1,600,863 Shares in Foot Locker, Inc. (NYSE:FL) Purchased by Cramer Rosenthal Mcglynn LLC

Cramer Rosenthal Mcglynn LLC acquired a new stake in shares of Foot Locker, Inc. (NYSE:FL - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,600,863 shares of the athletic footwear retailer's stock, valued at approximately $34,835,000. Foot Locker makes up about 2.0% of Cramer Rosenthal Mcglynn LLC's holdings, making the stock its 12th biggest holding. Cramer Rosenthal Mcglynn LLC owned about 1.69% of Foot Locker at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Summit Investment Advisors Inc. raised its stake in Foot Locker by 6.9% during the fourth quarter. Summit Investment Advisors Inc. now owns 8,728 shares of the athletic footwear retailer's stock worth $190,000 after acquiring an additional 562 shares during the period. Harbour Investments Inc. grew its holdings in shares of Foot Locker by 81.6% during the fourth quarter. Harbour Investments Inc. now owns 1,442 shares of the athletic footwear retailer's stock valued at $31,000 after purchasing an additional 648 shares during the last quarter. Foundry Partners LLC grew its holdings in shares of Foot Locker by 8.8% during the fourth quarter. Foundry Partners LLC now owns 12,784 shares of the athletic footwear retailer's stock valued at $278,000 after purchasing an additional 1,031 shares during the last quarter. Aster Capital Management DIFC Ltd bought a new stake in shares of Foot Locker in the 4th quarter worth approximately $32,000. Finally, Smartleaf Asset Management LLC boosted its position in Foot Locker by 198.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,876 shares of the athletic footwear retailer's stock valued at $63,000 after purchasing an additional 1,911 shares during the period.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on FL shares. UBS Group dropped their target price on Foot Locker from $22.00 to $21.00 and set a "neutral" rating on the stock in a research report on Thursday, March 6th. Jefferies Financial Group dropped their price objective on shares of Foot Locker from $22.00 to $19.00 and set a "hold" rating on the stock in a report on Wednesday, March 5th. Barclays set a $24.00 target price on shares of Foot Locker in a research note on Wednesday, March 5th. StockNews.com lowered shares of Foot Locker from a "hold" rating to a "sell" rating in a research note on Friday, April 11th. Finally, JPMorgan Chase & Co. reduced their price objective on Foot Locker from $19.00 to $16.00 and set an "underweight" rating for the company in a research report on Monday. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $21.69.

Foot Locker Price Performance

NYSE:FL opened at $11.89 on Friday. Foot Locker, Inc. has a 52-week low of $11.00 and a 52-week high of $33.94. The company has a quick ratio of 0.45, a current ratio of 1.67 and a debt-to-equity ratio of 0.15. The firm has a market cap of $1.13 billion, a P/E ratio of -2.64, a PEG ratio of 0.53 and a beta of 1.41. The business's 50-day moving average price is $15.83 and its 200 day moving average price is $20.17.

Foot Locker (NYSE:FL - Get Free Report) last released its earnings results on Wednesday, March 5th. The athletic footwear retailer reported $0.86 EPS for the quarter, topping analysts' consensus estimates of $0.73 by $0.13. The business had revenue of $2.25 billion for the quarter, compared to the consensus estimate of $2.32 billion. Foot Locker had a negative net margin of 5.24% and a positive return on equity of 2.91%. The business's revenue for the quarter was down 5.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.38 EPS. As a group, sell-side analysts predict that Foot Locker, Inc. will post 1.23 earnings per share for the current fiscal year.

About Foot Locker

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.

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