Foot Locker, Inc. (NYSE:FL) Stock Holdings Trimmed by Towle & Co.

Towle & Co. lowered its holdings in shares of Foot Locker, Inc. (NYSE:FL) by 17.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 608,240 shares of the athletic footwear retailer’s stock after selling 132,359 shares during the period. Foot Locker makes up 2.3% of Towle & Co.’s holdings, making the stock its 22nd largest position. Towle & Co. owned approximately 0.64% of Foot Locker worth $13,235,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in Foot Locker by 2.0% during the 4th quarter. Vanguard Group Inc. now owns 10,505,006 shares of the athletic footwear retailer’s stock valued at $228,589,000 after acquiring an additional 210,832 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Foot Locker by 88.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 5,323,597 shares of the athletic footwear retailer’s stock valued at $115,365,000 after purchasing an additional 2,500,396 shares during the period. Jacobs Levy Equity Management Inc. increased its position in shares of Foot Locker by 67.9% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 1,906,406 shares of the athletic footwear retailer’s stock valued at $41,483,000 after purchasing an additional 770,932 shares during the period. American Century Companies Inc. increased its position in shares of Foot Locker by 5.2% during the 4th quarter. American Century Companies Inc. now owns 1,659,206 shares of the athletic footwear retailer’s stock valued at $36,104,000 after purchasing an additional 81,814 shares during the period. Finally, Cramer Rosenthal Mcglynn LLC acquired a new position in shares of Foot Locker during the 4th quarter valued at $34,835,000.

Foot Locker Stock Performance

Shares of FL stock opened at $23.84 on Monday. Foot Locker, Inc. has a 1-year low of $11.00 and a 1-year high of $33.94. 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 capitalization of $2.27 billion, a price-to-earnings ratio of -5.28, a P/E/G ratio of 0.53 and a beta of 1.42. The stock’s fifty day simple moving average is $13.73 and its 200-day simple moving average is $18.59.

Foot Locker (NYSE:FL) last issued its quarterly earnings results on Wednesday, March 5th. The athletic footwear retailer reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.13. Foot Locker had a positive return on equity of 2.91% and a negative net margin of 5.24%. The business had revenue of $2.25 billion for the quarter, compared to the consensus estimate of $2.32 billion. During the same quarter in the previous year, the company posted $0.38 earnings per share. Foot Locker’s revenue for the quarter was down 5.7% compared to the same quarter last year. On average, sell-side analysts predict that Foot Locker, Inc. will post 1.23 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Barclays reiterated an “equal weight” rating and set a $24.00 price target (up from $14.00) on shares of Foot Locker in a research report on Friday. The Goldman Sachs Group lowered their price target on Foot Locker from $19.00 to $17.00 and set a “sell” rating on the stock in a research report on Tuesday, April 22nd. Needham & Company LLC reiterated a “hold” rating and set a $24.00 price target on shares of Foot Locker in a research report on Thursday. Piper Sandler lowered their price target on Foot Locker from $19.00 to $12.00 and set a “neutral” rating on the stock in a research report on Friday, April 11th. Finally, StockNews.com cut Foot Locker from a “hold” rating to a “sell” rating in a research report on Friday, April 11th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $21.19.

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.