Raymond James & Associates Buys Shares of 27,090 Foot Locker, Inc. (NYSE:FL)

Raymond James & Associates purchased a new position in shares of Foot Locker, Inc. (NYSE:FL) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 27,090 shares of the athletic footwear retailer’s stock, valued at approximately $844,000.

Several other hedge funds also recently made changes to their positions in FL. Global Retirement Partners LLC grew its holdings in shares of Foot Locker by 444.4% in the 3rd quarter. Global Retirement Partners LLC now owns 1,666 shares of the athletic footwear retailer’s stock valued at $31,000 after acquiring an additional 1,360 shares in the last quarter. SG Americas Securities LLC bought a new position in Foot Locker in the third quarter valued at approximately $310,000. State of Alaska Department of Revenue increased its position in shares of Foot Locker by 416.6% during 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 purchasing an additional 41,005 shares during the last quarter. Everence Capital Management Inc. acquired a new position in shares of Foot Locker during the 3rd quarter worth approximately $219,000. Finally, Patriot Financial Group Insurance Agency LLC bought a new stake in shares of Foot Locker during the 3rd quarter worth approximately $235,000.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. 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 raised shares of Foot Locker from an “in-line” rating to an “outperform” rating and upped their target price for the company from $28.00 to $32.00 in a report on Monday, March 25th. Guggenheim reduced their price target on Foot Locker from $35.00 to $30.00 and set a “buy” rating for the company in a report on Thursday, March 7th. Telsey Advisory Group reissued a “market perform” rating and set a $28.00 price target (down previously from $38.00) on shares of Foot Locker in a research report on Thursday, March 7th. Finally, Bank of America cut their price objective on Foot Locker from $31.00 to $27.00 and set a “neutral” rating for the company in a research report on Thursday, March 7th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $24.94.

Foot Locker Stock Down 0.7 %

Shares of NYSE FL opened at $21.55 on Tuesday. The stock has a 50-day moving average price of $26.93 and a two-hundred day moving average price of $26.37. Foot Locker, Inc. has a 12 month low of $14.84 and a 12 month 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 company has a market cap of $2.04 billion, a price-to-earnings ratio of -6.16, a PEG ratio of 0.52 and a beta of 1.43.

Foot Locker (NYSE:FL) last issued its earnings results on Wednesday, March 6th. The athletic footwear retailer reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.04. The firm had revenue of $2.38 billion for the quarter, compared to analyst estimates of $2.28 billion. Foot Locker had a negative net margin of 4.04% and a positive return on equity of 4.25%. The company’s quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter last year, the business posted $0.97 earnings per share. As a group, analysts forecast that Foot Locker, Inc. will post 1.56 earnings per share for the current fiscal 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.