Allspring Global Investments Holdings LLC Boosts Holdings in Foot Locker, Inc. (NYSE:FL)

Allspring Global Investments Holdings LLC increased its position in Foot Locker, Inc. (NYSE:FL) by 88.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 5,323,597 shares of the athletic footwear retailer’s stock after buying an additional 2,500,396 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.06% of Foot Locker worth $115,365,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. nVerses Capital LLC acquired a new position in Foot Locker in the 3rd quarter worth $47,000. R Squared Ltd acquired a new position in shares of Foot Locker in the fourth quarter worth about $50,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Foot Locker in the third quarter worth about $58,000. Blue Trust Inc. boosted its holdings in Foot Locker by 537.0% in the third quarter. Blue Trust Inc. now owns 2,981 shares of the athletic footwear retailer’s stock valued at $74,000 after purchasing an additional 2,513 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. grew its stake in Foot Locker by 32.5% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,267 shares of the athletic footwear retailer’s stock valued at $84,000 after purchasing an additional 801 shares in the last quarter.

Foot Locker Stock Performance

NYSE FL opened at $19.25 on Thursday. The company has a 50-day moving average price of $20.93 and a two-hundred day moving average price of $24.49. Foot Locker, Inc. has a 52 week low of $18.04 and a 52 week high of $35.60. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.45 and a current ratio of 1.67.

Foot Locker (NYSE:FL) last issued its quarterly earnings data on Wednesday, December 4th. The athletic footwear retailer reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.07). Foot Locker had a positive return on equity of 2.91% and a negative net margin of 5.24%. The business had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $2.01 billion. During the same period last year, the company earned $0.30 earnings per share. The business’s quarterly revenue was down 1.4% compared to the same quarter last year. Sell-side analysts expect that Foot Locker, Inc. will post 1.23 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Piper Sandler cut their target price on Foot Locker from $30.00 to $28.00 and set a “neutral” rating on the stock in a research report on Monday, December 2nd. Needham & Company LLC reduced their price objective on shares of Foot Locker from $25.00 to $24.00 and set a “buy” rating on the stock in a research note on Friday, January 24th. Williams Trading upgraded Foot Locker from a “sell” rating to a “hold” rating and lifted their target price for the stock from $17.00 to $21.00 in a research report on Wednesday, November 27th. Evercore ISI decreased their price objective on shares of Foot Locker from $38.00 to $32.00 and set an “outperform” rating for the company in a report on Tuesday, November 26th. Finally, Barclays lowered their target price on shares of Foot Locker from $34.00 to $29.00 and set an “overweight” rating for the company in a research note on Friday, December 6th. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $24.94.

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.