Anthracite Investment Company Inc. Has $1.56 Million Stock Position in Foot Locker, Inc. (NYSE:FL)

Anthracite Investment Company Inc. cut its holdings in Foot Locker, Inc. (NYSE:FL) by 29.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 71,470 shares of the athletic footwear retailer’s stock after selling 30,368 shares during the period. Anthracite Investment Company Inc.’s holdings in Foot Locker were worth $1,555,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

Several research analysts recently commented on FL shares. UBS Group dropped their target price on shares of Foot Locker from $22.00 to $21.00 and set a “neutral” rating on the stock in a report on Thursday, March 6th. Williams Trading upgraded Foot Locker from a “sell” rating to a “hold” rating and increased their target price for the company from $17.00 to $21.00 in a research note on Wednesday, November 27th. Guggenheim dropped their price target on Foot Locker from $34.00 to $28.00 and set a “buy” rating on the stock in a research report on Thursday, December 5th. Piper Sandler reduced their price objective on Foot Locker from $23.00 to $19.00 and set a “neutral” rating for the company in a research report on Thursday, March 6th. Finally, Morgan Stanley dropped their target price on shares of Foot Locker from $17.00 to $16.00 and set an “underweight” rating on the stock in a research report on Friday, December 6th. Four analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Foot Locker has an average rating of “Hold” and a consensus price target of $22.81.

Foot Locker Stock Performance

NYSE:FL opened at $15.68 on Wednesday. The firm has a market capitalization of $1.49 billion, a PE ratio of -3.48, a price-to-earnings-growth ratio of 0.53 and a beta of 1.55. The company has a quick ratio of 0.45, a current ratio of 1.67 and a debt-to-equity ratio of 0.15. Foot Locker, Inc. has a 12-month low of $14.98 and a 12-month high of $33.94. The firm has a 50-day moving average price of $18.49 and a 200 day moving average price of $21.86.

Foot Locker (NYSE:FL) last issued its earnings results on Wednesday, March 5th. The athletic footwear retailer reported $0.86 earnings per share (EPS) for the quarter, topping 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 period in the prior year, the firm posted $0.38 EPS. Foot Locker’s quarterly revenue was down 5.7% compared to the same quarter last year. Research analysts anticipate that Foot Locker, Inc. will post 1.23 earnings per share for the current fiscal year.

Foot Locker 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.