Anthracite Investment Company Inc. Trims Position in Foot Locker, Inc. (NYSE:FL)

Anthracite Investment Company Inc. reduced its holdings in Foot Locker, Inc. (NYSE:FL - Free Report) by 32.8% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 101,838 shares of the athletic footwear retailer's stock after selling 49,800 shares during the quarter. Anthracite Investment Company Inc. owned 0.11% of Foot Locker worth $2,631,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of FL. Jacobs Levy Equity Management Inc. raised its stake in shares of Foot Locker by 326.4% during the first quarter. Jacobs Levy Equity Management Inc. now owns 921,273 shares of the athletic footwear retailer's stock worth $26,256,000 after acquiring an additional 705,237 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in Foot Locker by 23.8% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,900,439 shares of the athletic footwear retailer's stock worth $72,279,000 after purchasing an additional 557,489 shares during the period. Point72 Asset Management L.P. bought a new stake in Foot Locker in the second quarter valued at approximately $10,005,000. Invenomic Capital Management LP boosted its stake in shares of Foot Locker by 54.3% during the first quarter. Invenomic Capital Management LP now owns 752,320 shares of the athletic footwear retailer's stock valued at $21,441,000 after purchasing an additional 264,598 shares during the period. Finally, Interval Partners LP bought a new position in shares of Foot Locker in the first quarter worth approximately $5,700,000.

Foot Locker Trading Down 1.2 %

Foot Locker stock traded down $0.28 during midday trading on Wednesday, reaching $22.45. The stock had a trading volume of 2,892,166 shares, compared to its average volume of 3,219,137. Foot Locker, Inc. has a 52-week low of $20.47 and a 52-week high of $35.60. The company has a fifty day moving average of $24.68 and a 200 day moving average of $25.77. The firm has a market cap of $2.13 billion, a price-to-earnings ratio of -5.80, a price-to-earnings-growth ratio of 0.66 and a beta of 1.44. The company has a quick ratio of 0.49, a current ratio of 1.66 and a debt-to-equity ratio of 0.15.

Foot Locker (NYSE:FL - Get Free Report) last posted its earnings results on Wednesday, August 28th. The athletic footwear retailer reported ($0.05) earnings per share for the quarter, topping analysts' consensus estimates of ($0.08) by $0.03. The company had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.88 billion. Foot Locker had a positive return on equity of 2.73% and a negative net margin of 4.48%. On average, analysts anticipate that Foot Locker, Inc. will post 1.5 earnings per share for the current fiscal year.

Insider Activity at Foot Locker

In other Foot Locker news, major shareholder Vesa Equity Investment S.A R.L sold 539,180 shares of the firm's stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $33.22, for a total value of $17,911,559.60. Following the sale, the insider now directly owns 10,393,592 shares of the company's stock, valued at approximately $345,275,126.24. This trade represents a 4.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.20% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms have issued reports on FL. 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 research report on Monday, August 26th. Piper Sandler reiterated a "neutral" rating and issued a $30.00 price target on shares of Foot Locker in a report on Friday, August 23rd. Gordon Haskett began coverage on shares of Foot Locker in a research report on Monday, October 7th. They set an "accumulate" rating and a $27.00 price target on the stock. Barclays upgraded shares of Foot Locker from an "equal weight" rating to an "overweight" rating and raised their price objective for the stock from $27.00 to $34.00 in a report on Thursday, August 29th. Finally, Telsey Advisory Group restated a "market perform" rating and set a $27.00 price target on shares of Foot Locker in a research report on Wednesday, August 28th. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $26.53.

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.