Cypress Capital Management LLC WY Trims Stock Position in Foot Locker, Inc. (NYSE:FL)

Cypress Capital Management LLC WY decreased its position in shares of Foot Locker, Inc. (NYSE:FL) by 8.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 34,963 shares of the athletic footwear retailer’s stock after selling 3,185 shares during the quarter. Cypress Capital Management LLC WY’s holdings in Foot Locker were worth $761,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Geode Capital Management LLC increased its stake in Foot Locker by 1.3% in the third quarter. Geode Capital Management LLC now owns 1,908,253 shares of the athletic footwear retailer’s stock valued at $49,319,000 after purchasing an additional 25,394 shares during the period. Jacobs Levy Equity Management Inc. increased its position in Foot Locker by 10.3% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,135,474 shares of the athletic footwear retailer’s stock valued at $29,341,000 after acquiring an additional 106,402 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Foot Locker by 3.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,113,583 shares of the athletic footwear retailer’s stock valued at $28,775,000 after acquiring an additional 38,318 shares during the last quarter. Stifel Financial Corp lifted its position in Foot Locker by 43.3% during the 3rd quarter. Stifel Financial Corp now owns 897,904 shares of the athletic footwear retailer’s stock worth $23,202,000 after acquiring an additional 271,297 shares during the period. Finally, Point72 Asset Management L.P. grew its stake in shares of Foot Locker by 37.0% in the 3rd quarter. Point72 Asset Management L.P. now owns 549,997 shares of the athletic footwear retailer’s stock valued at $14,212,000 after purchasing an additional 148,523 shares during the last quarter.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on FL shares. Barclays cut their price target on Foot Locker from $34.00 to $29.00 and set an “overweight” rating for the company in a research note on Friday, December 6th. Morgan Stanley reduced their target price on shares of Foot Locker from $17.00 to $16.00 and set an “underweight” rating for the company in a research note on Friday, December 6th. Jefferies Financial Group lowered their target price on shares of Foot Locker from $27.00 to $22.00 and set a “hold” rating on the stock in a report on Wednesday, December 4th. JPMorgan Chase & Co. cut their price target on shares of Foot Locker from $23.00 to $20.00 and set an “underweight” rating for the company in a report on Friday, January 24th. Finally, UBS Group lowered their price objective on Foot Locker from $26.00 to $22.00 and set a “neutral” rating on the stock in a report on Thursday, December 5th. Four analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $24.94.

Foot Locker Stock Up 1.8 %

FL opened at $20.06 on Friday. The company has a current ratio of 1.67, a quick ratio of 0.45 and a debt-to-equity ratio of 0.15. Foot Locker, Inc. has a one year low of $19.33 and a one year high of $35.60. The business’s fifty day moving average is $21.87 and its two-hundred day moving average is $24.91.

Foot Locker (NYSE:FL) last released its quarterly earnings data on Wednesday, December 4th. The athletic footwear retailer reported $0.33 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.07). The business had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $2.01 billion. Foot Locker had a positive return on equity of 2.91% and a negative net margin of 5.24%. Foot Locker’s quarterly revenue was down 1.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.30 earnings per share. As a group, equities analysts forecast that Foot Locker, Inc. will post 1.23 EPS for the current fiscal year.

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.