Keybank National Association OH Invests $213,000 in Foot Locker, Inc. (NYSE:FL)

Keybank National Association OH acquired a new stake in Foot Locker, Inc. (NYSE:FL) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 9,770 shares of the athletic footwear retailer’s stock, valued at approximately $213,000.

Other large investors also recently bought and sold shares of the company. State of New Jersey Common Pension Fund D acquired a new stake in shares of Foot Locker during the third quarter worth approximately $1,563,000. Chartwell Investment Partners LLC increased its holdings in shares of Foot Locker by 2.4% during the third 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 shares of Foot Locker during the third quarter valued at $793,000. Empowered Funds LLC increased its holdings in shares of Foot Locker by 5.4% during the third 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 increased its holdings in shares of Foot Locker by 8.9% during the third 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 Down 5.6 %

FL opened at $16.22 on Wednesday. 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 business has a 50 day moving average price of $19.51 and a 200 day moving average price of $22.84. The firm has a market cap of $1.54 billion, a P/E ratio of -3.60, a price-to-earnings-growth ratio of 0.53 and a beta of 1.55. Foot Locker, Inc. has a twelve month low of $15.89 and a twelve month high of $33.94.

Foot Locker (NYSE:FL) last issued its quarterly earnings results on Wednesday, March 5th. The athletic footwear retailer reported $0.86 EPS for the quarter, topping the consensus estimate of $0.73 by $0.13. The company had revenue of $2.25 billion for 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 period in the previous year, the business posted $0.38 EPS. Research analysts forecast that Foot Locker, Inc. will post 1.23 EPS for the current year.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Piper Sandler lowered their target price on Foot Locker from $23.00 to $19.00 and set a “neutral” rating on the stock in a report on Thursday, March 6th. UBS Group dropped their price target on Foot Locker from $22.00 to $21.00 and set a “neutral” rating on the stock in a research note on Thursday, March 6th. Jefferies Financial Group dropped their price target on Foot Locker from $22.00 to $19.00 and set a “hold” rating on the stock in a research note on Wednesday, March 5th. Robert W. Baird decreased their price objective 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, Needham & Company LLC restated a “buy” rating and set a $24.00 price objective on shares of Foot Locker in a research report on Wednesday, March 5th. Four analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $22.81.

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.