Louisiana State Employees Retirement System Buys New Position in Foot Locker, Inc. (NYSE:FL)

Louisiana State Employees Retirement System acquired a new position in shares of Foot Locker, Inc. (NYSE:FL - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 41,000 shares of the athletic footwear retailer's stock, valued at approximately $1,277,000.

A number of other hedge funds have also recently bought and sold shares of the company. Friedenthal Financial purchased a new position in Foot Locker during the 4th quarter worth $753,000. Vaughan Nelson Investment Management L.P. purchased a new position in shares of Foot Locker in the 4th quarter worth about $20,717,000. International Assets Investment Management LLC purchased a new position in shares of Foot Locker in the 4th quarter worth about $100,000. Strategic Advisors LLC purchased a new position in shares of Foot Locker in the 4th quarter worth about $234,000. Finally, Raymond James Financial Services Advisors Inc. purchased a new position in shares of Foot Locker in the 4th quarter worth about $211,000.

Analyst Ratings Changes

A number of equities analysts recently weighed in on FL shares. Piper Sandler cut their price target on shares of Foot Locker from $37.00 to $31.00 and set an "overweight" rating on the stock in a report on Thursday, March 7th. Citigroup upgraded Foot Locker from a "sell" rating to a "neutral" rating and boosted their price objective for the company from $19.00 to $24.00 in a research note on Friday, March 22nd. Guggenheim lowered their price objective on Foot Locker from $35.00 to $30.00 and set a "buy" rating on the stock in a research note on Thursday, March 7th. Evercore ISI upgraded Foot Locker from an "in-line" rating to an "outperform" rating and boosted their price objective for the company from $28.00 to $32.00 in a research note on Monday, March 25th. Finally, Jefferies Financial Group lowered their price objective on Foot Locker from $25.00 to $24.00 and set a "hold" rating on the stock in a research note on Wednesday, March 6th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $24.94.

Foot Locker Price Performance

Shares of FL stock traded up $0.69 during trading on Tuesday, hitting $22.25. The company had a trading volume of 3,055,692 shares, compared to its average volume of 3,703,358. The company has a quick ratio of 0.55, a current ratio of 1.72 and a debt-to-equity ratio of 0.15. The stock's 50-day moving average is $26.78 and its two-hundred day moving average is $26.39. The stock has a market capitalization of $2.10 billion, a price-to-earnings ratio of -6.36, a price-to-earnings-growth ratio of 0.52 and a beta of 1.43. Foot Locker, Inc. has a 52 week low of $14.84 and a 52 week high of $42.79.

Foot Locker (NYSE:FL - Get Free Report) last posted its quarterly earnings data on Wednesday, March 6th. The athletic footwear retailer reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.04. The company 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%. Foot Locker's revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.97 earnings per share. As a group, analysts predict 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 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.