State Street Corp Increases Position in Foot Locker, Inc. (NYSE:FL)

State Street Corp raised its position in Foot Locker, Inc. (NYSE:FL) by 0.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,465,183 shares of the athletic footwear retailer’s stock after purchasing an additional 5,438 shares during the period. State Street Corp’s holdings in Foot Locker were worth $89,540,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of FL. Nisa Investment Advisors LLC increased its position in shares of Foot Locker by 1.2% in the 2nd quarter. Nisa Investment Advisors LLC now owns 41,541 shares of the athletic footwear retailer’s stock valued at $1,035,000 after purchasing an additional 483 shares during the last quarter. Fifth Third Bancorp grew its position in shares of Foot Locker by 116.0% in the 2nd quarter. Fifth Third Bancorp now owns 1,365 shares of the athletic footwear retailer’s stock valued at $34,000 after buying an additional 733 shares during the last quarter. SummerHaven Investment Management LLC grew its position in shares of Foot Locker by 2.5% in the 2nd quarter. SummerHaven Investment Management LLC now owns 27,671 shares of the athletic footwear retailer’s stock valued at $690,000 after buying an additional 667 shares during the last quarter. Louisiana State Employees Retirement System grew its position in shares of Foot Locker by 2.0% in the 2nd quarter. Louisiana State Employees Retirement System now owns 41,400 shares of the athletic footwear retailer’s stock valued at $1,032,000 after buying an additional 800 shares during the last quarter. Finally, EFG Asset Management North America Corp. purchased a new position in shares of Foot Locker in the 2nd quarter valued at $864,000.

Foot Locker Stock Up 3.1 %

FL stock opened at $22.48 on Tuesday. Foot Locker, Inc. has a one year low of $19.33 and a one year high of $35.60. The stock has a market capitalization of $2.13 billion, a PE ratio of -4.98, a price-to-earnings-growth ratio of 0.86 and a beta of 1.46. 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 company has a fifty day moving average of $23.58 and a 200-day moving average of $25.80.

Foot Locker (NYSE:FL) last released its earnings results on Wednesday, December 4th. The athletic footwear retailer reported $0.33 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.07). Foot Locker had a positive return on equity of 2.91% and a negative net margin of 5.24%. The firm had revenue of $1.96 billion during the quarter, compared to analyst estimates of $2.01 billion. During the same quarter last year, the business posted $0.30 EPS. The firm’s revenue was down 1.4% on a year-over-year basis. As a group, analysts expect that Foot Locker, Inc. will post 1.23 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on FL. Jefferies Financial Group dropped their target price on shares of Foot Locker from $27.00 to $22.00 and set a “hold” rating on the stock in a research report on Wednesday, December 4th. StockNews.com downgraded shares of Foot Locker from a “hold” rating to a “sell” rating in a research report on Friday, September 20th. Morgan Stanley dropped their target price 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. Needham & Company LLC reiterated a “buy” rating and set a $27.00 price target on shares of Foot Locker in a research note on Wednesday, December 4th. Finally, Robert W. Baird decreased their price target on shares of Foot Locker from $27.00 to $24.00 and set a “neutral” rating for the company in a research note on Thursday, December 5th. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Foot Locker currently has a consensus rating of “Hold” and an average target price of $25.29.

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.