Nisa Investment Advisors LLC Reduces Stock Holdings in Foot Locker, Inc. (NYSE:FL)

Nisa Investment Advisors LLC cut its position in Foot Locker, Inc. (NYSE:FL) by 25.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 30,815 shares of the athletic footwear retailer’s stock after selling 10,340 shares during the period. Nisa Investment Advisors LLC’s holdings in Foot Locker were worth $671,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. Geode Capital Management LLC boosted its position in Foot Locker by 1.3% during the third quarter. Geode Capital Management LLC now owns 1,908,253 shares of the athletic footwear retailer’s stock worth $49,319,000 after purchasing an additional 25,394 shares during the period. Jacobs Levy Equity Management Inc. raised its holdings in Foot Locker by 10.3% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,135,474 shares of the athletic footwear retailer’s stock valued at $29,341,000 after acquiring an additional 106,402 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of 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 acquiring an additional 38,318 shares in the last quarter. Stifel Financial Corp raised its stake in shares of Foot Locker by 43.3% during the 3rd quarter. Stifel Financial Corp now owns 897,904 shares of the athletic footwear retailer’s stock valued at $23,202,000 after purchasing an additional 271,297 shares during the period. Finally, Point72 Asset Management L.P. lifted its holdings in shares of Foot Locker by 37.0% in the third quarter. Point72 Asset Management L.P. now owns 549,997 shares of the athletic footwear retailer’s stock worth $14,212,000 after buying an additional 148,523 shares in the last quarter.

Foot Locker Price Performance

Shares of NYSE:FL opened at $19.60 on Wednesday. The company has a market capitalization of $1.86 billion, a PE ratio of -4.35, a PEG ratio of 0.82 and a beta of 1.49. The business has a fifty day moving average price of $21.98 and a 200-day moving average price of $24.98. Foot Locker, Inc. has a 1-year low of $19.33 and a 1-year high of $35.60. 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 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). The business had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $2.01 billion. Foot Locker had a negative net margin of 5.24% and a positive return on equity of 2.91%. The business’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.30 earnings per share. As a group, equities analysts expect that Foot Locker, Inc. will post 1.23 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on FL shares. Robert W. Baird reduced their price objective 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. Jefferies Financial Group lowered their price objective 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. Evercore ISI cut their target price on Foot Locker from $38.00 to $32.00 and set an “outperform” rating for the company in a research note on Tuesday, November 26th. Morgan Stanley dropped their target price on shares of Foot Locker from $17.00 to $16.00 and set an “underweight” rating for the company in a report on Friday, December 6th. Finally, JPMorgan Chase & Co. cut their price objective on Foot Locker from $23.00 to $20.00 and set an “underweight” rating on the stock in a research report on Friday, January 24th. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $24.94.

Foot Locker Company 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.