LPL Financial LLC Raises Stock Position in Foot Locker, Inc. (NYSE:FL)
2025-04-26T07:16:52Z
LPL Financial LLC grew its holdings in Foot Locker, Inc. (NYSE:FL – Free Report) by 38.8% in the 4th quarter, HoldingsChannel reports. The firm owned 21,789 shares of the athletic footwear retailer’s stock after purchasing an additional 6,090 shares during th…
LPL Financial LLC grew its holdings in Foot Locker, Inc. (NYSE:FL – Free Report) by 38.8% in the 4th quarter, HoldingsChannel reports. The firm owned 21,789 shares of the athletic footwear retailer’s stock after purchasing an additional 6,090 shares during the quarter. LPL Financial LLC’s holdings in Foot Locker were worth $474,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in the business. Allspring Global Investments Holdings LLC raised its holdings in 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 worth $115,365,000 after purchasing an additional 2,500,396 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of Foot Locker by 30.4% in the 4th 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 buying an additional 333,247 shares during the last quarter. Sei Investments Co. raised its stake in Foot Locker by 140.8% during the 4th quarter. Sei Investments Co. now owns 412,988 shares of the athletic footwear retailer’s stock worth $8,987,000 after acquiring an additional 241,504 shares in the last quarter. Peregrine Capital Management LLC purchased a new stake in Foot Locker in the fourth quarter valued at $5,123,000. Finally, Jennison Associates LLC boosted its stake in Foot Locker by 25.7% in the fourth quarter. Jennison Associates LLC now owns 640,351 shares of the athletic footwear retailer’s stock valued at $13,934,000 after acquiring an additional 130,927 shares in the last quarter.
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Foot Locker Stock Performance
FL stock opened at $11.76 on Friday. The firm has a 50 day simple moving average of $14.86 and a 200 day simple moving average of $19.66. Foot Locker, Inc. has a 52 week low of $11.00 and a 52 week high of $33.94. The stock has a market cap of $1.12 billion, a P/E ratio of -2.61, a P/E/G ratio of 0.53 and a beta of 1.41. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.45 and a current ratio of 1.67.
Analyst Ratings Changes
Foot Locker ( NYSE:FL Get Free Report ) last released its quarterly earnings data on Wednesday, March 5th. The athletic footwear retailer reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.13. The firm 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 firm’s revenue was down 5.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.38 earnings per share. Research analysts anticipate that Foot Locker, Inc. will post 1.23 earnings per share for the current fiscal year.
A number of research analysts recently issued reports on FL shares. JPMorgan Chase & Co. dropped their price target on Foot Locker from $19.00 to $16.00 and set an “underweight” rating on the stock in a research note on Monday, April 14th. Evercore ISI lowered their target price on shares of Foot Locker from $22.00 to $15.00 and set an “outperform” rating on the stock in a research report on Friday, April 11th. The Goldman Sachs Group reduced their price target on shares of Foot Locker from $19.00 to $17.00 and set a “sell” rating for the company in a research report on Tuesday. Barclays set a $24.00 price objective on shares of Foot Locker in a research report on Wednesday, March 5th. Finally, UBS Group dropped their price objective on shares of Foot Locker from $22.00 to $21.00 and set a “neutral” rating on the stock in a research note on Thursday, March 6th. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $21.38.
Read Our Latest Stock Report on FL
Foot Locker Profile
(Free Report)
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.
Further Reading
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