Raymond James Financial Inc. Purchases New Holdings in Foot Locker, Inc. (NYSE:FL)

Raymond James Financial Inc. bought a new stake in shares of Foot Locker, Inc. (NYSE:FL - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 74,374 shares of the athletic footwear retailer's stock, valued at approximately $1,619,000. Raymond James Financial Inc. owned approximately 0.08% of Foot Locker at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Renaissance Technologies LLC acquired a new stake in Foot Locker during the 4th quarter worth $5,473,000. FIL Ltd purchased a new stake in shares of Foot Locker in the fourth quarter valued at $4,741,000. Legal & General Group Plc grew its holdings in shares of Foot Locker by 2.2% during the fourth quarter. Legal & General Group Plc now owns 293,346 shares of the athletic footwear retailer's stock worth $6,383,000 after buying an additional 6,353 shares in the last quarter. Invesco Ltd. raised its holdings in Foot Locker by 27.0% in the 4th quarter. Invesco Ltd. now owns 818,965 shares of the athletic footwear retailer's stock valued at $17,821,000 after acquiring an additional 174,174 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd acquired a new position in Foot Locker during the fourth quarter worth approximately $32,000.

Foot Locker Price Performance

NYSE:FL traded up $0.42 during mid-day trading on Thursday, reaching $12.28. 414,890 shares of the company were exchanged, compared to its average volume of 3,964,168. The company has a quick ratio of 0.45, a current ratio of 1.67 and a debt-to-equity ratio of 0.15. The stock has a market cap of $1.17 billion, a PE ratio of -2.72, a PEG ratio of 0.53 and a beta of 1.42. Foot Locker, Inc. has a 12 month low of $11.00 and a 12 month high of $33.94. The company has a fifty day moving average of $13.97 and a 200 day moving average of $19.02.

Foot Locker (NYSE:FL - Get Free Report) last issued its earnings results on Wednesday, March 5th. The athletic footwear retailer reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.13. The company had revenue of $2.25 billion for the quarter, compared to analyst estimates of $2.32 billion. Foot Locker had a negative net margin of 5.24% and a positive return on equity of 2.91%. The company's revenue for the quarter was down 5.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.38 EPS. On average, research analysts anticipate that Foot Locker, Inc. will post 1.23 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on FL shares. Evercore ISI decreased their target price on Foot Locker from $22.00 to $15.00 and set an "outperform" rating for the company in a research report on Friday, April 11th. Telsey Advisory Group reiterated a "market perform" rating and set a $24.00 price objective on shares of Foot Locker in a research note on Wednesday, March 5th. JPMorgan Chase & Co. decreased their price target on Foot Locker from $19.00 to $16.00 and set an "underweight" rating for the company in a research note on Monday, April 14th. The Goldman Sachs Group decreased their price target on shares of Foot Locker from $19.00 to $17.00 and set a "sell" rating on the stock in a research report on Tuesday, April 22nd. Finally, Citigroup lowered shares of Foot Locker from a "neutral" rating to a "mixed" rating in a research note on Tuesday. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Foot Locker currently has a consensus rating of "Hold" and a consensus price target of $21.25.

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.