Vontobel Holding Ltd. lifted its position in Foot Locker, Inc. (NYSE:FL - Free Report) by 171.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 30,229 shares of the athletic footwear retailer's stock after acquiring an additional 19,085 shares during the period. Vontobel Holding Ltd.'s holdings in Foot Locker were worth $658,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. nVerses Capital LLC acquired a new stake in shares of Foot Locker in the third quarter worth $47,000. R Squared Ltd acquired a new stake in shares of Foot Locker in the fourth quarter worth $50,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Foot Locker in the third quarter worth $58,000. Blue Trust Inc. raised its stake in Foot Locker by 537.0% during the 3rd quarter. Blue Trust Inc. now owns 2,981 shares of the athletic footwear retailer's stock valued at $74,000 after purchasing an additional 2,513 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. raised its stake in 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 purchasing an additional 801 shares during the last quarter.
Wall Street Analyst Weigh In
A number of brokerages recently weighed in on FL. Guggenheim cut their price target on shares of Foot Locker from $34.00 to $28.00 and set a "buy" rating on the stock in a research report on Thursday, December 5th. Evercore ISI dropped their target price on shares of Foot Locker from $38.00 to $32.00 and set an "outperform" rating on the stock in a report on Tuesday, November 26th. UBS Group dropped their target price on shares of Foot Locker from $26.00 to $22.00 and set a "neutral" rating on the stock in a report on Thursday, December 5th. Jefferies Financial Group dropped their target price on shares of Foot Locker from $27.00 to $22.00 and set a "hold" rating on the stock in a report on Wednesday, December 4th. Finally, Morgan Stanley dropped their target price on shares of Foot Locker from $17.00 to $16.00 and set an "underweight" rating on the stock in a report on Friday, December 6th. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $24.94.
Read Our Latest Report on Foot Locker
Foot Locker Trading Down 3.7 %
NYSE:FL traded down $0.70 on Friday, reaching $18.20. 1,616,929 shares of the stock traded hands, compared to its average volume of 2,831,646. The firm has a market capitalization of $1.73 billion, a price-to-earnings ratio of -4.03, a price-to-earnings-growth ratio of 0.54 and a beta of 1.48. The company's 50 day moving average is $20.69 and its 200-day moving average is $24.16. The company has a current ratio of 1.67, a quick ratio of 0.45 and a debt-to-equity ratio of 0.15. Foot Locker, Inc. has a 1-year low of $18.04 and a 1-year high of $35.60.
Foot Locker (NYSE:FL - Get Free Report) last announced its earnings results on Wednesday, December 4th. The athletic footwear retailer reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.07). Foot Locker had a negative net margin of 5.24% and a positive return on equity of 2.91%. The business had revenue of $1.96 billion for the quarter, compared to analysts' expectations of $2.01 billion. During the same period in the prior year, the business earned $0.30 earnings per share. The company's revenue for the quarter was down 1.4% compared to the same quarter last year. Equities research analysts anticipate that Foot Locker, Inc. will post 1.23 EPS for the current fiscal year.
Foot Locker Company Profile
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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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