Vesa Equity Investment S.a r.l. Lowers Holdings in Foot Locker, Inc. (NYSE:FL)

Vesa Equity Investment S.a r.l. lowered its position in Foot Locker, Inc. (NYSE:FL - Free Report) by 12.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,055,814 shares of the athletic footwear retailer's stock after selling 1,412,757 shares during the period. Foot Locker comprises about 100.0% of Vesa Equity Investment S.a r.l.'s portfolio, making the stock its largest position. Vesa Equity Investment S.a r.l. owned about 10.60% of Foot Locker worth $259,842,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in FL. Quarry LP purchased a new stake in Foot Locker during the second quarter worth about $31,000. Fifth Third Bancorp boosted its position in 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 purchasing an additional 733 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in Foot Locker by 156.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,616 shares of the athletic footwear retailer's stock worth $40,000 after purchasing an additional 985 shares during the period. Headlands Technologies LLC bought a new position in Foot Locker during the second quarter worth about $43,000. Finally, nVerses Capital LLC bought a new position in Foot Locker during the third quarter worth about $47,000.

Insiders Place Their Bets

In other news, major shareholder Vesa Equity Investment S.A R.L sold 246,886 shares of the company's stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $32.93, for a total value of $8,129,955.98. Following the sale, the insider now directly owns 11,146,292 shares of the company's stock, valued at $367,047,395.56. This represents a 2.17 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In the last ninety days, insiders sold 787,566 shares of company stock worth $26,090,866. 1.20% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

FL has been the subject of a number of research reports. StockNews.com lowered shares of Foot Locker from a "hold" rating to a "sell" rating in a research report on Friday, September 20th. Citigroup raised their price objective on shares of Foot Locker from $27.00 to $33.00 and gave the company a "neutral" rating in a research report on Tuesday, August 20th. Evercore ISI lifted their target price 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. Barclays upgraded shares of Foot Locker from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $27.00 to $34.00 in a research report on Thursday, August 29th. Finally, Gordon Haskett started coverage on shares of Foot Locker in a research report on Monday, October 7th. They set an "accumulate" rating and a $27.00 target price for the company. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Foot Locker has an average rating of "Hold" and an average target price of $26.53.

Foot Locker Trading Down 4.7 %

NYSE:FL traded down $1.10 during midday trading on Monday, reaching $22.50. 2,815,882 shares of the stock traded hands, compared to its average volume of 3,220,249. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.49 and a current ratio of 1.66. Foot Locker, Inc. has a 12 month low of $20.47 and a 12 month high of $35.60. The stock has a market capitalization of $2.13 billion, a P/E ratio of -6.10, a PEG ratio of 0.58 and a beta of 1.44. The company has a fifty day moving average of $24.82 and a 200 day moving average of $25.78.

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

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.