Bank of Montreal Can Sells 52,656 Shares of Foot Locker, Inc. (NYSE:FL)

Bank of Montreal Can lowered its position in Foot Locker, Inc. (NYSE:FL - Free Report) by 79.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 13,649 shares of the athletic footwear retailer's stock after selling 52,656 shares during the quarter. Bank of Montreal Can's holdings in Foot Locker were worth $297,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in FL. Harbour Investments Inc. lifted its stake in shares of Foot Locker by 81.6% during the 4th quarter. Harbour Investments Inc. now owns 1,442 shares of the athletic footwear retailer's stock valued at $31,000 after buying an additional 648 shares in the last quarter. Aster Capital Management DIFC Ltd purchased a new stake in Foot Locker in the 4th quarter worth approximately $32,000. R Squared Ltd purchased a new stake in Foot Locker in the 4th quarter worth approximately $50,000. Wilmington Savings Fund Society FSB purchased a new stake in Foot Locker in the 3rd quarter worth approximately $58,000. Finally, Smartleaf Asset Management LLC lifted its stake 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 worth $63,000 after purchasing an additional 1,911 shares in the last quarter.

Foot Locker Trading Down 3.2 %

Foot Locker stock traded down $0.41 during trading hours on Tuesday, reaching $12.53. The stock had a trading volume of 528,806 shares, compared to its average volume of 3,466,189. The stock has a market cap of $1.19 billion, a PE ratio of -2.78, a PEG ratio of 0.53 and a beta of 1.41. Foot Locker, Inc. has a 52 week low of $11.00 and a 52 week high of $33.94. 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 company has a fifty day simple moving average of $14.74 and a 200-day simple moving average of $19.54.

Foot Locker (NYSE:FL - Get Free Report) 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 negative net margin of 5.24% and a positive return on equity of 2.91%. The firm had revenue of $2.25 billion during the quarter, compared to analysts' expectations of $2.32 billion. During the same period last year, the company posted $0.38 EPS. The company's quarterly revenue was down 5.7% compared to the same quarter last year. Analysts forecast that Foot Locker, Inc. will post 1.23 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. UBS Group lowered their target price 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. Barclays set a $24.00 target price on shares of Foot Locker in a research note on Wednesday, March 5th. StockNews.com cut shares of Foot Locker from a "hold" rating to a "sell" rating in a research report on Friday, April 11th. 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. Finally, 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 research report on Wednesday, March 5th. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $21.38.

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.