Charles Schwab Investment Management Inc. Buys 38,318 Shares of Foot Locker, Inc. (NYSE:FL)

Charles Schwab Investment Management Inc. increased its position in Foot Locker, Inc. (NYSE:FL - Free Report) by 3.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,113,583 shares of the athletic footwear retailer's stock after buying an additional 38,318 shares during the period. Charles Schwab Investment Management Inc. owned 1.17% of Foot Locker worth $28,775,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in FL. Allspring Global Investments Holdings LLC boosted its position in Foot Locker by 23.8% during the second quarter. Allspring Global Investments Holdings LLC now owns 2,900,439 shares of the athletic footwear retailer's stock worth $72,279,000 after purchasing an additional 557,489 shares during the period. Point72 Asset Management L.P. bought a new stake in shares of Foot Locker in the second quarter valued at approximately $10,005,000. Algert Global LLC boosted its position in shares of Foot Locker by 194.3% in the second quarter. Algert Global LLC now owns 111,049 shares of the athletic footwear retailer's stock valued at $2,767,000 after acquiring an additional 73,319 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Foot Locker by 1.5% in the second quarter. Dimensional Fund Advisors LP now owns 4,700,102 shares of the athletic footwear retailer's stock valued at $117,123,000 after acquiring an additional 71,152 shares during the period. Finally, State of New Jersey Common Pension Fund D bought a new stake in shares of Foot Locker in the third quarter valued at approximately $1,563,000.

Foot Locker Price Performance

Shares of NYSE:FL traded down $0.86 during midday trading on Thursday, reaching $21.16. The company's stock had a trading volume of 7,102,088 shares, compared to its average volume of 3,365,110. Foot Locker, Inc. has a fifty-two week low of $19.33 and a fifty-two week high of $35.60. The company has a market capitalization of $2.01 billion, a P/E ratio of -4.72, a P/E/G ratio of 0.70 and a beta of 1.46. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.66 and a quick ratio of 0.49. The business's fifty day simple moving average is $24.07 and its 200-day simple moving average is $25.84.

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

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on FL shares. Needham & Company LLC reissued a "buy" rating and issued a $27.00 price objective on shares of Foot Locker in a research report on Wednesday. Jefferies Financial Group reduced their target price on Foot Locker from $27.00 to $22.00 and set a "hold" rating for the company in a research report on Wednesday. Telsey Advisory Group reduced their target price on Foot Locker from $30.00 to $24.00 and set a "market perform" rating for the company in a research report on Thursday. Barclays raised Foot Locker from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $27.00 to $34.00 in a research report on Thursday, August 29th. Finally, Robert W. Baird reduced their target price on Foot Locker from $27.00 to $24.00 and set a "neutral" rating for the company in a research report on Thursday. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $25.71.

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.