.

Foot Locker (NYSE:FLGet Free Report) last released its quarterly earnings data on Thursday, May 30th. The athletic footwear retailer reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.10. Foot Locker had a negative net margin of 4.41% and a positive return on equity of 2.91%. The firm had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.88 billion. During the same period in the previous year, the company earned $0.70 earnings per share. The firm’s quarterly revenue was down 2.8% on a year-over-year basis. Equities research analysts anticipate that Foot Locker, Inc. will post 1.55 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on FL. Citigroup raised shares of Foot Locker from a “sell” rating to a “neutral” rating and lifted their target price for the company from $19.00 to $24.00 in a research note on Friday, March 22nd. Morgan Stanley lifted their target price on shares of Foot Locker from $20.00 to $24.00 and gave the company an “equal weight” rating in a research note on Friday, May 31st. Bank of America dropped their price objective on shares of Foot Locker from $31.00 to $27.00 and set a “neutral” rating on the stock in a research note on Thursday, March 7th. Jefferies Financial Group dropped their price objective on shares of Foot Locker from $25.00 to $24.00 and set a “hold” rating on the stock in a research note on Wednesday, March 6th. Finally, Telsey Advisory Group reissued a “market perform” rating and set a $26.00 price objective on shares of Foot Locker in a research note on Thursday, May 30th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $24.81.

Get Our Latest Analysis on Foot Locker

Foot Locker Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Foot Locker (NYSE:FL)

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