Fmr LLC Has $103.79 Million Stock Position in Foot Locker, Inc. (NYSE:FL)

FMR LLC lessened its stake in Foot Locker, Inc. (NYSE:FL - Free Report) by 28.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,016,734 shares of the athletic footwear retailer's stock after selling 1,565,822 shares during the quarter. FMR LLC owned approximately 4.23% of Foot Locker worth $103,792,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Price T Rowe Associates Inc. MD lifted its stake in Foot Locker by 6.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 51,589 shares of the athletic footwear retailer's stock valued at $1,471,000 after purchasing an additional 2,906 shares during the last quarter. Tidal Investments LLC acquired a new position in shares of Foot Locker during the 1st quarter worth approximately $486,000. Kessler Investment Group LLC lifted its holdings in Foot Locker by 25.9% during the 2nd quarter. Kessler Investment Group LLC now owns 7,613 shares of the athletic footwear retailer's stock valued at $190,000 after purchasing an additional 1,567 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in Foot Locker by 1.2% during the second quarter. Nisa Investment Advisors LLC now owns 41,541 shares of the athletic footwear retailer's stock worth $1,035,000 after purchasing an additional 483 shares during the period. Finally, Fifth Third Bancorp increased its holdings in shares of Foot Locker by 116.0% in the second quarter. Fifth Third Bancorp now owns 1,365 shares of the athletic footwear retailer's stock valued at $34,000 after purchasing an additional 733 shares during the last quarter.

Wall Street Analyst Weigh In

Several brokerages recently commented on FL. StockNews.com downgraded shares of Foot Locker from a "hold" rating to a "sell" rating in a report on Friday, September 20th. Telsey Advisory Group reduced their price objective on Foot Locker from $30.00 to $24.00 and set a "market perform" rating for the company in a report on Thursday. Needham & Company LLC reiterated a "buy" rating and set a $27.00 target price on shares of Foot Locker in a research note on Wednesday. Williams Trading upgraded Foot Locker from a "sell" rating to a "hold" rating and boosted their price target for the company from $17.00 to $21.00 in a research note on Wednesday, November 27th. Finally, Robert W. Baird lowered their price objective on Foot Locker from $27.00 to $24.00 and set a "neutral" rating on the stock in a research report on Thursday. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, Foot Locker presently has an average rating of "Hold" and an average price target of $25.71.

Foot Locker Price Performance

Shares of Foot Locker stock traded down $0.86 during trading on Thursday, reaching $21.16. 7,102,088 shares of the company's stock were exchanged, compared to its average volume of 3,365,110. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.49 and a current ratio of 1.66. Foot Locker, Inc. has a 1-year low of $19.33 and a 1-year high of $35.60. The company has a market cap of $2.01 billion, a P/E ratio of -4.72, a PEG ratio of 0.70 and a beta of 1.46. The firm's 50-day moving average price is $24.07 and its 200 day moving average price is $25.84.

Foot Locker (NYSE:FL - Get Free Report) last posted its earnings results on Wednesday, December 4th. The athletic footwear retailer reported $0.33 EPS for the quarter, missing analysts' consensus estimates of $0.40 by ($0.07). The company had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $2.01 billion. Foot Locker had a positive return on equity of 2.73% and a negative net margin of 4.48%. The firm's revenue was down 1.4% compared to the same quarter last year. During the same period last year, the company posted $0.30 EPS. As a group, research analysts anticipate that Foot Locker, Inc. will post 1.52 earnings per share 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.