Foot Locker, Inc. (NYSE:FL) Shares Purchased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC increased its stake in shares of Foot Locker, Inc. (NYSE:FL) by 0.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,342,950 shares of the athletic footwear retailer’s stock after purchasing an additional 4,557 shares during the quarter. Allspring Global Investments Holdings LLC owned 2.48% of Foot Locker worth $66,774,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. New York State Common Retirement Fund grew its stake in Foot Locker by 1.1% during the 4th quarter. New York State Common Retirement Fund now owns 33,635 shares of the athletic footwear retailer’s stock worth $1,048,000 after purchasing an additional 353 shares in the last quarter. SummerHaven Investment Management LLC grew its stake in Foot Locker by 1.4% during the 4th quarter. SummerHaven Investment Management LLC now owns 26,662 shares of the athletic footwear retailer’s stock worth $831,000 after purchasing an additional 358 shares in the last quarter. Yousif Capital Management LLC grew its stake in Foot Locker by 0.9% during the 4th quarter. Yousif Capital Management LLC now owns 44,686 shares of the athletic footwear retailer’s stock worth $1,392,000 after purchasing an additional 380 shares in the last quarter. CWM LLC grew its stake in Foot Locker by 26.7% during the 4th quarter. CWM LLC now owns 1,836 shares of the athletic footwear retailer’s stock worth $57,000 after purchasing an additional 387 shares in the last quarter. Finally, Signaturefd LLC grew its stake in Foot Locker by 10.0% during the 4th 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.

Analysts Set New Price Targets

FL has been the subject of several analyst reports. Guggenheim lowered their price objective on Foot Locker from $35.00 to $30.00 and set a “buy” rating for the company in a research report on Thursday, March 7th. Morgan Stanley upped their price objective on Foot Locker from $20.00 to $24.00 and gave the stock an “equal weight” rating in a research report on Friday, May 31st. Piper Sandler lowered their price objective on Foot Locker from $37.00 to $31.00 and set an “overweight” rating for the company in a research report on Thursday, March 7th. UBS Group raised Foot Locker from a “sell” rating to a “neutral” rating and upped their price objective for the stock from $12.00 to $23.00 in a research report on Monday, March 11th. Finally, Barclays upped their price objective on Foot Locker from $22.00 to $27.00 and gave the stock an “equal weight” rating in a research report on Friday, May 31st. Four analysts have rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Foot Locker currently has a consensus rating of “Hold” and an average target price of $24.81.

Foot Locker Stock Performance

Foot Locker stock opened at $23.17 on Wednesday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.68 and a quick ratio of 0.50. The stock has a fifty day moving average of $23.96 and a two-hundred day moving average of $26.59. Foot Locker, Inc. has a fifty-two week low of $14.84 and a fifty-two week high of $35.60.

Foot Locker (NYSE:FL) last released its quarterly earnings results 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. The company had revenue of $1.87 billion during 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%. Foot Locker’s revenue was down 2.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.70 earnings per share. As a group, analysts forecast that Foot Locker, Inc. will post 1.55 earnings per share for the current fiscal 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.