KLP Kapitalforvaltning AS Invests $381,000 in Foot Locker, Inc. (NYSE:FL)

KLP Kapitalforvaltning AS bought a new position in Foot Locker, Inc. (NYSE:FL) in the 4th quarter, according to its most recent disclosure with the SEC. The firm bought 17,500 shares of the athletic footwear retailer’s stock, valued at approximately $381,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Allspring Global Investments Holdings LLC boosted its holdings in shares of Foot Locker by 88.6% during 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 buying an additional 2,500,396 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Foot Locker by 30.4% during the fourth quarter. Bank of New York Mellon Corp now owns 1,429,870 shares of the athletic footwear retailer’s stock worth $31,114,000 after acquiring an additional 333,247 shares in the last quarter. Stifel Financial Corp lifted its holdings in shares of Foot Locker by 43.3% during the third quarter. Stifel Financial Corp now owns 897,904 shares of the athletic footwear retailer’s stock valued at $23,202,000 after purchasing an additional 271,297 shares during the last quarter. Sei Investments Co. boosted its position in shares of Foot Locker by 140.8% in the 4th quarter. Sei Investments Co. now owns 412,988 shares of the athletic footwear retailer’s stock worth $8,987,000 after purchasing an additional 241,504 shares in the last quarter. Finally, Peregrine Capital Management LLC purchased a new stake in shares of Foot Locker in the 4th quarter worth approximately $5,123,000.

Wall Street Analysts Forecast Growth

FL has been the subject of several recent analyst reports. Jefferies Financial Group lowered their price target on Foot Locker from $22.00 to $19.00 and set a “hold” rating for the company in a research report on Wednesday, March 5th. Piper Sandler reduced their target price on Foot Locker from $23.00 to $19.00 and set a “neutral” rating for the company in a report on Thursday, March 6th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $24.00 price objective on shares of Foot Locker in a research report on Wednesday, March 5th. Robert W. Baird decreased their target price on Foot Locker from $24.00 to $20.00 and set a “neutral” rating for the company in a research report on Thursday, March 6th. Finally, StockNews.com raised shares of Foot Locker from a “sell” rating to a “hold” rating in a report on Thursday. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $22.81.

Foot Locker Stock Up 1.6 %

NYSE FL opened at $12.65 on Friday. Foot Locker, Inc. has a 52 week low of $11.31 and a 52 week high of $33.94. The company has a quick ratio of 0.45, a current ratio of 1.67 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $1.20 billion, a P/E ratio of -2.80, a price-to-earnings-growth ratio of 0.53 and a beta of 1.41. The stock’s 50-day moving average price is $17.44 and its 200-day moving average price is $21.28.

Foot Locker (NYSE:FL) last released its earnings results on Wednesday, March 5th. The athletic footwear retailer reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.13. The company had revenue of $2.25 billion for the quarter, compared to analysts’ expectations of $2.32 billion. Foot Locker had a negative net margin of 5.24% and a positive return on equity of 2.91%. The firm’s revenue was down 5.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.38 EPS. On average, 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.