Sunbelt Securities Inc. Acquires Shares of 3,503 Foot Locker, Inc. (NYSE:FL)

Sunbelt Securities Inc. acquired a new position in shares of Foot Locker, Inc. (NYSE:FL) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 3,503 shares of the athletic footwear retailer’s stock, valued at approximately $100,000.

Several other hedge funds also recently added to or reduced their stakes in FL. Vanguard Group Inc. grew its holdings in Foot Locker by 9.6% during the 3rd quarter. Vanguard Group Inc. now owns 10,292,817 shares of the athletic footwear retailer’s stock worth $178,580,000 after acquiring an additional 902,610 shares in the last quarter. Norges Bank acquired a new position in shares of Foot Locker in the 4th quarter valued at about $21,238,000. Vaughan Nelson Investment Management L.P. acquired a new position in shares of Foot Locker in the 4th quarter valued at about $20,717,000. AQR Capital Management LLC boosted its holdings in shares of Foot Locker by 110.4% in the 3rd quarter. AQR Capital Management LLC now owns 731,256 shares of the athletic footwear retailer’s stock valued at $12,687,000 after buying an additional 383,724 shares during the period. Finally, Glenmede Trust Co. NA boosted its holdings in shares of Foot Locker by 42.8% in the 3rd quarter. Glenmede Trust Co. NA now owns 636,235 shares of the athletic footwear retailer’s stock valued at $11,039,000 after buying an additional 190,642 shares during the period.

Analyst Ratings Changes

Several research analysts have recently commented on FL shares. StockNews.com lowered shares of Foot Locker from a “hold” rating to a “sell” rating in a report on Wednesday, June 19th. Guggenheim decreased their price target on shares of Foot Locker from $35.00 to $30.00 and set a “buy” rating for the company in a report on Thursday, March 7th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $26.00 price target on shares of Foot Locker in a report on Thursday, May 30th. Citigroup raised shares of Foot Locker from a “sell” rating to a “neutral” rating and upped their price target for the company from $19.00 to $24.00 in a report on Friday, March 22nd. Finally, Evercore ISI raised shares of Foot Locker from an “in-line” rating to an “outperform” rating and upped their price target for the company from $28.00 to $32.00 in a report on Monday, March 25th. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $24.81.

Foot Locker Price Performance

FL stock opened at $24.92 on Friday. The firm has a market capitalization of $2.36 billion, a PE ratio of -6.58, a P/E/G ratio of 0.60 and a beta of 1.47. Foot Locker, Inc. has a one year low of $14.84 and a one year high of $35.60. The company has a current ratio of 1.68, a quick ratio of 0.50 and a debt-to-equity ratio of 0.15. The firm has a 50-day moving average of $23.91 and a two-hundred day moving average of $26.72.

Foot Locker (NYSE:FL) last issued its earnings results on Thursday, May 30th. The athletic footwear retailer reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.10. The company had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.88 billion. Foot Locker had a positive return on equity of 2.91% and a negative net margin of 4.41%. The firm’s quarterly revenue was down 2.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.70 EPS. On average, analysts forecast that Foot Locker, Inc. will post 1.55 earnings per share 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.