Foot Locker, Inc. (NYSE:FL) Stock Position Cut by Edgestream Partners L.P.

Edgestream Partners L.P. reduced its position in shares of Foot Locker, Inc. (NYSE:FL - Free Report) by 76.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,189 shares of the athletic footwear retailer's stock after selling 90,413 shares during the period. Edgestream Partners L.P.'s holdings in Foot Locker were worth $592,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Chartwell Investment Partners LLC lifted its position in shares of Foot Locker by 2.4% during the third quarter. Chartwell Investment Partners LLC now owns 33,685 shares of the athletic footwear retailer's stock worth $870,000 after purchasing an additional 782 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. lifted its position in shares of Foot Locker by 32.5% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,267 shares of the athletic footwear retailer's stock worth $84,000 after purchasing an additional 801 shares in the last quarter. Natixis Advisors LLC lifted its position in shares of Foot Locker by 8.9% during the third quarter. Natixis Advisors LLC now owns 12,867 shares of the athletic footwear retailer's stock worth $332,000 after purchasing an additional 1,054 shares in the last quarter. Smartleaf Asset Management LLC lifted its position 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 worth $63,000 after purchasing an additional 1,911 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Foot Locker during the third quarter worth $58,000.

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Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Needham & Company LLC reaffirmed a "buy" rating and issued a $24.00 price target on shares of Foot Locker in a report on Wednesday, March 5th. JPMorgan Chase & Co. cut their price target on shares of Foot Locker from $23.00 to $20.00 and set an "underweight" rating on the stock in a report on Friday, January 24th. Robert W. Baird cut their price target on shares of Foot Locker from $24.00 to $20.00 and set a "neutral" rating on the stock in a report on Thursday, March 6th. Evercore ISI cut their price target on shares of Foot Locker from $30.00 to $22.00 and set an "outperform" rating on the stock in a report on Monday, March 3rd. Finally, Morgan Stanley cut their price target on shares of Foot Locker from $17.00 to $16.00 and set an "underweight" rating on the stock in a report on Friday, December 6th. Four 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, the stock currently has an average rating of "Hold" and a consensus target price of $22.81.

Foot Locker Stock Performance

Shares of Foot Locker stock traded up $0.10 during trading on Friday, hitting $15.65. 3,486,311 shares of the stock were exchanged, compared to its average volume of 3,285,369. The stock's fifty day moving average is $19.15 and its 200 day moving average is $22.55. The stock has a market cap of $1.48 billion, a PE ratio of -3.47, a P/E/G 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. Foot Locker, Inc. has a 12 month low of $14.98 and a 12 month high of $33.94.

Foot Locker (NYSE:FL - Get Free Report) last released its quarterly earnings results on Wednesday, March 5th. The athletic footwear retailer reported $0.86 EPS for the quarter, topping the consensus estimate of $0.73 by $0.13. The business had revenue of $2.25 billion during the quarter, compared to analyst estimates of $2.32 billion. Foot Locker had a negative net margin of 5.24% and a positive return on equity of 2.91%. The company's quarterly revenue was down 5.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.38 earnings per share. As a group, sell-side analysts anticipate that Foot Locker, Inc. will post 1.23 EPS for the current year.

About Foot Locker

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.