Moody National Bank Trust Division Invests $610,000 in Foot Locker, Inc. (NYSE:FL)

Moody National Bank Trust Division purchased a new position in shares of Foot Locker, Inc. (NYSE:FL) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 28,050 shares of the athletic footwear retailer’s stock, valued at approximately $610,000.

A number of other hedge funds have also bought and sold shares of the company. Dimensional Fund Advisors LP lifted its holdings in Foot Locker by 1.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,700,102 shares of the athletic footwear retailer’s stock worth $117,123,000 after buying an additional 71,152 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Foot Locker by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 1,908,253 shares of the athletic footwear retailer’s stock valued at $49,319,000 after acquiring an additional 25,394 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its stake in Foot Locker by 10.3% during the third quarter. Jacobs Levy Equity Management Inc. now owns 1,135,474 shares of the athletic footwear retailer’s stock worth $29,341,000 after purchasing an additional 106,402 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Foot Locker by 3.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,113,583 shares of the athletic footwear retailer’s stock worth $28,775,000 after purchasing an additional 38,318 shares during the last quarter. Finally, Stifel Financial Corp boosted its holdings in Foot Locker by 43.3% in the third quarter. Stifel Financial Corp now owns 897,904 shares of the athletic footwear retailer’s stock worth $23,202,000 after purchasing an additional 271,297 shares during the period.

Foot Locker Trading Down 2.0 %

Foot Locker stock opened at $20.88 on Wednesday. Foot Locker, Inc. has a 12-month low of $19.33 and a 12-month high of $35.60. The stock has a market capitalization of $1.98 billion, a PE ratio of -4.63, a price-to-earnings-growth ratio of 0.86 and a beta of 1.49. The firm has a 50 day simple moving average of $22.76 and a 200-day simple moving average of $25.22. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.67 and a quick ratio of 0.45.

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

Wall Street Analysts Forecast Growth

FL has been the subject of several research reports. Evercore ISI decreased their price target on shares of Foot Locker from $38.00 to $32.00 and set an “outperform” rating for the company in a report on Tuesday, November 26th. UBS Group decreased their target price on Foot Locker from $26.00 to $22.00 and set a “neutral” rating for the company in a research note on Thursday, December 5th. Piper Sandler dropped their price target on Foot Locker from $30.00 to $28.00 and set a “neutral” rating on the stock in a research report on Monday, December 2nd. StockNews.com downgraded Foot Locker from a “hold” rating to a “sell” rating in a report on Friday, September 20th. Finally, Robert W. Baird lowered their price objective on 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 analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, Foot Locker currently has a consensus rating of “Hold” and a consensus target price of $25.18.

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.