Nomura Asset Management Co. Ltd. boosted its holdings in shares of Foot Locker, Inc. (NYSE:FL) by 17.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 653,800 shares of the athletic footwear retailer’s stock after buying an additional 97,920 shares during the period. Nomura Asset Management Co. Ltd. owned approximately 0.63% of Foot Locker worth $14,417,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in FL. APG Asset Management N.V. raised its stake in Foot Locker by 20.6% in the first quarter. APG Asset Management N.V. now owns 1,884,800 shares of the athletic footwear retailer’s stock valued at $101,722,000 after purchasing an additional 322,000 shares in the last quarter. 1832 Asset Management L.P. raised its stake in Foot Locker by 81.3% in the first quarter. 1832 Asset Management L.P. now owns 10,875 shares of the athletic footwear retailer’s stock valued at $241,000 after purchasing an additional 4,875 shares in the last quarter. Deutsche Bank AG raised its stake in Foot Locker by 2.7% in the first quarter. Deutsche Bank AG now owns 205,041 shares of the athletic footwear retailer’s stock valued at $4,520,000 after purchasing an additional 5,395 shares in the last quarter. Alliancebernstein L.P. raised its stake in shares of Foot Locker by 50.5% during the first quarter. Alliancebernstein L.P. now owns 2,766,738 shares of the athletic footwear retailer’s stock worth $61,007,000 after acquiring an additional 927,890 shares in the last quarter. Finally, S&T Bank PA raised its stake in shares of Foot Locker by 10.5% during the first quarter. S&T Bank PA now owns 159,921 shares of the athletic footwear retailer’s stock worth $3,526,000 after acquiring an additional 15,235 shares in the last quarter. Hedge funds and other institutional investors own 87.94% of the company’s stock.
Several research analysts have commented on the stock. ValuEngine raised shares of Foot Locker from a “sell” rating to a “hold” rating in a research note on Tuesday, May 19th. UBS Group lifted their price target on shares of Foot Locker from $28.00 to $29.00 and gave the stock a “neutral” rating in a research note on Thursday, May 28th. Zacks Investment Research cut shares of Foot Locker from a “hold” rating to a “sell” rating and set a $35.00 target price on the stock. in a report on Friday, June 5th. Barclays cut their target price on shares of Foot Locker from $43.00 to $24.00 and set an “equal weight” rating on the stock in a report on Tuesday, May 5th. Finally, Raymond James cut their target price on shares of Foot Locker from $50.00 to $30.00 and set an “outperform” rating on the stock in a report on Friday, May 8th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $34.60.
NYSE:FL traded down $2.77 during midday trading on Thursday, hitting $29.67. 1,675,312 shares of the company traded hands, compared to its average volume of 3,210,973. The firm’s fifty day moving average is $26.63 and its 200-day moving average is $32.36. Foot Locker, Inc. has a 12-month low of $17.46 and a 12-month high of $47.86. The firm has a market capitalization of $3.08 billion, a P/E ratio of 13.93, a P/E/G ratio of 5.03 and a beta of 1.34. The company has a current ratio of 1.67, a quick ratio of 0.78 and a debt-to-equity ratio of 1.17.
Foot Locker (NYSE:FL) last released its quarterly earnings results on Friday, May 22nd. The athletic footwear retailer reported ($0.67) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.17) by ($0.50). Foot Locker had a net margin of 3.21% and a return on equity of 12.12%. The company had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.31 billion. During the same quarter in the previous year, the company posted $1.53 EPS. The business’s quarterly revenue was down 43.4% on a year-over-year basis. On average, research analysts expect that Foot Locker, Inc. will post 0.64 EPS for the current fiscal year.
Foot Locker Profile
Foot Locker, Inc, through its subsidiaries, operates as an athletic shoes and apparel retailer. The company operates in two segments, Athletic Stores and Direct-to-Customers. The Athletic Stores segment retails athletic footwear, apparel, accessories, and equipment under various formats, including Foot Locker, Kids Foot Locker, Lady Foot Locker, Champs Sports, Footaction, Runners Point, Sidestep, and SIX:02.
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