Oppenheimer Asset Management Inc. Purchases New Position in Foot Locker, Inc. (NYSE:FL)

Oppenheimer Asset Management Inc. acquired a new stake in shares of Foot Locker, Inc. (NYSE:FL - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 23,298 shares of the athletic footwear retailer's stock, valued at approximately $507,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Moody National Bank Trust Division purchased a new stake in Foot Locker during the fourth quarter valued at approximately $610,000. Geode Capital Management LLC increased its holdings in Foot Locker by 1.3% during the third quarter. Geode Capital Management LLC now owns 1,908,253 shares of the athletic footwear retailer's stock valued at $49,319,000 after buying an additional 25,394 shares during the last quarter. Intech Investment Management LLC purchased a new stake in Foot Locker during the third quarter valued at approximately $829,000. Allspring Global Investments Holdings LLC increased its holdings 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 valued at $115,365,000 after buying an additional 2,500,396 shares during the last quarter. Finally, Versor Investments LP purchased a new stake in Foot Locker during the third quarter valued at approximately $793,000.

Foot Locker Price Performance

Shares of NYSE FL traded up $0.86 during mid-day trading on Friday, hitting $18.70. 4,346,839 shares of the company's stock traded hands, compared to its average volume of 3,456,685. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.67 and a quick ratio of 0.45. Foot Locker, Inc. has a 1 year low of $16.92 and a 1 year high of $33.94. The company's 50-day moving average is $19.72 and its two-hundred day moving average is $23.13. The company has a market capitalization of $1.77 billion, a P/E ratio of -4.15, a PEG ratio of 0.53 and a beta of 1.55.

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Foot Locker (NYSE:FL - Get Free Report) last announced its earnings results on Wednesday, March 5th. The athletic footwear retailer reported $0.86 earnings per share for the quarter, beating 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 business had revenue of $2.25 billion for the quarter, compared to the consensus estimate of $2.32 billion. During the same quarter in the prior year, the firm posted $0.38 earnings per share. The business's revenue for the quarter was down 5.7% on a year-over-year basis. On average, equities analysts anticipate that Foot Locker, Inc. will post 1.23 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

FL has been the topic of a number of analyst reports. Guggenheim lowered their target price on shares of Foot Locker from $34.00 to $28.00 and set a "buy" rating on the stock in a research note on Thursday, December 5th. Robert W. Baird lowered their price objective on Foot Locker from $24.00 to $20.00 and set a "neutral" rating on the stock in a research report on Thursday. JPMorgan Chase & Co. dropped their price objective on Foot Locker from $23.00 to $20.00 and set an "underweight" rating for the company in a research note on Friday, January 24th. Williams Trading raised Foot Locker from a "sell" rating to a "hold" rating and lifted their target price for the company from $17.00 to $21.00 in a research note on Wednesday, November 27th. Finally, UBS Group lowered their price target on Foot Locker from $22.00 to $21.00 and set a "neutral" rating on the stock in a report on Thursday. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, Foot Locker presently has a consensus rating of "Hold" and a consensus target price of $23.13.

Foot Locker Company 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.