Intech Investment Management LLC Raises Holdings in Foot Locker, Inc. (NYSE:FL)

Intech Investment Management LLC lifted its holdings in Foot Locker, Inc. (NYSE:FL) by 150.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 80,411 shares of the athletic footwear retailer’s stock after purchasing an additional 48,337 shares during the quarter. Intech Investment Management LLC’s holdings in Foot Locker were worth $1,750,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Harbour Investments Inc. lifted its position in Foot Locker by 81.6% during 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 during the period. Wilmington Savings Fund Society FSB purchased a new stake in Foot Locker during the 3rd quarter valued at $58,000. R Squared Ltd bought a new position in shares of Foot Locker during the 4th quarter valued at $50,000. Smartleaf Asset Management LLC boosted its stake in shares of Foot Locker by 198.0% in the 4th 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 during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. grew its holdings 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 worth $84,000 after acquiring an additional 801 shares during the period.

Wall Street Analyst Weigh In

A number of research firms have weighed in on FL. The Goldman Sachs Group lowered their target price on Foot Locker from $25.00 to $22.00 and set a “sell” rating on the stock in a report on Thursday, December 5th. Needham & Company LLC reiterated a “buy” rating and issued a $24.00 price objective on shares of Foot Locker in a research note on Wednesday, March 5th. Barclays set a $24.00 target price on shares of Foot Locker in a research report on Wednesday, March 5th. Morgan Stanley decreased their price target on shares of Foot Locker from $17.00 to $16.00 and set an “underweight” rating on the stock in a research report on Friday, December 6th. Finally, Williams Trading upgraded shares of Foot Locker from a “sell” rating to a “hold” rating and lifted their price target for the stock from $17.00 to $21.00 in a research note on Wednesday, November 27th. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Foot Locker has a consensus rating of “Hold” and an average target price of $22.81.

Foot Locker Stock Performance

NYSE FL opened at $16.13 on Friday. The company has a quick ratio of 0.45, a current ratio of 1.67 and a debt-to-equity ratio of 0.15. Foot Locker, Inc. has a twelve month low of $14.98 and a twelve month high of $33.94. The business has a 50-day moving average price of $18.70 and a 200-day moving average price of $22.10. The firm has a market cap of $1.53 billion, a price-to-earnings ratio of -3.58, a price-to-earnings-growth ratio of 0.53 and a beta of 1.55.

Foot Locker (NYSE:FL) last posted its quarterly earnings results on Wednesday, March 5th. The athletic footwear retailer reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.13. The business had revenue of $2.25 billion during the quarter, compared to the consensus estimate of $2.32 billion. Foot Locker had a positive return on equity of 2.91% and a negative net margin of 5.24%. The firm’s revenue for the quarter was down 5.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.38 EPS. As a group, equities research analysts predict 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.