HighTower Advisors LLC Has $744,000 Stock Holdings in Foot Locker, Inc. (NYSE:FL)

HighTower Advisors LLC decreased its holdings in shares of Foot Locker, Inc. (NYSE:FL) by 57.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 34,173 shares of the athletic footwear retailer’s stock after selling 45,993 shares during the quarter. HighTower Advisors LLC’s holdings in Foot Locker were worth $744,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in FL. Natixis Advisors LLC increased its position in Foot Locker by 8.9% in the 3rd quarter. Natixis Advisors LLC now owns 12,867 shares of the athletic footwear retailer’s stock valued at $332,000 after acquiring an additional 1,054 shares during the period. Intech Investment Management LLC acquired a new stake in Foot Locker during the 3rd quarter valued at approximately $829,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Foot Locker by 3.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,113,583 shares of the athletic footwear retailer’s stock valued at $28,775,000 after purchasing an additional 38,318 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Foot Locker during the third quarter worth $282,000. Finally, Edgestream Partners L.P. raised its stake in Foot Locker by 477.2% during the third quarter. Edgestream Partners L.P. now owns 117,602 shares of the athletic footwear retailer’s stock worth $3,039,000 after buying an additional 97,226 shares during the last quarter.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on FL shares. UBS Group cut their target price on Foot Locker from $22.00 to $21.00 and set a “neutral” rating on the stock in a research report on Thursday, March 6th. The Goldman Sachs Group cut their price target on Foot Locker from $25.00 to $22.00 and set a “sell” rating for the company in a research note on Thursday, December 5th. Needham & Company LLC reaffirmed a “buy” rating and set a $24.00 target price on shares of Foot Locker in a research report on Wednesday, March 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 research note on Friday, December 6th. Finally, Jefferies Financial Group lowered their target price on shares of Foot Locker from $22.00 to $19.00 and set a “hold” rating for the company in a report on Wednesday, March 5th. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $22.81.

Foot Locker Stock Performance

Shares of FL opened at $14.52 on Friday. The stock’s 50-day simple moving average is $18.15 and its 200 day simple moving average is $21.69. Foot Locker, Inc. has a 52-week low of $14.34 and a 52-week high of $33.94. The stock has a market capitalization of $1.38 billion, a price-to-earnings ratio of -3.22, a price-to-earnings-growth ratio of 0.53 and a beta of 1.55. 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 (NYSE:FL) last posted its quarterly earnings data on Wednesday, March 5th. The athletic footwear retailer reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.13. Foot Locker had a positive return on equity of 2.91% and a negative net margin of 5.24%. The company had revenue of $2.25 billion during the quarter, compared to analyst estimates of $2.32 billion. During the same quarter last year, the company earned $0.38 earnings per share. The firm’s quarterly revenue was down 5.7% on a year-over-year basis. Research analysts forecast that Foot Locker, Inc. will post 1.23 EPS for the current fiscal year.

About Foot Locker

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.