UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Foot Locker, Inc. (NYSE:FL - Free Report) by 17.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 263,466 shares of the athletic footwear retailer's stock after acquiring an additional 39,232 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.28% of Foot Locker worth $5,733,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently made changes to their positions in FL. Jennison Associates LLC raised its stake in shares of Foot Locker by 25.7% in the 4th quarter. Jennison Associates LLC now owns 640,351 shares of the athletic footwear retailer's stock worth $13,934,000 after buying an additional 130,927 shares in the last quarter. Empowered Funds LLC grew its position in Foot Locker by 8.0% in the fourth quarter. Empowered Funds LLC now owns 416,498 shares of the athletic footwear retailer's stock worth $9,063,000 after acquiring an additional 30,977 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of Foot Locker by 88.6% in the 4th 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 acquiring an additional 2,500,396 shares in the last quarter. Vontobel Holding Ltd. grew its position in shares of Foot Locker by 171.3% in the fourth quarter. Vontobel Holding Ltd. now owns 30,229 shares of the athletic footwear retailer's stock valued at $658,000 after purchasing an additional 19,085 shares during the last quarter. Finally, Principal Financial Group Inc. raised its stake in Foot Locker by 3.0% during the 4th quarter. Principal Financial Group Inc. now owns 400,233 shares of the athletic footwear retailer's stock valued at $8,709,000 after purchasing an additional 11,716 shares during the last quarter.
Analyst Upgrades and Downgrades
Several research analysts recently issued reports on FL shares. Piper Sandler dropped their price target on shares of Foot Locker from $19.00 to $12.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. Robert W. Baird set a $24.00 target price on shares of Foot Locker in a research report on Thursday, May 29th. Wall Street Zen lowered shares of Foot Locker from a "hold" rating to a "sell" rating in a report on Friday, April 11th. Telsey Advisory Group reiterated a "market perform" rating and set a $24.00 target price on shares of Foot Locker in a report on Friday, May 30th. Finally, The Goldman Sachs Group lowered their price target on shares of Foot Locker from $19.00 to $17.00 and set a "sell" rating on the stock in a research note on Tuesday, April 22nd. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $21.44.
Read Our Latest Stock Report on Foot Locker
Foot Locker Stock Performance
NYSE FL traded up $0.15 during trading on Thursday, reaching $23.95. The company's stock had a trading volume of 4,400,336 shares, compared to its average volume of 3,954,993. The firm has a market capitalization of $2.28 billion, a price-to-earnings ratio of -5.31, a price-to-earnings-growth ratio of 0.53 and a beta of 1.73. Foot Locker, Inc. has a 12 month low of $11.00 and a 12 month high of $33.94. The company has a current ratio of 1.67, a quick ratio of 0.45 and a debt-to-equity ratio of 0.15. The firm has a 50 day moving average price of $15.82 and a 200 day moving average price of $18.62.
Foot Locker (NYSE:FL - Get Free Report) last issued its earnings results on Thursday, May 29th. The athletic footwear retailer reported ($0.07) EPS for the quarter, meeting the consensus estimate of ($0.07). Foot Locker had a negative net margin of 5.24% and a positive return on equity of 2.91%. The company had revenue of $1.79 billion during the quarter, compared to analysts' expectations of $1.86 billion. During the same period in the previous year, the company earned $0.22 EPS. The business's revenue for the quarter was down 4.6% compared to the same quarter last year. As a group, equities analysts anticipate that Foot Locker, Inc. will post 1.23 EPS for the current fiscal year.
About Foot Locker
(
Free Report)
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.
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