13,624 Shares in Foot Locker, Inc. (NYSE:FL) Bought by Inceptionr LLC

Inceptionr LLC bought a new stake in Foot Locker, Inc. (NYSE:FL - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 13,624 shares of the athletic footwear retailer's stock, valued at approximately $296,000.

Several other hedge funds have also recently added to or reduced their stakes in FL. Allspring Global Investments Holdings LLC lifted its holdings in shares of Foot Locker by 88.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 5,323,597 shares of the athletic footwear retailer's stock valued at $115,365,000 after acquiring an additional 2,500,396 shares during the period. Geode Capital Management LLC increased its position in shares of Foot Locker by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 1,908,253 shares of the athletic footwear retailer's stock worth $49,319,000 after purchasing an additional 25,394 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Foot Locker by 30.4% during the 4th quarter. Bank of New York Mellon Corp now owns 1,429,870 shares of the athletic footwear retailer's stock valued at $31,114,000 after purchasing an additional 333,247 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Foot Locker by 5.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,176,449 shares of the athletic footwear retailer's stock valued at $25,600,000 after purchasing an additional 62,866 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its position in Foot Locker by 10.3% in the third 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 buying an additional 106,402 shares in the last quarter.

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Foot Locker Trading Down 6.3 %

Shares of FL traded down $1.08 on Tuesday, reaching $16.09. 3,367,090 shares of the company's stock were exchanged, compared to its average volume of 3,268,061. The business has a 50 day moving average price of $19.62 and a two-hundred day moving average price of $22.96. The stock has a market capitalization of $1.53 billion, a P/E ratio of -3.57, a price-to-earnings-growth ratio of 0.53 and a beta of 1.55. Foot Locker, Inc. has a 12 month low of $15.90 and a 12 month high of $33.94. 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 (NYSE:FL - Get Free Report) last announced its quarterly earnings results on Wednesday, March 5th. The athletic footwear retailer reported $0.86 earnings per share for the quarter, beating analysts' consensus estimates of $0.73 by $0.13. Foot Locker had a negative net margin of 5.24% and a positive return on equity of 2.91%. The business had revenue of $2.25 billion for the quarter, compared to the consensus estimate of $2.32 billion. During the same period last year, the company posted $0.38 EPS. Foot Locker's revenue for the quarter was down 5.7% on a year-over-year basis. Research analysts anticipate that Foot Locker, Inc. will post 1.23 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. UBS Group cut their target price on shares of Foot Locker from $22.00 to $21.00 and set a "neutral" rating for the company in a research note on Thursday, March 6th. Williams Trading raised Foot Locker from a "sell" rating to a "hold" rating and raised their price target for the company from $17.00 to $21.00 in a report on Wednesday, November 27th. Needham & Company LLC reissued a "buy" rating and issued a $24.00 price objective on shares of Foot Locker in a research note on Wednesday, March 5th. The Goldman Sachs Group lowered their target price on Foot Locker from $25.00 to $22.00 and set a "sell" rating for the company in a research note on Thursday, December 5th. Finally, Robert W. Baird reduced their price target on shares of Foot Locker from $24.00 to $20.00 and set a "neutral" rating on the stock in a research report on Thursday, March 6th. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Foot Locker currently has a consensus rating of "Hold" and a consensus target price of $22.81.

Foot Locker 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.