Bastion Asset Management Inc. Makes New Investment in Foot Locker, Inc. (NYSE:FL)

Bastion Asset Management Inc. bought a new stake in Foot Locker, Inc. (NYSE:FL - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 60,157 shares of the athletic footwear retailer's stock, valued at approximately $1,383,000. Bastion Asset Management Inc. owned 0.06% of Foot Locker at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FL. Harbour Investments Inc. increased its holdings in shares of Foot Locker by 81.6% in the fourth quarter. Harbour Investments Inc. now owns 1,442 shares of the athletic footwear retailer's stock valued at $31,000 after purchasing an additional 648 shares during the period. Aster Capital Management DIFC Ltd acquired a new stake in shares of Foot Locker during the fourth quarter worth about $32,000. R Squared Ltd purchased a new stake in Foot Locker in the fourth quarter valued at approximately $50,000. Sterling Capital Management LLC increased its holdings in Foot Locker by 819.2% in the 4th quarter. Sterling Capital Management LLC now owns 2,629 shares of the athletic footwear retailer's stock worth $57,000 after buying an additional 2,343 shares during the period. Finally, Wilmington Savings Fund Society FSB purchased a new position in Foot Locker during the 3rd quarter worth approximately $58,000.

Wall Street Analysts Forecast Growth

FL has been the topic of a number of research reports. The Goldman Sachs Group cut their price objective on shares of Foot Locker from $19.00 to $17.00 and set a "sell" rating on the stock in a research note on Tuesday, April 22nd. UBS Group reduced their price objective on Foot Locker from $22.00 to $21.00 and set a "neutral" rating for the company in a research note on Thursday, March 6th. Barclays set a $24.00 target price on Foot Locker in a research note on Wednesday, March 5th. StockNews.com cut Foot Locker from a "hold" rating to a "sell" rating in a research report on Friday, April 11th. Finally, Robert W. Baird lowered their price objective on Foot Locker from $24.00 to $20.00 and set a "neutral" rating on the stock in a research report on Thursday, March 6th. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, Foot Locker currently has an average rating of "Hold" and a consensus price target of $21.25.

Foot Locker Price Performance

Foot Locker stock traded up $0.17 during midday trading on Wednesday, reaching $11.87. The company had a trading volume of 3,273,618 shares, compared to its average volume of 3,490,368. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.67 and a quick ratio of 0.45. Foot Locker, Inc. has a 12-month low of $11.00 and a 12-month high of $33.94. The company has a market capitalization of $1.13 billion, a P/E ratio of -2.63, a P/E/G ratio of 0.53 and a beta of 1.42. The firm's fifty day simple moving average is $13.97 and its 200-day simple moving average is $19.02.

Foot Locker (NYSE:FL - Get Free Report) last posted 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 for the quarter, compared to the consensus estimate of $2.32 billion. During the same quarter last year, the firm posted $0.38 earnings per share. Foot Locker's revenue was down 5.7% on a year-over-year basis. As a group, equities analysts anticipate that Foot Locker, Inc. will post 1.23 EPS 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.