Foot Locker, Inc. (NYSE:FL) Shares Purchased by Natixis Advisors LLC

Natixis Advisors LLC grew its position in Foot Locker, Inc. (NYSE:FL) by 8.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,867 shares of the athletic footwear retailer’s stock after buying an additional 1,054 shares during the quarter. Natixis Advisors LLC’s holdings in Foot Locker were worth $332,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its holdings in shares of Foot Locker by 1.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,700,102 shares of the athletic footwear retailer’s stock valued at $117,123,000 after acquiring an additional 71,152 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Foot Locker by 23.8% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,900,439 shares of the athletic footwear retailer’s stock worth $72,279,000 after purchasing an additional 557,489 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Foot Locker by 0.7% during the second quarter. Bank of New York Mellon Corp now owns 689,542 shares of the athletic footwear retailer’s stock worth $17,183,000 after purchasing an additional 4,891 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of Foot Locker in the second quarter valued at approximately $10,005,000. Finally, Empowered Funds LLC lifted its stake in shares of Foot Locker by 5.4% during the third quarter. Empowered Funds LLC now owns 385,521 shares of the athletic footwear retailer’s stock valued at $9,962,000 after acquiring an additional 19,612 shares during the period.

Foot Locker Price Performance

Shares of NYSE FL opened at $25.31 on Friday. The stock has a market capitalization of $2.40 billion, a PE ratio of -6.54, a P/E/G ratio of 0.72 and a beta of 1.44. Foot Locker, Inc. has a fifty-two week low of $20.47 and a fifty-two week high of $35.60. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.66 and a quick ratio of 0.49. The business has a fifty day moving average price of $24.40 and a two-hundred day moving average price of $25.77.

Foot Locker (NYSE:FL) last issued its earnings results on Wednesday, August 28th. The athletic footwear retailer reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.08) by $0.03. Foot Locker had a negative net margin of 4.48% and a positive return on equity of 2.73%. The company had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.88 billion. As a group, equities analysts predict that Foot Locker, Inc. will post 1.48 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Williams Trading raised Foot Locker from a “sell” rating to a “hold” rating and increased their price target for the company from $17.00 to $21.00 in a research note on Wednesday. Needham & Company LLC assumed coverage on shares of Foot Locker in a report on Friday, November 22nd. They issued a “buy” rating and a $27.00 price target for the company. Gordon Haskett initiated coverage on Foot Locker in a research report on Monday, October 7th. They set an “accumulate” rating and a $27.00 price target for the company. Evercore ISI dropped their target price on Foot Locker from $38.00 to $32.00 and set an “outperform” rating on the stock in a report on Tuesday. Finally, Citigroup upped their target price on shares of Foot Locker from $27.00 to $33.00 and gave the company a “neutral” rating in a report on Tuesday, August 20th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $26.56.

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.