Voya Investment Management LLC Decreases Stock Position in Foot Locker, Inc. (NYSE:FL)

Voya Investment Management LLC lessened its position in shares of Foot Locker, Inc. (NYSE:FL) by 33.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 31,862 shares of the athletic footwear retailer’s stock after selling 15,917 shares during the quarter. Voya Investment Management LLC’s holdings in Foot Locker were worth $693,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in FL. Price T Rowe Associates Inc. MD grew its position in shares of Foot Locker by 9.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 62,216 shares of the athletic footwear retailer’s stock valued at $1,354,000 after purchasing an additional 5,593 shares in the last quarter. Stifel Financial Corp grew its holdings in Foot Locker by 14.7% during the 4th quarter. Stifel Financial Corp now owns 1,029,855 shares of the athletic footwear retailer’s stock valued at $22,410,000 after buying an additional 131,951 shares in the last quarter. Tower Research Capital LLC TRC increased its position in shares of Foot Locker by 386.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 23,836 shares of the athletic footwear retailer’s stock valued at $519,000 after buying an additional 18,935 shares during the period. MetLife Investment Management LLC boosted its position in shares of Foot Locker by 5.9% in the fourth quarter. MetLife Investment Management LLC now owns 50,919 shares of the athletic footwear retailer’s stock valued at $1,108,000 after acquiring an additional 2,824 shares during the period. Finally, Cramer Rosenthal Mcglynn LLC purchased a new position in Foot Locker during the fourth quarter valued at approximately $34,835,000.

Analyst Upgrades and Downgrades

Several research analysts have commented on FL shares. Evercore ISI cut their price target on shares of Foot Locker from $22.00 to $15.00 and set an “outperform” rating for the company in a report on Friday, April 11th. StockNews.com cut Foot Locker from a “hold” rating to a “sell” rating in a research report on Friday, April 11th. 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 report on Tuesday, April 22nd. Needham & Company LLC reissued a “buy” rating and set a $24.00 price objective on shares of Foot Locker in a report on Wednesday, March 5th. Finally, Jefferies Financial Group lowered their target price on shares of Foot Locker from $22.00 to $19.00 and set a “hold” rating on the stock in a research note on Wednesday, March 5th. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $21.25.

Foot Locker Stock Up 3.1 %

FL opened at $12.23 on Friday. Foot Locker, Inc. has a 12 month low of $11.00 and a 12 month 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 business’s 50-day moving average price is $13.85 and its 200-day moving average price is $18.94. The company has a market cap of $1.16 billion, a P/E ratio of -2.71, a P/E/G ratio of 0.53 and a beta of 1.42.

Foot Locker (NYSE:FL) last announced its quarterly earnings data on Wednesday, March 5th. The athletic footwear retailer reported $0.86 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $2.25 billion during 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. The business’s revenue was down 5.7% on a year-over-year basis. On average, equities analysts expect that Foot Locker, Inc. will post 1.23 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.