Bank of New York Mellon Corp Acquires 333,247 Shares of Foot Locker, Inc. (NYSE:FL)

Bank of New York Mellon Corp raised its holdings in Foot Locker, Inc. (NYSE:FL) by 30.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,429,870 shares of the athletic footwear retailer’s stock after buying an additional 333,247 shares during the quarter. Bank of New York Mellon Corp owned 1.51% of Foot Locker worth $31,114,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in FL. State of New Jersey Common Pension Fund D acquired a new position in Foot Locker during the 3rd quarter worth about $1,563,000. Chartwell Investment Partners LLC lifted its position in Foot Locker by 2.4% during the 3rd quarter. Chartwell Investment Partners LLC now owns 33,685 shares of the athletic footwear retailer’s stock valued at $870,000 after purchasing an additional 782 shares during the period. Versor Investments LP acquired a new position in Foot Locker during the 3rd quarter valued at about $793,000. Empowered Funds LLC lifted its position in Foot Locker by 5.4% during the 3rd quarter. Empowered Funds LLC now owns 385,521 shares of the athletic footwear retailer’s stock valued at $9,962,000 after purchasing an additional 19,612 shares during the period. Finally, Natixis Advisors LLC lifted its position in Foot Locker by 8.9% during the 3rd quarter. Natixis Advisors LLC now owns 12,867 shares of the athletic footwear retailer’s stock valued at $332,000 after purchasing an additional 1,054 shares during the period.

Foot Locker Stock Up 4.8 %

FL stock opened at $18.70 on Friday. Foot Locker, Inc. has a fifty-two week low of $16.92 and a fifty-two week high of $33.94. The stock has a fifty day moving average of $19.72 and a 200-day moving average of $23.13. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.45 and a current ratio of 1.67. The company has a market capitalization of $1.77 billion, a price-to-earnings ratio of -4.15, a PEG ratio of 0.53 and a beta of 1.55.

Foot Locker (NYSE:FL) last issued its quarterly earnings results on Wednesday, March 5th. The athletic footwear retailer reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.13. The firm had revenue of $2.25 billion during the quarter, compared to the consensus estimate of $2.32 billion. Foot Locker had a positive return on equity of 2.91% and a negative net margin of 5.24%. The company’s revenue for the quarter was down 5.7% on a year-over-year basis. During the same quarter last year, the company posted $0.38 EPS. As a group, equities research analysts predict that Foot Locker, Inc. will post 1.23 earnings per share for the current year.

Analyst Upgrades and Downgrades

FL has been the topic of a number of analyst reports. Morgan Stanley cut their price target on shares of Foot Locker from $17.00 to $16.00 and set an “underweight” rating on the stock in a research report on Friday, December 6th. Williams Trading upgraded shares of Foot Locker from a “sell” rating to a “hold” rating and raised their target price for the stock from $17.00 to $21.00 in a report on Wednesday, November 27th. JPMorgan Chase & Co. lowered their price objective on shares of Foot Locker from $23.00 to $20.00 and set an “underweight” rating on the stock in a report on Friday, January 24th. Jefferies Financial Group lowered their price objective on shares of Foot Locker from $22.00 to $19.00 and set a “hold” rating on the stock in a report on Wednesday. Finally, Guggenheim lowered their target price on shares of Foot Locker from $34.00 to $28.00 and set a “buy” rating on the stock in a report on Thursday, December 5th. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $23.13.

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.