KBC Group NV Has $2.64 Million Position in Foot Locker, Inc. (NYSE:FL)

KBC Group NV lifted its holdings in Foot Locker, Inc. (NYSE:FL - Free Report) by 5,148.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 121,493 shares of the athletic footwear retailer's stock after buying an additional 119,178 shares during the quarter. KBC Group NV owned approximately 0.13% of Foot Locker worth $2,644,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of FL. Quarry LP acquired a new stake in Foot Locker in the second quarter worth $31,000. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Foot Locker by 156.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,616 shares of the athletic footwear retailer's stock worth $40,000 after acquiring an additional 985 shares during the period. nVerses Capital LLC bought a new stake in Foot Locker in the 3rd quarter valued at about $47,000. Wilmington Savings Fund Society FSB acquired a new position in Foot Locker during the 3rd quarter valued at about $58,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in Foot Locker in the 2nd quarter worth about $61,000.

Foot Locker Price Performance

Shares of NYSE FL traded up $0.10 during trading on Wednesday, hitting $19.28. The company had a trading volume of 1,931,416 shares, compared to its average volume of 2,854,577. Foot Locker, Inc. has a 52 week low of $18.62 and a 52 week high of $35.60. The business's 50-day moving average is $21.47 and its 200 day moving average is $24.73. The company has a market cap of $1.83 billion, a P/E ratio of -4.27, a PEG ratio of 0.79 and a beta of 1.48. 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 (NYSE:FL - Get Free Report) last announced its earnings results on Wednesday, December 4th. The athletic footwear retailer reported $0.33 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.40 by ($0.07). Foot Locker had a positive return on equity of 2.91% and a negative net margin of 5.24%. The company had revenue of $1.96 billion for the quarter, compared to analyst estimates of $2.01 billion. During the same period last year, the firm earned $0.30 earnings per share. The firm's revenue for the quarter was down 1.4% on a year-over-year basis. Equities research analysts predict that Foot Locker, Inc. will post 1.23 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Barclays cut their price target on Foot Locker from $34.00 to $29.00 and set an "overweight" rating on the stock in a report on Friday, December 6th. Jefferies Financial Group cut their target price on Foot Locker from $27.00 to $22.00 and set a "hold" rating on the stock in a research note on Wednesday, December 4th. Guggenheim decreased their price target on Foot Locker from $34.00 to $28.00 and set a "buy" rating for the company in a research note on Thursday, December 5th. Robert W. Baird cut their price objective on shares of Foot Locker from $27.00 to $24.00 and set a "neutral" rating on the stock in a research note on Thursday, December 5th. Finally, UBS Group decreased their target price on shares of Foot Locker from $26.00 to $22.00 and set a "neutral" rating for the company in a research report on Thursday, December 5th. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $24.94.

Foot Locker Company 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.