Foot Locker (NYSE:FL) Shares Down 3.9%

Shares of Foot Locker, Inc. (NYSE:FL - Get Free Report) dropped 3.9% on Monday . The stock traded as low as $23.12 and last traded at $23.17. Approximately 936,869 shares traded hands during trading, a decline of 74% from the average daily volume of 3,540,188 shares. The stock had previously closed at $24.11.

Analyst Ratings Changes

FL has been the topic of several recent research reports. Barclays lowered their price objective on Foot Locker from $26.00 to $22.00 and set an "equal weight" rating on the stock in a research report on Thursday, March 7th. Guggenheim cut their price objective on shares of Foot Locker from $35.00 to $30.00 and set a "buy" rating for the company in a report on Thursday, March 7th. Evercore ISI raised shares of Foot Locker from an "in-line" rating to an "outperform" rating and increased their target price for the stock from $28.00 to $32.00 in a research note on Monday, March 25th. UBS Group upgraded Foot Locker from a "sell" rating to a "neutral" rating and lifted their price target for the company from $12.00 to $23.00 in a research note on Monday, March 11th. Finally, Telsey Advisory Group reiterated a "market perform" rating and set a $28.00 price target (down previously from $38.00) on shares of Foot Locker in a research report on Thursday, March 7th. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $24.56.

Foot Locker Price Performance

The firm has a market capitalization of $2.15 billion, a PE ratio of -6.50, a price-to-earnings-growth ratio of 0.58 and a beta of 1.50. The stock's 50 day simple moving average is $24.02 and its two-hundred day simple moving average is $26.51. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.55 and a current ratio of 1.72.

Foot Locker (NYSE:FL - Get Free Report) last announced its quarterly earnings data on Wednesday, March 6th. The athletic footwear retailer reported $0.38 EPS for the quarter, topping analysts' consensus estimates of $0.34 by $0.04. Foot Locker had a positive return on equity of 4.25% and a negative net margin of 4.04%. The firm had revenue of $2.38 billion for the quarter, compared to the consensus estimate of $2.28 billion. During the same quarter last year, the business posted $0.97 earnings per share. The firm's revenue was up 2.0% compared to the same quarter last year. On average, sell-side analysts forecast that Foot Locker, Inc. will post 1.55 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC grew its holdings in shares of Foot Locker by 445.8% in the third quarter. Tower Research Capital LLC TRC now owns 27,477 shares of the athletic footwear retailer's stock valued at $477,000 after purchasing an additional 22,443 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of Foot Locker by 110.4% in the third quarter. AQR Capital Management LLC now owns 731,256 shares of the athletic footwear retailer's stock worth $12,687,000 after acquiring an additional 383,724 shares in the last quarter. Vaughan Nelson Investment Management L.P. purchased a new stake in shares of Foot Locker during the fourth quarter worth $20,717,000. Vanguard Group Inc. raised its stake in shares of Foot Locker by 9.6% in the third quarter. Vanguard Group Inc. now owns 10,292,817 shares of the athletic footwear retailer's stock valued at $178,580,000 after acquiring an additional 902,610 shares in the last quarter. Finally, Citigroup Inc. boosted its holdings in Foot Locker by 18.6% in the third quarter. Citigroup Inc. now owns 194,542 shares of the athletic footwear retailer's stock valued at $3,375,000 after purchasing an additional 30,497 shares during the period.

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.

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