HighTower Advisors LLC Sells 45,993 Shares of Foot Locker, Inc. (NYSE:FL)

HighTower Advisors LLC trimmed its position in shares of Foot Locker, Inc. (NYSE:FL - Free Report) by 57.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,173 shares of the athletic footwear retailer's stock after selling 45,993 shares during the quarter. HighTower Advisors LLC's holdings in Foot Locker were worth $744,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC increased its stake in Foot Locker by 88.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 5,323,597 shares of the athletic footwear retailer's stock worth $115,365,000 after purchasing an additional 2,500,396 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Foot Locker by 1.3% in the third quarter. Geode Capital Management LLC now owns 1,908,253 shares of the athletic footwear retailer's stock valued at $49,319,000 after buying an additional 25,394 shares during the period. Bank of New York Mellon Corp increased its position in shares of 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 acquiring an additional 333,247 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Foot Locker by 5.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,176,449 shares of the athletic footwear retailer's stock worth $25,600,000 after acquiring an additional 62,866 shares during the period. Finally, Jacobs Levy Equity Management Inc. lifted its position in Foot Locker by 10.3% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,135,474 shares of the athletic footwear retailer's stock valued at $29,341,000 after acquiring an additional 106,402 shares in the last quarter.

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Foot Locker Price Performance

FL stock traded up $0.55 during midday trading on Wednesday, reaching $14.71. 3,503,971 shares of the stock were exchanged, compared to its average volume of 3,311,918. Foot Locker, Inc. has a 52 week low of $13.90 and a 52 week high of $33.94. The company has a fifty day moving average price of $17.78 and a 200 day moving average price of $21.44. 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 $1.40 billion, a PE ratio of -3.26, a P/E/G ratio of 0.53 and a beta of 1.55.

Foot Locker (NYSE:FL - Get Free Report) last posted its earnings results on Wednesday, March 5th. The athletic footwear retailer reported $0.86 earnings per share for the quarter, topping analysts' consensus estimates of $0.73 by $0.13. The firm 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 company's revenue for the quarter was down 5.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.38 EPS. As a group, analysts expect that Foot Locker, Inc. will post 1.23 EPS for the current fiscal year.

Analyst Ratings Changes

FL has been the subject of a number of research reports. Morgan Stanley lowered their target price on Foot Locker from $17.00 to $16.00 and set an "underweight" rating for the company in a report on Friday, December 6th. Jefferies Financial Group dropped their target price on Foot Locker from $22.00 to $19.00 and set a "hold" rating on the stock in a research report on Wednesday, March 5th. Evercore ISI reduced their price target on Foot Locker from $30.00 to $22.00 and set an "outperform" rating for the company in a research report on Monday, March 3rd. UBS Group lowered their price objective on shares of Foot Locker from $22.00 to $21.00 and set a "neutral" rating on the stock in a report on Thursday, March 6th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $24.00 price target on shares of Foot Locker in a research note on Wednesday, March 5th. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $22.81.

Foot Locker 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.