Foot Locker, Inc. (NYSE:FL) Stock Position Lifted by Signaturefd LLC

Signaturefd LLC boosted its stake in shares of Foot Locker, Inc. (NYSE:FL) by 10.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 5,799 shares of the athletic footwear retailer’s stock after acquiring an additional 527 shares during the period. Signaturefd LLC’s holdings in Foot Locker were worth $181,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Global Retirement Partners LLC grew its position in Foot Locker by 444.4% during the third quarter. Global Retirement Partners LLC now owns 1,666 shares of the athletic footwear retailer’s stock valued at $31,000 after purchasing an additional 1,360 shares in the last quarter. International Assets Investment Management LLC purchased a new position in Foot Locker during the fourth quarter valued at approximately $100,000. Pathstone Family Office LLC acquired a new stake in Foot Locker in the third quarter valued at approximately $180,000. L2 Asset Management LLC acquired a new stake in Foot Locker in the third quarter valued at approximately $195,000. Finally, Raymond James Financial Services Advisors Inc. acquired a new stake in Foot Locker in the fourth quarter valued at approximately $211,000.

Wall Street Analyst Weigh In

FL has been the subject of a number of analyst reports. Barclays reduced their target price on shares of Foot Locker from $26.00 to $22.00 and set an “equal weight” rating for the company in a research note on Thursday, March 7th. UBS Group upgraded shares of Foot Locker from a “sell” rating to a “neutral” rating and lifted their target price for the company from $12.00 to $23.00 in a research note on Monday, March 11th. Piper Sandler reduced their target price on shares of Foot Locker from $37.00 to $31.00 and set an “overweight” rating for the company in a research note on Thursday, March 7th. Citigroup upgraded shares of Foot Locker from a “sell” rating to a “neutral” rating and lifted their target price for the company from $19.00 to $24.00 in a research note on Friday, March 22nd. Finally, 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 research note on Monday, March 25th. 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’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $24.94.

Foot Locker Stock Up 0.2 %

NYSE:FL opened at $21.98 on Friday. Foot Locker, Inc. has a one year low of $14.84 and a one year high of $42.79. The company has a fifty day moving average price of $26.27 and a 200 day moving average price of $26.38. The company has a current ratio of 1.72, a quick ratio of 0.55 and a debt-to-equity ratio of 0.15.

Foot Locker (NYSE:FL) last released its earnings results on Wednesday, March 6th. The athletic footwear retailer reported $0.38 EPS for the quarter, beating the consensus estimate of $0.34 by $0.04. The firm had revenue of $2.38 billion during 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%. The business’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.97 EPS. As a group, equities research analysts anticipate that Foot Locker, Inc. will post 1.56 EPS for the current year.

About Foot Locker

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.