Fiduciary Alliance LLC Acquires Shares of 9,350 Foot Locker, Inc. (NYSE:FL)

Fiduciary Alliance LLC bought a new position in Foot Locker, Inc. (NYSE:FL) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 9,350 shares of the athletic footwear retailer’s stock, valued at approximately $203,000.

Other large investors have also made changes to their positions in the company. Quarry LP purchased a new position in Foot Locker during the 2nd quarter worth approximately $31,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of Foot Locker by 156.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,616 shares of the athletic footwear retailer’s stock worth $40,000 after buying an additional 985 shares during the period. Headlands Technologies LLC purchased a new position in shares of Foot Locker during the second quarter valued at $43,000. nVerses Capital LLC acquired a new position in Foot Locker during the third quarter valued at $47,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in Foot Locker in the 3rd quarter worth about $58,000.

Foot Locker Price Performance

NYSE FL opened at $20.88 on Wednesday. Foot Locker, Inc. has a 1 year low of $19.33 and a 1 year high of $35.60. The company has a fifty day simple moving average of $22.76 and a 200 day simple moving average of $25.22. 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 company has a market cap of $1.98 billion, a P/E ratio of -4.63, a P/E/G ratio of 0.86 and a beta of 1.49.

Foot Locker (NYSE:FL) last released its quarterly earnings results on Wednesday, December 4th. The athletic footwear retailer reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.07). The firm had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $2.01 billion. Foot Locker had a negative net margin of 5.24% and a positive return on equity of 2.91%. The firm’s revenue was down 1.4% on a year-over-year basis. During the same quarter last year, the company earned $0.30 earnings per share. On average, sell-side analysts predict that Foot Locker, Inc. will post 1.23 EPS for the current year.

Wall Street Analysts Forecast Growth

FL has been the topic of a number of research reports. Robert W. Baird dropped their target price on Foot Locker from $27.00 to $24.00 and set a “neutral” rating on the stock in a report on Thursday, December 5th. Williams Trading upgraded shares of Foot Locker from a “sell” rating to a “hold” rating and upped their price objective for the company from $17.00 to $21.00 in a research note on Wednesday, November 27th. Piper Sandler decreased their target price on shares of Foot Locker from $30.00 to $28.00 and set a “neutral” rating for the company in a research note on Monday, December 2nd. Barclays lowered their price target on shares of Foot Locker from $34.00 to $29.00 and set an “overweight” rating on the stock in a report on Friday, December 6th. Finally, Needham & Company LLC reissued a “buy” rating and set a $25.00 price objective on shares of Foot Locker in a research report on Wednesday, December 18th. Four equities 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 stock has a consensus rating of “Hold” and an average price target of $25.18.

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.