Sei Investments Co. Acquires 241,504 Shares of Foot Locker, Inc. (NYSE:FL)

Sei Investments Co. boosted its holdings in Foot Locker, Inc. (NYSE:FL) by 140.8% in the fourth quarter, Holdings Channel reports. The firm owned 412,988 shares of the athletic footwear retailer’s stock after purchasing an additional 241,504 shares during the quarter. Sei Investments Co.’s holdings in Foot Locker were worth $8,987,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Harbour Investments Inc. increased its holdings 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 worth $31,000 after buying an additional 648 shares during the last quarter. R Squared Ltd acquired a new position in shares of Foot Locker during the 4th quarter worth about $50,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Foot Locker in the 3rd quarter valued at about $58,000. Smartleaf Asset Management LLC lifted its stake in 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. grew its holdings in Foot Locker by 32.5% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,267 shares of the athletic footwear retailer’s stock worth $84,000 after purchasing an additional 801 shares during the period.

Analyst Upgrades and Downgrades

FL has been the topic of several research analyst reports. Needham & Company LLC restated a “buy” rating and issued a $24.00 price objective on shares of Foot Locker in a research note on Wednesday, March 5th. UBS Group dropped their price target on Foot Locker from $22.00 to $21.00 and set a “neutral” rating on the stock in a research note on Thursday, March 6th. Barclays set a $24.00 price target on Foot Locker in a report on Wednesday, March 5th. Piper Sandler decreased their price objective on shares of Foot Locker from $23.00 to $19.00 and set a “neutral” rating on the stock in a report on Thursday, March 6th. Finally, Jefferies Financial Group cut their target price on shares of Foot Locker from $22.00 to $19.00 and set a “hold” rating for the company in a research note on Wednesday, March 5th. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $22.81.

Foot Locker Trading Down 4.9 %

Shares of FL stock opened at $14.52 on Monday. The stock has a market cap of $1.38 billion, a P/E ratio of -3.22, a price-to-earnings-growth ratio of 0.53 and a beta of 1.55. Foot Locker, Inc. has a 1 year low of $14.34 and a 1 year high of $33.94. The company has a current ratio of 1.67, a quick ratio of 0.45 and a debt-to-equity ratio of 0.15. The stock has a 50 day simple moving average of $18.15 and a 200 day simple moving average of $21.65.

Foot Locker (NYSE:FL) last announced its quarterly earnings data on Wednesday, March 5th. The athletic footwear retailer reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.13. The firm had revenue of $2.25 billion during the quarter, compared to analysts’ expectations of $2.32 billion. Foot Locker had a positive return on equity of 2.91% and a negative net margin of 5.24%. The company’s quarterly revenue was down 5.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.38 EPS. On average, research analysts predict that Foot Locker, Inc. will post 1.23 earnings per share for the current fiscal year.

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.