Foot Locker, Inc. (NYSE:FL) Stake Boosted by KBC Group NV

KBC Group NV increased its position in shares of Foot Locker, Inc. (NYSE:FL) by 5,148.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 121,493 shares of the athletic footwear retailer’s stock after purchasing an additional 119,178 shares during the quarter. KBC Group NV owned 0.13% of Foot Locker worth $2,644,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Stifel Financial Corp lifted its stake 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 valued at $23,202,000 after buying an additional 271,297 shares during the last quarter. Point72 Asset Management L.P. lifted its stake in 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 valued at $14,212,000 after buying an additional 148,523 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its stake in Foot Locker by 10.3% in the third 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 buying an additional 106,402 shares during the last quarter. Neo Ivy Capital Management bought a new stake in Foot Locker in the third quarter valued at $2,636,000. Finally, Edgestream Partners L.P. increased its holdings in shares of Foot Locker by 477.2% during the third quarter. Edgestream Partners L.P. now owns 117,602 shares of the athletic footwear retailer’s stock valued at $3,039,000 after purchasing an additional 97,226 shares during the period.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Telsey Advisory Group lowered their price target on Foot Locker from $30.00 to $24.00 and set a “market perform” rating on the stock in a report on Thursday, December 5th. Williams Trading raised Foot Locker from a “sell” rating to a “hold” rating and raised their price target for the company from $17.00 to $21.00 in a report on Wednesday, November 27th. Jefferies Financial Group lowered their price target on Foot Locker from $27.00 to $22.00 and set a “hold” rating on the stock in a report on Wednesday, December 4th. Gordon Haskett assumed coverage on Foot Locker in a report on Monday, October 7th. They set an “accumulate” rating and a $27.00 price target on the stock. Finally, Evercore ISI lowered their target price on Foot Locker from $38.00 to $32.00 and set an “outperform” rating on the stock in a report on Tuesday, November 26th. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $24.94.

Foot Locker Trading Down 0.3 %

Shares of NYSE FL opened at $19.99 on Friday. Foot Locker, Inc. has a one year low of $19.33 and a one year high of $35.60. The firm has a market capitalization of $1.90 billion, a PE ratio of -4.43, a PEG ratio of 0.78 and a beta of 1.49. 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 business has a 50-day moving average price of $21.81 and a two-hundred day moving average price of $24.87.

Foot Locker (NYSE:FL) last announced its quarterly earnings data on Wednesday, December 4th. The athletic footwear retailer reported $0.33 EPS for the quarter, missing analysts’ consensus estimates 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 business had revenue of $1.96 billion for the quarter, compared to analyst estimates of $2.01 billion. During the same quarter in the previous year, the business posted $0.30 earnings per share. The company’s revenue was down 1.4% compared to the same quarter last year. As a group, analysts predict that Foot Locker, Inc. will post 1.23 earnings per share for the current fiscal year.

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.