Thrivent Financial for Lutherans Lowers Position in Foot Locker, Inc. (NYSE:FL)

Thrivent Financial for Lutherans trimmed its holdings in shares of Foot Locker, Inc. (NYSE:FL) by 1.4% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 63,945 shares of the athletic footwear retailer’s stock after selling 927 shares during the period. Thrivent Financial for Lutherans’ holdings in Foot Locker were worth $1,391,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in FL. Charles Schwab Investment Management Inc. grew its stake in Foot Locker by 3.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,113,583 shares of the athletic footwear retailer’s stock worth $28,775,000 after buying an additional 38,318 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of Foot Locker during the 3rd quarter worth $282,000. Edgestream Partners L.P. grew its position in Foot Locker by 477.2% in the third quarter. Edgestream Partners L.P. now owns 117,602 shares of the athletic footwear retailer’s stock worth $3,039,000 after acquiring an additional 97,226 shares in the last quarter. Point72 Hong Kong Ltd increased its stake in Foot Locker by 115.7% in the third quarter. Point72 Hong Kong Ltd now owns 19,126 shares of the athletic footwear retailer’s stock valued at $494,000 after acquiring an additional 10,260 shares during the last quarter. Finally, Kestra Investment Management LLC purchased a new stake in Foot Locker during the third quarter valued at about $1,588,000.

Wall Street Analyst Weigh In

FL has been the topic of several recent research reports. UBS Group reduced their price objective on Foot Locker from $22.00 to $21.00 and set a “neutral” rating on the stock in a research report on Thursday, March 6th. The Goldman Sachs Group reduced their price target on shares of Foot Locker from $25.00 to $22.00 and set a “sell” rating on the stock in a research report on Thursday, December 5th. Robert W. Baird lowered their price objective on shares of Foot Locker from $24.00 to $20.00 and set a “neutral” rating for the company in a report on Thursday, March 6th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $24.00 target price on shares of Foot Locker in a report on Wednesday, March 5th. Finally, Guggenheim cut their price target on shares of Foot Locker from $34.00 to $28.00 and set a “buy” rating for the company in a research report on Thursday, December 5th. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $22.81.

Foot Locker Stock Down 4.9 %

Shares of Foot Locker stock opened at $14.52 on Monday. 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 12-month low of $14.34 and a 12-month high of $33.94. The company has a market cap of $1.38 billion, a P/E ratio of -3.22, a PEG ratio of 0.53 and a beta of 1.55. The company’s fifty day simple moving average is $18.15 and its two-hundred day simple moving average is $21.65.

Foot Locker (NYSE:FL) last issued its quarterly earnings data 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. The business had revenue of $2.25 billion during the quarter, compared to analyst estimates of $2.32 billion. Foot Locker had a negative net margin of 5.24% and a positive return on equity of 2.91%. Foot Locker’s quarterly revenue was down 5.7% compared to the same quarter last year. During the same period last year, the business posted $0.38 earnings per share. Research analysts anticipate that Foot Locker, Inc. will post 1.23 EPS for the current 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.