Readystate Asset Management LP bought a new stake in Foot Locker, Inc. (NYSE:FL - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 25,609 shares of the athletic footwear retailer's stock, valued at approximately $361,000.
Several other institutional investors and hedge funds have also bought and sold shares of FL. Hussman Strategic Advisors Inc. bought a new position in shares of Foot Locker during the 1st quarter worth approximately $888,000. Segall Bryant & Hamill LLC increased its position in shares of Foot Locker by 26.4% during the 1st quarter. Segall Bryant & Hamill LLC now owns 1,082,713 shares of the athletic footwear retailer's stock valued at $15,266,000 after purchasing an additional 226,111 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of Foot Locker by 29.2% during the 1st quarter. Victory Capital Management Inc. now owns 20,577 shares of the athletic footwear retailer's stock valued at $290,000 after purchasing an additional 4,646 shares during the last quarter. Signaturefd LLC increased its holdings in Foot Locker by 27.2% in the 1st quarter. Signaturefd LLC now owns 4,579 shares of the athletic footwear retailer's stock worth $65,000 after acquiring an additional 980 shares during the last quarter. Finally, Principal Financial Group Inc. increased its holdings in Foot Locker by 2.7% in the 1st quarter. Principal Financial Group Inc. now owns 411,173 shares of the athletic footwear retailer's stock worth $5,798,000 after acquiring an additional 10,940 shares during the last quarter.
Foot Locker Trading Up 0.5%
Shares of NYSE FL traded up $0.13 during trading on Monday, hitting $25.62. 304,013 shares of the company traded hands, compared to its average volume of 4,685,791. The company has a 50-day moving average price of $24.40 and a 200-day moving average price of $19.12. The company has a quick ratio of 0.49, a current ratio of 1.64 and a debt-to-equity ratio of 0.17. Foot Locker, Inc. has a 1 year low of $11.00 and a 1 year high of $33.94. The firm has a market capitalization of $2.44 billion, a P/E ratio of -6.80, a P/E/G ratio of 2.13 and a beta of 1.72.
Foot Locker (NYSE:FL - Get Free Report) last announced its quarterly earnings data on Thursday, May 29th. The athletic footwear retailer reported ($0.07) earnings per share for the quarter, meeting analysts' consensus estimates of ($0.07). The business had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.86 billion. Foot Locker had a negative net margin of 4.54% and a positive return on equity of 3.65%. The company's revenue for the quarter was down 4.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.22 EPS. On average, equities analysts predict that Foot Locker, Inc. will post 1.23 EPS for the current year.
Insider Transactions at Foot Locker
In other news, CAO Giovanna Cipriano sold 22,383 shares of the stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $24.90, for a total transaction of $557,336.70. Following the transaction, the chief accounting officer owned 93,895 shares in the company, valued at $2,337,985.50. This represents a 19.25% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.20% of the stock is currently owned by insiders.
Analysts Set New Price Targets
A number of research analysts have weighed in on FL shares. Piper Sandler reduced their target price on Foot Locker from $19.00 to $12.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Evercore ISI dropped their target price on Foot Locker from $22.00 to $15.00 and set an "outperform" rating for the company in a research report on Friday, April 11th. Gordon Haskett cut Foot Locker from a "moderate buy" rating to a "hold" rating in a research note on Thursday, May 15th. Needham & Company LLC set a $24.00 target price on Foot Locker in a research note on Thursday, May 29th. Finally, Morgan Stanley reduced their price target on Foot Locker from $16.00 to $14.00 and set an "underweight" rating on the stock in a research note on Tuesday, May 6th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, Foot Locker currently has a consensus rating of "Hold" and an average price target of $21.20.
Read Our Latest Stock Report on FL
About Foot Locker
(
Free Report)
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.
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