Russell Investments Group Ltd. Increases Stock Position in Foot Locker, Inc. (NYSE:FL)

Russell Investments Group Ltd. boosted its position in shares of Foot Locker, Inc. (NYSE:FL - Free Report) by 43.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 197,899 shares of the athletic footwear retailer's stock after buying an additional 59,678 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.21% of Foot Locker worth $4,306,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FL. Envestnet Asset Management Inc. raised its position in shares of Foot Locker by 11.6% during the 4th quarter. Envestnet Asset Management Inc. now owns 19,426 shares of the athletic footwear retailer's stock worth $423,000 after purchasing an additional 2,026 shares during the last quarter. Dynamic Technology Lab Private Ltd lifted its position in shares of Foot Locker by 161.6% in the fourth quarter. Dynamic Technology Lab Private Ltd now owns 28,508 shares of the athletic footwear retailer's stock valued at $620,000 after acquiring an additional 17,611 shares in the last quarter. Foundry Partners LLC lifted its position in shares of Foot Locker by 8.8% in the fourth quarter. Foundry Partners LLC now owns 12,784 shares of the athletic footwear retailer's stock valued at $278,000 after acquiring an additional 1,031 shares in the last quarter. ExodusPoint Capital Management LP purchased a new stake in shares of Foot Locker during the fourth quarter worth approximately $3,338,000. Finally, Norges Bank acquired a new position in Foot Locker in the 4th quarter valued at $4,419,000.

Foot Locker Trading Up 6.9 %

Foot Locker stock traded up $0.77 during trading on Friday, hitting $11.89. The company had a trading volume of 4,570,953 shares, compared to its average volume of 3,447,216. Foot Locker, Inc. has a 1-year low of $11.00 and a 1-year high of $33.94. The company has a current ratio of 1.67, a quick ratio of 0.45 and a debt-to-equity ratio of 0.15. The company's 50 day simple moving average is $15.68 and its 200-day simple moving average is $20.07. The stock has a market cap of $1.13 billion, a price-to-earnings ratio of -2.64, a price-to-earnings-growth ratio of 0.53 and a beta of 1.41.

Foot Locker (NYSE:FL - Get Free Report) last announced its quarterly earnings data on Wednesday, March 5th. The athletic footwear retailer reported $0.86 earnings per share for the quarter, beating analysts' consensus estimates of $0.73 by $0.13. The firm had revenue of $2.25 billion during the quarter, compared to analysts' expectations of $2.32 billion. Foot Locker had a negative net margin of 5.24% and a positive return on equity of 2.91%. The business's quarterly revenue was down 5.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.38 earnings per share. As a group, analysts expect that Foot Locker, Inc. will post 1.23 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently issued reports on FL. UBS Group dropped their target price on shares of Foot Locker from $22.00 to $21.00 and set a "neutral" rating for the company in a report on Thursday, March 6th. Piper Sandler dropped 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, April 11th. StockNews.com lowered shares of Foot Locker from a "hold" rating to a "sell" rating in a research note on Friday, April 11th. Needham & Company LLC restated a "buy" rating and issued a $24.00 price target on shares of Foot Locker in a research report on Wednesday, March 5th. Finally, Robert W. Baird dropped their price objective on shares of Foot Locker from $24.00 to $20.00 and set a "neutral" rating for the company in a report on Thursday, March 6th. 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. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $21.69.

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.