Russell Investments Group Ltd. Has $4.31 Million Stock Holdings in Foot Locker, Inc. (NYSE:FL)

Russell Investments Group Ltd. boosted its holdings in Foot Locker, Inc. (NYSE:FL) by 43.2% in the fourth quarter, HoldingsChannel reports. The firm owned 197,899 shares of the athletic footwear retailer’s stock after purchasing an additional 59,678 shares during the period. Russell Investments Group Ltd.’s holdings in Foot Locker were worth $4,306,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Harbour Investments Inc. raised its holdings in Foot Locker by 81.6% during the fourth quarter. Harbour Investments Inc. now owns 1,442 shares of the athletic footwear retailer’s stock worth $31,000 after buying an additional 648 shares during the last quarter. R Squared Ltd bought a new stake in Foot Locker during the fourth quarter worth $50,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Foot Locker in the 3rd quarter worth about $58,000. Smartleaf Asset Management LLC grew its position in shares of Foot Locker by 198.0% during the 4th 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. Finally, Fiduciary Alliance LLC purchased a new stake in Foot Locker in the fourth quarter worth $203,000.

Foot Locker Stock Down 0.9 %

Shares of Foot Locker stock opened at $11.26 on Wednesday. The stock has a market capitalization of $1.07 billion, a price-to-earnings ratio of -2.50, a P/E/G ratio of 0.53 and a beta of 1.41. Foot Locker, Inc. has a 52-week low of $11.08 and a 52-week high of $33.94. 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 company’s 50 day moving average price is $16.11 and its 200-day moving average price is $20.32.

Foot Locker (NYSE:FL) last issued its quarterly earnings data on Wednesday, March 5th. The athletic footwear retailer reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.13. Foot Locker had a positive return on equity of 2.91% and a negative net margin of 5.24%. The firm had revenue of $2.25 billion for the quarter, compared to analyst estimates of $2.32 billion. During the same period last year, the company earned $0.38 EPS. The business’s quarterly revenue was down 5.7% compared to the same quarter last year. Equities research analysts forecast that Foot Locker, Inc. will post 1.23 EPS for the current year.

Wall Street Analyst Weigh In

FL has been the subject of several analyst reports. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $24.00 price objective on shares of Foot Locker in a report on Wednesday, March 5th. StockNews.com downgraded shares of Foot Locker from a “hold” rating to a “sell” rating in a report on Friday, April 11th. Barclays set a $24.00 price target on shares of Foot Locker in a report on Wednesday, March 5th. Evercore ISI dropped their price objective on Foot Locker from $22.00 to $15.00 and set an “outperform” rating for the company in a research note on Friday, April 11th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Foot Locker from $19.00 to $16.00 and set an “underweight” rating on the stock in a report on Monday. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Foot Locker currently has an average rating of “Hold” and a consensus price target of $21.69.

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.