Vanguard Group Inc. Increases Position in Foot Locker, Inc. (NYSE:FL)

Vanguard Group Inc. raised its position in shares of Foot Locker, Inc. (NYSE:FL - Free Report) by 2.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 10,505,006 shares of the athletic footwear retailer's stock after purchasing an additional 210,832 shares during the quarter. Vanguard Group Inc. owned 11.07% of Foot Locker worth $228,589,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Harbour Investments Inc. increased its holdings 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 last quarter. R Squared Ltd purchased a new position in Foot Locker during the fourth quarter valued at $50,000. Wilmington Savings Fund Society FSB bought a new position in shares of Foot Locker in the third quarter worth about $58,000. Smartleaf Asset Management LLC lifted its position in shares of Foot Locker by 198.0% during 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. Finally, Point72 Asia Singapore Pte. Ltd. grew its stake in shares of 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 valued at $84,000 after acquiring an additional 801 shares during the period.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on FL shares. Telsey Advisory Group restated a "market perform" rating and set a $24.00 target price on shares of Foot Locker in a research note on Wednesday, March 5th. JPMorgan Chase & Co. dropped their price target on Foot Locker from $23.00 to $20.00 and set an "underweight" rating for the company in a research note on Friday, January 24th. Piper Sandler reduced their price objective on shares of Foot Locker from $23.00 to $19.00 and set a "neutral" rating on the stock in a research report on Thursday, March 6th. 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 research report on Thursday, March 6th. Finally, Robert W. Baird cut 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. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat, Foot Locker has an average rating of "Hold" and an average target price of $22.81.

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Foot Locker Trading Down 9.6 %

NYSE FL traded down $1.32 during trading hours on Thursday, hitting $12.33. 5,379,342 shares of the company were exchanged, compared to its average volume of 3,417,206. Foot Locker, Inc. has a 52 week low of $11.16 and a 52 week high of $33.94. 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 stock has a 50-day moving average price of $16.57 and a 200 day moving average price of $20.63. The stock has a market cap of $1.17 billion, a PE ratio of -2.73, a price-to-earnings-growth ratio of 0.53 and a beta of 1.41.

Foot Locker (NYSE:FL - Get Free Report) last released its earnings results 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 firm had revenue of $2.25 billion for 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 company's revenue for the quarter was down 5.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.38 EPS. Analysts forecast that Foot Locker, Inc. will post 1.23 earnings per share for the current fiscal year.

Foot Locker 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.