Kestra Investment Management LLC Decreases Stock Position in Foot Locker, Inc. (NYSE:FL)

Kestra Investment Management LLC reduced its stake in Foot Locker, Inc. (NYSE:FL - Free Report) by 37.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 38,431 shares of the athletic footwear retailer's stock after selling 23,031 shares during the period. Kestra Investment Management LLC's holdings in Foot Locker were worth $836,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. SG Americas Securities LLC lifted its position in Foot Locker by 66.9% in the third quarter. SG Americas Securities LLC now owns 7,603 shares of the athletic footwear retailer's stock valued at $196,000 after acquiring an additional 3,048 shares during the last quarter. Creative Planning grew its stake in Foot Locker by 42.1% during the 3rd quarter. Creative Planning now owns 13,823 shares of the athletic footwear retailer's stock worth $357,000 after buying an additional 4,093 shares during the last quarter. Vontobel Holding Ltd. grew its stake in Foot Locker by 12.2% during the 3rd quarter. Vontobel Holding Ltd. now owns 11,144 shares of the athletic footwear retailer's stock worth $288,000 after buying an additional 1,210 shares during the last quarter. nVerses Capital LLC purchased a new stake in Foot Locker in the 3rd quarter valued at $47,000. Finally, Blue Trust Inc. raised its position in Foot Locker by 537.0% in the 3rd quarter. Blue Trust Inc. now owns 2,981 shares of the athletic footwear retailer's stock valued at $74,000 after purchasing an additional 2,513 shares during the last quarter.

Foot Locker Price Performance

Shares of Foot Locker stock traded down $0.68 on Friday, hitting $18.22. The company's stock had a trading volume of 3,182,604 shares, compared to its average volume of 2,883,432. The company has a quick ratio of 0.45, a current ratio of 1.67 and a debt-to-equity ratio of 0.15. The firm has a fifty day moving average price of $20.69 and a 200-day moving average price of $24.16. Foot Locker, Inc. has a 52-week low of $18.04 and a 52-week high of $35.60. The company has a market capitalization of $1.73 billion, a P/E ratio of -4.04, a price-to-earnings-growth ratio of 0.54 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 the consensus estimate of $0.40 by ($0.07). The company had revenue of $1.96 billion during the quarter, compared to analysts' expectations of $2.01 billion. Foot Locker had a negative net margin of 5.24% and a positive return on equity of 2.91%. The firm's revenue was down 1.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.30 earnings per share. On average, equities research analysts expect that Foot Locker, Inc. will post 1.23 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently commented on FL shares. Evercore ISI reduced their price target on shares of Foot Locker from $38.00 to $32.00 and set an "outperform" rating for the company in a research report on Tuesday, November 26th. Williams Trading raised Foot Locker from a "sell" rating to a "hold" rating and raised their price target for the stock from $17.00 to $21.00 in a report on Wednesday, November 27th. Jefferies Financial Group cut their price target on Foot Locker from $27.00 to $22.00 and set a "hold" rating for the company in a research note on Wednesday, December 4th. Telsey Advisory Group cut their price target on Foot Locker from $30.00 to $24.00 and set a "market perform" rating for the company in a research note on Thursday, December 5th. Finally, Robert W. Baird cut their price target on Foot Locker from $27.00 to $24.00 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 assigned a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $24.94.

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.