Sei Investments Co. Has $8.99 Million Stake in Foot Locker, Inc. (NYSE:FL)

Sei Investments Co. boosted its stake in shares of Foot Locker, Inc. (NYSE:FL) by 140.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 412,988 shares of the athletic footwear retailer’s stock after acquiring an additional 241,504 shares during the quarter. Sei Investments Co. owned 0.44% of Foot Locker worth $8,987,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. American Century Companies Inc. boosted its stake in Foot Locker by 5.2% in the fourth quarter. American Century Companies Inc. now owns 1,659,206 shares of the athletic footwear retailer’s stock worth $36,104,000 after purchasing an additional 81,814 shares in the last quarter. Quantbot Technologies LP bought a new stake in Foot Locker during the 4th quarter worth about $1,991,000. Blueshift Asset Management LLC acquired a new stake in Foot Locker in the 4th quarter valued at about $381,000. Intech Investment Management LLC lifted its position in shares of Foot Locker by 150.7% during the fourth quarter. Intech Investment Management LLC now owns 80,411 shares of the athletic footwear retailer’s stock worth $1,750,000 after purchasing an additional 48,337 shares in the last quarter. Finally, Harbour Investments Inc. grew its stake in shares of Foot Locker by 81.6% during the fourth quarter. Harbour Investments Inc. now owns 1,442 shares of the athletic footwear retailer’s stock valued at $31,000 after purchasing an additional 648 shares during the last quarter.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Telsey Advisory Group restated a “market perform” rating and issued a $24.00 price objective on shares of Foot Locker in a research report on Wednesday, March 5th. Morgan Stanley dropped their target price on Foot Locker from $17.00 to $16.00 and set an “underweight” rating for the company in a research report on Friday, December 6th. Robert W. Baird decreased their price target on Foot Locker from $24.00 to $20.00 and set a “neutral” rating on the stock in a report on Thursday, March 6th. Barclays set a $24.00 price objective on Foot Locker in a report on Wednesday, March 5th. Finally, UBS Group reduced their target price on shares of Foot Locker from $22.00 to $21.00 and set a “neutral” rating on the stock in a research note on Thursday, March 6th. Four research 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. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $22.81.

Foot Locker Stock Performance

FL stock opened at $14.52 on Monday. Foot Locker, Inc. has a 1-year low of $14.34 and a 1-year high of $33.94. 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 market cap of $1.38 billion, a PE ratio of -3.22, a P/E/G ratio of 0.53 and a beta of 1.55. The business’s 50-day moving average price is $18.15 and its two-hundred day moving average price is $21.65.

Foot Locker (NYSE:FL) last released its quarterly earnings data 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 positive return on equity of 2.91% and a negative net margin of 5.24%. The business had revenue of $2.25 billion for the quarter, compared to analysts’ expectations of $2.32 billion. Foot Locker’s revenue for the quarter was down 5.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.38 EPS. As a group, research analysts forecast 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.