EFG Asset Management North America Corp. Buys 54,789 Shares of Foot Locker, Inc. (NYSE:FL)

EFG Asset Management North America Corp. boosted its stake in Foot Locker, Inc. (NYSE:FL) by 106.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 106,448 shares of the athletic footwear retailer’s stock after acquiring an additional 54,789 shares during the period. EFG Asset Management North America Corp.’s holdings in Foot Locker were worth $2,317,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Natixis Advisors LLC lifted its position in shares of Foot Locker by 8.9% during the 3rd quarter. Natixis Advisors LLC now owns 12,867 shares of the athletic footwear retailer’s stock valued at $332,000 after buying an additional 1,054 shares during the last quarter. Intech Investment Management LLC bought a new stake in Foot Locker in the 3rd quarter valued at about $829,000. Charles Schwab Investment Management Inc. lifted its holdings in Foot Locker by 3.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,113,583 shares of the athletic footwear retailer’s stock valued at $28,775,000 after purchasing an additional 38,318 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in Foot Locker during the third quarter worth about $282,000. Finally, Edgestream Partners L.P. increased its stake in shares of Foot Locker by 477.2% in the third quarter. Edgestream Partners L.P. now owns 117,602 shares of the athletic footwear retailer’s stock worth $3,039,000 after purchasing an additional 97,226 shares in the last quarter.

Foot Locker Stock Performance

Foot Locker stock opened at $15.68 on Wednesday. Foot Locker, Inc. has a fifty-two week low of $14.98 and a fifty-two week high of $33.94. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.45 and a current ratio of 1.67. The stock has a market cap of $1.49 billion, a P/E ratio of -3.48, a price-to-earnings-growth ratio of 0.53 and a beta of 1.55. The firm’s fifty day moving average price is $18.49 and its 200-day moving average price is $21.86.

Foot Locker (NYSE:FL) last released 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 positive return on equity of 2.91% and a negative net margin of 5.24%. The company’s revenue for the quarter was down 5.7% on a year-over-year basis. During the same quarter last year, the business posted $0.38 earnings per share. On average, equities research analysts expect that Foot Locker, Inc. will post 1.23 earnings per share for the current fiscal year.

Analysts Set New Price Targets

FL has been the subject of several analyst reports. Robert W. Baird cut their price objective on shares of Foot Locker from $24.00 to $20.00 and set a “neutral” rating for the company in a report on Thursday, March 6th. The Goldman Sachs Group cut their price target on Foot Locker from $25.00 to $22.00 and set a “sell” rating for the company in a report on Thursday, December 5th. UBS Group decreased their price objective on Foot Locker from $22.00 to $21.00 and set a “neutral” rating on the stock in a research note on Thursday, March 6th. Evercore ISI cut their target price on Foot Locker from $30.00 to $22.00 and set an “outperform” rating for the company in a research note on Monday, March 3rd. Finally, Barclays set a $24.00 price target on Foot Locker in a research report on Wednesday, March 5th. Four 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. According to MarketBeat, Foot Locker has a consensus rating of “Hold” and a consensus target price of $22.81.

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.