FIL Ltd Takes Position in Foot Locker, Inc. (NYSE:FL)

FIL Ltd acquired a new position in shares of Foot Locker, Inc. (NYSE:FL - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 217,894 shares of the athletic footwear retailer's stock, valued at approximately $4,741,000. FIL Ltd owned approximately 0.23% of Foot Locker at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. XTX Topco Ltd raised its position in Foot Locker by 23.7% in the 3rd quarter. XTX Topco Ltd now owns 14,624 shares of the athletic footwear retailer's stock worth $378,000 after purchasing an additional 2,801 shares during the period. MML Investors Services LLC bought a new position in Foot Locker in the third quarter worth approximately $283,000. Geode Capital Management LLC increased its holdings in Foot Locker by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 1,908,253 shares of the athletic footwear retailer's stock worth $49,319,000 after purchasing an additional 25,394 shares during the period. Virtu Financial LLC purchased a new stake in shares of Foot Locker in the 3rd quarter worth $701,000. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of Foot Locker during the 3rd quarter worth $58,000.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Evercore ISI lowered their price objective on shares of Foot Locker from $22.00 to $15.00 and set an "outperform" rating for the company in a research note on Friday, April 11th. Robert W. Baird dropped their price objective on shares of Foot Locker from $24.00 to $20.00 and set a "neutral" rating on the stock in a research note on Thursday, March 6th. Needham & Company LLC reissued a "buy" rating and set a $24.00 price objective on shares of Foot Locker in a report on Wednesday, March 5th. JPMorgan Chase & Co. lowered their target price on Foot Locker from $19.00 to $16.00 and set an "underweight" rating for the company in a report on Monday. Finally, StockNews.com downgraded Foot Locker from a "hold" rating to a "sell" rating in a report on Friday, April 11th. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Foot Locker currently has a consensus rating of "Hold" and a consensus target price of $21.69.

Foot Locker Stock Performance

FL stock traded up $0.77 during trading on Friday, reaching $11.89. The company had a trading volume of 4,570,953 shares, compared to its average volume of 3,442,034. 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 twelve month low of $11.00 and a twelve month high of $33.94. The company has a market cap of $1.13 billion, a price-to-earnings ratio of -2.64, a price-to-earnings-growth ratio of 0.53 and a beta of 1.41. The firm has a 50-day simple moving average of $15.83 and a 200-day simple moving average of $20.17.

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 for the quarter, beating analysts' consensus estimates of $0.73 by $0.13. The firm had revenue of $2.25 billion for the quarter, compared to analyst estimates 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 earnings per share. As a group, sell-side analysts expect that Foot Locker, Inc. will post 1.23 earnings per share for the current year.

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.