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

Intech Investment Management LLC raised its stake in shares of Foot Locker, Inc. (NYSE:FL - Free Report) by 150.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 80,411 shares of the athletic footwear retailer's stock after buying an additional 48,337 shares during the period. Intech Investment Management LLC owned 0.08% of Foot Locker worth $1,750,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in FL. Harbour Investments Inc. raised its stake in shares of Foot Locker by 81.6% in the 4th quarter. Harbour Investments Inc. now owns 1,442 shares of the athletic footwear retailer's stock valued at $31,000 after acquiring an additional 648 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Foot Locker by 51.9% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 77,663 shares of the athletic footwear retailer's stock valued at $1,690,000 after purchasing an additional 26,530 shares during the period. Amundi raised its position in shares of Foot Locker by 140.6% in the fourth quarter. Amundi now owns 47,683 shares of the athletic footwear retailer's stock valued at $980,000 after purchasing an additional 27,868 shares during the period. Vestmark Advisory Solutions Inc. acquired a new stake in shares of Foot Locker in the fourth quarter worth $332,000. Finally, Inceptionr LLC bought a new stake in shares of Foot Locker during the 4th quarter worth $296,000.

Analysts Set New Price Targets

FL has been the subject of a number of research analyst reports. Telsey Advisory Group reissued a "market perform" rating and set a $24.00 target price on shares of Foot Locker in a research report on Wednesday, March 5th. Williams Trading upgraded Foot Locker from a "sell" rating to a "hold" rating and increased their target price for the company from $17.00 to $21.00 in a research note on Wednesday, November 27th. Jefferies Financial Group lowered their target price on Foot Locker from $22.00 to $19.00 and set a "hold" rating on the stock in a report on Wednesday, March 5th. Guggenheim cut their price target on Foot Locker from $34.00 to $28.00 and set a "buy" rating for the company in a report on Thursday, December 5th. Finally, 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 research note on Thursday, March 6th. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Foot Locker presently has an average rating of "Hold" and an average target price of $22.81.

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Foot Locker Price Performance

NYSE FL traded down $0.35 during trading on Tuesday, reaching $15.68. 2,961,019 shares of the company traded hands, compared to its average volume of 3,258,698. Foot Locker, Inc. has a 1-year low of $14.98 and a 1-year high of $33.94. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.45 and a current ratio of 1.67. The stock's 50 day moving average price is $18.49 and its two-hundred day moving average price is $21.86. The company has a market cap of $1.49 billion, a price-to-earnings ratio of -3.48, a P/E/G ratio of 0.53 and a beta of 1.55.

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

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.