Segall Bryant & Hamill LLC Acquires Shares of 856,602 Foot Locker, Inc. (NYSE:FL)

Segall Bryant & Hamill LLC bought a new position in shares of Foot Locker, Inc. (NYSE:FL) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 856,602 shares of the athletic footwear retailer’s stock, valued at approximately $18,640,000. Segall Bryant & Hamill LLC owned approximately 0.90% of Foot Locker as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Harbour Investments Inc. boosted its position 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 purchasing an additional 648 shares in the last quarter. R Squared Ltd acquired a new position in shares of Foot Locker during the 4th quarter worth approximately $50,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Foot Locker during the 3rd quarter valued at approximately $58,000. Smartleaf Asset Management LLC grew 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 acquiring an additional 1,911 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. increased its holdings in Foot Locker by 32.5% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,267 shares of the athletic footwear retailer’s stock worth $84,000 after acquiring an additional 801 shares in the last quarter.

Foot Locker Stock Down 2.2 %

FL stock opened at $15.68 on Wednesday. Foot Locker, Inc. has a one year low of $14.98 and a one year high of $33.94. The firm has a market cap of $1.49 billion, a PE ratio of -3.48, a PEG ratio of 0.53 and a beta of 1.55. The firm’s 50 day moving average price is $18.49 and its 200-day moving average price is $21.86. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.45 and a current ratio of 1.67.

Foot Locker (NYSE:FL) last posted its earnings results on Wednesday, March 5th. The athletic footwear retailer reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.13. The company had revenue of $2.25 billion for the quarter, compared to the consensus estimate 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 revenue for the quarter was down 5.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.38 earnings per share. On average, equities research analysts anticipate that Foot Locker, Inc. will post 1.23 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. UBS Group decreased their price objective on shares of Foot Locker from $22.00 to $21.00 and set a “neutral” rating on the stock in a report on Thursday, March 6th. Evercore ISI lowered their price objective on Foot Locker from $30.00 to $22.00 and set an “outperform” rating on the stock in a report on Monday, March 3rd. Telsey Advisory Group reissued a “market perform” rating and set a $24.00 target price on shares of Foot Locker in a report on Wednesday, March 5th. Piper Sandler lowered their price target on Foot Locker from $23.00 to $19.00 and set a “neutral” rating on the stock in a research note on Thursday, March 6th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $24.00 price objective on shares of Foot Locker in a research note on Wednesday, March 5th. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $22.81.

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.