Vaughan Nelson Investment Management L.P. Acquires Shares of 665,025 Foot Locker, Inc. (NYSE:FL)

Vaughan Nelson Investment Management L.P. purchased a new stake in shares of Foot Locker, Inc. (NYSE:FL - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 665,025 shares of the athletic footwear retailer's stock, valued at approximately $20,717,000. Vaughan Nelson Investment Management L.P. owned about 0.71% of Foot Locker as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC raised its holdings in Foot Locker by 445.8% in the 3rd quarter. Tower Research Capital LLC TRC now owns 27,477 shares of the athletic footwear retailer's stock worth $477,000 after purchasing an additional 22,443 shares in the last quarter. AQR Capital Management LLC raised its holdings in Foot Locker by 110.4% in the 3rd quarter. AQR Capital Management LLC now owns 731,256 shares of the athletic footwear retailer's stock worth $12,687,000 after purchasing an additional 383,724 shares in the last quarter. Vanguard Group Inc. raised its holdings in Foot Locker by 9.6% in the 3rd quarter. Vanguard Group Inc. now owns 10,292,817 shares of the athletic footwear retailer's stock worth $178,580,000 after purchasing an additional 902,610 shares in the last quarter. State of Alaska Department of Revenue increased its stake in shares of Foot Locker by 416.6% in the 3rd quarter. State of Alaska Department of Revenue now owns 50,848 shares of the athletic footwear retailer's stock worth $882,000 after acquiring an additional 41,005 shares in the last quarter. Finally, Citigroup Inc. increased its stake in shares of Foot Locker by 18.6% in the 3rd quarter. Citigroup Inc. now owns 194,542 shares of the athletic footwear retailer's stock worth $3,375,000 after acquiring an additional 30,497 shares in the last quarter.

Foot Locker Stock Performance

NYSE FL traded down $0.25 on Friday, reaching $24.09. 2,949,795 shares of the stock were exchanged, compared to its average volume of 3,899,646. Foot Locker, Inc. has a one year low of $14.84 and a one year high of $42.79. The firm has a market capitalization of $2.28 billion, a PE ratio of -6.88, a PEG ratio of 0.57 and a beta of 1.43. The company's 50-day simple moving average is $28.46 and its two-hundred day simple moving average is $26.02. The company has a current ratio of 1.72, a quick ratio of 0.55 and a debt-to-equity ratio of 0.15.

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

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on FL shares. UBS Group upgraded shares of Foot Locker from a "sell" rating to a "neutral" rating and increased their price target for the stock from $12.00 to $23.00 in a research note on Monday, March 11th. Citigroup upgraded shares of Foot Locker from a "sell" rating to a "neutral" rating and increased their price target for the stock from $19.00 to $24.00 in a research note on Friday, March 22nd. Evercore ISI upgraded shares of Foot Locker from an "in-line" rating to an "outperform" rating and increased their price target for the stock from $28.00 to $32.00 in a research note on Monday, March 25th. Barclays cut their price objective on shares of 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. Finally, Piper Sandler cut their price objective on shares of Foot Locker from $37.00 to $31.00 and set an "overweight" rating on the stock in a research report on Thursday, March 7th. Four equities research 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.com, the company currently has a consensus rating of "Hold" and an average price target of $24.94.

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 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.