BlackRock Fund Advisors has recently announced that it has increased stake in Foot Locker Inc. (NYSE:FL) by 22.13%. After grabbing 8.64 million shares, the institutional investor is now in possession of 1.57 million shares of the Consumer Cyclical Company. The new investment brought the stake of investor firm to 9.26% having worth around $273.86 million. Moreover, Dimensional Fund Advisors LP increased its share by 0.31 million to have a control over 5.03 million shares. And LSV Asset Management raised its holdings to 70700.0 shares by acquiring 4.49 million shares or 4.82% of the stake.
Foot Locker Inc. (FL) concluded trading on 11/17/22 at a closing price of $33.00, with 5.24 million shares of worth about $172.89 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 8.91% during that period and on Thursday the price saw a gain of about 5.00%. Currently the company’s common shares owned by public are about 94.10M shares, out of which, 91.66M shares are available for trading.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 99 times over the past 12 months. They bought 629,296 shares in 75 of the transactions. In 24 selling transactions, insiders dumped 1,098,004 shares.
Fidelity Low Priced Stock Fund, Vanguard Total Stock Market Index, and iShares Core S&P Mid Cap ETF are the top 3 mutual funds which are holding stakes in Foot Locker Inc. Fidelity Low Priced Stock Fund is currently holding 6.4 million shares of worth totaling $202.88 million. The company recently came buying 100000.0 shares which brought its stake up to 6.86% of the company’s outstanding shares. Vanguard Total Stock Market Index sold 59472.0 shares, after which its hold over company’s outstanding shares shrunk to 2.99%, leaving 2.79 million shares with the mutual fund that have a worth of about $88.47 million. iShares Core S&P Mid Cap ETF, after buying 2.42 million shares, have now control over 2.59% of the stake in the company. It holds 940.0 shares of worth $76.58 million.
However, the stock later moved at a day high price of 33.19, or with a gain of 5.00%. Stock saw a price change of 2.10% in past 5 days and over the past one month there was a price change of 3.16%. Year-to-date (YTD), FL shares are showing a performance of -24.36% which decreased to -40.64% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $23.85 but also hit the highest price of $57.76 during that period. The average intraday trading volume for Foot Locker Inc. shares is 2.85 million. The stock is currently trading 4.14% above its 20-day simple moving average (SMA20), while that difference is down -1.24% for SMA50 and it goes to 3.13% higher than SMA200.
BlackRock Fund Advisors acquired 8.64 million shares of Foot Locker Inc. having value of about $273.86 million. Data submitted at the U.S SEC by BlackRock Fund Advisors revealed that the firm now holds 1.57 million shares in the company valued at close to $51654042.0, or have control over 22.13% stake in the company. Foot Locker Inc. (NYSE: FL) currently have 94.10M outstanding shares and institutions hold larger chunk of about 99.85% of that. Holding of mutual funds in the company is about 41.41% while other institutional holders and individual stake holders have control over 46.75% and 16.84% of the stake respectively.
The stock has a current market capitalization of $2.99B and its 3Y-monthly beta is at 1.17. PE ratio of stock for trailing 12 months is 6.74, while it has posted earnings per share of $4.89 in the same period. Its PEG reads 0.21 and has Quick Ratio of 0.40 while making debt-to-equity ratio of 0.14. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for FL, volatility over the week remained 5.16% while standing at 4.43% over the month.
Analysts are in expectations that Foot Locker Inc. (FL) stock would likely to be making an EPS of $1.13 in the current quarter, while forecast for next quarter EPS is $0.5 and it is $4.11 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.62 which is $1.47 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $1.93 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 179.90% while it is estimated to decrease by -5.37% in next year. EPS is likely to grow at an annualized rate of 32.72% for next 5-years, compared to annual growth of 11.80% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Morgan Stanley on August 22, 2022 offering an Equal-weight rating for the stock and assigned a target price range of between $24 and $36 to it. On August 19, 2022, JP Morgan Upgrade their recommendations, while on August 19, 2022, Citigroup Upgrade their ratings for the stock with a price target of $38. Stock get a Neutral rating from BofA Securities on August 19, 2022.