Jennison Associates LLC Acquires 130,927 Shares of Foot Locker, Inc. (NYSE:FL)

Jennison Associates LLC raised its holdings in Foot Locker, Inc. (NYSE:FL - Free Report) by 25.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 640,351 shares of the athletic footwear retailer's stock after acquiring an additional 130,927 shares during the quarter. Jennison Associates LLC owned about 0.67% of Foot Locker worth $13,934,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Stifel Financial Corp grew its holdings in Foot Locker by 43.3% during the third quarter. Stifel Financial Corp now owns 897,904 shares of the athletic footwear retailer's stock valued at $23,202,000 after purchasing an additional 271,297 shares during the period. Point72 Asset Management L.P. raised its stake in Foot Locker by 37.0% during the 3rd quarter. Point72 Asset Management L.P. now owns 549,997 shares of the athletic footwear retailer's stock worth $14,212,000 after buying an additional 148,523 shares during the period. KBC Group NV lifted its holdings in Foot Locker by 5,148.1% during the fourth quarter. KBC Group NV now owns 121,493 shares of the athletic footwear retailer's stock worth $2,644,000 after acquiring an additional 119,178 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its holdings in shares of Foot Locker by 10.3% in the third quarter. Jacobs Levy Equity Management Inc. now owns 1,135,474 shares of the athletic footwear retailer's stock worth $29,341,000 after acquiring an additional 106,402 shares in the last quarter. Finally, Neo Ivy Capital Management acquired a new stake in shares of Foot Locker during the third quarter worth about $2,636,000.

Foot Locker Trading Down 4.6 %

Shares of NYSE:FL traded down $0.86 on Friday, reaching $18.09. 3,963,943 shares of the company traded hands, compared to its average volume of 2,623,720. The company has a current ratio of 1.67, a quick ratio of 0.45 and a debt-to-equity ratio of 0.15. Foot Locker, Inc. has a 52 week low of $18.04 and a 52 week high of $35.60. The business's 50-day simple moving average is $21.20 and its 200 day simple moving average is $24.63. The stock has a market capitalization of $1.72 billion, a P/E ratio of -4.01, a price-to-earnings-growth ratio of 0.53 and a beta of 1.48.

Foot Locker (NYSE:FL - Get Free Report) last issued its quarterly earnings data 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 negative net margin of 5.24% and a positive return on equity of 2.91%. The company had revenue of $1.96 billion for the quarter, compared to analysts' expectations of $2.01 billion. During the same period in the previous year, the firm posted $0.30 earnings per share. The firm's revenue for the quarter was down 1.4% compared to the same quarter last year. As a group, equities analysts anticipate that Foot Locker, Inc. will post 1.23 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Robert W. Baird decreased their price objective on Foot Locker from $27.00 to $24.00 and set a "neutral" rating for the company in a research report on Thursday, December 5th. Barclays lowered their price objective on shares of Foot Locker from $34.00 to $29.00 and set an "overweight" rating for the company in a research report on Friday, December 6th. Evercore ISI reduced their target price on shares of Foot Locker from $38.00 to $32.00 and set an "outperform" rating for the company in a research note on Tuesday, November 26th. Needham & Company LLC dropped their price target on Foot Locker from $25.00 to $24.00 and set a "buy" rating on the stock in a research note on Friday, January 24th. Finally, Morgan Stanley cut their price target on Foot Locker from $17.00 to $16.00 and set an "underweight" rating on the stock in a report on Friday, December 6th. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Foot Locker has an average rating of "Hold" and a consensus price target of $24.94.

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.