Foundry Partners LLC Increases Stock Position in Foot Locker, Inc. (NYSE:FL)

Foundry Partners LLC boosted its holdings in Foot Locker, Inc. (NYSE:FL) by 8.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,784 shares of the athletic footwear retailer’s stock after buying an additional 1,031 shares during the period. Foundry Partners LLC’s holdings in Foot Locker were worth $278,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Harbour Investments Inc. grew its position in shares of Foot Locker by 81.6% in the fourth quarter. Harbour Investments Inc. now owns 1,442 shares of the athletic footwear retailer’s stock valued at $31,000 after purchasing an additional 648 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Foot Locker during the 3rd quarter valued at about $58,000. R Squared Ltd bought a new stake in shares of Foot Locker during the fourth quarter valued at about $50,000. Smartleaf Asset Management LLC lifted its holdings in shares of Foot Locker by 198.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,876 shares of the athletic footwear retailer’s stock worth $63,000 after buying an additional 1,911 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. boosted its position in shares of Foot Locker by 32.5% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,267 shares of the athletic footwear retailer’s stock valued at $84,000 after acquiring an additional 801 shares during the period.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $24.00 target price on shares of Foot Locker in a research note on Wednesday, March 5th. StockNews.com raised Foot Locker from a “sell” rating to a “hold” rating in a research note on Thursday. Piper Sandler decreased their target price on Foot Locker from $23.00 to $19.00 and set a “neutral” rating on the stock in a research note on Thursday, March 6th. Evercore ISI dropped their price target on Foot Locker from $30.00 to $22.00 and set an “outperform” rating for the company in a research report on Monday, March 3rd. Finally, Barclays set a $24.00 price objective on shares of Foot Locker in a research report on Wednesday, March 5th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $22.81.

Foot Locker Stock Up 1.6 %

NYSE FL opened at $12.65 on Friday. Foot Locker, Inc. has a 1 year low of $11.31 and a 1 year high of $33.94. The stock has a market capitalization of $1.20 billion, a PE ratio of -2.80, a PEG ratio of 0.53 and a beta of 1.41. 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 business’s 50-day moving average is $17.44 and its 200 day moving average is $21.23.

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

Foot Locker 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.