Intech Investment Management LLC Has $1.75 Million Stake in Foot Locker, Inc. (NYSE:FL)

Intech Investment Management LLC increased its stake in shares of Foot Locker, Inc. (NYSE:FL) by 150.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 80,411 shares of the athletic footwear retailer’s stock after acquiring an additional 48,337 shares during the quarter. Intech Investment Management LLC owned about 0.08% of Foot Locker worth $1,750,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Harbour Investments Inc. lifted its stake in Foot Locker by 81.6% during the fourth quarter. Harbour Investments Inc. now owns 1,442 shares of the athletic footwear retailer’s stock worth $31,000 after purchasing an additional 648 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of Foot Locker during the third quarter valued at approximately $58,000. R Squared Ltd acquired a new stake in shares of Foot Locker in the 4th quarter valued at $50,000. Smartleaf Asset Management LLC increased its position in Foot Locker by 198.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,876 shares of the athletic footwear retailer’s stock worth $63,000 after purchasing an additional 1,911 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. raised its stake in shares of Foot Locker by 32.5% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,267 shares of the athletic footwear retailer’s stock worth $84,000 after buying an additional 801 shares during the last quarter.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. JPMorgan Chase & Co. reduced their target price on Foot Locker from $23.00 to $20.00 and set an “underweight” rating on the stock in a report on Friday, January 24th. Robert W. Baird lowered their price objective on shares of Foot Locker from $24.00 to $20.00 and set a “neutral” rating for the company in a research report on Thursday, March 6th. Telsey Advisory Group reissued a “market perform” rating and issued a $24.00 target price on shares of Foot Locker in a research report on Wednesday, March 5th. Evercore ISI cut their price target on shares of Foot Locker from $30.00 to $22.00 and set an “outperform” rating on the stock in a research report on Monday, March 3rd. Finally, Williams Trading upgraded Foot Locker from a “sell” rating to a “hold” rating and upped their price objective for the stock from $17.00 to $21.00 in a research note on Wednesday, November 27th. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $22.81.

Foot Locker Price Performance

FL opened at $16.13 on Friday. The stock has a fifty day simple moving average of $18.70 and a two-hundred day simple moving average of $22.10. Foot Locker, Inc. has a 12-month low of $14.98 and a 12-month high of $33.94. The company has a market cap of $1.53 billion, a price-to-earnings ratio of -3.58, a price-to-earnings-growth ratio of 0.53 and a beta of 1.55. The company has a current ratio of 1.67, a quick ratio of 0.45 and a debt-to-equity ratio of 0.15.

Foot Locker (NYSE:FL) last announced its quarterly earnings data on Wednesday, March 5th. The athletic footwear retailer reported $0.86 earnings per share (EPS) 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 during the quarter, compared to analysts’ expectations of $2.32 billion. During the same quarter in the previous year, the business earned $0.38 earnings per share. The firm’s quarterly revenue was down 5.7% compared to the same quarter last year. Research analysts predict that Foot Locker, Inc. will post 1.23 earnings per share for the current fiscal 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.