Allspring Global Investments Holdings LLC Sells 258,712 Shares of Foot Locker, Inc. (NYSE:FL)

Allspring Global Investments Holdings LLC cut its holdings in Foot Locker, Inc. (NYSE:FL - Free Report) by 10.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,338,393 shares of the athletic footwear retailer's stock after selling 258,712 shares during the period. Allspring Global Investments Holdings LLC owned about 2.48% of Foot Locker worth $72,841,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of FL. Tower Research Capital LLC TRC boosted its holdings in shares of 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 valued at $477,000 after buying an additional 22,443 shares in the last quarter. AQR Capital Management LLC boosted its stake in 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 valued at $12,687,000 after acquiring an additional 383,724 shares in the last quarter. Vaughan Nelson Investment Management L.P. acquired a new position in Foot Locker in the fourth quarter valued at $20,717,000. Vanguard Group Inc. grew its holdings in shares of Foot Locker by 9.6% during the third 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 during the last quarter. Finally, State of Alaska Department of Revenue increased its position in shares of Foot Locker by 416.6% during the third quarter. State of Alaska Department of Revenue now owns 50,848 shares of the athletic footwear retailer's stock worth $882,000 after purchasing an additional 41,005 shares in the last quarter.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on FL. Telsey Advisory Group reissued a "market perform" rating and issued a $28.00 target price (down from $38.00) on shares of Foot Locker in a research report on Thursday, March 7th. Guggenheim cut their target price on shares of Foot Locker from $35.00 to $30.00 and set a "buy" rating on the stock in a report on Thursday, March 7th. Bank of America decreased their price target on shares of Foot Locker from $31.00 to $27.00 and set a "neutral" rating for the company in a research note on Thursday, March 7th. Jefferies Financial Group reduced their target price on shares of Foot Locker from $25.00 to $24.00 and set a "hold" rating for the company in a report on Wednesday, March 6th. Finally, UBS Group raised Foot Locker from a "sell" rating to a "neutral" rating and raised their price target for the stock from $12.00 to $23.00 in a report on Monday, March 11th. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Foot Locker currently has a consensus rating of "Hold" and a consensus target price of $24.94.

Foot Locker Price Performance

NYSE:FL traded down $0.63 during trading hours on Wednesday, hitting $22.71. The company's stock had a trading volume of 3,414,046 shares, compared to its average volume of 3,790,922. Foot Locker, Inc. has a 52-week low of $14.84 and a 52-week high of $42.79. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.55 and a current ratio of 1.72. The business's 50-day moving average is $28.12 and its two-hundred day moving average is $26.07. The company has a market capitalization of $2.15 billion, a PE ratio of -6.49, a PEG ratio of 0.57 and a beta of 1.43.

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. Foot Locker had a negative net margin of 4.04% and a positive return on equity of 4.25%. The business had revenue of $2.38 billion for the quarter, compared to analysts' expectations of $2.28 billion. During the same period in the prior year, the company posted $0.97 EPS. The business's revenue for the quarter was up 2.0% on a year-over-year basis. As a group, research analysts anticipate that Foot Locker, Inc. will post 1.56 EPS for the current fiscal year.

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.