Geode Capital Management LLC Purchases 25,394 Shares of Foot Locker, Inc. (NYSE:FL)

Geode Capital Management LLC increased its holdings in shares of Foot Locker, Inc. (NYSE:FL - Free Report) by 1.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,908,253 shares of the athletic footwear retailer's stock after buying an additional 25,394 shares during the quarter. Geode Capital Management LLC owned 2.01% of Foot Locker worth $49,319,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of FL. Intech Investment Management LLC acquired a new stake in shares of Foot Locker in the third quarter worth $829,000. Renaissance Technologies LLC bought a new stake in Foot Locker in the second quarter valued at about $1,024,000. Versor Investments LP acquired a new position in shares of Foot Locker in the 3rd quarter worth approximately $793,000. Edgestream Partners L.P. lifted its holdings in shares of Foot Locker by 477.2% during the third quarter. Edgestream Partners L.P. now owns 117,602 shares of the athletic footwear retailer's stock valued at $3,039,000 after acquiring an additional 97,226 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Foot Locker by 3.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,113,583 shares of the athletic footwear retailer's stock valued at $28,775,000 after purchasing an additional 38,318 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Piper Sandler reduced their price target on shares of Foot Locker from $30.00 to $28.00 and set a "neutral" rating on the stock in a research report on Monday, December 2nd. Morgan Stanley dropped their price objective on Foot Locker from $17.00 to $16.00 and set an "underweight" rating for the company in a report on Friday, December 6th. Robert W. Baird reduced their price target on shares of Foot Locker from $27.00 to $24.00 and set a "neutral" rating on the stock in a research report on Thursday, December 5th. The Goldman Sachs Group cut their price objective on Foot Locker from $25.00 to $22.00 and set a "sell" rating on the stock in a report on Thursday, December 5th. Finally, UBS Group reduced 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 note on Thursday, December 5th. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Foot Locker has a consensus rating of "Hold" and a consensus target price of $25.18.

Foot Locker Price Performance

FL stock traded up $0.24 during midday trading on Tuesday, reaching $21.79. 1,520,525 shares of the stock were exchanged, compared to its average volume of 3,366,642. Foot Locker, Inc. has a 52 week low of $19.33 and a 52 week high of $35.60. The company has a fifty day moving average price of $23.46 and a 200 day moving average price of $25.62. 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 stock has a market capitalization of $2.07 billion, a PE ratio of -4.83, a P/E/G ratio of 0.86 and a beta of 1.46.

Foot Locker (NYSE:FL - Get Free Report) last released its quarterly earnings results on Wednesday, December 4th. The athletic footwear retailer reported $0.33 earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $2.01 billion. During the same quarter last year, the firm posted $0.30 earnings per share. The business's revenue for the quarter was down 1.4% on a year-over-year basis. As a group, analysts expect that Foot Locker, Inc. will post 1.23 EPS for the current fiscal year.

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.