Foot Locker, Inc. (NYSE:FL) Holdings Lowered by Bank of Montreal Can

Bank of Montreal Can reduced its holdings in shares of Foot Locker, Inc. (NYSE:FL - Free Report) by 79.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,649 shares of the athletic footwear retailer's stock after selling 52,656 shares during the quarter. Bank of Montreal Can's holdings in Foot Locker were worth $297,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in FL. Aster Capital Management DIFC Ltd acquired a new stake in shares of Foot Locker in the fourth quarter valued at about $32,000. Russell Investments Group Ltd. grew its position in Foot Locker by 43.2% in the fourth quarter. Russell Investments Group Ltd. now owns 197,899 shares of the athletic footwear retailer's stock valued at $4,306,000 after acquiring an additional 59,678 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Foot Locker by 11.6% during the fourth quarter. Envestnet Asset Management Inc. now owns 19,426 shares of the athletic footwear retailer's stock valued at $423,000 after purchasing an additional 2,026 shares during the period. Dynamic Technology Lab Private Ltd grew its holdings in Foot Locker by 161.6% during the 4th quarter. Dynamic Technology Lab Private Ltd now owns 28,508 shares of the athletic footwear retailer's stock valued at $620,000 after purchasing an additional 17,611 shares in the last quarter. Finally, Foundry Partners LLC increased its stake in Foot Locker by 8.8% during the 4th quarter. Foundry Partners LLC now owns 12,784 shares of the athletic footwear retailer's stock worth $278,000 after buying an additional 1,031 shares during the period.

Wall Street Analyst Weigh In

FL has been the topic of a number of analyst reports. Evercore ISI dropped their target price on Foot Locker from $22.00 to $15.00 and set an "outperform" rating on the stock in a research report on Friday, April 11th. UBS Group cut their price target on shares of Foot Locker from $22.00 to $21.00 and set a "neutral" rating on the stock in a report on Thursday, March 6th. StockNews.com downgraded Foot Locker from a "hold" rating to a "sell" rating in a report on Friday, April 11th. Barclays set a $24.00 price target on Foot Locker in a report on Wednesday, March 5th. Finally, JPMorgan Chase & Co. reduced their price objective on Foot Locker from $19.00 to $16.00 and set an "underweight" rating on the stock in a research note on Monday, April 14th. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $21.38.

Foot Locker Stock Performance

Shares of FL traded down $0.24 during mid-day trading on Friday, reaching $11.76. 2,517,433 shares of the company's stock traded hands, compared to its average volume of 3,467,497. Foot Locker, Inc. has a 12 month low of $11.00 and a 12 month high of $33.94. The stock has a market capitalization of $1.12 billion, a P/E ratio of -2.61, a price-to-earnings-growth ratio of 0.53 and a beta of 1.41. The business's 50-day moving average price is $14.86 and its 200-day moving average price is $19.64. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.45 and a current ratio of 1.67.

Foot Locker (NYSE:FL - Get Free Report) last released 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. Foot Locker had a positive return on equity of 2.91% and a negative net margin of 5.24%. The company had revenue of $2.25 billion during the quarter, compared to analysts' expectations of $2.32 billion. During the same quarter in the prior year, the business posted $0.38 earnings per share. The company's revenue for the quarter was down 5.7% compared to the same quarter last year. Equities analysts predict that Foot Locker, Inc. will post 1.23 earnings per share for the current year.

Foot Locker Company 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.