ING Groep NV Reduces Holdings in Foot Locker, Inc. (FL)

ING Groep NV reduced its position in Foot Locker, Inc. (NYSE:FL) by 17.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,040 shares of the athletic footwear retailer’s stock after selling 2,549 shares during the quarter. ING Groep NV’s holdings in Foot Locker were worth $564,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the company. Thrivent Financial For Lutherans grew its position in shares of Foot Locker by 2.5% during the second quarter. Thrivent Financial For Lutherans now owns 5,010 shares of the athletic footwear retailer’s stock worth $247,000 after buying an additional 120 shares in the last quarter. Advisory Services Network LLC grew its position in shares of Foot Locker by 13.1% during the second quarter. Advisory Services Network LLC now owns 5,467 shares of the athletic footwear retailer’s stock worth $269,000 after buying an additional 632 shares in the last quarter. Calamos Advisors LLC grew its position in shares of Foot Locker by 3.8% during the third quarter. Calamos Advisors LLC now owns 46,462 shares of the athletic footwear retailer’s stock worth $1,636,000 after buying an additional 1,705 shares in the last quarter. Strs Ohio grew its position in shares of Foot Locker by 7.9% during the third quarter. Strs Ohio now owns 24,920 shares of the athletic footwear retailer’s stock worth $877,000 after buying an additional 1,835 shares in the last quarter. Finally, Cibc Bank USA grew its position in shares of Foot Locker by 17.0% during the fourth quarter. Cibc Bank USA now owns 14,295 shares of the athletic footwear retailer’s stock worth $670,000 after buying an additional 2,080 shares in the last quarter. 89.78% of the stock is owned by institutional investors and hedge funds.

In other Foot Locker news, SVP Giovanna Cipriano sold 21,000 shares of the business’s stock in a transaction that occurred on Friday, January 19th. The stock was sold at an average price of $50.05, for a total value of $1,051,050.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Matthew M. Mckenna sold 10,899 shares of the business’s stock in a transaction that occurred on Tuesday, January 9th. The shares were sold at an average price of $45.82, for a total value of $499,392.18. Following the completion of the sale, the director now owns 35,000 shares of the company’s stock, valued at approximately $1,603,700. The disclosure for this sale can be found here. In the last quarter, insiders sold 56,899 shares of company stock valued at $2,801,692. 2.90% of the stock is owned by company insiders.

Shares of Foot Locker, Inc. (NYSE:FL) opened at $49.17 on Friday. The company has a quick ratio of 2.09, a current ratio of 4.41 and a debt-to-equity ratio of 0.05. Foot Locker, Inc. has a 52 week low of $28.42 and a 52 week high of $77.86. The firm has a market capitalization of $5,968.13, a P/E ratio of 12.35, a price-to-earnings-growth ratio of 2.29 and a beta of 0.80.

Foot Locker (NYSE:FL) last issued its quarterly earnings data on Friday, November 17th. The athletic footwear retailer reported $0.87 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.07. Foot Locker had a return on equity of 19.96% and a net margin of 6.79%. The company had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.82 billion. During the same quarter in the previous year, the business earned $1.13 earnings per share. The firm’s revenue for the quarter was down .8% on a year-over-year basis. equities research analysts expect that Foot Locker, Inc. will post 4.1 EPS for the current year.

A number of equities analysts have recently commented on FL shares. Jefferies Group set a $61.00 price objective on Foot Locker and gave the stock a “buy” rating in a research report on Friday, November 17th. Deutsche Bank raised Foot Locker from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $38.00 to $45.00 in a research report on Friday, November 17th. Citigroup boosted their price objective on Foot Locker from $40.00 to $47.00 and gave the stock a “buy” rating in a research report on Monday, November 20th. ValuEngine raised Foot Locker from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Finally, Canaccord Genuity raised Foot Locker from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $42.00 to $64.00 in a research report on Friday, December 15th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. Foot Locker presently has an average rating of “Buy” and an average price target of $56.15.

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Foot Locker Profile

Foot Locker, Inc is a retailer of shoes and apparel. The Company operates through two segments: Athletic Stores and Direct-to-Customers. The Company is an athletic footwear and apparel retailer, which include businesses, such as include Foot Locker, Kids Foot Locker, Lady Foot Locker, Champs Sports, Footaction, Runners Point, Sidestep and SIX:02.

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

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