SG Americas Securities LLC Grows Position in Foot Locker, Inc. (NYSE:FL)

SG Americas Securities LLC raised its holdings in shares of Foot Locker, Inc. (NYSE:FL - Free Report) by 1,391.0% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 98,301 shares of the athletic footwear retailer's stock after acquiring an additional 91,708 shares during the quarter. SG Americas Securities LLC owned approximately 0.10% of Foot Locker worth $1,386,000 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 FL. Cramer Rosenthal Mcglynn LLC bought a new position in Foot Locker in the fourth quarter valued at approximately $34,835,000. Cooper Creek Partners Management LLC bought a new stake in Foot Locker during the fourth quarter worth $30,416,000. Segall Bryant & Hamill LLC acquired a new stake in Foot Locker in the fourth quarter valued at $18,640,000. Jacobs Levy Equity Management Inc. grew its position in shares of Foot Locker by 67.9% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 1,906,406 shares of the athletic footwear retailer's stock valued at $41,483,000 after acquiring an additional 770,932 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in shares of 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 purchasing an additional 333,247 shares during the last quarter.

Analysts Set New Price Targets

A number of equities analysts recently commented on FL shares. Jefferies Financial Group reduced their price target on Foot Locker from $22.00 to $19.00 and set a "hold" rating for the company in a report on Wednesday, March 5th. The Goldman Sachs Group reduced their target price on shares of Foot Locker from $19.00 to $17.00 and set a "sell" rating for the company in a research report on Tuesday, April 22nd. Needham & Company LLC set a $24.00 price objective on Foot Locker in a research note on Thursday, May 29th. Telsey Advisory Group reiterated a "market perform" rating and issued a $24.00 price target on shares of Foot Locker in a research note on Friday, May 30th. Finally, JPMorgan Chase & Co. upgraded shares of Foot Locker from an "underweight" rating to a "neutral" rating and raised their target price for the company from $16.00 to $24.00 in a research report on Thursday, May 15th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, Foot Locker has an average rating of "Hold" and a consensus target price of $21.20.

Foot Locker Stock Down 0.2%

FL traded down $0.06 during mid-day trading on Friday, reaching $23.94. 1,373,833 shares of the stock were exchanged, compared to its average volume of 4,953,427. The stock has a market capitalization of $2.28 billion, a PE ratio of -6.35, a price-to-earnings-growth ratio of 1.98 and a beta of 1.74. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.49 and a current ratio of 1.64. The company has a 50 day moving average price of $18.26 and a two-hundred day moving average price of $18.63. Foot Locker, Inc. has a 1 year low of $11.00 and a 1 year high of $33.94.

Foot Locker (NYSE:FL - Get Free Report) last posted its quarterly earnings results on Thursday, May 29th. The athletic footwear retailer reported ($0.07) EPS for the quarter, hitting analysts' consensus estimates 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 was down 4.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.22 EPS. As a group, research analysts anticipate that Foot Locker, Inc. will post 1.23 EPS for the current year.

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.