PNC Financial Services Group Inc. Sells 1,924 Shares of Foot Locker, Inc. (NYSE:FL)

PNC Financial Services Group Inc. cut its holdings in Foot Locker, Inc. (NYSE:FL) by 16.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,594 shares of the athletic footwear retailer’s stock after selling 1,924 shares during the period. PNC Financial Services Group Inc.’s holdings in Foot Locker were worth $209,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of FL. R Squared Ltd purchased a new position in Foot Locker in the fourth quarter valued at about $50,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Foot Locker in the 3rd quarter worth approximately $58,000. Smartleaf Asset Management LLC raised its holdings in shares of Foot Locker by 198.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,876 shares of the athletic footwear retailer’s stock worth $63,000 after purchasing an additional 1,911 shares during the period. Point72 Asia Singapore Pte. Ltd. lifted its stake in Foot Locker by 32.5% in the third 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 during the last quarter. Finally, Fiduciary Alliance LLC bought a new position in Foot Locker during the fourth quarter valued at $203,000.

Foot Locker Trading Up 0.5 %

Foot Locker stock opened at $16.13 on Monday. 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, Inc. has a fifty-two week low of $14.98 and a fifty-two week high of $33.94. The stock has a market cap of $1.53 billion, a P/E ratio of -3.58, a PEG ratio of 0.53 and a beta of 1.55. The firm’s fifty day moving average price is $18.70 and its 200-day moving average price is $22.01.

Foot Locker (NYSE:FL) last posted its 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. Foot Locker had a positive return on equity of 2.91% and a negative net margin of 5.24%. The business had revenue of $2.25 billion during the quarter, compared to analysts’ expectations of $2.32 billion. During the same period in the previous year, the business earned $0.38 earnings per share. The firm’s revenue was down 5.7% on a year-over-year basis. Equities research analysts forecast that Foot Locker, Inc. will post 1.23 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have issued reports on FL. Telsey Advisory Group restated a “market perform” rating and issued a $24.00 target price on shares of Foot Locker in a research note on Wednesday, March 5th. JPMorgan Chase & Co. lowered their price objective on Foot Locker from $23.00 to $20.00 and set an “underweight” rating on the stock in a research note on Friday, January 24th. Morgan Stanley cut their target price on shares of Foot Locker from $17.00 to $16.00 and set an “underweight” rating for the company in a research report on Friday, December 6th. Needham & Company LLC reissued a “buy” rating and issued a $24.00 price target on shares of Foot Locker in a research report on Wednesday, March 5th. Finally, UBS Group dropped their price target on shares of Foot Locker from $22.00 to $21.00 and set a “neutral” rating on the stock in a research note on Thursday, March 6th. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $22.81.

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.