Vontobel Holding Ltd. Acquires 19,085 Shares of Foot Locker, Inc. (NYSE:FL)

Vontobel Holding Ltd. grew its stake in shares of Foot Locker, Inc. (NYSE:FL) by 171.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,229 shares of the athletic footwear retailer’s stock after buying an additional 19,085 shares during the period. Vontobel Holding Ltd.’s holdings in Foot Locker were worth $658,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Allspring Global Investments Holdings LLC increased its holdings in Foot Locker by 88.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 5,323,597 shares of the athletic footwear retailer’s stock valued at $115,365,000 after acquiring an additional 2,500,396 shares during the last quarter. Stifel Financial Corp grew its position in Foot Locker by 43.3% in the 3rd quarter. Stifel Financial Corp now owns 897,904 shares of the athletic footwear retailer’s stock valued at $23,202,000 after acquiring an additional 271,297 shares during the last quarter. Point72 Asset Management L.P. lifted its holdings in Foot Locker by 37.0% during the 3rd quarter. Point72 Asset Management L.P. now owns 549,997 shares of the athletic footwear retailer’s stock valued at $14,212,000 after buying an additional 148,523 shares in the last quarter. Jennison Associates LLC grew its stake in Foot Locker by 25.7% in the fourth quarter. Jennison Associates LLC now owns 640,351 shares of the athletic footwear retailer’s stock worth $13,934,000 after purchasing an additional 130,927 shares in the last quarter. Finally, KBC Group NV raised its holdings in shares of Foot Locker by 5,148.1% in the fourth quarter. KBC Group NV now owns 121,493 shares of the athletic footwear retailer’s stock valued at $2,644,000 after acquiring an additional 119,178 shares in the last quarter.

Foot Locker Price Performance

NYSE:FL opened at $19.13 on Thursday. The company has a market capitalization of $1.81 billion, a P/E ratio of -4.24, a P/E/G ratio of 0.57 and a beta of 1.48. The company has a quick ratio of 0.45, a current ratio of 1.67 and a debt-to-equity ratio of 0.15. Foot Locker, Inc. has a 52 week low of $18.04 and a 52 week high of $35.60. The stock’s fifty day moving average is $20.74 and its two-hundred day moving average is $24.20.

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

Analyst Ratings Changes

Several research firms have recently commented on FL. JPMorgan Chase & Co. reduced their price target on Foot Locker from $23.00 to $20.00 and set an “underweight” rating for the company in a research report on Friday, January 24th. Needham & Company LLC cut their price target on shares of Foot Locker from $25.00 to $24.00 and set a “buy” rating on the stock in a report on Friday, January 24th. Guggenheim dropped their target price on Foot Locker from $34.00 to $28.00 and set a “buy” rating on the stock in a report on Thursday, December 5th. Morgan Stanley dropped their price objective on Foot Locker from $17.00 to $16.00 and set an “underweight” rating on the stock in a report on Friday, December 6th. Finally, Telsey Advisory Group cut their price objective on Foot Locker from $30.00 to $24.00 and set a “market perform” rating for the company in a research note on Thursday, December 5th. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $24.94.

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.