Vestmark Advisory Solutions Inc. Buys Shares of 15,257 Foot Locker, Inc. (NYSE:FL)

Vestmark Advisory Solutions Inc. bought a new stake in Foot Locker, Inc. (NYSE:FL - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 15,257 shares of the athletic footwear retailer's stock, valued at approximately $332,000.

Other large investors also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB bought a new stake in Foot Locker in the 3rd quarter valued at about $58,000. R Squared Ltd acquired a new stake in shares of Foot Locker in the fourth quarter valued at approximately $50,000. Smartleaf Asset Management LLC boosted its stake in shares of Foot Locker by 198.0% in the fourth 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 during the period. Point72 Asia Singapore Pte. Ltd. grew its position in Foot Locker by 32.5% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,267 shares of the athletic footwear retailer's stock worth $84,000 after buying an additional 801 shares in the last quarter. Finally, Fiduciary Alliance LLC acquired a new stake in Foot Locker during the fourth quarter worth approximately $203,000.

Wall Street Analyst Weigh In

FL has been the subject of a number of recent analyst reports. Guggenheim cut their target price on Foot Locker from $34.00 to $28.00 and set a "buy" rating for the company in a research report on Thursday, December 5th. UBS Group cut their price objective 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. 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. Telsey Advisory Group reaffirmed a "market perform" rating and set a $24.00 price target on shares of Foot Locker in a report on Wednesday, March 5th. Finally, Morgan Stanley decreased their price objective on shares of Foot Locker from $17.00 to $16.00 and set an "underweight" rating on the stock in a research note on Friday, December 6th. Four 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. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $22.81.

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Foot Locker Trading Down 0.8 %

Shares of FL stock traded down $0.13 during mid-day trading on Thursday, reaching $15.52. 4,509,677 shares of the stock traded hands, compared to its average volume of 3,291,885. The company has a market cap of $1.47 billion, a price-to-earnings ratio of -3.44, a price-to-earnings-growth 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. The stock's fifty day simple moving average is $19.39 and its two-hundred day simple moving average is $22.79. Foot Locker, Inc. has a 1-year low of $14.99 and a 1-year high of $33.94.

Foot Locker (NYSE:FL - Get Free Report) last posted its earnings results on Wednesday, March 5th. The athletic footwear retailer reported $0.86 EPS for the quarter, topping the consensus estimate of $0.73 by $0.13. Foot Locker had a negative net margin of 5.24% and a positive return on equity of 2.91%. The business had revenue of $2.25 billion for the quarter, compared to the consensus estimate of $2.32 billion. During the same period last year, the company earned $0.38 EPS. The firm's revenue was down 5.7% compared to the same quarter last year. On average, research analysts anticipate that Foot Locker, Inc. will post 1.23 EPS for the current fiscal year.

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.