California Public Employees Retirement System lowered its stake in Foot Locker, Inc. (NYSE:FL - Free Report) by 18.8% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 133,652 shares of the athletic footwear retailer's stock after selling 30,948 shares during the period. California Public Employees Retirement System owned 0.14% of Foot Locker worth $2,908,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also recently modified their holdings of the company. Harbour Investments Inc. increased its holdings in Foot Locker by 81.6% in the 4th quarter. Harbour Investments Inc. now owns 1,442 shares of the athletic footwear retailer's stock worth $31,000 after buying an additional 648 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Foot Locker in the third quarter worth approximately $58,000. R Squared Ltd purchased a new position in shares of Foot Locker during the fourth quarter valued at approximately $50,000. 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 purchasing an additional 1,911 shares during the last quarter. Finally, Fiduciary Alliance LLC bought a new position in Foot Locker during the fourth quarter valued at approximately $203,000.
Wall Street Analyst Weigh In
A number of brokerages have weighed in on FL. Piper Sandler decreased their target price on shares of Foot Locker from $19.00 to $12.00 and set a "neutral" rating for the company in a research note on Friday. Telsey Advisory Group reiterated a "market perform" rating and set a $24.00 price objective on shares of Foot Locker in a research report on Wednesday, March 5th. Jefferies Financial Group cut their price target on Foot Locker from $22.00 to $19.00 and set a "hold" rating for the company in a research note on Wednesday, March 5th. Needham & Company LLC reiterated a "buy" rating and issued a $24.00 price objective on shares of Foot Locker in a research note on Wednesday, March 5th. Finally, Robert W. Baird cut their target price on shares of Foot Locker from $24.00 to $20.00 and set a "neutral" rating for the company in a research report on Thursday, March 6th. 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. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $21.94.
Check Out Our Latest Research Report on FL
Foot Locker Stock Down 1.1 %
Shares of NYSE FL traded down $0.13 during midday trading on Monday, reaching $11.68. 301,320 shares of the company's stock traded hands, compared to its average volume of 3,413,325. 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 company has a market cap of $1.11 billion, a price-to-earnings ratio of -2.56, a P/E/G ratio of 0.53 and a beta of 1.41. The stock's 50 day simple moving average is $16.42 and its 200-day simple moving average is $20.49. Foot Locker, Inc. has a one year low of $11.16 and a one year high of $33.94.
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. Foot Locker had a negative net margin of 5.24% and a positive return on equity of 2.91%. The company had revenue of $2.25 billion during the quarter, compared to analysts' expectations of $2.32 billion. During the same period last year, the business earned $0.38 EPS. Foot Locker's revenue for the quarter was down 5.7% on a year-over-year basis. On average, analysts predict that Foot Locker, Inc. will post 1.23 EPS for the current fiscal year.
Foot Locker Profile
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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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