Foot Locker, Inc. (NYSE:FL) Short Interest Update

Foot Locker, Inc. (NYSE:FL) was the recipient of a significant growth in short interest in October. As of October 15th, there was short interest totalling 9,700,000 shares, a growth of 8.4% from the September 30th total of 8,950,000 shares. Based on an average daily volume of 3,030,000 shares, the days-to-cover ratio is currently 3.2 days. Approximately 11.6% of the company’s shares are sold short.

Insider Activity

In other Foot Locker news, major shareholder Vesa Equity Investment S.A R.L sold 246,886 shares of the business’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $32.93, for a total transaction 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. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last three months, insiders have sold 787,566 shares of company stock valued at $26,090,866. 1.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Semanteon Capital Management LP bought a new position in Foot Locker in the 3rd quarter valued at about $488,000. Blue Trust Inc. raised its stake in shares of Foot Locker by 537.0% in the third quarter. Blue Trust Inc. now owns 2,981 shares of the athletic footwear retailer’s stock worth $74,000 after purchasing an additional 2,513 shares during the last quarter. nVerses Capital LLC bought a new position in shares of Foot Locker in the third quarter valued at approximately $47,000. Vontobel Holding Ltd. boosted its position in shares of Foot Locker by 12.2% during the third quarter. Vontobel Holding Ltd. now owns 11,144 shares of the athletic footwear retailer’s stock valued at $288,000 after buying an additional 1,210 shares during the last quarter. Finally, Creative Planning grew its holdings in Foot Locker by 42.1% during the third quarter. Creative Planning now owns 13,823 shares of the athletic footwear retailer’s stock worth $357,000 after buying an additional 4,093 shares in the last quarter.

Analyst Ratings Changes

A number of equities research analysts have commented on FL shares. Telsey Advisory Group reiterated a “market perform” rating and issued a $27.00 price target on shares of Foot Locker in a research report on Wednesday, August 28th. Gordon Haskett initiated 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. Robert W. Baird lowered their price target on shares of Foot Locker from $35.00 to $27.00 and set a “neutral” rating for the company in a report on Wednesday, September 25th. Piper Sandler reaffirmed a “neutral” rating and issued a $30.00 price objective on shares of Foot Locker in a research note on Friday, August 23rd. Finally, Evercore ISI lifted their target price on shares of Foot Locker from $34.00 to $38.00 and gave the stock an “outperform” rating in a research note on Monday, August 26th. 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. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $26.53.

Foot Locker Trading Up 1.1 %

Shares of NYSE:FL opened at $23.19 on Friday. The company has a current ratio of 1.66, a quick ratio of 0.49 and a debt-to-equity ratio of 0.15. Foot Locker has a 52-week low of $19.44 and a 52-week high of $35.60. The business’s 50 day simple moving average is $26.09 and its two-hundred day simple moving average is $25.51.

Foot Locker (NYSE:FL) last issued its earnings results on Wednesday, August 28th. The athletic footwear retailer reported ($0.05) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.03. Foot Locker had a positive return on equity of 2.73% and a negative net margin of 4.48%. The company had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.88 billion. As a group, equities analysts forecast that Foot Locker will post 1.49 EPS for the current year.

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.