Charles Schwab Investment Management Inc. Purchases 62,866 Shares of Foot Locker, Inc. (NYSE:FL)

Charles Schwab Investment Management Inc. increased its stake in shares of Foot Locker, Inc. (NYSE:FL - Free Report) by 5.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,176,449 shares of the athletic footwear retailer's stock after buying an additional 62,866 shares during the period. Charles Schwab Investment Management Inc. owned 1.24% of Foot Locker worth $25,600,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Allspring Global Investments Holdings LLC boosted its holdings in shares of Foot Locker by 88.6% during 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 period. Geode Capital Management LLC boosted 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 valued at $49,319,000 after purchasing an additional 25,394 shares during the period. Bank of New York Mellon Corp boosted its holdings in Foot Locker by 30.4% in the 4th 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 purchasing an additional 333,247 shares during the period. Jacobs Levy Equity Management Inc. boosted its holdings in Foot Locker by 10.3% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,135,474 shares of the athletic footwear retailer's stock valued at $29,341,000 after purchasing an additional 106,402 shares during the period. Finally, Stifel Financial Corp boosted its holdings in Foot Locker by 43.3% in the 3rd quarter. Stifel Financial Corp now owns 897,904 shares of the athletic footwear retailer's stock valued at $23,202,000 after purchasing an additional 271,297 shares during the period.

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Foot Locker Price Performance

FL stock traded up $0.08 during trading on Friday, reaching $16.13. 5,052,829 shares of the company were exchanged, compared to its average volume of 3,287,458. Foot Locker, Inc. has a twelve month low of $14.98 and a twelve month high of $33.94. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.67 and a quick ratio of 0.45. The company has a market capitalization of $1.53 billion, a price-to-earnings ratio of -3.58, a P/E/G ratio of 0.53 and a beta of 1.55. The company has a 50-day moving average of $18.70 and a two-hundred day moving average of $22.10.

Foot Locker (NYSE:FL - Get Free Report) last posted its earnings results 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 firm had revenue of $2.25 billion for the quarter, compared to analyst estimates of $2.32 billion. During the same period in the previous year, the firm posted $0.38 EPS. The company's revenue for the quarter was down 5.7% compared to the same quarter last year. As a group, equities analysts predict that Foot Locker, Inc. will post 1.23 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on FL shares. Needham & Company LLC reissued a "buy" rating and issued a $24.00 price objective on shares of Foot Locker in a report on Wednesday, March 5th. Guggenheim cut their price objective on shares of Foot Locker from $34.00 to $28.00 and set a "buy" rating for the company in a report on Thursday, December 5th. UBS Group cut their price objective on shares of Foot Locker from $22.00 to $21.00 and set a "neutral" rating for the company in a report on Thursday, March 6th. Jefferies Financial Group cut 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. Finally, 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 report on Wednesday, November 27th. 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 stock. According to data from MarketBeat.com, Foot Locker currently has a consensus rating of "Hold" and a consensus target price 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.