Sei Investments Co. Grows Position in Foot Locker, Inc. (NYSE:FL)

Sei Investments Co. increased its position in Foot Locker, Inc. (NYSE:FL - Free Report) by 140.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 412,988 shares of the athletic footwear retailer's stock after buying an additional 241,504 shares during the period. Sei Investments Co. owned about 0.44% of Foot Locker worth $8,987,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Harbour Investments Inc. grew its holdings in Foot Locker by 81.6% during the 4th 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 in the last quarter. R Squared Ltd bought a new position in shares of Foot Locker during the fourth quarter valued at approximately $50,000. Wilmington Savings Fund Society FSB purchased a new stake in Foot Locker in the third quarter worth $58,000. Smartleaf Asset Management LLC increased its stake 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 worth $63,000 after buying an additional 1,911 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. boosted its holdings in shares of 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 valued at $84,000 after purchasing an additional 801 shares during the period.

Foot Locker Price Performance

NYSE FL traded down $2.26 during mid-day trading on Thursday, hitting $12.47. The stock had a trading volume of 10,057,881 shares, compared to its average volume of 3,335,545. Foot Locker, Inc. has a twelve month low of $12.07 and a twelve month high of $33.94. The stock has a market capitalization of $1.18 billion, a price-to-earnings ratio of -2.76, a PEG ratio of 0.53 and a beta of 1.55. The firm's 50 day moving average is $17.60 and its 200 day moving average is $21.37. 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 (NYSE:FL - Get Free Report) last issued its earnings results on Wednesday, March 5th. The athletic footwear retailer reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.13. The business had revenue of $2.25 billion for the quarter, compared to analysts' expectations 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 revenue for the quarter was down 5.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.38 EPS. Equities research analysts forecast that Foot Locker, Inc. will post 1.23 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on FL shares. Jefferies Financial Group decreased their price objective on Foot Locker from $22.00 to $19.00 and set a "hold" rating for the company in a report on Wednesday, March 5th. Telsey Advisory Group reissued a "market perform" rating and issued a $24.00 price objective on shares of Foot Locker in a research report on Wednesday, March 5th. Robert W. Baird lowered their target price on shares of Foot Locker from $24.00 to $20.00 and set a "neutral" rating for the company in a research note on Thursday, March 6th. JPMorgan Chase & Co. dropped their price target on Foot Locker from $23.00 to $20.00 and set an "underweight" rating on the stock in a research note on Friday, January 24th. Finally, Barclays set a $24.00 price objective on shares of 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 given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $22.81.

About Foot Locker

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.