Ameriprise Financial Inc. Has $11.79 Million Position in Foot Locker, Inc. (NYSE:FL)

Ameriprise Financial Inc. raised its position in Foot Locker, Inc. (NYSE:FL - Free Report) by 66.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 541,659 shares of the athletic footwear retailer's stock after purchasing an additional 216,352 shares during the quarter. Ameriprise Financial Inc. owned 0.57% of Foot Locker worth $11,786,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Renaissance Technologies LLC bought a new stake in Foot Locker during the fourth quarter valued at $5,473,000. Allspring Global Investments Holdings LLC boosted its position in Foot Locker by 88.6% during the 4th 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 period. Smartleaf Asset Management LLC increased its holdings in shares of 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. Sei Investments Co. raised its stake in shares of Foot Locker by 140.8% during the fourth 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 in the last quarter. Finally, Empowered Funds LLC boosted its holdings in shares of Foot Locker by 8.0% in the fourth quarter. Empowered Funds LLC now owns 416,498 shares of the athletic footwear retailer's stock valued at $9,063,000 after acquiring an additional 30,977 shares in the last quarter.

Foot Locker Stock Down 0.7%

Shares of FL stock traded down $0.16 on Friday, hitting $23.71. The company's stock had a trading volume of 5,505,329 shares, compared to its average volume of 4,020,630. 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 capitalization of $2.26 billion, a price-to-earnings ratio of -5.26, a P/E/G ratio of 0.53 and a beta of 1.42. Foot Locker, Inc. has a fifty-two week low of $11.00 and a fifty-two week high of $33.94. The firm's fifty day moving average price is $14.53 and its 200-day moving average price is $18.61.

Foot Locker (NYSE:FL - Get Free Report) last released its quarterly earnings results on Wednesday, March 5th. The athletic footwear retailer reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.13. The company had revenue of $2.25 billion during the quarter, compared to the consensus estimate of $2.32 billion. Foot Locker had a positive return on equity of 2.91% and a negative net margin of 5.24%. The firm's revenue was down 5.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.38 EPS. Research analysts anticipate that Foot Locker, Inc. will post 1.23 EPS for the current year.

Wall Street Analysts Forecast Growth

FL has been the subject of several research analyst reports. Citigroup upped their price objective on Foot Locker from $20.00 to $24.00 and gave the company a "neutral" rating in a report on Friday, May 16th. Telsey Advisory Group restated a "market perform" rating and set a $20.00 price objective on shares of Foot Locker in a report on Thursday, May 15th. Barclays reissued an "equal weight" rating and issued a $24.00 target price (up from $14.00) on shares of Foot Locker in a research report on Friday, May 16th. Robert W. Baird raised their price objective on Foot Locker from $14.00 to $24.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. Finally, JPMorgan Chase & Co. upgraded Foot Locker from an "underweight" rating to a "neutral" rating and upped their target price for the company from $16.00 to $24.00 in a report on Thursday, May 15th. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Foot Locker has a consensus rating of "Hold" and a consensus price target of $21.19.

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.