Foot Locker, Inc. (NYSE:FL) Shares Bought by Vontobel Holding Ltd.

Vontobel Holding Ltd. boosted its holdings in Foot Locker, Inc. (NYSE:FL) by 171.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 30,229 shares of the athletic footwear retailer’s stock after buying an additional 19,085 shares during the quarter. Vontobel Holding Ltd.’s holdings in Foot Locker were worth $658,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. SG Americas Securities LLC increased its position in Foot Locker by 66.9% in the 3rd quarter. SG Americas Securities LLC now owns 7,603 shares of the athletic footwear retailer’s stock valued at $196,000 after acquiring an additional 3,048 shares during the period. Creative Planning lifted its position in shares of Foot Locker by 42.1% during the 3rd quarter. Creative Planning now owns 13,823 shares of the athletic footwear retailer’s stock valued at $357,000 after acquiring an additional 4,093 shares during the period. nVerses Capital LLC acquired a new stake in Foot Locker in the third quarter valued at $47,000. Blue Trust Inc. grew its position in shares of Foot Locker by 537.0% in the third 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, Semanteon Capital Management LP acquired a new stake in shares of Foot Locker during the 3rd quarter worth about $488,000.

Foot Locker Stock Performance

Shares of FL opened at $19.13 on Thursday. Foot Locker, Inc. has a 12 month low of $18.04 and a 12 month high of $35.60. The company’s fifty day moving average is $20.74 and its 200-day moving average is $24.20. The firm has a market cap of $1.81 billion, a price-to-earnings ratio of -4.24, a price-to-earnings-growth ratio of 0.57 and a beta of 1.48. 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 (NYSE:FL) last posted its quarterly 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). The company had revenue of $1.96 billion during the quarter, compared to analyst estimates of $2.01 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 1.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.30 earnings per share. Equities analysts expect that Foot Locker, Inc. will post 1.23 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on FL. Piper Sandler decreased their target price on Foot Locker from $30.00 to $28.00 and set a “neutral” rating for the company in a research report on Monday, December 2nd. Needham & Company LLC lowered their price objective on Foot Locker from $25.00 to $24.00 and set a “buy” rating for the company in a research note on Friday, January 24th. UBS Group cut their target price on Foot Locker from $26.00 to $22.00 and set a “neutral” rating on the stock in a research note on Thursday, December 5th. Telsey Advisory Group cut their target price on Foot Locker from $30.00 to $24.00 and set a “market perform” rating for the company in a research report on Thursday, December 5th. Finally, Williams Trading upgraded shares of Foot Locker from a “sell” rating to a “hold” rating and lifted their price target for the stock from $17.00 to $21.00 in a research report on Wednesday, November 27th. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $24.94.

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.