Foot Locker, Inc. $FL Shares Purchased by Dynamic Technology Lab Private Ltd

Key Points

• Dynamic Technology Lab Private Ltd increased its stake in Foot Locker, Inc. by 343.5%, owning 126,432 shares worth approximately $1.78 million as of the latest SEC filing.
• Insider trading activity included President Franklin Bracken selling 14,922 shares at an average price of $24.50, reducing his ownership by 6.53%.
• Foot Locker reported a quarterly loss of ($0.27) EPS, missing analysts' expectations, with revenue of $1.86 billion, down 2.3% from the previous year.

Dynamic Technology Lab Private Ltd boosted its holdings in shares of Foot Locker, Inc. (NYSE:FL - Free Report) by 343.5% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 126,432 shares of the athletic footwear retailer's stock after purchasing an additional 97,924 shares during the quarter. Dynamic Technology Lab Private Ltd owned approximately 0.13% of Foot Locker worth $1,783,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD boosted its stake in Foot Locker by 9.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 62,216 shares of the athletic footwear retailer's stock valued at $1,354,000 after acquiring an additional 5,593 shares during the last quarter. Northern Trust Corp raised its stake in shares of Foot Locker by 9.1% in the 4th quarter. Northern Trust Corp now owns 982,740 shares of the athletic footwear retailer's stock valued at $21,384,000 after purchasing an additional 81,735 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of Foot Locker by 66.5% during the fourth 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 during the last quarter. Baird Financial Group Inc. acquired a new position in Foot Locker in the fourth quarter worth about $312,000. Finally, Brevan Howard Capital Management LP bought a new stake in Foot Locker in the fourth quarter valued at about $406,000.

Insider Buying and Selling

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

Foot Locker Stock Performance

Shares of NYSE FL traded down $0.08 during midday trading on Wednesday, reaching $24.03. 8,308,221 shares of the company traded hands, compared to its average volume of 5,609,406. The stock has a 50-day moving average price of $25.16 and a 200 day moving average price of $20.31. The company has a market cap of $2.30 billion, a price-to-earnings ratio of -5.96, a PEG ratio of 2.17 and a beta of 1.79. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.59 and a quick ratio of 0.45. Foot Locker, Inc. has a 52 week low of $11.00 and a 52 week high of $29.24.

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

Analysts Set New Price Targets

A number of research firms have commented on FL. Needham & Company LLC reaffirmed a "hold" rating on shares of Foot Locker in a report on Wednesday, August 27th. Citigroup raised their price objective on Foot Locker from $20.00 to $24.00 and gave the stock a "neutral" rating in a research note on Friday, May 16th. Barclays lowered shares of Foot Locker from an "overweight" rating to an "equal weight" rating in a research note on Thursday, May 29th. Telsey Advisory Group restated a "market perform" rating and issued a $24.00 price target on shares of Foot Locker in a research report on Tuesday. Finally, Wall Street Zen downgraded shares of Foot Locker to a "strong sell" rating in a research report on Saturday, August 30th. Two analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $21.33.

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.