Vanguard Group Inc. Grows Position in Foot Locker, Inc. (NYSE:FL)

Vanguard Group Inc. grew its stake in Foot Locker, Inc. (NYSE:FL) by 2.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,505,006 shares of the athletic footwear retailer’s stock after buying an additional 210,832 shares during the quarter. Vanguard Group Inc. owned approximately 0.11% of Foot Locker worth $228,589,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Harbour Investments Inc. raised its position in shares of Foot Locker by 81.6% during the 4th quarter. Harbour Investments Inc. now owns 1,442 shares of the athletic footwear retailer’s stock valued at $31,000 after purchasing an additional 648 shares during the period. Point72 Asia Singapore Pte. Ltd. increased its stake in Foot Locker by 32.5% in the 3rd 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. Smartleaf Asset Management LLC raised its holdings in Foot Locker by 198.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,876 shares of the athletic footwear retailer’s stock valued at $63,000 after acquiring an additional 1,911 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in shares of Foot Locker in the third quarter valued at about $58,000. Finally, R Squared Ltd bought a new position in shares of Foot Locker in the fourth quarter worth about $50,000.

Wall Street Analyst Weigh In

Several analysts recently issued reports on FL shares. Jefferies Financial Group decreased their target price on Foot Locker from $22.00 to $19.00 and set a “hold” rating on the stock in a research note on Wednesday, March 5th. Evercore ISI reduced their price objective on shares of Foot Locker from $30.00 to $22.00 and set an “outperform” rating on the stock in a research report on Monday, March 3rd. Robert W. Baird dropped their target price on shares of Foot Locker from $24.00 to $20.00 and set a “neutral” rating for the company in a research report on Thursday, March 6th. Needham & Company LLC reiterated a “buy” rating and issued a $24.00 price target on shares of Foot Locker in a report on Wednesday, March 5th. Finally, Barclays set a $24.00 price target on shares of Foot Locker in a research note on Wednesday, March 5th. Three 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. According to MarketBeat, Foot Locker has a consensus rating of “Hold” and a consensus target price of $22.81.

Foot Locker Price Performance

Shares of Foot Locker stock opened at $12.65 on Friday. The stock has a market cap of $1.20 billion, a price-to-earnings ratio of -2.80, a price-to-earnings-growth ratio of 0.53 and a beta of 1.41. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.45 and a current ratio of 1.67. The stock has a 50 day moving average price of $17.44 and a 200-day moving average price of $21.23. Foot Locker, Inc. has a one year low of $11.31 and a one year high of $33.94.

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

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.