Caxton Associates LLP Takes $615,000 Position in Foot Locker, Inc. $FL

Key Points

• Caxton Associates LLP acquired a new stake in Foot Locker, purchasing 43,617 shares valued at approximately $615,000 during the first quarter.
• Institutional investors have been actively adjusting their positions in Foot Locker, with Ameriprise Financial increasing its holdings by 66.5% and GAMMA Investing LLC by 250.6%.
• Foot Locker's recent earnings report missed consensus estimates, reporting an EPS of ($0.27) and experiencing a 2.3% drop in quarterly revenue compared to last year.

Caxton Associates LLP acquired a new stake in shares of Foot Locker, Inc. (NYSE:FL - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 43,617 shares of the athletic footwear retailer's stock, valued at approximately $615,000.

Several other large investors have also added to or reduced their stakes in the business. Ameriprise Financial Inc. increased its holdings in Foot Locker by 66.5% during the 4th quarter. Ameriprise Financial Inc. now owns 541,659 shares of the athletic footwear retailer's stock worth $11,786,000 after purchasing an additional 216,352 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Foot Locker by 2.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,207,430 shares of the athletic footwear retailer's stock worth $17,025,000 after buying an additional 30,981 shares in the last quarter. Vontobel Holding Ltd. grew its holdings in Foot Locker by 55.0% during the first quarter. Vontobel Holding Ltd. now owns 46,847 shares of the athletic footwear retailer's stock worth $661,000 after buying an additional 16,618 shares in the last quarter. GAMMA Investing LLC raised its position in Foot Locker by 250.6% in the 1st 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 during the last quarter. Finally, Teacher Retirement System of Texas purchased a new position in Foot Locker during the 1st quarter worth $176,000.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on FL shares. Telsey Advisory Group reissued a "market perform" rating and set a $24.00 price target on shares of Foot Locker in a research report on Tuesday, September 9th. Needham & Company LLC restated a "hold" rating on shares of Foot Locker in a research note on Wednesday, August 27th. Barclays lowered Foot Locker from an "overweight" rating to an "equal weight" rating in a report on Thursday, May 29th. Zacks Research upgraded Foot Locker from a "strong sell" rating to a "hold" rating in a report on Monday, August 18th. Finally, Wall Street Zen downgraded Foot Locker to a "strong sell" rating in a research note on Saturday, August 30th. Two equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $21.33.

Foot Locker Stock Down 0.3%

Shares of FL stock traded down $0.08 during trading hours on Wednesday, reaching $24.03. 8,308,221 shares of the company's stock were exchanged, compared to its average volume of 5,609,406. Foot Locker, Inc. has a fifty-two week low of $11.00 and a fifty-two week high of $29.24. The stock's 50 day moving average is $25.08 and its 200-day moving average is $20.53. The company has a current ratio of 1.59, a quick ratio of 0.45 and a debt-to-equity ratio of 0.17. The company has a market cap of $2.30 billion, a price-to-earnings ratio of -5.96, a P/E/G ratio of 2.17 and a beta of 1.79.

Foot Locker (NYSE:FL - Get Free Report) last announced its earnings results on Wednesday, August 27th. The athletic footwear retailer reported ($0.27) earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $1.86 billion for the quarter, compared to analysts' expectations of $1.87 billion. During the same quarter last year, the firm earned ($0.05) earnings per share. The firm's quarterly revenue was down 2.3% compared to the same quarter last year. Analysts predict that Foot Locker, Inc. will post 1.23 earnings per share for the current fiscal year.

Insider Activity

In related news, CAO Giovanna Cipriano sold 22,383 shares of the stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $24.90, for a total value of $557,336.70. Following the completion of the transaction, the chief accounting officer directly owned 93,895 shares of the company's stock, valued at $2,337,985.50. This trade represents a 19.25% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, President Franklin Bracken sold 14,922 shares of Foot Locker stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $24.50, for a total transaction of $365,589.00. Following the completion of the sale, the president owned 213,496 shares of the company's stock, valued at $5,230,652. This trade represents a 6.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company's stock.

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.