Bayforest Capital Ltd Has $207,000 Stock Holdings in Foot Locker, Inc. $FL

Key Points

• Bayforest Capital Ltd increased its holdings in Foot Locker, Inc. by 246.8%, owning 14,682 shares, which were worth $207,000 at the end of the most recent reporting period.
• Foot Locker's earnings report indicated a loss of ($0.27) per share for the quarter, missing analysts' expectations of $0.05, with revenue dropping 2.3% year-over-year.
• Analysts have mixed reviews on Foot Locker, with a consensus target price of $21.33 and ratings ranging from Buy to Sell.

Bayforest Capital Ltd grew its holdings in Foot Locker, Inc. (NYSE:FL - Free Report) by 246.8% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 14,682 shares of the athletic footwear retailer's stock after buying an additional 10,449 shares during the quarter. Bayforest Capital Ltd's holdings in Foot Locker were worth $207,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Signaturefd LLC increased its stake in shares of Foot Locker by 27.2% in the first quarter. Signaturefd LLC now owns 4,579 shares of the athletic footwear retailer's stock valued at $65,000 after buying an additional 980 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Foot Locker by 250.6% in the first quarter. GAMMA Investing LLC now owns 2,468 shares of the athletic footwear retailer's stock valued at $35,000 after buying an additional 1,764 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Foot Locker by 3.9% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 47,462 shares of the athletic footwear retailer's stock valued at $1,033,000 after buying an additional 1,786 shares in the last quarter. Investors Research Corp increased its stake in shares of Foot Locker by 19.7% in the first quarter. Investors Research Corp now owns 11,529 shares of the athletic footwear retailer's stock valued at $163,000 after buying an additional 1,900 shares in the last quarter. Finally, Nuveen Asset Management LLC increased its stake in shares of Foot Locker by 1.0% in the fourth quarter. Nuveen Asset Management LLC now owns 259,723 shares of the athletic footwear retailer's stock valued at $5,652,000 after buying an additional 2,663 shares in the last quarter.

Insider Transactions at Foot Locker

In other Foot Locker news, CAO Giovanna Cipriano sold 22,383 shares of the firm's stock in a transaction dated Tuesday, July 1st. The stock was 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 approximately $2,337,985.50. This trade represents a 19.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Franklin Bracken sold 14,922 shares of the firm's stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $24.50, for a total value of $365,589.00. Following the transaction, the president owned 213,496 shares in the company, valued at approximately $5,230,652. This trade represents a 6.53% decrease in their position. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by company insiders.

Foot Locker Price Performance

Shares of FL opened at $24.03 on Friday. The company has a current ratio of 1.59, a quick ratio of 0.45 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 $29.24. The stock has a market cap of $2.30 billion, a P/E ratio of -5.96, a price-to-earnings-growth ratio of 2.17 and a beta of 1.79. The stock's 50-day moving average price is $25.13 and its two-hundred day moving average price is $20.37.

Foot Locker (NYSE:FL - Get Free Report) last issued its 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). Foot Locker had a positive return on equity of 2.92% and a negative net margin of 4.90%.The company had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter last year, the business posted ($0.05) EPS. Foot Locker's quarterly revenue was down 2.3% on a year-over-year basis. On average, 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 analysts have recently weighed in on the company. Telsey Advisory Group restated a "market perform" rating and issued a $24.00 target price on shares of Foot Locker in a research note on Tuesday. Wall Street Zen lowered Foot Locker to a "strong sell" rating in a research report on Saturday, August 30th. JPMorgan Chase & Co. upgraded Foot Locker from an "underweight" rating to a "neutral" rating and lifted their price objective for the stock from $16.00 to $24.00 in a research report on Thursday, May 15th. Gordon Haskett lowered Foot Locker from a "moderate buy" rating to a "hold" rating in a research report on Thursday, May 15th. Finally, Citigroup lifted their price objective on Foot Locker from $20.00 to $24.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. Two investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, Foot Locker has an average rating of "Hold" and a consensus target price of $21.33.

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.

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