Renaissance Technologies LLC Makes New $5.47 Million Investment in Foot Locker, Inc. (NYSE:FL)

Renaissance Technologies LLC purchased a new stake in shares of Foot Locker, Inc. (NYSE:FL - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 251,500 shares of the athletic footwear retailer's stock, valued at approximately $5,473,000. Renaissance Technologies LLC owned approximately 0.27% of Foot Locker at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of FL. Vanguard Group Inc. increased its stake in shares of Foot Locker by 2.0% in the 4th quarter. Vanguard Group Inc. now owns 10,505,006 shares of the athletic footwear retailer's stock valued at $228,589,000 after purchasing an additional 210,832 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in Foot Locker by 88.6% in 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 purchasing an additional 2,500,396 shares during the period. Geode Capital Management LLC grew its holdings in Foot Locker by 1.3% in the third quarter. Geode Capital Management LLC now owns 1,908,253 shares of the athletic footwear retailer's stock valued at $49,319,000 after purchasing an additional 25,394 shares during the period. American Century Companies Inc. increased its position in shares of Foot Locker by 5.2% in the fourth quarter. American Century Companies Inc. now owns 1,659,206 shares of the athletic footwear retailer's stock valued at $36,104,000 after buying an additional 81,814 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of 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 worth $31,114,000 after buying an additional 333,247 shares during the period.

Wall Street Analyst Weigh In

FL has been the topic of a number of research analyst reports. UBS Group dropped their price target on shares of Foot Locker from $22.00 to $21.00 and set a "neutral" rating on the stock in a research note on Thursday, March 6th. JPMorgan Chase & Co. dropped their target price on shares of Foot Locker from $19.00 to $16.00 and set an "underweight" rating on the stock in a research report on Monday, April 14th. The Goldman Sachs Group reduced their price target on shares of Foot Locker from $19.00 to $17.00 and set a "sell" rating for the company in a research report on Tuesday. Piper Sandler lowered their price objective on Foot Locker from $19.00 to $12.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $24.00 price objective on shares of Foot Locker in a research note on Wednesday, March 5th. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $21.38.

Foot Locker Trading Down 2.7 %

Shares of NYSE FL traded down $0.32 during trading on Friday, reaching $11.68. The stock had a trading volume of 553,763 shares, compared to its average volume of 3,450,435. The business's 50-day moving average price is $15.02 and its 200-day moving average price is $19.74. Foot Locker, Inc. has a fifty-two week low of $11.00 and a fifty-two week high of $33.94. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.45 and a current ratio of 1.67. The company has a market cap of $1.11 billion, a P/E ratio of -2.59, a PEG ratio of 0.53 and a beta of 1.41.

Foot Locker (NYSE:FL - Get Free Report) last issued its quarterly earnings results on Wednesday, March 5th. The athletic footwear retailer reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.13. The business had revenue of $2.25 billion for the quarter, compared to analysts' expectations 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 quarterly revenue was down 5.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.38 earnings per share. On average, equities research analysts predict that Foot Locker, Inc. will post 1.23 EPS 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.