15,257 Shares in Foot Locker, Inc. (NYSE:FL) Bought by Vestmark Advisory Solutions Inc.

Vestmark Advisory Solutions Inc. bought a new position in shares of Foot Locker, Inc. (NYSE:FL) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 15,257 shares of the athletic footwear retailer’s stock, valued at approximately $332,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Chartwell Investment Partners LLC grew its holdings in shares of Foot Locker by 2.4% in the 3rd quarter. Chartwell Investment Partners LLC now owns 33,685 shares of the athletic footwear retailer’s stock worth $870,000 after purchasing an additional 782 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. grew its holdings in shares of Foot Locker by 32.5% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,267 shares of the athletic footwear retailer’s stock worth $84,000 after purchasing an additional 801 shares during the last quarter. Natixis Advisors LLC grew its holdings in shares of Foot Locker by 8.9% in the 3rd quarter. Natixis Advisors LLC now owns 12,867 shares of the athletic footwear retailer’s stock worth $332,000 after purchasing an additional 1,054 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in Foot Locker by 198.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,876 shares of the athletic footwear retailer’s stock worth $63,000 after acquiring an additional 1,911 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in Foot Locker during the 3rd quarter worth about $58,000.

Foot Locker Stock Performance

Shares of NYSE:FL opened at $18.70 on Monday. The company has a market capitalization of $1.77 billion, a price-to-earnings ratio of -4.15, a P/E/G ratio of 0.53 and a beta of 1.55. The firm’s 50 day simple moving average is $19.72 and its 200 day simple moving average is $23.07. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.67 and a quick ratio of 0.45. Foot Locker, Inc. has a fifty-two week low of $16.92 and a fifty-two week high of $33.94.

Foot Locker (NYSE:FL) last announced 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. The business had revenue of $2.25 billion for the quarter, compared to the consensus estimate of $2.32 billion. Foot Locker had a negative net margin of 5.24% and a positive return on equity of 2.91%. Foot Locker’s revenue for the quarter was down 5.7% on a year-over-year basis. During the same period last year, the company posted $0.38 EPS. As a group, sell-side analysts forecast that Foot Locker, Inc. will post 1.23 earnings per share for the current year.

Wall Street Analysts Forecast Growth

FL has been the topic of a number of research analyst reports. Evercore ISI decreased their price objective on shares of Foot Locker from $30.00 to $22.00 and set an “outperform” rating on the stock in a report on Monday, March 3rd. Telsey Advisory Group reissued a “market perform” rating and set a $24.00 price objective on shares of Foot Locker in a report on Wednesday, March 5th. Williams Trading raised shares of Foot Locker from a “sell” rating to a “hold” rating and increased their price objective for the stock from $17.00 to $21.00 in a report on Wednesday, November 27th. Piper Sandler decreased their price objective on shares of Foot Locker from $23.00 to $19.00 and set a “neutral” rating on the stock in a report on Thursday. Finally, Morgan Stanley decreased their price objective on shares of Foot Locker from $17.00 to $16.00 and set an “underweight” rating on the stock in a report on Friday, December 6th. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $23.13.

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.