Foot Locker, Inc. (NYSE:FL) Shares Acquired by Stifel Financial Corp

Stifel Financial Corp increased its holdings in shares of Foot Locker, Inc. (NYSE:FL - Free Report) by 14.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,029,855 shares of the athletic footwear retailer's stock after acquiring an additional 131,951 shares during the period. Stifel Financial Corp owned approximately 1.09% of Foot Locker worth $22,410,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of FL. Allspring Global Investments Holdings LLC increased its holdings in shares of Foot Locker by 88.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 5,323,597 shares of the athletic footwear retailer's stock valued at $115,365,000 after purchasing an additional 2,500,396 shares in the last quarter. Cramer Rosenthal Mcglynn LLC purchased a new stake in shares of Foot Locker during the 4th quarter worth approximately $34,835,000. Cooper Creek Partners Management LLC acquired a new stake in shares of Foot Locker in the 4th quarter worth approximately $30,416,000. Segall Bryant & Hamill LLC purchased a new position in Foot Locker in the 4th quarter valued at approximately $18,640,000. Finally, Bank of New York Mellon Corp raised its holdings in Foot Locker by 30.4% during the fourth quarter. Bank of New York Mellon Corp now owns 1,429,870 shares of the athletic footwear retailer's stock worth $31,114,000 after purchasing an additional 333,247 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on FL. Piper Sandler lowered their price objective on shares of Foot Locker from $19.00 to $12.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. UBS Group decreased their price objective on Foot Locker from $22.00 to $21.00 and set a "neutral" rating on the stock in a report on Thursday, March 6th. JPMorgan Chase & Co. reduced their target price on Foot Locker from $19.00 to $16.00 and set an "underweight" rating on the stock in a research report on Monday, April 14th. Telsey Advisory Group restated a "market perform" rating and issued a $24.00 price target on shares of Foot Locker in a report on Wednesday, March 5th. Finally, Evercore ISI cut their price objective on shares of Foot Locker from $22.00 to $15.00 and set an "outperform" rating on the stock in a report on Friday, April 11th. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Foot Locker currently has a consensus rating of "Hold" and an average price target of $21.38.

Foot Locker Stock Performance

Shares of NYSE:FL opened at $12.01 on Friday. The business's 50-day simple moving average is $15.02 and its 200 day simple moving average is $19.74. The company has a market cap of $1.14 billion, a P/E ratio of -2.66, a PEG ratio of 0.53 and a beta of 1.41. 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 one year low of $11.00 and a one year high of $33.94.

Foot Locker (NYSE:FL - Get Free Report) last posted its quarterly earnings data on Wednesday, March 5th. The athletic footwear retailer reported $0.86 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.73 by $0.13. The company had revenue of $2.25 billion for 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 business's quarterly revenue was down 5.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.38 earnings per share. On average, sell-side analysts forecast that Foot Locker, Inc. will post 1.23 earnings per share for the current fiscal 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.

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