Moody National Bank Trust Division bought a new position in Foot Locker, Inc. (NYSE:FL - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 28,050 shares of the athletic footwear retailer's stock, valued at approximately $610,000.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FL. Geode Capital Management LLC boosted its stake in Foot Locker by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 1,908,253 shares of the athletic footwear retailer's stock valued at $49,319,000 after purchasing an additional 25,394 shares during the period. Intech Investment Management LLC bought a new stake in shares of Foot Locker in the third quarter valued at approximately $829,000. Renaissance Technologies LLC acquired a new stake in shares of Foot Locker in the second quarter worth $1,024,000. Versor Investments LP bought a new position in Foot Locker during the third quarter worth $793,000. Finally, Charles Schwab Investment Management Inc. raised its stake in Foot Locker by 3.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,113,583 shares of the athletic footwear retailer's stock valued at $28,775,000 after purchasing an additional 38,318 shares during the last quarter.
Foot Locker Price Performance
Foot Locker stock traded up $0.19 during trading hours on Wednesday, hitting $21.02. 2,479,910 shares of the stock were exchanged, compared to its average volume of 3,055,568. The stock has a market capitalization of $1.99 billion, a P/E ratio of -4.66, a P/E/G ratio of 0.86 and a beta of 1.49. The business's 50-day moving average is $22.69 and its two-hundred day moving average is $25.19. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.45 and a current ratio of 1.67. Foot Locker, Inc. has a 12 month low of $19.33 and a 12 month high of $35.60.
Foot Locker (NYSE:FL - Get Free Report) last released its quarterly earnings results on Wednesday, December 4th. The athletic footwear retailer reported $0.33 earnings per share for the quarter, missing analysts' consensus estimates of $0.40 by ($0.07). The business had revenue of $1.96 billion for the quarter, compared to analyst estimates of $2.01 billion. Foot Locker had a negative net margin of 5.24% and a positive return on equity of 2.91%. The company's revenue for the quarter was down 1.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.30 earnings per share. Equities research analysts expect that Foot Locker, Inc. will post 1.23 EPS for the current fiscal year.
Analyst Ratings Changes
Several research firms have issued reports on FL. Needham & Company LLC restated a "buy" rating and issued a $25.00 price target on shares of Foot Locker in a research report on Wednesday, December 18th. Telsey Advisory Group decreased their target price on Foot Locker from $30.00 to $24.00 and set a "market perform" rating on the stock in a research report on Thursday, December 5th. The Goldman Sachs Group cut their price target on Foot Locker from $25.00 to $22.00 and set a "sell" rating for the company in a report on Thursday, December 5th. JPMorgan Chase & Co. decreased their price objective on Foot Locker from $27.00 to $23.00 and set an "underweight" rating on the stock in a report on Wednesday, December 4th. Finally, Robert W. Baird cut their target price 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 equities research analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $25.18.
Read Our Latest Analysis on Foot Locker
Foot Locker Profile
(
Free Report)
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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