Foot Locker, Inc. (NYSE:FL) Short Interest Up 6.9% in August

Foot Locker, Inc. (NYSE:FL) saw a large growth in short interest during the month of August. As of August 15th, there was short interest totalling 11,880,000 shares, a growth of 6.9% from the July 31st total of 11,110,000 shares. Approximately 14.4% of the shares of the stock are sold short. Based on an average trading volume of 2,840,000 shares, the short-interest ratio is presently 4.2 days.

Analyst Ratings Changes

FL has been the subject of a number of recent analyst reports. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $27.00 price objective on shares of Foot Locker in a research note on Wednesday, August 28th. Wedbush reaffirmed a “neutral” rating and issued a $25.00 target price on shares of Foot Locker in a research report on Wednesday, June 12th. StockNews.com lowered Foot Locker from a “hold” rating to a “sell” rating in a research report on Wednesday, June 19th. Robert W. Baird raised their price objective on Foot Locker from $26.00 to $35.00 and gave the stock a “neutral” rating in a research report on Monday, August 26th. Finally, Evercore ISI lifted their target price on Foot Locker from $34.00 to $38.00 and gave the company an “outperform” rating in a research note on Monday, August 26th. Five equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $26.40.

Insider Activity

In other news, major shareholder Vesa Equity Investment S.A R.L sold 1,500 shares of the company’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $32.90, for a total transaction of $49,350.00. Following the completion of the sale, the insider now directly owns 11,402,353 shares of the company’s stock, valued at $375,137,413.70. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In the last 90 days, insiders sold 787,566 shares of company stock worth $26,090,866. Insiders own 1.20% of the company’s stock.

Institutional Investors Weigh In On Foot Locker

A number of large investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP lifted its position in shares of Foot Locker by 1.5% in the second quarter. Dimensional Fund Advisors LP now owns 4,700,102 shares of the athletic footwear retailer’s stock worth $117,123,000 after buying an additional 71,152 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in Foot Locker by 23.8% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,900,439 shares of the athletic footwear retailer’s stock worth $72,279,000 after purchasing an additional 557,489 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Foot Locker by 9.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 954,663 shares of the athletic footwear retailer’s stock worth $29,738,000 after purchasing an additional 81,684 shares during the period. Jacobs Levy Equity Management Inc. grew its holdings in Foot Locker by 326.4% during the first quarter. Jacobs Levy Equity Management Inc. now owns 921,273 shares of the athletic footwear retailer’s stock valued at $26,256,000 after purchasing an additional 705,237 shares during the last quarter. Finally, Invenomic Capital Management LP grew its holdings in Foot Locker by 54.3% during the first quarter. Invenomic Capital Management LP now owns 752,320 shares of the athletic footwear retailer’s stock valued at $21,441,000 after purchasing an additional 264,598 shares during the last quarter.

Foot Locker Stock Performance

Shares of FL opened at $31.14 on Tuesday. The company’s fifty day moving average is $27.79 and its 200-day moving average is $26.17. Foot Locker has a 12 month low of $16.68 and a 12 month high of $35.60. The firm has a market cap of $2.95 billion, a price-to-earnings ratio of -8.22, a price-to-earnings-growth ratio of 0.76 and a beta of 1.44. The company has a quick ratio of 0.49, a current ratio of 1.66 and a debt-to-equity ratio of 0.15.

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.