Public Employees Retirement System of Ohio Grows Stake in Foot Locker, Inc. (NYSE:FL)

Public Employees Retirement System of Ohio grew its stake in Foot Locker, Inc. (NYSE:FL - Free Report) by 173.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 112,028 shares of the athletic footwear retailer's stock after acquiring an additional 71,083 shares during the quarter. Public Employees Retirement System of Ohio owned 0.12% of Foot Locker worth $2,438,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Ameriprise Financial Inc. boosted its holdings in Foot Locker by 66.5% in 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 in the last quarter. Renaissance Technologies LLC bought a new position in shares of Foot Locker during the fourth quarter valued at $5,473,000. Allspring Global Investments Holdings LLC lifted its holdings in shares of 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 valued at $115,365,000 after purchasing an additional 2,500,396 shares in the last quarter. Smartleaf Asset Management LLC lifted 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 in the last quarter. Finally, Sei Investments Co. lifted its holdings 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.

Foot Locker Stock Performance

FL traded up $0.06 during midday trading on Wednesday, reaching $23.80. The company had a trading volume of 3,762,081 shares, compared to its average volume of 3,952,191. The company has a quick ratio of 0.45, a current ratio of 1.67 and a debt-to-equity ratio of 0.15. The business has a 50-day moving average of $15.82 and a two-hundred day moving average of $18.62. The company has a market cap of $2.27 billion, a P/E ratio of -5.28, a P/E/G ratio of 0.53 and a beta of 1.73. Foot Locker, Inc. has a 1 year low of $11.00 and a 1 year high of $33.94.

Foot Locker (NYSE:FL - Get Free Report) last issued its quarterly earnings results on Thursday, May 29th. The athletic footwear retailer reported ($0.07) EPS for the quarter, hitting analysts' consensus estimates of ($0.07). The business had revenue of $1.79 billion during the quarter, compared to analysts' expectations of $1.86 billion. Foot Locker had a positive return on equity of 2.91% and a negative net margin of 5.24%. The business's quarterly revenue was down 4.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.22 earnings per share. As a group, equities research analysts predict that Foot Locker, Inc. will post 1.23 earnings per share for the current fiscal year.

Analysts Set New Price Targets

FL has been the topic of a number of research analyst reports. Wall Street Zen downgraded Foot Locker from a "hold" rating to a "sell" rating in a report on Friday, April 11th. UBS Group lowered their price target on Foot Locker from $22.00 to $21.00 and set a "neutral" rating on the stock in a report on Thursday, March 6th. Needham & Company LLC set a $24.00 price target on Foot Locker in a report on Thursday, May 29th. Jefferies Financial Group lowered 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. Finally, Telsey Advisory Group reaffirmed a "market perform" rating and set a $24.00 price target on shares of Foot Locker in a report on Friday, May 30th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $21.44.

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.