State of New Jersey Common Pension Fund D Decreases Position in Foot Locker, Inc. (NYSE:FL)

State of New Jersey Common Pension Fund D lessened its holdings in shares of Foot Locker, Inc. (NYSE:FL) by 22.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 104,971 shares of the athletic footwear retailer’s stock after selling 29,713 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Foot Locker were worth $3,270,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Atria Wealth Solutions Inc. acquired a new position in shares of Foot Locker in the 4th quarter valued at $210,000. Yousif Capital Management LLC grew its position in Foot Locker by 0.9% during the 4th quarter. Yousif Capital Management LLC now owns 44,686 shares of the athletic footwear retailer’s stock worth $1,392,000 after purchasing an additional 380 shares during the period. New York State Common Retirement Fund grew its position in Foot Locker by 1.1% during the 4th quarter. New York State Common Retirement Fund now owns 33,635 shares of the athletic footwear retailer’s stock worth $1,048,000 after purchasing an additional 353 shares during the period. Illinois Municipal Retirement Fund acquired a new stake in Foot Locker during the 4th quarter worth about $1,439,000. Finally, CWM LLC grew its position in Foot Locker by 26.7% during the 4th quarter. CWM LLC now owns 1,836 shares of the athletic footwear retailer’s stock worth $57,000 after purchasing an additional 387 shares during the period.

Wall Street Analyst Weigh In

A number of research firms have recently commented on FL. Guggenheim dropped their target price on Foot Locker from $35.00 to $30.00 and set a “buy” rating on the stock in a research report on Thursday, March 7th. Piper Sandler decreased their price target on shares of Foot Locker from $37.00 to $31.00 and set an “overweight” rating on the stock in a research note on Thursday, March 7th. Citigroup raised shares of Foot Locker from a “sell” rating to a “neutral” rating and raised their price target for the company from $19.00 to $24.00 in a research note on Friday, March 22nd. UBS Group raised shares of Foot Locker from a “sell” rating to a “neutral” rating and raised their price target for the company from $12.00 to $23.00 in a research note on Monday, March 11th. Finally, Barclays decreased their price target on shares of Foot Locker from $26.00 to $22.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 7th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Foot Locker has an average rating of “Hold” and an average target price of $24.94.

Foot Locker Stock Up 0.2 %

Shares of NYSE FL opened at $21.98 on Friday. The company has a 50 day simple moving average of $26.27 and a 200-day simple moving average of $26.34. The company has a market capitalization of $2.08 billion, a P/E ratio of -6.28, a P/E/G ratio of 0.52 and a beta of 1.43. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.72 and a quick ratio of 0.55. Foot Locker, Inc. has a 1 year low of $14.84 and a 1 year high of $42.79.

Foot Locker (NYSE:FL) last posted its earnings results on Wednesday, March 6th. The athletic footwear retailer reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.04. The firm had revenue of $2.38 billion during the quarter, compared to the consensus estimate of $2.28 billion. Foot Locker had a negative net margin of 4.04% and a positive return on equity of 4.25%. The firm’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.97 EPS. On average, equities research analysts predict that Foot Locker, Inc. will post 1.56 earnings per share for the current year.

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.