Freestone Capital Holdings LLC Makes New Investment in Foot Locker, Inc. (NYSE:FL)

Freestone Capital Holdings LLC purchased a new position in Foot Locker, Inc. (NYSE:FL) in the 2nd quarter, Holdings Channel reports. The institutional investor purchased 97,018 shares of the athletic footwear retailer’s stock, valued at approximately $4,067,000.

Several other institutional investors have also made changes to their positions in FL. Barings LLC boosted its position in shares of Foot Locker by 0.4% during the first quarter. Barings LLC now owns 45,300 shares of the athletic footwear retailer’s stock worth $2,745,000 after buying an additional 200 shares during the period. Hancock Whitney Corp boosted its position in shares of Foot Locker by 0.9% during the first quarter. Hancock Whitney Corp now owns 27,267 shares of the athletic footwear retailer’s stock worth $1,652,000 after buying an additional 237 shares during the period. Quadrant Capital Group LLC boosted its position in shares of Foot Locker by 75.1% during the first quarter. Quadrant Capital Group LLC now owns 655 shares of the athletic footwear retailer’s stock worth $37,000 after buying an additional 281 shares during the period. NewFocus Financial Group LLC boosted its position in shares of Foot Locker by 0.8% during the first quarter. NewFocus Financial Group LLC now owns 36,476 shares of the athletic footwear retailer’s stock worth $2,210,000 after buying an additional 295 shares during the period. Finally, Alpha Windward LLC boosted its position in shares of Foot Locker by 3.7% during the second quarter. Alpha Windward LLC now owns 8,782 shares of the athletic footwear retailer’s stock worth $374,000 after buying an additional 317 shares during the period. Institutional investors own 99.61% of the company’s stock.

In other news, Director Matthew M. Mckenna sold 7,000 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $40.53, for a total value of $283,710.00. Following the completion of the sale, the director now directly owns 26,862 shares of the company’s stock, valued at $1,088,716.86. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 2.40% of the company’s stock.

Several research analysts recently commented on FL shares. ValuEngine cut Foot Locker from a “hold” rating to a “sell” rating in a research report on Friday, May 24th. B. Riley reduced their price target on Foot Locker from $73.00 to $62.00 and set a “buy” rating for the company in a research report on Monday. Canaccord Genuity reduced their price target on Foot Locker from $82.00 to $81.00 and set a “buy” rating for the company in a research report on Friday, May 24th. Pivotal Research reissued a “buy” rating and set a $53.00 price target on shares of Foot Locker in a research report on Tuesday. Finally, TheStreet cut Foot Locker from a “b-” rating to a “c+” rating in a research report on Monday, June 17th. One analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $66.44.

NYSE FL traded down $0.08 during trading hours on Tuesday, hitting $39.49. 27,950 shares of the company traded hands, compared to its average volume of 4,260,994. Foot Locker, Inc. has a twelve month low of $36.81 and a twelve month high of $68.00. The stock has a market capitalization of $4.26 billion, a price-to-earnings ratio of 8.38, a P/E/G ratio of 0.78 and a beta of 0.98. The business’s 50-day moving average is $41.06 and its 200-day moving average is $51.34. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.07 and a current ratio of 2.01.

Foot Locker (NYSE:FL) last released its quarterly earnings data on Friday, May 24th. The athletic footwear retailer reported $1.53 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.61 by ($0.08). Foot Locker had a net margin of 6.86% and a return on equity of 21.75%. The business had revenue of $2.08 billion during the quarter, compared to analyst estimates of $2.11 billion. During the same period in the previous year, the business earned $1.45 earnings per share. The business’s quarterly revenue was up 2.6% on a year-over-year basis. Analysts predict that Foot Locker, Inc. will post 5.02 EPS for the current year.

Foot Locker Profile

Foot Locker, Inc, through its subsidiaries, operates as an athletic shoes and apparel retailer. The company operates in two segments, Athletic Stores and Direct-to-Customers. The Athletic Stores segment retails athletic footwear, apparel, accessories, and equipment under various formats, including Foot Locker, Kids Foot Locker, Lady Foot Locker, Champs Sports, Footaction, Runners Point, Sidestep, and SIX:02.

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

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