MML Investors Services LLC Buys Shares of 10,958 Foot Locker, Inc. (NYSE:FL)

MML Investors Services LLC purchased a new position in shares of Foot Locker, Inc. (NYSE:FL) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 10,958 shares of the athletic footwear retailer’s stock, valued at approximately $283,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Intech Investment Management LLC purchased a new position in Foot Locker during the 3rd quarter worth approximately $829,000. Renaissance Technologies LLC purchased a new position in shares of Foot Locker during the second quarter worth $1,024,000. Versor Investments LP acquired a new position in Foot Locker during the third quarter valued at $793,000. Edgestream Partners L.P. boosted its holdings in Foot Locker by 477.2% in the third quarter. Edgestream Partners L.P. now owns 117,602 shares of the athletic footwear retailer’s stock valued at $3,039,000 after purchasing an additional 97,226 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Foot Locker by 3.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,113,583 shares of the athletic footwear retailer’s stock worth $28,775,000 after purchasing an additional 38,318 shares during the period.

Wall Street Analysts Forecast Growth

FL has been the subject of a number of analyst reports. The Goldman Sachs Group decreased their price target on Foot Locker from $25.00 to $22.00 and set a “sell” rating for the company in a report on Thursday, December 5th. Gordon Haskett started coverage on shares of Foot Locker in a report on Monday, October 7th. They set an “accumulate” rating and a $27.00 price target on the stock. JPMorgan Chase & Co. cut their price objective on shares of Foot Locker from $27.00 to $23.00 and set an “underweight” rating for the company in a report on Wednesday, December 4th. Needham & Company LLC reissued a “buy” rating and set a $25.00 target price on shares of Foot Locker in a research note on Wednesday, December 18th. Finally, Williams Trading upgraded Foot Locker from a “sell” rating to a “hold” rating and lifted their price target for the company from $17.00 to $21.00 in a research note on Wednesday, November 27th. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $25.18.

Foot Locker Price Performance

Shares of NYSE FL opened at $21.79 on Thursday. The stock’s 50-day simple moving average is $23.35 and its 200-day simple moving average is $25.57. The firm has a market capitalization of $2.07 billion, a PE ratio of -4.83, a price-to-earnings-growth ratio of 0.86 and a beta of 1.46. Foot Locker, Inc. has a fifty-two week low of $19.33 and a fifty-two week high of $35.60. 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 released its quarterly earnings data on Wednesday, December 4th. The athletic footwear retailer reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.07). The company had revenue of $1.96 billion for the quarter, compared to analyst estimates of $2.01 billion. Foot Locker had a positive return on equity of 2.91% and a negative net margin of 5.24%. The firm’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.30 EPS. As a group, equities research analysts forecast that Foot Locker, Inc. will post 1.23 EPS for the current fiscal 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.