CANADA LIFE ASSURANCE Co Has $2.20 Million Stock Holdings in Foot Locker, Inc. (NYSE:FL)

CANADA LIFE ASSURANCE Co cut its position in shares of Foot Locker, Inc. (NYSE:FL) by 4.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 101,266 shares of the athletic footwear retailer’s stock after selling 4,376 shares during the period. CANADA LIFE ASSURANCE Co’s holdings in Foot Locker were worth $2,202,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Mariner LLC increased its stake in shares of Foot Locker by 12.2% during the 4th quarter. Mariner LLC now owns 29,851 shares of the athletic footwear retailer’s stock worth $650,000 after purchasing an additional 3,242 shares during the last quarter. Summit Investment Advisors Inc. increased its stake in shares of Foot Locker by 6.9% during the 4th quarter. Summit Investment Advisors Inc. now owns 8,728 shares of the athletic footwear retailer’s stock worth $190,000 after purchasing an additional 562 shares during the last quarter. Cooper Creek Partners Management LLC acquired a new position in shares of Foot Locker during the 4th quarter worth about $30,416,000. Sterling Capital Management LLC increased its stake in shares of Foot Locker by 819.2% during the 4th quarter. Sterling Capital Management LLC now owns 2,629 shares of the athletic footwear retailer’s stock worth $57,000 after purchasing an additional 2,343 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of Foot Locker during the 4th quarter worth about $1,619,000.

Foot Locker Stock Performance

Shares of Foot Locker stock opened at $11.76 on Monday. The company has a 50 day moving average of $14.86 and a 200-day moving average of $19.61. Foot Locker, Inc. has a 1-year low of $11.00 and a 1-year high of $33.94. The company has a current ratio of 1.67, a quick ratio of 0.45 and a debt-to-equity ratio of 0.15. The company has a market cap of $1.12 billion, a PE ratio of -2.61, a price-to-earnings-growth ratio of 0.53 and a beta of 1.41.

Foot Locker (NYSE:FL) last issued its quarterly earnings results on Wednesday, March 5th. The athletic footwear retailer reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $2.25 billion during the quarter, compared to the consensus estimate of $2.32 billion. During the same quarter in the prior year, the firm posted $0.38 EPS. The firm’s quarterly revenue was down 5.7% on a year-over-year basis. As a group, equities research analysts forecast that Foot Locker, Inc. will post 1.23 earnings per share for the current fiscal year.

Analysts Set New Price Targets

FL has been the topic of a number of research reports. Evercore ISI decreased their price target on shares of Foot Locker from $22.00 to $15.00 and set an “outperform” rating on the stock in a research note on Friday, April 11th. Barclays set a $24.00 price target on shares of Foot Locker in a research note on Wednesday, March 5th. Piper Sandler decreased their price target on shares of Foot Locker from $19.00 to $12.00 and set a “neutral” rating on the stock in a research note on Friday, April 11th. Robert W. Baird decreased their price target on shares of Foot Locker from $24.00 to $20.00 and set a “neutral” rating on the stock in a research note on Thursday, March 6th. Finally, Jefferies Financial Group decreased their price target 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. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $21.38.

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.