FIL Ltd Buys New Position in Foot Locker, Inc. (NYSE:FL)

FIL Ltd bought a new stake in Foot Locker, Inc. (NYSE:FL - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 217,894 shares of the athletic footwear retailer's stock, valued at approximately $4,741,000. FIL Ltd owned about 0.23% of Foot Locker at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Moody National Bank Trust Division purchased a new stake in shares of Foot Locker during the fourth quarter worth approximately $610,000. Geode Capital Management LLC increased its stake in shares of Foot Locker by 1.3% during the third quarter. Geode Capital Management LLC now owns 1,908,253 shares of the athletic footwear retailer's stock worth $49,319,000 after acquiring an additional 25,394 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in Foot Locker by 88.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 5,323,597 shares of the athletic footwear retailer's stock worth $115,365,000 after purchasing an additional 2,500,396 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in Foot Locker by 198.0% in 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 period. Finally, Sei Investments Co. boosted its holdings in Foot Locker by 140.8% in the 4th quarter. Sei Investments Co. now owns 412,988 shares of the athletic footwear retailer's stock valued at $8,987,000 after purchasing an additional 241,504 shares in the last quarter.

Foot Locker Stock Performance

FL stock traded down $0.03 on Wednesday, reaching $11.18. The company's stock had a trading volume of 3,046,787 shares, compared to its average volume of 3,437,074. Foot Locker, Inc. has a 52 week low of $11.01 and a 52 week 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 $1.06 billion, a P/E ratio of -2.48, a price-to-earnings-growth ratio of 0.53 and a beta of 1.41. The firm has a fifty day moving average of $16.11 and a two-hundred day moving average of $20.32.

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

Wall Street Analyst Weigh In

FL has been the topic of a number of recent analyst reports. Robert W. Baird lowered their price target on shares of Foot Locker from $24.00 to $20.00 and set a "neutral" rating on the stock in a research note on Thursday, March 6th. Barclays set a $24.00 target price on Foot Locker in a research report on Wednesday, March 5th. Telsey Advisory Group reiterated a "market perform" rating and issued a $24.00 price objective on shares of Foot Locker in a research report on Wednesday, March 5th. Evercore ISI lowered their target price on Foot Locker from $22.00 to $15.00 and set an "outperform" rating on the stock in a report on Friday, April 11th. Finally, 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 research report on Wednesday, March 5th. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $21.69.

Foot Locker 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.