Anthracite Investment Company Inc. Has $2.63 Million Stock Position in Foot Locker, Inc. (NYSE:FL)

Anthracite Investment Company Inc. trimmed its position in shares of Foot Locker, Inc. (NYSE:FL) by 32.8% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 101,838 shares of the athletic footwear retailer’s stock after selling 49,800 shares during the period. Anthracite Investment Company Inc. owned approximately 0.11% of Foot Locker worth $2,631,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. Quarry LP acquired a new position in shares of Foot Locker during the 2nd quarter worth $31,000. Fifth Third Bancorp raised its holdings in Foot Locker by 116.0% in the 2nd quarter. Fifth Third Bancorp now owns 1,365 shares of the athletic footwear retailer’s stock valued at $34,000 after buying an additional 733 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of Foot Locker by 156.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,616 shares of the athletic footwear retailer’s stock worth $40,000 after acquiring an additional 985 shares during the last quarter. Headlands Technologies LLC acquired a new position in shares of Foot Locker in the 2nd quarter worth approximately $43,000. Finally, nVerses Capital LLC bought a new position in shares of Foot Locker in the 3rd quarter worth about $47,000.

Foot Locker Trading Up 1.0 %

NYSE FL opened at $22.72 on Wednesday. The company has a 50-day moving average price of $24.72 and a 200-day moving average price of $25.79. Foot Locker, Inc. has a 52 week low of $20.47 and a 52 week high of $35.60. 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 (NYSE:FL) last released its quarterly earnings results on Wednesday, August 28th. The athletic footwear retailer reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.03. Foot Locker had a negative net margin of 4.48% and a positive return on equity of 2.73%. The business had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.88 billion. As a group, analysts predict that Foot Locker, Inc. will post 1.5 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Evercore ISI increased their price target on Foot Locker from $34.00 to $38.00 and gave the stock an “outperform” rating in a report on Monday, August 26th. Barclays raised Foot Locker from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $27.00 to $34.00 in a research report on Thursday, August 29th. StockNews.com lowered shares of Foot Locker from a “hold” rating to a “sell” rating in a research note on Friday, September 20th. Robert W. Baird lowered their price objective on Foot Locker from $35.00 to $27.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 25th. Finally, Telsey Advisory Group restated a “market perform” rating and set a $27.00 target price on shares of Foot Locker in a research report on Wednesday, August 28th. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Foot Locker currently has an average rating of “Hold” and an average price target of $26.53.

Insider Buying and Selling at Foot Locker

In other news, major shareholder Vesa Equity Investment S.A R.L sold 539,180 shares of the stock in a transaction on Monday, August 26th. The shares were sold at an average price of $33.22, for a total value of $17,911,559.60. Following the completion of the sale, the insider now directly owns 10,393,592 shares of the company’s stock, valued at $345,275,126.24. This represents a 4.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.20% of the stock is currently owned by corporate insiders.

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.