Cramer Rosenthal Mcglynn LLC Invests $34.84 Million in Foot Locker, Inc. (NYSE:FL)

Cramer Rosenthal Mcglynn LLC acquired a new stake in Foot Locker, Inc. (NYSE:FL - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,600,863 shares of the athletic footwear retailer's stock, valued at approximately $34,835,000. Foot Locker accounts for approximately 2.0% of Cramer Rosenthal Mcglynn LLC's portfolio, making the stock its 12th biggest holding. Cramer Rosenthal Mcglynn LLC owned about 1.69% of Foot Locker at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Moody National Bank Trust Division acquired a new position in Foot Locker in the 4th quarter valued at $610,000. Geode Capital Management LLC increased its stake in shares of Foot Locker by 1.3% during the third quarter. Geode Capital Management LLC now owns 1,908,253 shares of the athletic footwear retailer's stock worth $49,319,000 after acquiring an additional 25,394 shares during the period. Allspring Global Investments Holdings LLC lifted its position in Foot Locker by 88.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 5,323,597 shares of the athletic footwear retailer's stock valued at $115,365,000 after purchasing an additional 2,500,396 shares during the period. Renaissance Technologies LLC acquired a new stake in Foot Locker in the fourth quarter valued at about $5,473,000. Finally, Smartleaf Asset Management LLC boosted its holdings in 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 valued at $63,000 after purchasing an additional 1,911 shares in the last quarter.

Analyst Ratings Changes

Several analysts have recently commented on the company. JPMorgan Chase & Co. reduced their price target on Foot Locker from $19.00 to $16.00 and set an "underweight" rating for the company in a report on Monday, April 14th. Jefferies Financial Group decreased their target price on shares of Foot Locker from $22.00 to $19.00 and set a "hold" rating on the stock in a research report on Wednesday, March 5th. The Goldman Sachs Group cut their price target on shares of Foot Locker from $19.00 to $17.00 and set a "sell" rating for the company in a report on Tuesday. StockNews.com downgraded shares of Foot Locker from a "hold" rating to a "sell" rating in a report on Friday, April 11th. Finally, Piper Sandler dropped their target price on shares of Foot Locker from $19.00 to $12.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $21.38.

Foot Locker Trading Up 1.5 %

NYSE:FL traded up $0.17 during mid-day trading on Wednesday, reaching $11.74. The company's stock had a trading volume of 1,797,275 shares, compared to its average volume of 3,454,015. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.67 and a quick ratio of 0.45. The stock has a market cap of $1.12 billion, a P/E ratio of -2.60, a P/E/G ratio of 0.53 and a beta of 1.41. The company's fifty day simple moving average is $15.36 and its two-hundred day simple moving average is $19.87. Foot Locker, Inc. has a twelve month low of $11.00 and a twelve month high of $33.94.

Foot Locker (NYSE:FL - Get Free Report) last announced its quarterly earnings data on Wednesday, March 5th. The athletic footwear retailer reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.13. The company had revenue of $2.25 billion during the quarter, compared to analysts' expectations of $2.32 billion. Foot Locker had a negative net margin of 5.24% and a positive return on equity of 2.91%. The business's quarterly revenue was down 5.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.38 EPS. On average, equities analysts predict that Foot Locker, Inc. will post 1.23 EPS for the current 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.