Intech Investment Management LLC Buys 48,337 Shares of Foot Locker, Inc. (NYSE:FL)

Intech Investment Management LLC increased its holdings in shares of Foot Locker, Inc. (NYSE:FL - Free Report) by 150.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 80,411 shares of the athletic footwear retailer's stock after purchasing an additional 48,337 shares during the quarter. Intech Investment Management LLC owned 0.08% of Foot Locker worth $1,750,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of FL. Allspring Global Investments Holdings LLC grew its position in Foot Locker by 88.6% in the fourth 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 acquiring an additional 2,500,396 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Foot Locker by 30.4% during the 4th 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 buying an additional 333,247 shares during the period. Stifel Financial Corp lifted its holdings in Foot Locker by 43.3% in the 3rd quarter. Stifel Financial Corp now owns 897,904 shares of the athletic footwear retailer's stock worth $23,202,000 after buying an additional 271,297 shares in the last quarter. Peregrine Capital Management LLC purchased a new position in Foot Locker in the 4th quarter valued at about $5,123,000. Finally, Point72 Asset Management L.P. grew its stake in shares of Foot Locker by 37.0% during the third quarter. Point72 Asset Management L.P. now owns 549,997 shares of the athletic footwear retailer's stock valued at $14,212,000 after acquiring an additional 148,523 shares in the last quarter.

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Analyst Ratings Changes

A number of research firms have recently weighed in on FL. Piper Sandler decreased their price target on shares of Foot Locker from $23.00 to $19.00 and set a "neutral" rating for the company in a research report on Thursday, March 6th. Evercore ISI dropped their target price on shares of Foot Locker from $30.00 to $22.00 and set an "outperform" rating for the company in a research report on Monday, March 3rd. The Goldman Sachs Group cut their target price on shares of Foot Locker from $25.00 to $22.00 and set a "sell" rating on the stock in a research note on Thursday, December 5th. Morgan Stanley decreased their price target on Foot Locker from $17.00 to $16.00 and set an "underweight" rating for the company in a research note on Friday, December 6th. Finally, UBS Group cut their price objective on Foot Locker from $22.00 to $21.00 and set a "neutral" rating on the stock in a research note on Thursday, March 6th. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Foot Locker presently has a consensus rating of "Hold" and an average target price of $22.81.

Foot Locker Stock Down 2.5 %

Shares of Foot Locker stock traded down $0.40 on Wednesday, hitting $15.28. The company had a trading volume of 4,069,960 shares, compared to its average volume of 3,620,664. The stock has a 50-day moving average of $18.49 and a 200-day moving average of $21.86. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.67 and a quick ratio of 0.45. Foot Locker, Inc. has a twelve month low of $14.98 and a twelve month high of $33.94. The firm has a market capitalization of $1.45 billion, a P/E ratio of -3.39, a P/E/G ratio of 0.53 and a beta of 1.55.

Foot Locker (NYSE:FL - Get Free Report) last released its earnings results on Wednesday, March 5th. The athletic footwear retailer reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.13. The business had revenue of $2.25 billion for the quarter, compared to analyst estimates of $2.32 billion. Foot Locker had a positive return on equity of 2.91% and a negative net margin of 5.24%. Foot Locker's revenue was down 5.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.38 earnings per share. Research analysts predict that Foot Locker, Inc. will post 1.23 earnings per share for the current year.

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.