Landscape Capital Management L.L.C. Takes $5.31 Million Position in Foot Locker, Inc. $FL

Key Points

• Landscape Capital Management L.L.C. acquired 376,698 shares of Foot Locker, Inc. valued at approximately $5.31 million, representing 0.40% of the company.
• Foot Locker's recent earnings report indicated a loss of ($0.27) EPS for the quarter, missing the consensus estimate of $0.05 by a significant margin.
• The stock currently has a market cap of $2.53 billion and a 1-year low of $11.00, with analysts suggesting an average target price of $21.20 and a rating of "Hold".

Landscape Capital Management L.L.C. purchased a new position in shares of Foot Locker, Inc. (NYSE:FL - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 376,698 shares of the athletic footwear retailer's stock, valued at approximately $5,311,000. Landscape Capital Management L.L.C. owned about 0.40% of Foot Locker at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. FORA Capital LLC purchased a new position in shares of Foot Locker during the 1st quarter worth $154,000. Cramer Rosenthal Mcglynn LLC lifted its stake in shares of Foot Locker by 8.5% during the 1st quarter. Cramer Rosenthal Mcglynn LLC now owns 1,736,845 shares of the athletic footwear retailer's stock valued at $24,490,000 after buying an additional 135,982 shares in the last quarter. Quantitative Investment Management LLC lifted its stake in shares of Foot Locker by 310.4% during the 1st quarter. Quantitative Investment Management LLC now owns 76,375 shares of the athletic footwear retailer's stock valued at $1,076,000 after buying an additional 57,767 shares in the last quarter. Jump Financial LLC lifted its stake in shares of Foot Locker by 691.4% during the 1st quarter. Jump Financial LLC now owns 472,118 shares of the athletic footwear retailer's stock valued at $6,657,000 after buying an additional 412,461 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in shares of Foot Locker by 100,166.7% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 6,016 shares of the athletic footwear retailer's stock valued at $85,000 after buying an additional 6,010 shares in the last quarter.

Foot Locker Price Performance

NYSE FL traded down $0.35 on Friday, reaching $24.72. The company had a trading volume of 9,427,716 shares, compared to its average volume of 5,146,818. The company has a quick ratio of 0.49, a current ratio of 1.59 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $2.36 billion, a PE ratio of -6.13, a price-to-earnings-growth ratio of 2.07 and a beta of 1.75. The firm's 50 day moving average price is $25.18 and its 200 day moving average price is $20.08. Foot Locker, Inc. has a 12 month low of $11.00 and a 12 month high of $31.43.

Foot Locker (NYSE:FL - Get Free Report) last announced its quarterly earnings results on Wednesday, August 27th. The athletic footwear retailer reported ($0.27) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.05 by ($0.32). The company had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.87 billion. Foot Locker had a negative net margin of 4.90% and a positive return on equity of 2.92%. The business's revenue was down 2.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.05) earnings per share. As a group, equities analysts predict that Foot Locker, Inc. will post 1.23 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Needham & Company LLC restated a "hold" rating on shares of Foot Locker in a research note on Wednesday. Barclays cut shares of Foot Locker from an "overweight" rating to an "equal weight" rating in a research note on Thursday, May 29th. Citigroup lifted their target price on shares of Foot Locker from $20.00 to $24.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. Wall Street Zen cut shares of Foot Locker to a "strong sell" rating in a research note on Saturday. Finally, Gordon Haskett cut shares of Foot Locker from a "moderate buy" rating to a "hold" rating in a research note on Thursday, May 15th. Two research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, Foot Locker currently has an average rating of "Hold" and an average target price of $21.33.

Insider Buying and Selling at Foot Locker

In other news, CAO Giovanna Cipriano sold 22,383 shares of the company's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $24.90, for a total transaction of $557,336.70. Following the sale, the chief accounting officer directly owned 93,895 shares in the company, valued at approximately $2,337,985.50. This represents a 19.25% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.89% of the stock is currently owned by company insiders.

About Foot Locker

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.