UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Lowers Stake in Foot Locker, Inc. (NYSE:FL)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its position in shares of Foot Locker, Inc. (NYSE:FL) by 2.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 224,234 shares of the athletic footwear retailer’s stock after selling 5,496 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.24% of Foot Locker worth $5,794,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in FL. Allspring Global Investments Holdings LLC lifted its holdings in Foot Locker by 23.8% during the second quarter. Allspring Global Investments Holdings LLC now owns 2,900,439 shares of the athletic footwear retailer’s stock valued at $72,279,000 after purchasing an additional 557,489 shares in the last quarter. Point72 Asset Management L.P. purchased a new position in Foot Locker during the second quarter valued at approximately $10,005,000. Algert Global LLC lifted its holdings in Foot Locker by 194.3% during the second quarter. Algert Global LLC now owns 111,049 shares of the athletic footwear retailer’s stock valued at $2,767,000 after purchasing an additional 73,319 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Foot Locker by 1.5% during the second quarter. Dimensional Fund Advisors LP now owns 4,700,102 shares of the athletic footwear retailer’s stock valued at $117,123,000 after purchasing an additional 71,152 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D purchased a new position in Foot Locker during the third quarter valued at approximately $1,563,000.

Wall Street Analysts Forecast Growth

FL has been the topic of several recent analyst reports. Barclays reduced their price objective on shares of Foot Locker from $34.00 to $29.00 and set an “overweight” rating on the stock in a research report on Friday, December 6th. JPMorgan Chase & Co. reduced their price objective on shares of Foot Locker from $27.00 to $23.00 and set an “underweight” rating on the stock in a research report on Wednesday, December 4th. Morgan Stanley reduced their price objective on shares of Foot Locker from $17.00 to $16.00 and set an “underweight” rating on the stock in a research report on Friday, December 6th. Needham & Company LLC reiterated a “buy” rating and set a $27.00 price objective on shares of Foot Locker in a research report on Wednesday, December 4th. Finally, UBS Group reduced their price objective on shares of Foot Locker from $26.00 to $22.00 and set a “neutral” rating on the stock in a research report on Thursday, December 5th. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $25.29.

Foot Locker Stock Down 0.8 %

Shares of FL opened at $21.65 on Wednesday. The firm has a market capitalization of $2.05 billion, a P/E ratio of -4.80, a P/E/G ratio of 0.87 and a beta of 1.46. Foot Locker, Inc. has a 12-month low of $19.33 and a 12-month high of $35.60. The company has a current ratio of 1.67, a quick ratio of 0.45 and a debt-to-equity ratio of 0.15. The firm has a fifty day moving average price of $23.73 and a 200-day moving average price of $25.84.

Foot Locker (NYSE:FL) last issued its earnings results on Wednesday, December 4th. The athletic footwear retailer reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.07). The company had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $2.01 billion. Foot Locker had a negative net margin of 5.24% and a positive return on equity of 2.91%. The firm’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.30 earnings per share. Equities research analysts expect that Foot Locker, Inc. will post 1.23 earnings per share for the current year.

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.