Anthracite Investment Company Inc. decreased its holdings in shares of Foot Locker, Inc. (NYSE:FL - Free Report) by 29.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 71,470 shares of the athletic footwear retailer's stock after selling 30,368 shares during the quarter. Anthracite Investment Company Inc. owned 0.08% of Foot Locker worth $1,555,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of FL. Vanguard Group Inc. raised its holdings in shares of Foot Locker by 2.0% during 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 buying an additional 210,832 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Foot Locker by 88.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 5,323,597 shares of the athletic footwear retailer's stock worth $115,365,000 after acquiring an additional 2,500,396 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Foot Locker by 1.3% in the 3rd 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 in the last quarter. American Century Companies Inc. raised its position in Foot Locker by 5.2% in the 4th quarter. American Century Companies Inc. now owns 1,659,206 shares of the athletic footwear retailer's stock worth $36,104,000 after purchasing an additional 81,814 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in Foot Locker by 30.4% during the fourth 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 buying an additional 333,247 shares during the period.
Analyst Upgrades and Downgrades
FL has been the subject of a number of recent research reports. Morgan Stanley lowered their target price on Foot Locker from $17.00 to $16.00 and set an "underweight" rating for the company in a research note on Friday, December 6th. Robert W. Baird lowered their price objective on Foot Locker from $24.00 to $20.00 and set a "neutral" rating for the company in a research report on Thursday, March 6th. Piper Sandler cut their target price on shares of Foot Locker from $23.00 to $19.00 and set a "neutral" rating on the stock in a report on Thursday, March 6th. Jefferies Financial Group lowered their price target on shares of Foot Locker from $22.00 to $19.00 and set a "hold" rating for the company in a report on Wednesday, March 5th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $24.00 price target on shares of Foot Locker in a report on Wednesday, March 5th. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $22.81.
Check Out Our Latest Report on Foot Locker
Foot Locker Stock Down 4.9 %
Foot Locker stock traded down $0.75 on Friday, hitting $14.52. 5,098,222 shares of the stock traded hands, compared to its average volume of 3,310,170. Foot Locker, Inc. has a 1 year low of $14.34 and a 1 year high of $33.94. The firm has a market cap of $1.38 billion, a P/E ratio of -3.22, a price-to-earnings-growth ratio of 0.53 and a beta of 1.55. The company has a current ratio of 1.67, a quick ratio of 0.45 and a debt-to-equity ratio of 0.15. The business's fifty day simple moving average is $18.15 and its 200 day simple moving average is $21.67.
Foot Locker (NYSE:FL - Get Free Report) last announced its quarterly earnings data on Wednesday, March 5th. The athletic footwear retailer reported $0.86 earnings per share for the quarter, topping 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 analysts' expectations of $2.32 billion. During the same quarter in the prior year, the company earned $0.38 earnings per share. The business's revenue was down 5.7% compared to the same quarter last year. As a group, sell-side analysts forecast that Foot Locker, Inc. will post 1.23 earnings per share for the current year.
About Foot Locker
(
Free Report)
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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