Prudential Financial Inc. Has $11.92 Million Position in Foot Locker, Inc. (NYSE:FL)

Prudential Financial Inc. increased its position in shares of Foot Locker, Inc. (NYSE:FL - Free Report) by 30.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 547,806 shares of the athletic footwear retailer's stock after buying an additional 127,900 shares during the period. Prudential Financial Inc. owned 0.58% of Foot Locker worth $11,920,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FL. Moody National Bank Trust Division acquired a new position in shares of Foot Locker during the 4th quarter worth about $610,000. Geode Capital Management LLC raised its stake in Foot Locker by 1.3% in 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 period. Intech Investment Management LLC bought a new stake in Foot Locker in the third quarter valued at approximately $829,000. Allspring Global Investments Holdings LLC lifted its position in shares of Foot Locker by 88.6% in 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, Smartleaf Asset Management LLC boosted its stake in shares of Foot Locker by 198.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,876 shares of the athletic footwear retailer's stock worth $63,000 after acquiring an additional 1,911 shares during the period.

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Foot Locker Price Performance

Shares of Foot Locker stock traded up $0.56 during trading on Wednesday, reaching $14.72. 566,171 shares of the company's stock were exchanged, compared to its average volume of 3,603,678. 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 1-year low of $13.90 and a 1-year high of $33.94. The company has a market cap of $1.40 billion, a P/E ratio of -3.26, a PEG ratio of 0.53 and a beta of 1.55. The firm's 50-day moving average price is $17.90 and its 200 day moving average price is $21.48.

Foot Locker (NYSE:FL - Get Free Report) last issued its 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 positive return on equity of 2.91% and a negative net margin of 5.24%. The firm had revenue of $2.25 billion during the quarter, compared to the consensus estimate of $2.32 billion. During the same quarter in the previous year, the firm earned $0.38 earnings per share. The business's quarterly revenue was down 5.7% on a year-over-year basis. As a group, research analysts anticipate that Foot Locker, Inc. will post 1.23 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Telsey Advisory Group reaffirmed a "market perform" rating and set a $24.00 price target on shares of Foot Locker in a report on Wednesday, March 5th. Guggenheim reduced their target price on shares of Foot Locker from $34.00 to $28.00 and set a "buy" rating for the company in a report on Thursday, December 5th. Evercore ISI lowered their price target on shares of Foot Locker from $30.00 to $22.00 and set an "outperform" rating on the stock in a report on Monday, March 3rd. Piper Sandler dropped their price target on Foot Locker from $23.00 to $19.00 and set a "neutral" rating for the company in a report on Thursday, March 6th. Finally, JPMorgan Chase & Co. lowered their price objective on Foot Locker from $23.00 to $20.00 and set an "underweight" rating on the stock in a research report on Friday, January 24th. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $22.81.

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.