SG Americas Securities LLC Purchases 91,708 Shares of Foot Locker, Inc. (NYSE:FL)

SG Americas Securities LLC boosted its stake in Foot Locker, Inc. (NYSE:FL - Free Report) by 1,391.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 98,301 shares of the athletic footwear retailer's stock after purchasing an additional 91,708 shares during the quarter. SG Americas Securities LLC owned about 0.10% of Foot Locker worth $1,386,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Cramer Rosenthal Mcglynn LLC bought a new stake in Foot Locker during the fourth quarter worth $34,835,000. Cooper Creek Partners Management LLC purchased a new position in Foot Locker during the 4th quarter worth $30,416,000. Segall Bryant & Hamill LLC purchased a new position in Foot Locker during the 4th quarter worth $18,640,000. Jacobs Levy Equity Management Inc. boosted its holdings in Foot Locker by 67.9% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 1,906,406 shares of the athletic footwear retailer's stock worth $41,483,000 after acquiring an additional 770,932 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in Foot Locker by 30.4% during the 4th quarter. Bank of New York Mellon Corp now owns 1,429,870 shares of the athletic footwear retailer's stock worth $31,114,000 after acquiring an additional 333,247 shares during the last quarter.

Foot Locker Stock Performance

Foot Locker stock traded up $0.03 during midday trading on Wednesday, reaching $24.00. The stock had a trading volume of 2,555,325 shares, compared to its average volume of 4,017,644. Foot Locker, Inc. has a 12 month low of $11.00 and a 12 month high of $33.94. The firm's 50-day moving average price is $17.82 and its 200 day moving average price is $18.60. The firm has a market capitalization of $2.29 billion, a PE ratio of 22.40, a P/E/G ratio of 1.98 and a beta of 1.74. 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 (NYSE:FL - Get Free Report) last posted its quarterly earnings data on Thursday, May 29th. The athletic footwear retailer reported ($0.07) earnings per share for the quarter, hitting the consensus estimate of ($0.07). The company had revenue of $1.79 billion for the quarter, compared to analysts' expectations of $1.86 billion. Foot Locker had a negative net margin of 4.54% and a positive return on equity of 3.65%. Foot Locker's revenue for the quarter was down 4.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.22 earnings per share. As a group, research analysts predict that Foot Locker, Inc. will post 1.23 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

FL has been the topic of a number of analyst reports. Barclays downgraded shares of Foot Locker from an "overweight" rating to an "equal weight" rating in a report on Thursday, May 29th. Robert W. Baird set a $24.00 price objective on shares of Foot Locker in a report on Thursday, May 29th. The Goldman Sachs Group cut their price objective on shares of Foot Locker from $19.00 to $17.00 and set a "sell" rating on the stock in a report on Tuesday, April 22nd. Wall Street Zen downgraded shares of Foot Locker from a "hold" rating to a "sell" rating in a report on Friday, April 11th. Finally, JPMorgan Chase & Co. raised shares of Foot Locker from an "underweight" rating to a "neutral" rating and boosted their price target for the stock from $16.00 to $24.00 in a report on Thursday, May 15th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $21.20.

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.