Blueshift Asset Management LLC Acquires New Holdings in Foot Locker, Inc. (NYSE:FL)

Blueshift Asset Management LLC purchased a new position 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. The firm purchased 17,509 shares of the athletic footwear retailer's stock, valued at approximately $381,000.

A number of other hedge funds have also recently modified their holdings of the company. Moody National Bank Trust Division bought a new stake in shares of Foot Locker in the fourth quarter worth about $610,000. Geode Capital Management LLC lifted its holdings in 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 worth $49,319,000 after buying an additional 25,394 shares during the period. Intech Investment Management LLC purchased a new stake in Foot Locker in the 3rd quarter worth approximately $829,000. Allspring Global Investments Holdings LLC grew its position 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 buying an additional 2,500,396 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its holdings in shares of Foot Locker by 198.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,876 shares of the athletic footwear retailer's stock valued at $63,000 after acquiring an additional 1,911 shares in the last quarter.

Foot Locker Stock Down 2.2 %

Shares of NYSE:FL traded down $0.35 during trading on Tuesday, reaching $15.68. 2,961,019 shares of the stock traded hands, compared to its average volume of 3,277,336. The stock has a market cap of $1.49 billion, a P/E ratio of -3.48, a price-to-earnings-growth ratio of 0.53 and a beta of 1.55. 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 stock has a 50-day moving average of $18.59 and a two-hundred day moving average of $21.93. Foot Locker, Inc. has a 52-week low of $14.98 and a 52-week high of $33.94.

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Foot Locker (NYSE:FL - Get Free Report) last issued its earnings results on Wednesday, March 5th. The athletic footwear retailer reported $0.86 EPS for the quarter, beating 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 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 business posted $0.38 EPS. The company's revenue was down 5.7% compared to the same quarter last year. As a group, sell-side analysts expect that Foot Locker, Inc. will post 1.23 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Williams Trading raised shares of Foot Locker from a "sell" rating to a "hold" rating and boosted their price objective for the company from $17.00 to $21.00 in a research report on Wednesday, November 27th. UBS Group reduced 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 report on Thursday, March 6th. Jefferies Financial Group lowered their price objective 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. JPMorgan Chase & Co. reduced their target price on Foot Locker from $23.00 to $20.00 and set an "underweight" rating on the stock in a report on Friday, January 24th. Finally, Robert W. Baird lowered their target price on Foot Locker from $24.00 to $20.00 and set a "neutral" rating for the company in a research note on Thursday, March 6th. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, Foot Locker has an average rating of "Hold" and an average price target of $22.81.

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.