Anthracite Investment Company Inc. Lowers Stake in Foot Locker, Inc. (NYSE:FL)

Anthracite Investment Company Inc. reduced its holdings in shares of Foot Locker, Inc. (NYSE:FL) by 29.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 71,470 shares of the athletic footwear retailer’s stock after selling 30,368 shares during the quarter. Anthracite Investment Company Inc. owned 0.08% of Foot Locker worth $1,555,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Foot Locker by 2.0% during the fourth quarter. Vanguard Group Inc. now owns 10,505,006 shares of the athletic footwear retailer’s stock worth $228,589,000 after purchasing an additional 210,832 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Foot Locker by 88.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 5,323,597 shares of the athletic footwear retailer’s stock valued at $115,365,000 after acquiring an additional 2,500,396 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Foot Locker by 1.3% during the third quarter. Geode Capital Management LLC now owns 1,908,253 shares of the athletic footwear retailer’s stock worth $49,319,000 after acquiring an additional 25,394 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of Foot Locker by 5.2% in the fourth quarter. American Century Companies Inc. now owns 1,659,206 shares of the athletic footwear retailer’s stock worth $36,104,000 after acquiring an additional 81,814 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in Foot Locker by 30.4% in the fourth quarter. Bank of New York Mellon Corp now owns 1,429,870 shares of the athletic footwear retailer’s stock valued at $31,114,000 after purchasing an additional 333,247 shares during the last quarter.

Foot Locker Trading Down 2.2 %

Shares of NYSE FL opened at $15.68 on Wednesday. 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, Inc. has a one year low of $14.98 and a one year high of $33.94. The business has a 50-day moving average price of $18.49 and a two-hundred day moving average price of $21.86. The firm has a market capitalization of $1.49 billion, a PE ratio of -3.48, a PEG ratio of 0.53 and a beta of 1.55.

Foot Locker (NYSE:FL) last posted its quarterly earnings results on Wednesday, March 5th. The athletic footwear retailer reported $0.86 EPS for the quarter, topping the consensus estimate of $0.73 by $0.13. Foot Locker had a negative net margin of 5.24% and a positive return on equity of 2.91%. The business had revenue of $2.25 billion during the quarter, compared to analysts’ expectations of $2.32 billion. During the same period last year, the company posted $0.38 earnings per share. The firm’s quarterly revenue was down 5.7% compared to the same quarter last year. As a group, analysts predict that Foot Locker, Inc. will post 1.23 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on FL. Williams Trading raised shares of Foot Locker from a “sell” rating to a “hold” rating and raised their price target for the stock from $17.00 to $21.00 in a research report on Wednesday, November 27th. Jefferies Financial Group cut their target price on shares of Foot Locker from $22.00 to $19.00 and set a “hold” rating on the stock in a research note on Wednesday, March 5th. Barclays set a $24.00 price target on Foot Locker in a report on Wednesday, March 5th. Evercore ISI decreased their price objective on shares of Foot Locker from $30.00 to $22.00 and set an “outperform” rating for the company in a report on Monday, March 3rd. Finally, Piper Sandler dropped their price objective on shares of Foot Locker from $23.00 to $19.00 and set a “neutral” rating on the stock in a research note on Thursday, March 6th. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target 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.