Segall Bryant & Hamill LLC purchased a new stake in shares of Foot Locker, Inc. (NYSE:FL - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 856,602 shares of the athletic footwear retailer's stock, valued at approximately $18,640,000. Segall Bryant & Hamill LLC owned 0.90% of Foot Locker at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of FL. Harbour Investments Inc. lifted its position in Foot Locker by 81.6% during the fourth quarter. Harbour Investments Inc. now owns 1,442 shares of the athletic footwear retailer's stock valued at $31,000 after buying an additional 648 shares during the period. R Squared Ltd purchased a new position in Foot Locker during the 4th quarter valued at about $50,000. Wilmington Savings Fund Society FSB purchased a new position in Foot Locker during the 3rd quarter valued at about $58,000. Smartleaf Asset Management LLC boosted its stake in Foot Locker by 198.0% during the fourth 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 in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. grew its holdings in Foot Locker by 32.5% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,267 shares of the athletic footwear retailer's stock worth $84,000 after purchasing an additional 801 shares during the period.
Foot Locker Stock Performance
Shares of FL stock traded down $0.75 on Friday, reaching $14.52. The stock had a trading volume of 5,098,222 shares, compared to its average volume of 3,310,170. The stock has a market cap of $1.38 billion, a P/E ratio of -3.22, a price-to-earnings-growth ratio of 0.53 and a beta of 1.55. 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 $14.34 and a 1 year high of $33.94. The company has a 50 day simple moving average of $18.15 and a 200 day simple moving average of $21.65.
Foot Locker (NYSE:FL - Get Free Report) last released its quarterly earnings results on Wednesday, March 5th. The athletic footwear retailer reported $0.86 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 business had revenue of $2.25 billion during the quarter, compared to the consensus estimate of $2.32 billion. During the same period in the previous year, the company posted $0.38 EPS. The business's quarterly revenue was down 5.7% compared to the same quarter last year. Equities research analysts expect that Foot Locker, Inc. will post 1.23 EPS for the current year.
Analyst Upgrades and Downgrades
A number of analysts have recently commented on the company. Telsey Advisory Group reissued a "market perform" rating and issued a $24.00 price target on shares of Foot Locker in a research report on Wednesday, March 5th. Needham & Company LLC reissued a "buy" rating and issued a $24.00 target price on shares of Foot Locker in a report on Wednesday, March 5th. Evercore ISI cut their target price on Foot Locker from $30.00 to $22.00 and set an "outperform" rating on the stock in a research note on Monday, March 3rd. The Goldman Sachs Group dropped their price target on shares of Foot Locker from $25.00 to $22.00 and set a "sell" rating on the stock in a research note on Thursday, December 5th. Finally, Guggenheim reduced their price objective on shares of Foot Locker from $34.00 to $28.00 and set a "buy" rating for the company in a research note on Thursday, December 5th. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $22.81.
Check Out Our Latest Report on FL
Foot Locker 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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