Thrivent Financial for Lutherans Sells 927 Shares of Foot Locker, Inc. (NYSE:FL)

Thrivent Financial for Lutherans lowered its position in Foot Locker, Inc. (NYSE:FL) by 1.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 63,945 shares of the athletic footwear retailer’s stock after selling 927 shares during the period. Thrivent Financial for Lutherans owned 0.07% of Foot Locker worth $1,391,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Moody National Bank Trust Division acquired a new stake in shares of Foot Locker in the 4th quarter worth about $610,000. Geode Capital Management LLC raised its stake in shares of Foot Locker by 1.3% in the third quarter. Geode Capital Management LLC now owns 1,908,253 shares of the athletic footwear retailer’s stock worth $49,319,000 after purchasing an additional 25,394 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Foot Locker by 88.6% in the fourth 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 purchasing an additional 2,500,396 shares in the last quarter. Smartleaf Asset Management LLC boosted its position in shares of Foot Locker by 198.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,876 shares of the athletic footwear retailer’s stock valued at $63,000 after buying an additional 1,911 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Foot Locker by 3.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,113,583 shares of the athletic footwear retailer’s stock worth $28,775,000 after buying an additional 38,318 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $24.00 price objective on shares of Foot Locker in a report on Wednesday, March 5th. Piper Sandler cut their price target on shares of Foot Locker from $23.00 to $19.00 and set a “neutral” rating on the stock in a report on Thursday, March 6th. Barclays set a $24.00 price objective on shares of Foot Locker in a research report on Wednesday, March 5th. The Goldman Sachs Group dropped their target price on shares of Foot Locker from $25.00 to $22.00 and set a “sell” rating on the stock in a research report on Thursday, December 5th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and issued a $24.00 target price on shares of Foot Locker in a report on Wednesday, March 5th. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $22.81.

Foot Locker Stock Performance

Shares of FL stock opened at $14.52 on Monday. The firm’s 50 day moving average is $18.15 and its 200 day moving average is $21.65. The stock has a market capitalization of $1.38 billion, a P/E ratio of -3.22, a PEG ratio of 0.53 and a beta of 1.55. Foot Locker, Inc. has a 12 month low of $14.34 and a 12 month 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.

Foot Locker (NYSE:FL) last posted its earnings results on Wednesday, March 5th. The athletic footwear retailer reported $0.86 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $2.25 billion for the quarter, compared to the consensus estimate of $2.32 billion. During the same quarter in the prior year, the business posted $0.38 earnings per share. The business’s quarterly revenue was down 5.7% on a year-over-year basis. On average, sell-side analysts anticipate 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.