Harbour Investments Inc. Has $31,000 Stake in Foot Locker, Inc. (NYSE:FL)

Harbour Investments Inc. lifted its holdings in shares of Foot Locker, Inc. (NYSE:FL) by 81.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,442 shares of the athletic footwear retailer’s stock after acquiring an additional 648 shares during the quarter. Harbour Investments Inc.’s holdings in Foot Locker were worth $31,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Allspring Global Investments Holdings LLC increased its stake in shares of Foot Locker by 88.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 5,323,597 shares of the athletic footwear retailer’s stock worth $115,365,000 after purchasing an additional 2,500,396 shares during the period. Geode Capital Management LLC grew its holdings in Foot Locker by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,908,253 shares of the athletic footwear retailer’s stock valued at $49,319,000 after buying an additional 25,394 shares in the last quarter. Bank of New York Mellon Corp increased its position in Foot Locker by 30.4% during the 4th quarter. Bank of New York Mellon Corp now owns 1,429,870 shares of the athletic footwear retailer’s stock worth $31,114,000 after buying an additional 333,247 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Foot Locker by 5.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,176,449 shares of the athletic footwear retailer’s stock worth $25,600,000 after buying an additional 62,866 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its position in shares of Foot Locker by 10.3% in the third quarter. Jacobs Levy Equity Management Inc. now owns 1,135,474 shares of the athletic footwear retailer’s stock valued at $29,341,000 after acquiring an additional 106,402 shares during the period.

Foot Locker Price Performance

FL stock opened at $16.03 on Tuesday. Foot Locker, Inc. has a 1 year low of $14.98 and a 1 year high of $33.94. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.67 and a quick ratio of 0.45. The stock has a market cap of $1.52 billion, a price-to-earnings ratio of -3.55, a P/E/G ratio of 0.53 and a beta of 1.55. The company has a 50 day simple moving average of $18.59 and a 200 day simple moving average of $21.93.

Foot Locker (NYSE:FL) last announced its quarterly earnings results on Wednesday, March 5th. The athletic footwear retailer reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.13. The company had revenue of $2.25 billion during 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%. Foot Locker’s revenue was down 5.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.38 EPS. Research analysts anticipate that Foot Locker, Inc. will post 1.23 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Williams Trading upgraded shares of Foot Locker from a “sell” rating to a “hold” rating and lifted their price objective for the stock from $17.00 to $21.00 in a research note on Wednesday, November 27th. Jefferies Financial Group dropped their price target on shares of Foot Locker from $22.00 to $19.00 and set a “hold” rating for the company in a research report on Wednesday, March 5th. The Goldman Sachs Group reduced their price target on Foot Locker from $25.00 to $22.00 and set a “sell” rating on the stock in a research report 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 for the company in a report on Friday, January 24th. Finally, Guggenheim reduced their target price on Foot Locker from $34.00 to $28.00 and set a “buy” rating on the stock in a report on Thursday, December 5th. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $22.81.

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.