Sei Investments Co. Buys 241,504 Shares of Foot Locker, Inc. (NYSE:FL)

Sei Investments Co. increased its holdings in shares of Foot Locker, Inc. (NYSE:FL - Free Report) by 140.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 412,988 shares of the athletic footwear retailer's stock after acquiring an additional 241,504 shares during the quarter. Sei Investments Co. owned approximately 0.44% of Foot Locker worth $8,987,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Harbour Investments Inc. raised its stake in shares of Foot Locker by 81.6% in 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. Point72 Asia Singapore Pte. Ltd. increased its holdings in Foot Locker by 32.5% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,267 shares of the athletic footwear retailer's stock worth $84,000 after acquiring an additional 801 shares during the last quarter. Smartleaf Asset Management LLC raised 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 valued at $63,000 after acquiring an additional 1,911 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in Foot Locker during the third quarter valued at about $58,000. Finally, R Squared Ltd bought a new position in Foot Locker during the fourth quarter worth about $50,000.

Wall Street Analyst Weigh In

FL has been the topic of a number of recent research reports. 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. JPMorgan Chase & Co. dropped their price objective on Foot Locker from $23.00 to $20.00 and set an "underweight" rating on the stock in a report on Friday, January 24th. Evercore ISI decreased their price target on Foot Locker from $30.00 to $22.00 and set an "outperform" rating on the stock in a research report on Monday, March 3rd. Morgan Stanley cut their price objective on shares of Foot Locker from $17.00 to $16.00 and set an "underweight" rating for the company in a research report on Friday, December 6th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $24.00 target price on shares of Foot Locker in a research note on Wednesday, March 5th. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $22.81.

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Foot Locker Trading Up 3.5 %

Shares of NYSE:FL traded up $0.50 on Wednesday, hitting $14.66. The company had a trading volume of 2,127,245 shares, compared to its average volume of 3,310,192. The firm's 50-day simple moving average is $17.90 and its two-hundred day simple moving average is $21.48. The firm has a market capitalization of $1.39 billion, a price-to-earnings ratio of -3.25, a P/E/G ratio of 0.53 and a beta of 1.55. The company has a quick ratio of 0.45, a current ratio of 1.67 and a debt-to-equity ratio of 0.15. Foot Locker, Inc. has a 1 year low of $13.90 and a 1 year high of $33.94.

Foot Locker (NYSE:FL - Get Free Report) last posted its quarterly earnings data on Wednesday, March 5th. The athletic footwear retailer reported $0.86 earnings per share for the quarter, beating 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 was down 5.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.38 EPS. Equities analysts anticipate that Foot Locker, Inc. will post 1.23 earnings per share for the current fiscal year.

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.