Baird Financial Group Inc. Invests $312,000 in Foot Locker, Inc. (NYSE:FL)

Baird Financial Group Inc. purchased a new stake in shares of Foot Locker, Inc. (NYSE:FL - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 14,335 shares of the athletic footwear retailer's stock, valued at approximately $312,000.

A number of other hedge funds have also modified their holdings of FL. Ameriprise Financial Inc. boosted its position in shares of Foot Locker by 66.5% during the fourth quarter. Ameriprise Financial Inc. now owns 541,659 shares of the athletic footwear retailer's stock worth $11,786,000 after acquiring an additional 216,352 shares during the last quarter. Renaissance Technologies LLC purchased a new position in Foot Locker in the fourth quarter worth about $5,473,000. Allspring Global Investments Holdings LLC increased its stake in Foot Locker by 88.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 5,323,597 shares of the athletic footwear retailer's stock worth $115,365,000 after acquiring an additional 2,500,396 shares during the last quarter. Smartleaf Asset Management LLC raised its position in Foot Locker by 198.0% during the fourth 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 during the period. Finally, Sei Investments Co. lifted its stake in shares of Foot Locker by 140.8% in the 4th quarter. Sei Investments Co. now owns 412,988 shares of the athletic footwear retailer's stock valued at $8,987,000 after purchasing an additional 241,504 shares during the last quarter.

Foot Locker Price Performance

NYSE FL traded down $0.22 during trading hours on Wednesday, hitting $23.91. 3,283,737 shares of the company's stock traded hands, compared to its average volume of 5,157,060. 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 firm's 50-day moving average is $14.07 and its 200-day moving average is $18.63. Foot Locker, Inc. has a 52-week low of $11.00 and a 52-week high of $33.94. The company has a market capitalization of $2.28 billion, a PE ratio of -5.30, a PEG ratio of 0.53 and a beta of 1.42.

Foot Locker (NYSE:FL - Get Free Report) last posted its quarterly earnings results on Wednesday, March 5th. The athletic footwear retailer reported $0.86 EPS for the quarter, beating 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 firm had revenue of $2.25 billion during the quarter, compared to analysts' expectations of $2.32 billion. During the same quarter last year, the firm earned $0.38 earnings per share. The business's revenue for the quarter was down 5.7% on a year-over-year basis. Equities analysts forecast that Foot Locker, Inc. will post 1.23 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on FL. Jefferies Financial Group decreased their price target on Foot Locker from $22.00 to $19.00 and set a "hold" rating on the stock in a report on Wednesday, March 5th. Morgan Stanley lowered their target price on shares of Foot Locker from $16.00 to $14.00 and set an "underweight" rating for the company in a report on Tuesday, May 6th. Telsey Advisory Group reiterated a "market perform" rating and set a $20.00 price target on shares of Foot Locker in a report on Thursday, May 15th. Gordon Haskett lowered shares of Foot Locker from a "moderate buy" rating to a "hold" rating in a research report on Thursday, May 15th. Finally, UBS Group dropped their target price on Foot Locker from $22.00 to $21.00 and set a "neutral" rating for the company in a research report on Thursday, March 6th. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $21.19.

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.