Raymond James Financial Services Advisors Inc. Takes $211,000 Position in Foot Locker, Inc. (NYSE:FL)

Raymond James Financial Services Advisors Inc. acquired a new stake in shares of Foot Locker, Inc. (NYSE:FL) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 6,765 shares of the athletic footwear retailer’s stock, valued at approximately $211,000.

Other institutional investors also recently made changes to their positions in the company. Barclays PLC boosted its position in Foot Locker by 385.6% during the 3rd quarter. Barclays PLC now owns 1,746,876 shares of the athletic footwear retailer’s stock worth $30,307,000 after purchasing an additional 1,387,154 shares during the period. Vanguard Group Inc. boosted its position in Foot Locker by 9.6% during 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 during the period. AQR Capital Management LLC boosted its position in Foot Locker by 110.4% during 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 during the period. Glenmede Trust Co. NA boosted its position in Foot Locker by 42.8% during the 3rd quarter. Glenmede Trust Co. NA now owns 636,235 shares of the athletic footwear retailer’s stock worth $11,039,000 after purchasing an additional 190,642 shares during the period. Finally, Armistice Capital LLC boosted its position in Foot Locker by 35.6% during the 3rd quarter. Armistice Capital LLC now owns 664,657 shares of the athletic footwear retailer’s stock worth $11,532,000 after purchasing an additional 174,657 shares during the period.

Foot Locker Price Performance

NYSE FL opened at $22.86 on Thursday. Foot Locker, Inc. has a 52 week low of $14.84 and a 52 week high of $42.79. 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 stock has a market cap of $2.16 billion, a price-to-earnings ratio of -6.53, a price-to-earnings-growth ratio of 0.51 and a beta of 1.43. The company has a 50-day moving average price of $26.63 and a two-hundred day moving average price of $26.36.

Foot Locker (NYSE:FL) last posted its earnings results on Wednesday, March 6th. The athletic footwear retailer reported $0.38 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $2.38 billion during the quarter, compared to analysts’ expectations of $2.28 billion. During the same quarter in the prior year, the firm earned $0.97 EPS. Foot Locker’s quarterly revenue was up 2.0% on a year-over-year basis. Analysts forecast that Foot Locker, Inc. will post 1.56 EPS for the current year.

Analysts Set New Price Targets

A number of analysts recently weighed in on FL shares. 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 report on Thursday, March 7th. UBS Group raised shares of Foot Locker from a “sell” rating to a “neutral” rating and upped their price target for the stock from $12.00 to $23.00 in a research report on Monday, March 11th. Evercore ISI upgraded shares of Foot Locker from an “in-line” rating to an “outperform” rating and boosted their price objective for the stock from $28.00 to $32.00 in a report on Monday, March 25th. Morgan Stanley cut their price objective on shares of Foot Locker from $28.00 to $26.00 and set an “equal weight” rating on the stock in a report on Thursday, March 7th. Finally, Citigroup upgraded shares of Foot Locker from a “sell” rating to a “neutral” rating and boosted their price objective for the stock from $19.00 to $24.00 in a report on Friday, March 22nd. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Foot Locker has a consensus rating of “Hold” and an average target price 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 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.