Foot Locker, Inc. (NYSE:FL) Shares Sold by Glenmede Trust Co. NA

Glenmede Trust Co. NA trimmed its stake in shares of Foot Locker, Inc. (NYSE:FL) by 1.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 655,023 shares of the athletic footwear retailer’s stock after selling 9,412 shares during the period. Glenmede Trust Co. NA owned about 0.69% of Foot Locker worth $16,926,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of FL. Public Employees Retirement System of Ohio acquired a new stake in shares of Foot Locker in the first quarter worth $2,194,000. Renaissance Technologies LLC purchased a new stake in Foot Locker in the 2nd quarter worth about $1,024,000. Versor Investments LP acquired a new stake in Foot Locker during the 3rd quarter worth about $793,000. Chartwell Investment Partners LLC grew its stake in Foot Locker by 2.4% during the 3rd quarter. Chartwell Investment Partners LLC now owns 33,685 shares of the athletic footwear retailer’s stock valued at $870,000 after acquiring an additional 782 shares in the last quarter. Finally, Point72 Asset Management L.P. acquired a new position in shares of Foot Locker in the 2nd quarter valued at about $10,005,000.

Foot Locker Stock Performance

NYSE FL opened at $25.31 on Friday. The stock has a 50-day simple moving average of $24.40 and a 200 day simple moving average of $25.77. Foot Locker, Inc. has a twelve month low of $20.47 and a twelve month high of $35.60. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.66 and a quick ratio of 0.49.

Foot Locker (NYSE:FL) last issued its quarterly earnings results on Wednesday, August 28th. The athletic footwear retailer reported ($0.05) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.03. The firm had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.88 billion. Foot Locker had a negative net margin of 4.48% and a positive return on equity of 2.73%. On average, research analysts forecast that Foot Locker, Inc. will post 1.48 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on FL. StockNews.com downgraded shares of Foot Locker from a “hold” rating to a “sell” rating in a research report on Friday, September 20th. Citigroup boosted their price target on shares of Foot Locker from $27.00 to $33.00 and gave the company a “neutral” rating in a report on Tuesday, August 20th. Needham & Company LLC initiated coverage on Foot Locker in a report on Friday, November 22nd. They set a “buy” rating and a $27.00 price objective for the company. Barclays upgraded Foot Locker from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $27.00 to $34.00 in a research note on Thursday, August 29th. Finally, Williams Trading raised Foot Locker from a “sell” rating to a “hold” rating and raised their price target for the stock from $17.00 to $21.00 in a research note on Wednesday. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $26.56.

Foot Locker Company 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.