Vanguard Group Inc. Has $178.58 Million Stake in Foot Locker, Inc. (NYSE:FL)

Vanguard Group Inc. grew its holdings in Foot Locker, Inc. (NYSE:FL - Free Report) by 9.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,292,817 shares of the athletic footwear retailer's stock after acquiring an additional 902,610 shares during the period. Vanguard Group Inc. owned about 10.93% of Foot Locker worth $178,580,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in FL. Raymond James Financial Services Advisors Inc. acquired a new stake in Foot Locker in the first quarter valued at approximately $611,000. HighTower Advisors LLC lifted its holdings in Foot Locker by 4.9% in the 1st quarter. HighTower Advisors LLC now owns 14,934 shares of the athletic footwear retailer's stock worth $443,000 after buying an additional 704 shares in the last quarter. AlphaCrest Capital Management LLC boosted its position in Foot Locker by 19.4% in the 1st quarter. AlphaCrest Capital Management LLC now owns 13,103 shares of the athletic footwear retailer's stock valued at $389,000 after buying an additional 2,125 shares during the last quarter. MetLife Investment Management LLC grew its stake in shares of Foot Locker by 29.0% during the first quarter. MetLife Investment Management LLC now owns 56,469 shares of the athletic footwear retailer's stock valued at $1,675,000 after acquiring an additional 12,703 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of Foot Locker by 6.9% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 32,002 shares of the athletic footwear retailer's stock worth $949,000 after acquiring an additional 2,059 shares during the last quarter.

Foot Locker Stock Performance

Shares of NYSE:FL traded down $0.98 during trading on Monday, hitting $27.52. 3,171,261 shares of the stock were exchanged, compared to its average volume of 3,816,115. The company has a market capitalization of $2.59 billion, a price-to-earnings ratio of -7.86, a price-to-earnings-growth ratio of 0.68 and a beta of 1.43. 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, Inc. has a 1-year low of $14.84 and a 1-year high of $42.79. The company's fifty day simple moving average is $28.76 and its 200-day simple moving average is $25.82.

Foot Locker (NYSE:FL - Get Free Report) last posted its quarterly earnings results on Wednesday, March 6th. The athletic footwear retailer reported $0.38 earnings per share for the quarter, topping analysts' consensus estimates of $0.34 by $0.04. The firm had revenue of $2.38 billion for the quarter, compared to the consensus estimate of $2.28 billion. Foot Locker had a negative net margin of 4.04% and a positive return on equity of 4.25%. The business's revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.97 earnings per share. Sell-side analysts expect that Foot Locker, Inc. will post 1.56 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on FL shares. Barclays lowered their price objective on Foot Locker from $26.00 to $22.00 and set an "equal weight" rating for the company in a research note on Thursday, March 7th. Piper Sandler reduced their price objective on Foot Locker from $37.00 to $31.00 and set an "overweight" rating on the stock in a research note on Thursday, March 7th. UBS Group raised Foot Locker from a "sell" rating to a "neutral" rating and upped their target price for the company from $12.00 to $23.00 in a report on Monday, March 11th. Morgan Stanley dropped their price objective on shares of Foot Locker from $28.00 to $26.00 and set an "equal weight" rating on the stock in a report on Thursday, March 7th. Finally, Telsey Advisory Group reaffirmed a "market perform" rating and set a $28.00 target price (down previously from $38.00) on shares of Foot Locker in a research note on Thursday, March 7th. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $24.94.

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 youth culture 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.