Morgan Stanley Downgrades Foot Locker (WBAG:FOOT)

Fintel reports that on July 18, 2024, Morgan Stanley downgraded their outlook for Foot Locker (WBAG:FOOT) from Equal-Weight to Underweight.

What is the Fund Sentiment?

There are 621 funds or institutions reporting positions in Foot Locker. This is an decrease of 17 owner(s) or 2.66% in the last quarter. Average portfolio weight of all funds dedicated to FOOT is 0.12%, an increase of 0.85%. Total shares owned by institutions decreased in the last three months by 5.46% to 105,612K shares.

What are Other Shareholders Doing?

AT:FOOT / Foot Locker, Inc. Shares Held by Institutions

Vesa Equity Investment S.a r.l. holds 11,469K shares representing 12.14% ownership of the company. No change in the last quarter.

IJR - iShares Core S&P Small-Cap ETF holds 5,553K shares representing 5.88% ownership of the company. In its prior filing, the firm reported owning 5,481K shares , representing an increase of 1.30%. The firm decreased its portfolio allocation in FOOT by 11.21% over the last quarter.

Arrowstreet Capital, Limited Partnership holds 4,025K shares representing 4.26% ownership of the company. In its prior filing, the firm reported owning 4,025K shares , representing an increase of 0.00%. The firm decreased its portfolio allocation in FOOT by 19.30% over the last quarter.

VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 2,943K shares representing 3.11% ownership of the company. In its prior filing, the firm reported owning 2,935K shares , representing an increase of 0.30%. The firm decreased its portfolio allocation in FOOT by 16.34% over the last quarter.

Goldman Sachs Group holds 2,744K shares representing 2.90% ownership of the company. In its prior filing, the firm reported owning 3,407K shares , representing a decrease of 24.15%. The firm decreased its portfolio allocation in FOOT by 81.89% over the last quarter.

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This story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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