EFG Asset Management North America Corp. Has $2.32 Million Holdings in Foot Locker, Inc. (NYSE:FL)

EFG Asset Management North America Corp. increased its position in shares of Foot Locker, Inc. (NYSE:FL) by 106.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 106,448 shares of the athletic footwear retailer’s stock after purchasing an additional 54,789 shares during the quarter. EFG Asset Management North America Corp. owned 0.11% of Foot Locker worth $2,317,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of FL. Harbour Investments Inc. raised 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 worth $31,000 after buying an additional 648 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. grew its position in Foot Locker by 32.5% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,267 shares of the athletic footwear retailer’s stock valued at $84,000 after acquiring an additional 801 shares during the last quarter. Natixis Advisors LLC raised its stake in Foot Locker by 8.9% during the third quarter. Natixis Advisors LLC now owns 12,867 shares of the athletic footwear retailer’s stock worth $332,000 after acquiring an additional 1,054 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings 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 acquiring an additional 1,911 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Foot Locker in the 3rd quarter valued at approximately $58,000.

Foot Locker Price Performance

FL opened at $15.68 on Wednesday. Foot Locker, Inc. has a 1 year low of $14.98 and a 1 year high of $33.94. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.67 and a quick ratio of 0.45. The company has a market capitalization of $1.49 billion, a price-to-earnings ratio of -3.48, a P/E/G ratio of 0.53 and a beta of 1.55. The firm’s fifty day moving average price is $18.49 and its two-hundred 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, topping the consensus estimate of $0.73 by $0.13. The business had revenue of $2.25 billion for the quarter, compared to analysts’ expectations of $2.32 billion. Foot Locker had a negative net margin of 5.24% and a positive return on equity of 2.91%. The firm’s revenue for the quarter was down 5.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.38 earnings per share. As a group, analysts anticipate that Foot Locker, Inc. will post 1.23 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Needham & Company LLC reiterated a “buy” rating and set a $24.00 price objective on shares of Foot Locker in a research report on Wednesday, March 5th. Morgan Stanley lowered their price target on shares of Foot Locker from $17.00 to $16.00 and set an “underweight” rating for the company in a report on Friday, December 6th. JPMorgan Chase & Co. cut their price objective on Foot Locker from $23.00 to $20.00 and set an “underweight” rating on the stock in a report on Friday, January 24th. Barclays set a $24.00 target price on Foot Locker in a report on Wednesday, March 5th. Finally, UBS Group reduced 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. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $22.81.

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.