Foot Locker, Inc. (NYSE:FL) Shares Purchased by Principal Financial Group Inc.

Principal Financial Group Inc. raised its holdings in shares of Foot Locker, Inc. (NYSE:FL) by 3.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 400,233 shares of the athletic footwear retailer’s stock after acquiring an additional 11,716 shares during the quarter. Principal Financial Group Inc. owned approximately 0.42% of Foot Locker worth $8,709,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. R Squared Ltd purchased a new stake in shares of Foot Locker in the fourth quarter valued at $50,000. Wilmington Savings Fund Society FSB acquired a new position in Foot Locker in the 3rd quarter valued at about $58,000. Point72 Asia Singapore Pte. Ltd. lifted its holdings in Foot Locker by 32.5% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,267 shares of the athletic footwear retailer’s stock valued at $84,000 after purchasing an additional 801 shares in the last quarter. Fiduciary Alliance LLC acquired a new stake in shares of Foot Locker during the 4th quarter worth about $203,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of Foot Locker during the third quarter worth about $282,000.

Foot Locker Price Performance

FL opened at $17.27 on Friday. Foot Locker, Inc. has a 52-week low of $17.13 and a 52-week high of $34.89. The company has a 50 day moving average of $20.14 and a two-hundred day moving average of $23.63. The company has a market cap of $1.64 billion, a P/E ratio of -3.83, a P/E/G ratio of 0.53 and a beta of 1.48. The company has a quick ratio of 0.45, a current ratio of 1.67 and a debt-to-equity ratio of 0.15.

Foot Locker (NYSE:FL) last posted its earnings results on Wednesday, December 4th. The athletic footwear retailer reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.07). Foot Locker had a negative net margin of 5.24% and a positive return on equity of 2.91%. The business had revenue of $1.96 billion for the quarter, compared to analyst estimates of $2.01 billion. During the same quarter in the previous year, the firm posted $0.30 EPS. The business’s revenue was down 1.4% compared to the same quarter last year. On average, analysts expect that Foot Locker, Inc. will post 1.23 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently issued reports on FL shares. JPMorgan Chase & Co. reduced their price objective on shares of Foot Locker from $23.00 to $20.00 and set an “underweight” rating on the stock in a research note on Friday, January 24th. Evercore ISI reduced their price target on Foot Locker from $38.00 to $32.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 26th. Guggenheim lowered their price objective on Foot Locker from $34.00 to $28.00 and set a “buy” rating for the company in a research report on Thursday, December 5th. The Goldman Sachs Group reduced their target price on 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, Barclays decreased their price target on Foot Locker from $34.00 to $29.00 and set an “overweight” rating on the stock in a research note on Friday, December 6th. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $24.94.

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.