Blueshift Asset Management LLC Purchases Shares of 17,509 Foot Locker, Inc. (NYSE:FL)

Blueshift Asset Management LLC purchased a new stake in shares of Foot Locker, Inc. (NYSE:FL) in the 4th quarter, Holdings Channel.com reports. The firm purchased 17,509 shares of the athletic footwear retailer’s stock, valued at approximately $381,000.

Several other institutional investors have also added to or reduced their stakes in FL. Harbour Investments Inc. lifted its stake in shares of Foot Locker by 81.6% in the 4th 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 last quarter. R Squared Ltd bought a new stake in shares of Foot Locker in the 4th quarter valued at approximately $50,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Foot Locker in the 3rd quarter valued at approximately $58,000. Smartleaf Asset Management LLC lifted 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 valued at $63,000 after purchasing an additional 1,911 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. lifted its stake in shares of Foot Locker by 32.5% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,267 shares of the athletic footwear retailer’s stock valued at $84,000 after purchasing an additional 801 shares during the last quarter.

Analyst Upgrades and Downgrades

FL has been the subject of several analyst reports. Evercore ISI lowered their price objective 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. Williams Trading raised Foot Locker from a “sell” rating to a “hold” rating and raised their price objective for the company from $17.00 to $21.00 in a research note on Wednesday, November 27th. Telsey Advisory Group reissued a “market perform” rating and set a $24.00 price target on shares of Foot Locker in a research note on Wednesday, March 5th. JPMorgan Chase & Co. decreased their price target on Foot Locker from $23.00 to $20.00 and set an “underweight” rating for the company in a research note on Friday, January 24th. Finally, Guggenheim decreased their price target on Foot Locker from $34.00 to $28.00 and set a “buy” rating for the company in a research note on Thursday, December 5th. Four 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’s stock. According to data from MarketBeat.com, Foot Locker presently has an average rating of “Hold” and an average target price of $22.81.

Foot Locker Trading Down 2.8 %

Shares of NYSE FL opened at $16.07 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. The business has a fifty day simple moving average of $18.79 and a two-hundred day simple moving average of $22.21. The firm has a market cap of $1.53 billion, a PE ratio of -3.56, a price-to-earnings-growth ratio of 0.53 and a beta of 1.55. Foot Locker, Inc. has a twelve month low of $14.98 and a twelve month high of $33.94.

Foot Locker (NYSE:FL) last issued its earnings results on Wednesday, March 5th. The athletic footwear retailer reported $0.86 earnings per share for the quarter, beating 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 business had revenue of $2.25 billion during the quarter, compared to analyst estimates of $2.32 billion. During the same period in the previous year, the company posted $0.38 EPS. Foot Locker’s revenue 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 fiscal 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.