Raymond James Financial Services Advisors Inc. Invests $211,000 in Foot Locker, Inc. (NYSE:FL)

Raymond James Financial Services Advisors Inc. acquired a new position in Foot Locker, Inc. (NYSE:FL) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 6,765 shares of the athletic footwear retailer’s stock, valued at approximately $211,000.

A number of other institutional investors have also recently made changes to their positions in FL. Vanguard Group Inc. lifted its position in Foot Locker by 9.6% during the 3rd quarter. Vanguard Group Inc. now owns 10,292,817 shares of the athletic footwear retailer’s stock worth $178,580,000 after acquiring an additional 902,610 shares during the period. Allspring Global Investments Holdings LLC raised its stake in shares of Foot Locker by 0.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,597,105 shares of the athletic footwear retailer’s stock valued at $45,060,000 after buying an additional 16,953 shares during the last quarter. Barclays PLC raised its stake in shares of Foot Locker by 385.6% during the 3rd quarter. Barclays PLC now owns 1,746,876 shares of the athletic footwear retailer’s stock valued at $30,307,000 after buying an additional 1,387,154 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Foot Locker by 9.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 872,979 shares of the athletic footwear retailer’s stock valued at $15,146,000 after purchasing an additional 77,065 shares in the last quarter. Finally, AQR Capital Management LLC increased its stake in shares of Foot Locker by 110.4% in the 3rd quarter. AQR Capital Management LLC now owns 731,256 shares of the athletic footwear retailer’s stock valued at $12,687,000 after purchasing an additional 383,724 shares in the last quarter.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. UBS Group upgraded Foot Locker from a “sell” rating to a “neutral” rating and lifted their price target for the company from $12.00 to $23.00 in a research note on Monday, March 11th. Barclays cut their price target on Foot Locker from $26.00 to $22.00 and set an “equal weight” rating for the company in a research note on Thursday, March 7th. Bank of America cut their price target on Foot Locker from $31.00 to $27.00 and set a “neutral” rating for the company in a research note on Thursday, March 7th. Guggenheim lowered their price objective on Foot Locker from $35.00 to $30.00 and set a “buy” rating on the stock in a report on Thursday, March 7th. Finally, Telsey Advisory Group reiterated a “market perform” rating and issued a $28.00 price objective (down from $38.00) on shares of Foot Locker in a report on Thursday, March 7th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $24.94.

Foot Locker Trading Up 2.8 %

FL opened at $22.86 on Thursday. Foot Locker, Inc. has a one year low of $14.84 and a one year high of $42.79. The stock has a market capitalization of $2.16 billion, a PE ratio of -6.53, a P/E/G ratio of 0.51 and a beta of 1.43. The business’s 50 day moving average price is $26.63 and its 200 day moving average price is $26.36. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.55 and a current ratio of 1.72.

Foot Locker (NYSE:FL) last released its quarterly earnings data on Wednesday, March 6th. The athletic footwear retailer reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.04. Foot Locker had a positive return on equity of 4.25% and a negative net margin of 4.04%. The firm had revenue of $2.38 billion for the quarter, compared to analysts’ expectations of $2.28 billion. During the same period in the prior year, the firm posted $0.97 earnings per share. The firm’s quarterly revenue was up 2.0% on a year-over-year basis. As a group, equities research analysts expect that Foot Locker, Inc. will post 1.56 EPS for the current 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.