MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $1.03 Million Stock Holdings in Foot Locker, Inc. (NYSE:FL)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Foot Locker, Inc. (NYSE:FL) by 3.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 47,462 shares of the athletic footwear retailer’s stock after acquiring an additional 1,786 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.05% of Foot Locker worth $1,033,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of FL. Allspring Global Investments Holdings LLC lifted its stake in shares of Foot Locker by 88.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 5,323,597 shares of the athletic footwear retailer’s stock worth $115,365,000 after acquiring an additional 2,500,396 shares during the period. Cramer Rosenthal Mcglynn LLC bought a new stake in shares of Foot Locker in the 4th quarter valued at $34,835,000. Cooper Creek Partners Management LLC acquired a new stake in shares of Foot Locker during the fourth quarter worth $30,416,000. Segall Bryant & Hamill LLC bought a new position in Foot Locker during the fourth quarter worth $18,640,000. Finally, Jacobs Levy Equity Management Inc. lifted its holdings in Foot Locker by 67.9% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 1,906,406 shares of the athletic footwear retailer’s stock valued at $41,483,000 after buying an additional 770,932 shares during the period.

Wall Street Analyst Weigh In

FL has been the topic of a number of recent analyst reports. Gordon Haskett downgraded Foot Locker from a “moderate buy” rating to a “hold” rating in a research note on Thursday, May 15th. Jefferies Financial Group reduced their price objective on shares of Foot Locker from $22.00 to $19.00 and set a “hold” rating for the company in a research report on Wednesday, March 5th. Evercore ISI dropped their target price on shares of Foot Locker from $22.00 to $15.00 and set an “outperform” rating on the stock in a research report on Friday, April 11th. The Goldman Sachs Group cut their target price on shares of Foot Locker from $19.00 to $17.00 and set a “sell” rating on the stock in a research note on Tuesday, April 22nd. Finally, Morgan Stanley decreased their price target on shares of Foot Locker from $16.00 to $14.00 and set an “underweight” rating for the company in a research note on Tuesday, May 6th. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $21.19.

Foot Locker Price Performance

FL opened at $23.71 on Monday. Foot Locker, Inc. has a 1 year low of $11.00 and a 1 year high of $33.94. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.67 and a quick ratio of 0.45. The company has a market capitalization of $2.26 billion, a price-to-earnings ratio of -5.26, a P/E/G ratio of 0.53 and a beta of 1.42. The firm’s fifty day moving average price is $14.53 and its two-hundred day moving average price is $18.57.

Foot Locker (NYSE:FL) last issued its quarterly earnings data on Wednesday, March 5th. The athletic footwear retailer reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.13. The business had revenue of $2.25 billion during the quarter, compared to the consensus estimate of $2.32 billion. Foot Locker had a negative net margin of 5.24% and a positive return on equity of 2.91%. The firm’s quarterly revenue was down 5.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.38 EPS. As a group, analysts anticipate that Foot Locker, Inc. will post 1.23 earnings per share 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.