Segall Bryant & Hamill LLC Makes New $18.64 Million Investment in Foot Locker, Inc. (NYSE:FL)

Segall Bryant & Hamill LLC acquired a new stake in Foot Locker, Inc. (NYSE:FL) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 856,602 shares of the athletic footwear retailer’s stock, valued at approximately $18,640,000.

Several other hedge funds have also modified their holdings of the stock. Harbour Investments Inc. increased its holdings in Foot Locker by 81.6% during the 4th quarter. Harbour Investments Inc. now owns 1,442 shares of the athletic footwear retailer’s stock worth $31,000 after purchasing an additional 648 shares during the period. R Squared Ltd purchased a new stake in shares of Foot Locker during the fourth quarter worth approximately $50,000. Wilmington Savings Fund Society FSB acquired a new stake in Foot Locker in the third quarter valued at approximately $58,000. Smartleaf Asset Management LLC lifted its stake in 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 acquiring an additional 1,911 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. grew its holdings in Foot Locker by 32.5% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,267 shares of the athletic footwear retailer’s stock worth $84,000 after acquiring an additional 801 shares in the last quarter.

Foot Locker Trading Down 2.2 %

NYSE FL opened at $15.68 on Wednesday. The firm’s fifty day moving average is $18.49 and its two-hundred day moving average is $21.86. Foot Locker, Inc. has a one year low of $14.98 and a one year high of $33.94. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.45 and a current ratio of 1.67. The firm has a market cap of $1.49 billion, a PE ratio of -3.48, 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, beating the consensus estimate 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 analysts’ expectations of $2.32 billion. During the same quarter in the previous year, the firm posted $0.38 EPS. The firm’s revenue for the quarter was down 5.7% on a year-over-year basis. Analysts expect that Foot Locker, Inc. will post 1.23 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Piper Sandler decreased their price objective on shares of Foot Locker from $23.00 to $19.00 and set a “neutral” rating for the company in a research report on Thursday, March 6th. Barclays set a $24.00 price target on Foot Locker in a report on Wednesday, March 5th. UBS Group dropped their price objective on Foot Locker from $22.00 to $21.00 and set a “neutral” rating on the stock in a report on Thursday, March 6th. Evercore ISI decreased their target price on Foot Locker from $30.00 to $22.00 and set an “outperform” rating for the company in a research note on Monday, March 3rd. Finally, Jefferies Financial Group dropped 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. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $22.81.

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.