Raymond James Financial Inc. purchased a new stake in 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. The institutional investor purchased 74,374 shares of the athletic footwear retailer's stock, valued at approximately $1,619,000. Raymond James Financial Inc. owned 0.08% of Foot Locker at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. R Squared Ltd acquired a new position in shares of Foot Locker in the fourth quarter valued at approximately $50,000. Wilmington Savings Fund Society FSB bought a new stake in Foot Locker in the 3rd quarter valued at $58,000. Smartleaf Asset Management LLC grew its holdings in Foot Locker by 198.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,876 shares of the athletic footwear retailer's stock valued at $63,000 after buying an additional 1,911 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. increased its position in Foot Locker by 32.5% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,267 shares of the athletic footwear retailer's stock worth $84,000 after buying an additional 801 shares during the period. Finally, Fiduciary Alliance LLC acquired a new stake in shares of Foot Locker during the fourth quarter worth $203,000.
Analysts Set New Price Targets
FL has been the topic of a number of recent research reports. Robert W. Baird lowered their price target on shares of Foot Locker from $24.00 to $20.00 and set a "neutral" rating on the stock in a research report on Thursday, March 6th. JPMorgan Chase & Co. dropped their price target on shares of Foot Locker from $23.00 to $20.00 and set an "underweight" rating for the company in a research report on Friday, January 24th. UBS Group reduced their price target on Foot Locker from $22.00 to $21.00 and set a "neutral" rating on the stock in a research report on Thursday, March 6th. Evercore ISI dropped their price objective on Foot Locker from $30.00 to $22.00 and set an "outperform" rating for the company in a report on Monday, March 3rd. Finally, Barclays set a $24.00 target price on Foot Locker in a report on Wednesday, March 5th. Three investment 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. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $22.81.
Get Our Latest Stock Report on FL
Foot Locker Price Performance
Shares of NYSE:FL traded up $0.20 during trading on Friday, hitting $12.65. 10,966,433 shares of the company were exchanged, compared to its average volume of 3,364,406. Foot Locker, Inc. has a 1-year low of $11.31 and a 1-year high of $33.94. The company has a market capitalization of $1.20 billion, a P/E ratio of -2.80, a price-to-earnings-growth ratio of 0.53 and a beta of 1.41. The company has a quick ratio of 0.45, a current ratio of 1.67 and a debt-to-equity ratio of 0.15. The business's 50 day moving average is $17.44 and its 200-day moving average is $21.19.
Foot Locker (NYSE:FL - Get Free Report) last posted its earnings results on Wednesday, March 5th. The athletic footwear retailer reported $0.86 EPS for the quarter, beating the consensus estimate of $0.73 by $0.13. The firm had revenue of $2.25 billion during the quarter, compared to the consensus estimate of $2.32 billion. Foot Locker had a positive return on equity of 2.91% and a negative net margin of 5.24%. The business's quarterly revenue was down 5.7% on a year-over-year basis. During the same period last year, the company earned $0.38 earnings per share. Equities analysts forecast that Foot Locker, Inc. will post 1.23 earnings per share for the current year.
Foot Locker Company Profile
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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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