Smartleaf Asset Management LLC Acquires 1,911 Shares of Foot Locker, Inc. (NYSE:FL)

Smartleaf Asset Management LLC raised its holdings in shares of Foot Locker, Inc. (NYSE:FL) by 198.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,876 shares of the athletic footwear retailer’s stock after acquiring an additional 1,911 shares during the quarter. Smartleaf Asset Management LLC’s holdings in Foot Locker were worth $63,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in FL. R Squared Ltd purchased a new stake in Foot Locker during the 4th quarter worth about $50,000. Wilmington Savings Fund Society FSB bought a new position in shares of Foot Locker in the third quarter valued at approximately $58,000. Point72 Asia Singapore Pte. Ltd. boosted its holdings in Foot Locker by 32.5% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,267 shares of the athletic footwear retailer’s stock valued at $84,000 after purchasing an additional 801 shares during the period. Fiduciary Alliance LLC bought a new stake in Foot Locker during the fourth quarter valued at $203,000. Finally, Proficio Capital Partners LLC purchased a new stake in shares of Foot Locker in the 4th quarter valued at about $241,000.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Evercore ISI cut their price objective on Foot Locker from $30.00 to $22.00 and set an “outperform” rating for the company in a report on Monday, March 3rd. Jefferies Financial Group cut their price target on shares of Foot Locker from $22.00 to $19.00 and set a “hold” rating for the company in a research note on Wednesday, March 5th. Robert W. Baird lowered their price objective on shares of Foot Locker from $24.00 to $20.00 and set a “neutral” rating on the stock in a research report on Thursday. Morgan Stanley cut their target price on shares of Foot Locker from $17.00 to $16.00 and set an “underweight” rating for the company in a research report on Friday, December 6th. Finally, The Goldman Sachs Group lowered their price target on Foot Locker from $25.00 to $22.00 and set a “sell” rating on the stock in a research report on Thursday, December 5th. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Foot Locker currently has a consensus rating of “Hold” and an average target price of $23.13.

Foot Locker Stock Performance

NYSE:FL opened at $18.70 on Monday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.45 and a current ratio of 1.67. Foot Locker, Inc. has a fifty-two week low of $16.92 and a fifty-two week high of $33.94. The business has a 50 day moving average price of $19.72 and a 200-day moving average price of $23.07. The firm has a market cap of $1.77 billion, a PE ratio of -4.15, a price-to-earnings-growth ratio of 0.53 and a beta of 1.55.

Foot Locker (NYSE:FL) last announced its quarterly earnings results on Wednesday, March 5th. The athletic footwear retailer reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.13. Foot Locker had a negative net margin of 5.24% and a positive return on equity of 2.91%. The business had revenue of $2.25 billion during the quarter, compared to analysts’ expectations of $2.32 billion. During the same quarter in the prior year, the company posted $0.38 EPS. The firm’s revenue for the quarter was down 5.7% compared to the same quarter last year. Equities research analysts predict that Foot Locker, Inc. will post 1.23 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.