Illinois Municipal Retirement Fund Makes New $1.44 Million Investment in Foot Locker, Inc. (NYSE:FL)

Illinois Municipal Retirement Fund bought a new position in shares of Foot Locker, Inc. (NYSE:FL - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 46,210 shares of the athletic footwear retailer's stock, valued at approximately $1,439,000.

Other institutional investors and hedge funds also 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 3rd quarter. Tower Research Capital LLC TRC now owns 27,477 shares of the athletic footwear retailer's stock worth $477,000 after acquiring an additional 22,443 shares during the period. AQR Capital Management LLC grew its holdings in shares of 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 acquiring an additional 383,724 shares during the period. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of Foot Locker in the 4th quarter worth approximately $20,717,000. Vanguard Group Inc. grew its holdings in shares of 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 acquiring an additional 902,610 shares during the period. Finally, State of Alaska Department of Revenue grew its holdings 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 during the period.

Foot Locker Trading Up 0.2 %

Shares of Foot Locker stock traded up $0.05 during trading hours on Friday, reaching $21.98. 1,985,624 shares of the company's stock were exchanged, compared to its average volume of 3,036,449. The company has a current ratio of 1.72, a quick ratio of 0.55 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $2.08 billion, a price-to-earnings ratio of -6.28, a price-to-earnings-growth ratio of 0.52 and a beta of 1.43. The company has a fifty day moving average of $26.27 and a 200-day moving average of $26.38. 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 issued its earnings results 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 business had revenue of $2.38 billion for the quarter, compared to analyst estimates of $2.28 billion. Foot Locker had a positive return on equity of 4.25% and a negative net margin of 4.04%. The business's quarterly revenue was up 2.0% on a year-over-year basis. During the same period last year, the company posted $0.97 EPS. Sell-side analysts forecast that Foot Locker, Inc. will post 1.56 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Citigroup upgraded Foot Locker from a "sell" rating to a "neutral" rating and upped their price target for the stock from $19.00 to $24.00 in a report on Friday, March 22nd. UBS Group upgraded Foot Locker from a "sell" rating to a "neutral" rating and increased their target price for the company from $12.00 to $23.00 in a report on Monday, March 11th. Guggenheim lowered their target price on 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 lowered their target price on Foot Locker from $31.00 to $27.00 and set a "neutral" rating on the stock in a report on Thursday, March 7th. Finally, Piper Sandler lowered their target price on Foot Locker from $37.00 to $31.00 and set an "overweight" rating on the stock in a report on Thursday, March 7th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Foot Locker presently has a consensus rating of "Hold" and a consensus price target 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 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.