Norges Bank acquired a new stake in Foot Locker, Inc. (NYSE:FL - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 203,088 shares of the athletic footwear retailer's stock, valued at approximately $4,419,000. Norges Bank owned approximately 0.21% of Foot Locker at the end of the most recent reporting period.
A number of other hedge funds have also made changes to their positions in FL. Harbour Investments Inc. boosted its position in shares of Foot Locker by 81.6% during the 4th quarter. Harbour Investments Inc. now owns 1,442 shares of the athletic footwear retailer's stock valued at $31,000 after purchasing an additional 648 shares in the last quarter. R Squared Ltd acquired a new stake in Foot Locker during the fourth quarter valued at approximately $50,000. Wilmington Savings Fund Society FSB bought a new stake in Foot Locker during the third quarter worth approximately $58,000. Smartleaf Asset Management LLC grew its position in Foot Locker by 198.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,876 shares of the athletic footwear retailer's stock worth $63,000 after buying an additional 1,911 shares during the last quarter. Finally, Fiduciary Alliance LLC bought a new position in shares of Foot Locker in the fourth quarter valued at $203,000.
Wall Street Analysts Forecast Growth
A number of equities analysts recently issued reports on FL shares. Evercore ISI decreased their target price on Foot Locker from $22.00 to $15.00 and set an "outperform" rating on the stock in a report on Friday. Needham & Company LLC restated a "buy" rating and set a $24.00 price objective on shares of Foot Locker in a report on Wednesday, March 5th. JPMorgan Chase & Co. decreased their target price on shares of Foot Locker from $19.00 to $16.00 and set an "underweight" rating for the company in a report on Monday. Jefferies Financial Group cut their price target on shares of Foot Locker from $22.00 to $19.00 and set a "hold" rating on the stock in a report on Wednesday, March 5th. Finally, Piper Sandler decreased their price objective on shares of Foot Locker from $19.00 to $12.00 and set a "neutral" rating for the company in a research note on Friday. Four research 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 has a consensus rating of "Hold" and an average price target of $21.69.
View Our Latest Analysis on FL
Foot Locker Stock Up 0.0 %
Shares of NYSE FL traded up $0.01 during trading hours on Tuesday, hitting $11.37. The stock had a trading volume of 646,340 shares, compared to its average volume of 4,029,994. The company has a market capitalization of $1.08 billion, a P/E ratio of -2.52, a P/E/G ratio of 0.53 and a beta of 1.41. The firm's 50-day moving average price is $16.26 and its two-hundred day moving average price is $20.39. 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 52 week low of $11.08 and a 52 week high of $33.94.
Foot Locker (NYSE:FL - Get Free Report) last announced its quarterly earnings results on Wednesday, March 5th. The athletic footwear retailer reported $0.86 EPS for the quarter, topping the consensus estimate of $0.73 by $0.13. Foot Locker had a negative net margin of 5.24% and a positive return on equity of 2.91%. The company had revenue of $2.25 billion for the quarter, compared to analyst estimates of $2.32 billion. During the same quarter in the prior year, the business posted $0.38 EPS. Foot Locker's quarterly revenue was down 5.7% on a year-over-year basis. Analysts anticipate that Foot Locker, Inc. will post 1.23 EPS for the current fiscal year.
Foot Locker Company 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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