Marshall Wace LLP Decreases Stock Holdings in Foot Locker, Inc. (NYSE:FL)

Marshall Wace LLP cut its stake in Foot Locker, Inc. (NYSE:FL - Free Report) by 97.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 93,157 shares of the athletic footwear retailer's stock after selling 4,205,032 shares during the period. Marshall Wace LLP owned approximately 0.10% of Foot Locker worth $2,027,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in FL. Vanguard Group Inc. increased its holdings in shares of Foot Locker by 2.0% during the 4th quarter. Vanguard Group Inc. now owns 10,505,006 shares of the athletic footwear retailer's stock worth $228,589,000 after buying an additional 210,832 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in Foot Locker by 88.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 5,323,597 shares of the athletic footwear retailer's stock worth $115,365,000 after acquiring an additional 2,500,396 shares during the last quarter. American Century Companies Inc. raised its position in Foot Locker by 5.2% in the fourth quarter. American Century Companies Inc. now owns 1,659,206 shares of the athletic footwear retailer's stock valued at $36,104,000 after purchasing an additional 81,814 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Foot Locker by 30.4% in the 4th quarter. Bank of New York Mellon Corp now owns 1,429,870 shares of the athletic footwear retailer's stock valued at $31,114,000 after purchasing an additional 333,247 shares during the last quarter. Finally, Cooper Creek Partners Management LLC purchased a new position in shares of Foot Locker during the 4th quarter worth $30,416,000.

Foot Locker Trading Down 2.0 %

Shares of Foot Locker stock opened at $11.76 on Monday. The company has a fifty day simple moving average of $14.86 and a 200-day simple moving average of $19.61. Foot Locker, Inc. has a 12-month low of $11.00 and a 12-month high of $33.94. The company has a current ratio of 1.67, a quick ratio of 0.45 and a debt-to-equity ratio of 0.15. The stock has a market cap of $1.12 billion, a price-to-earnings ratio of -2.61, a PEG ratio of 0.53 and a beta of 1.41.

Foot Locker (NYSE:FL - Get Free Report) last issued its quarterly earnings data 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. Foot Locker had a positive return on equity of 2.91% and a negative net margin of 5.24%. The company had revenue of $2.25 billion for the quarter, compared to analyst estimates of $2.32 billion. During the same quarter last year, the company posted $0.38 earnings per share. The business's quarterly revenue was down 5.7% compared to the same quarter last year. On average, equities analysts forecast that Foot Locker, Inc. will post 1.23 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on FL shares. Robert W. Baird reduced their price objective on shares of Foot Locker from $24.00 to $20.00 and set a "neutral" rating on the stock in a report on Thursday, March 6th. UBS Group decreased 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. Telsey Advisory Group reiterated a "market perform" rating and issued a $24.00 target price on shares of Foot Locker in a report on Wednesday, March 5th. The Goldman Sachs Group decreased their price target on Foot Locker from $19.00 to $17.00 and set a "sell" rating on the stock in a research note on Tuesday, April 22nd. Finally, StockNews.com cut shares of Foot Locker from a "hold" rating to a "sell" rating in a report on Friday, April 11th. 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, the stock presently has a consensus rating of "Hold" and an average price target of $21.38.

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.

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