Foot Locker: 4 Different Insiders Have Sold Shares During The Last 30 Days

Apr. 2.14 | About: Foot Locker, (FL)


Four insiders sold Foot Locker stock within one month.

The stock was not purchased by any insiders in the month of intensive selling.

Three of these four insiders decreased their holdings by more than 10%.

Foot Locker (NYSE:FL) operates as a retailer of athletic footwear and apparel.

Click to enlarge

Insider selling during the last 30 days

Here is a table of Foot Locker's insider activity during the last 30 days.

Name Title Trade Date Shares Sold Rule 10b5-1 Current Ownership Decrease In Ownership
Matthew McKenna Director March 26 2,175 No 73,910 shares 2.9%
Giovanna Cipriano SVP March 19 16,459 No 43,351 shares 27.5%
Jeffrey Berk SVP March 12-17 106,479 No 32,369 shares 76.7%
Peter Brown CIO March 10 13,333 Yes 20,654 shares + 13,334 options 28.2%
Click to enlarge

There have been 138,446 shares sold by insiders during the last 30 days. Peter Brown sold shares pursuant to the Rule 10b5-1 plan. More details about the Rule 10b5-1 trading plan can be found from this link.

Insider selling by calendar month

Here is a table of Foot Locker's insider activity by calendar month.

Month Insider selling / shares Insider buying / shares
March 2014 138,446 0
February 2014 13,333 0
January 2014 0 0
December 2013 45,326 0
November 2013 47,087 0
October 2013 8,100 0
September 2013 0 0
August 2013 200,633 0
July 2013 35,962 0
June 2013 20,863 0
May 2013 32,877 0
April 2013 0 0
March 2013 0 0
February 2013 0 0
January 2013 0 0
Click to enlarge

There have been 542,627 shares sold, and there have been zero shares purchased by insiders since January 2013.


Foot Locker reported the fiscal 2013 full-year, which ended February 1, financial results on March 7 with the following highlights:

Revenue $6.5 billion
Net income $429 million
Cash $867 million
Debt $139 million
Click to enlarge

The four insiders sold their shares after these results.


Foot Locker is planning for a mid-single-digit comparable sales gain and a double-digit percentage EPS increase during 2014.


Foot Locker's competitors include Finish Line (NASDAQ:FINL) and Dick's Sporting Goods (NYSE:DKS). Here is a table comparing these companies.

Market Cap: 7.06B 1.33B 6.77B
Qtrly Rev Growth (yoy): 0.05 0.17 0.08
Revenue: 6.50B 1.67B 6.21B
Gross Margin: 0.33 0.33 0.31
EBITDA: 795.33M 158.26M 699.62M
Operating Margin: 0.10 0.07 0.09
Net Income: 429.00M 76.90M 337.60M
EPS: 2.85 1.56 2.69
P/E: 16.69 17.51 20.51
PEG (5 yr expected): 1.40 1.22 1.09
P/S: 1.07 0.79 1.08
Insider Ownership: 3.21% 2.15% 1.32%
Click to enlarge

Foot Locker has the weakest revenue growth among these three companies.

Here is a table of these competitors' insider activities this year.

Company Insider buying / shares Insider selling / shares
FINL 0 14,978
DKS 2,900 129,341
Click to enlarge

Only Foot Locker has seen intensive insider selling during the last 30 days.


There have been four different insiders selling Foot Locker, and there have not been any insiders buying Foot Locker during the last 30 days. Three of these four insiders decreased their holdings by more than 10%. Foot Locker has an insider ownership of 3.21%.

Before going short Foot Locker, I would like to get a bearish confirmation from the Point & Figure chart. The main reason for the proposed short entry is the intensive insider-selling activity.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.