Bayberry Capital Partners LP Makes New Investment in Foot Locker, Inc. (NYSE:FL)

Bayberry Capital Partners LP purchased a new position in Foot Locker, Inc. (NYSE:FL - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 291,932 shares of the athletic footwear retailer's stock, valued at approximately $6,352,000. Foot Locker comprises approximately 2.4% of Bayberry Capital Partners LP's investment portfolio, making the stock its 15th biggest position. Bayberry Capital Partners LP owned about 0.31% of Foot Locker at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Summit Investment Advisors Inc. raised its holdings in shares of Foot Locker by 6.9% in the fourth quarter. Summit Investment Advisors Inc. now owns 8,728 shares of the athletic footwear retailer's stock worth $190,000 after buying an additional 562 shares during the last quarter. Harbour Investments Inc. raised its stake in Foot Locker by 81.6% in the 4th quarter. Harbour Investments Inc. now owns 1,442 shares of the athletic footwear retailer's stock worth $31,000 after acquiring an additional 648 shares during the last quarter. Foundry Partners LLC lifted its position in Foot Locker by 8.8% during the 4th quarter. Foundry Partners LLC now owns 12,784 shares of the athletic footwear retailer's stock worth $278,000 after acquiring an additional 1,031 shares during the period. Aster Capital Management DIFC Ltd purchased a new stake in Foot Locker during the 4th quarter valued at about $32,000. Finally, Smartleaf Asset Management LLC increased its holdings in shares of Foot Locker by 198.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,876 shares of the athletic footwear retailer's stock valued at $63,000 after purchasing an additional 1,911 shares during the period.

Foot Locker Trading Up 1.4 %

Shares of Foot Locker stock traded up $0.17 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 quick ratio of 0.45 and a current ratio of 1.67. The firm has a market cap of $1.13 billion, a PE ratio of -2.63, a PEG ratio of 0.53 and a beta of 1.42. The firm's 50 day moving average price is $13.97 and its two-hundred day moving average price is $19.02. Foot Locker, Inc. has a 52-week low of $11.00 and a 52-week high of $33.94.

Foot Locker (NYSE:FL - Get Free Report) last posted its quarterly earnings data on Wednesday, March 5th. The athletic footwear retailer reported $0.86 EPS for the quarter, beating the consensus estimate of $0.73 by $0.13. The business had revenue of $2.25 billion during the quarter, compared to analyst estimates of $2.32 billion. Foot Locker had a negative net margin of 5.24% and a positive return on equity of 2.91%. The business's revenue for the quarter was down 5.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.38 earnings per share. Sell-side analysts predict that Foot Locker, Inc. will post 1.23 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have commented on FL. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $24.00 price target on shares of Foot Locker in a report on Wednesday, March 5th. Citigroup lowered Foot Locker from a "neutral" rating to a "mixed" rating in a report on Tuesday. Morgan Stanley reduced their price target on Foot Locker from $16.00 to $14.00 and set an "underweight" rating for the company in a research report on Tuesday. Evercore ISI dropped their price objective 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. Finally, StockNews.com lowered shares of Foot Locker from a "hold" rating to a "sell" rating in a report on Friday, April 11th. Four investment 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. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $21.25.

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.