Illinois Municipal Retirement Fund Invests $1.44 Million in Foot Locker, Inc. (NYSE:FL)

Illinois Municipal Retirement Fund acquired a new position in Foot Locker, Inc. (NYSE:FL) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 46,210 shares of the athletic footwear retailer’s stock, valued at approximately $1,439,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Global Retirement Partners LLC increased its position in Foot Locker by 444.4% during the third quarter. Global Retirement Partners LLC now owns 1,666 shares of the athletic footwear retailer’s stock worth $31,000 after acquiring an additional 1,360 shares during the period. CWM LLC increased its position in Foot Locker by 26.7% during the fourth quarter. CWM LLC now owns 1,836 shares of the athletic footwear retailer’s stock worth $57,000 after acquiring an additional 387 shares during the period. International Assets Investment Management LLC bought a new position in Foot Locker during the fourth quarter worth $100,000. Signaturefd LLC increased its position in Foot Locker by 105.9% during the third quarter. Signaturefd LLC now owns 5,272 shares of the athletic footwear retailer’s stock worth $91,000 after acquiring an additional 2,712 shares during the period. Finally, Raymond James Financial Services Advisors Inc. bought a new position in Foot Locker during the fourth quarter worth $211,000.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Evercore ISI raised shares of Foot Locker from an “in-line” rating to an “outperform” rating and boosted their price target for the company from $28.00 to $32.00 in a report on Monday, March 25th. Jefferies Financial Group lowered their price target on shares of Foot Locker from $25.00 to $24.00 and set a “hold” rating on the stock in a report on Wednesday, March 6th. Telsey Advisory Group reissued a “market perform” rating and issued a $28.00 price target (down previously from $38.00) on shares of Foot Locker in a report on Thursday, March 7th. Barclays lowered their price target on shares of Foot Locker from $26.00 to $22.00 and set an “equal weight” rating on the stock in a report on Thursday, March 7th. Finally, Bank of America lowered their price target on shares of Foot Locker from $31.00 to $27.00 and set a “neutral” rating on the stock in a report on Thursday, March 7th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Foot Locker presently has an average rating of “Hold” and a consensus price target of $24.94.

Foot Locker Stock Up 0.2 %

Shares of NYSE FL opened at $21.98 on Friday. The firm’s 50-day simple moving average is $26.27 and its 200 day simple moving average is $26.34. The company has a market cap of $2.08 billion, a price-to-earnings ratio of -6.28, a price-to-earnings-growth ratio of 0.52 and a beta of 1.43. The company has a quick ratio of 0.55, a current ratio of 1.72 and a debt-to-equity ratio of 0.15. Foot Locker, Inc. has a 12-month low of $14.84 and a 12-month high of $42.79.

Foot Locker (NYSE:FL) last issued its quarterly earnings results on Wednesday, March 6th. The athletic footwear retailer reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.04. The business had revenue of $2.38 billion for the quarter, compared to the consensus estimate of $2.28 billion. Foot Locker had a negative net margin of 4.04% and a positive return on equity of 4.25%. The firm’s quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.97 EPS. On average, research analysts expect that Foot Locker, Inc. will post 1.56 earnings per share for the current fiscal year.

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.