Vanguard Group Inc. Reduces Holdings in Foot Locker, Inc. (NYSE:FL)

Vanguard Group Inc. decreased its holdings in shares of Foot Locker, Inc. (NYSE:FL) by 1.0% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 10,187,297 shares of the athletic footwear retailer’s stock after selling 105,520 shares during the period. Vanguard Group Inc. owned approximately 10.82% of Foot Locker worth $317,334,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of FL. Quadrant Capital Group LLC grew its holdings in Foot Locker by 3,004.4% during the fourth quarter. Quadrant Capital Group LLC now owns 1,397 shares of the athletic footwear retailer’s stock worth $44,000 after acquiring an additional 1,352 shares during the period. CWM LLC grew its position in shares of Foot Locker by 26.7% during the 4th quarter. CWM LLC now owns 1,836 shares of the athletic footwear retailer’s stock valued at $57,000 after acquiring an additional 387 shares during the period. International Assets Investment Management LLC purchased a new position in shares of Foot Locker in the 4th quarter valued at about $100,000. Signaturefd LLC boosted its position in Foot Locker by 10.0% during the fourth quarter. Signaturefd LLC now owns 5,799 shares of the athletic footwear retailer’s stock worth $181,000 after purchasing an additional 527 shares in the last quarter. Finally, TFO Wealth Partners LLC boosted its position in Foot Locker by 158,600.0% during the fourth quarter. TFO Wealth Partners LLC now owns 6,348 shares of the athletic footwear retailer’s stock worth $198,000 after purchasing an additional 6,344 shares in the last quarter.

Foot Locker Stock Performance

Foot Locker stock opened at $24.92 on Friday. The firm has a 50 day simple moving average of $23.91 and a 200-day simple moving average of $26.72. The stock has a market cap of $2.36 billion, a price-to-earnings ratio of -6.58, a price-to-earnings-growth ratio of 0.60 and a beta of 1.47. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.68 and a quick ratio of 0.50. Foot Locker, Inc. has a 1-year low of $14.84 and a 1-year high of $35.60.

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

Analysts Set New Price Targets

Several research analysts have recently weighed in on FL shares. Morgan Stanley upped their target price on Foot Locker from $20.00 to $24.00 and gave the stock an “equal weight” rating in a research note on Friday, May 31st. Evercore ISI upgraded shares of Foot Locker from an “in-line” rating to an “outperform” rating and upped their price target for the stock from $28.00 to $32.00 in a research report on Monday, March 25th. Citigroup raised shares of Foot Locker from a “sell” rating to a “neutral” rating and raised their price target for the company from $19.00 to $24.00 in a research note on Friday, March 22nd. Telsey Advisory Group reiterated a “market perform” rating and set a $26.00 price objective on shares of Foot Locker in a research note on Thursday, May 30th. Finally, Piper Sandler decreased their target price on Foot Locker from $37.00 to $31.00 and set an “overweight” rating on the stock in a research report on Thursday, March 7th. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $24.81.

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.