13,624 Shares in Foot Locker, Inc. (NYSE:FL) Purchased by Inceptionr LLC

Inceptionr LLC bought a new position in shares of Foot Locker, Inc. (NYSE:FL) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 13,624 shares of the athletic footwear retailer’s stock, valued at approximately $296,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC raised its position in shares of Foot Locker by 88.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 5,323,597 shares of the athletic footwear retailer’s stock valued at $115,365,000 after buying an additional 2,500,396 shares during the period. Geode Capital Management LLC increased its stake in Foot Locker by 1.3% during the third quarter. Geode Capital Management LLC now owns 1,908,253 shares of the athletic footwear retailer’s stock worth $49,319,000 after acquiring an additional 25,394 shares during the last quarter. Bank of New York Mellon Corp raised its position in Foot Locker by 30.4% in the fourth quarter. Bank of New York Mellon Corp now owns 1,429,870 shares of the athletic footwear retailer’s stock valued at $31,114,000 after purchasing an additional 333,247 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Foot Locker by 5.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,176,449 shares of the athletic footwear retailer’s stock valued at $25,600,000 after purchasing an additional 62,866 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its holdings in shares of Foot Locker by 10.3% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,135,474 shares of the athletic footwear retailer’s stock worth $29,341,000 after purchasing an additional 106,402 shares during the period.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. UBS Group reduced their price objective on shares of Foot Locker from $22.00 to $21.00 and set a “neutral” rating on the stock in a report on Thursday. Jefferies Financial Group reduced their price target on shares of Foot Locker from $22.00 to $19.00 and set a “hold” rating on the stock in a research note on Wednesday, March 5th. Morgan Stanley lowered their price objective on shares of Foot Locker from $17.00 to $16.00 and set an “underweight” rating for the company in a research report on Friday, December 6th. Needham & Company LLC reiterated a “buy” rating and issued a $24.00 target price on shares of Foot Locker in a report on Wednesday, March 5th. Finally, Guggenheim decreased their price target on Foot Locker from $34.00 to $28.00 and set a “buy” rating on the stock in a research note on Thursday, December 5th. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $23.13.

Foot Locker Stock Performance

Shares of Foot Locker stock opened at $18.70 on Monday. The business has a 50-day simple moving average of $19.72 and a 200-day simple moving average of $23.07. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.45 and a current ratio of 1.67. Foot Locker, Inc. has a one year low of $16.92 and a one year high of $33.94. The company has a market cap of $1.77 billion, a PE ratio of -4.15, a P/E/G ratio of 0.53 and a beta of 1.55.

Foot Locker (NYSE:FL) last issued its quarterly earnings results 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. Foot Locker had a negative net margin of 5.24% and a positive return on equity of 2.91%. The company had revenue of $2.25 billion during the quarter, compared to the consensus estimate of $2.32 billion. During the same quarter in the previous year, the firm earned $0.38 earnings per share. The firm’s quarterly revenue was down 5.7% on a year-over-year basis. On average, equities research analysts forecast that Foot Locker, Inc. will post 1.23 EPS 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.