Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Foot Locker, Inc. (NYSE:FL - Free Report) by 51.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 77,663 shares of the athletic footwear retailer's stock after purchasing an additional 26,530 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.08% of Foot Locker worth $1,690,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in FL. Amundi boosted its stake in Foot Locker by 140.6% during the fourth quarter. Amundi now owns 47,683 shares of the athletic footwear retailer's stock valued at $980,000 after buying an additional 27,868 shares during the last quarter. Vestmark Advisory Solutions Inc. bought a new position in Foot Locker during the fourth quarter valued at approximately $332,000. Inceptionr LLC bought a new position in Foot Locker during the fourth quarter valued at approximately $296,000. Raymond James Financial Inc. bought a new position in Foot Locker during the fourth quarter valued at approximately $1,619,000. Finally, Dana Investment Advisors Inc. boosted its stake in Foot Locker by 31.2% during the fourth quarter. Dana Investment Advisors Inc. now owns 137,176 shares of the athletic footwear retailer's stock valued at $2,985,000 after buying an additional 32,640 shares during the last quarter.
Analysts Set New Price Targets
FL has been the subject of a number of research reports. Evercore ISI dropped their price target on Foot Locker from $30.00 to $22.00 and set an "outperform" rating for the company in a research note on Monday, March 3rd. Robert W. Baird dropped their price target 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. Morgan Stanley dropped their price target 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. UBS Group lowered their price objective on Foot Locker from $22.00 to $21.00 and set a "neutral" rating for the company in a research note on Thursday, March 6th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $24.00 price objective on shares of Foot Locker in a research note on Wednesday, March 5th. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $22.81.
View Our Latest Report on FL
Foot Locker Trading Up 0.5 %
Shares of FL stock traded up $0.08 on Friday, reaching $16.13. 5,052,829 shares of the company's stock were exchanged, compared to its average volume of 3,275,861. Foot Locker, Inc. has a 52 week low of $14.98 and a 52 week high of $33.94. 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 stock has a market capitalization of $1.53 billion, a PE ratio of -3.58, a P/E/G ratio of 0.53 and a beta of 1.55. The company's fifty day simple moving average is $18.70 and its 200 day simple moving average is $22.06.
Foot Locker (NYSE:FL - Get Free Report) last issued its quarterly earnings results on Wednesday, March 5th. The athletic footwear retailer reported $0.86 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 firm had revenue of $2.25 billion during the quarter, compared to analyst estimates of $2.32 billion. During the same period last year, the company earned $0.38 EPS. Foot Locker's quarterly revenue was down 5.7% compared to the same quarter last year. As a group, analysts forecast that Foot Locker, Inc. will post 1.23 EPS 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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