Prudential Financial Inc. Buys 127,900 Shares of Foot Locker, Inc. (NYSE:FL)

Prudential Financial Inc. boosted its stake in shares of Foot Locker, Inc. (NYSE:FL) by 30.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 547,806 shares of the athletic footwear retailer’s stock after buying an additional 127,900 shares during the quarter. Prudential Financial Inc. owned approximately 0.58% of Foot Locker worth $11,920,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Harbour Investments Inc. increased its position in shares of 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 acquiring an additional 648 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in Foot Locker during the 3rd quarter worth $58,000. R Squared Ltd bought a new stake in Foot Locker during the 4th quarter valued at $50,000. Smartleaf Asset Management LLC lifted its holdings in shares of Foot Locker by 198.0% in the 4th 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 period. Finally, Point72 Asia Singapore Pte. Ltd. lifted its holdings in shares of Foot Locker by 32.5% in 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.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Piper Sandler decreased their price objective on Foot Locker from $23.00 to $19.00 and set a “neutral” rating for the company in a report on Thursday, March 6th. Barclays set a $24.00 price target on shares of Foot Locker in a research report on Wednesday, March 5th. Morgan Stanley cut their price objective on shares of Foot Locker from $17.00 to $16.00 and set an “underweight” rating on the stock in a report on Friday, December 6th. JPMorgan Chase & Co. lowered their target price on Foot Locker from $23.00 to $20.00 and set an “underweight” rating for the company in a report on Friday, January 24th. Finally, UBS Group cut their price target on Foot Locker from $22.00 to $21.00 and set a “neutral” rating on the stock in a report on Thursday, March 6th. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $22.81.

Foot Locker Stock Down 4.9 %

NYSE:FL opened at $14.52 on Friday. 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 twelve month low of $14.34 and a twelve month high of $33.94. The company has a market cap of $1.38 billion, a PE ratio of -3.22, a P/E/G ratio of 0.53 and a beta of 1.55. The company’s 50 day moving average is $18.15 and its two-hundred day moving average is $21.69.

Foot Locker (NYSE:FL) last announced its quarterly earnings data 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 firm had revenue of $2.25 billion for the quarter, compared to analyst estimates of $2.32 billion. Foot Locker had a negative net margin of 5.24% and a positive return on equity of 2.91%. The business’s quarterly revenue 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. Analysts anticipate that Foot Locker, Inc. will post 1.23 EPS for the current year.

About Foot Locker

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.