FORA Capital LLC Buys New Position in Foot Locker, Inc. $FL

Key Points

• FORA Capital LLC has acquired a new stake in Foot Locker, purchasing 10,893 shares valued at approximately $154,000 during the first quarter.
• Foot Locker reported a loss of ($0.27) earnings per share for the last quarter, missing expectations of $0.05 and marking a revenue decline of 2.3% year-over-year.
• Analysts have varying views on Foot Locker, with a consensus rating of "Hold" and an average price target of $21.33, indicating mixed sentiment among investors.

FORA Capital LLC bought a new stake in Foot Locker, Inc. (NYSE:FL - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 10,893 shares of the athletic footwear retailer's stock, valued at approximately $154,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. GAMMA Investing LLC raised its position in shares of 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 in the last quarter. AlphaQuest LLC acquired a new position in shares of Foot Locker during the 1st quarter worth $59,000. Signaturefd LLC raised its holdings in shares of Foot Locker by 27.2% during the 1st quarter. Signaturefd LLC now owns 4,579 shares of the athletic footwear retailer's stock worth $65,000 after buying an additional 980 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Foot Locker by 100,166.7% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 6,016 shares of the athletic footwear retailer's stock worth $85,000 after buying an additional 6,010 shares in the last quarter. Finally, Investors Research Corp raised its holdings in shares of Foot Locker by 19.7% during the 1st quarter. Investors Research Corp now owns 11,529 shares of the athletic footwear retailer's stock worth $163,000 after buying an additional 1,900 shares in the last quarter.

Insider Transactions at Foot Locker

In other Foot Locker news, President Franklin Bracken sold 14,922 shares of the company'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 sale, the president owned 213,496 shares in the company, valued at approximately $5,230,652. The trade was a 6.53% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Giovanna Cipriano sold 22,383 shares of the company'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 completion of the sale, the chief accounting officer owned 93,895 shares in the company, valued at $2,337,985.50. This trade represents a 19.25% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.89% of the company's stock.

Foot Locker Trading Up 0.1%

Shares of NYSE FL traded up $0.03 during trading on Thursday, reaching $24.15. The company had a trading volume of 2,435,086 shares, compared to its average volume of 5,460,238. The company's fifty day moving average price is $25.19 and its 200-day moving average price is $20.19. Foot Locker, Inc. has a 12 month low of $11.00 and a 12 month high of $29.24. The stock has a market cap of $2.31 billion, a P/E ratio of -5.99, a PEG ratio of 2.18 and a beta of 1.79. The company has a quick ratio of 0.45, a current ratio of 1.59 and a debt-to-equity ratio of 0.17.

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). Foot Locker had a negative net margin of 4.90% and a positive return on equity of 2.92%. The company had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter last year, the firm posted ($0.05) EPS. The company's quarterly revenue was down 2.3% on a year-over-year basis. As a group, research analysts expect that Foot Locker, Inc. will post 1.23 earnings per share for the current year.

Analyst Upgrades and Downgrades

FL has been the subject of a number of research analyst reports. Needham & Company LLC reissued a "hold" rating on shares of Foot Locker in a report on Wednesday, August 27th. Robert W. Baird boosted their price target on Foot Locker from $24.00 to $26.00 and gave the stock a "neutral" rating in a report on Thursday, August 28th. Barclays cut Foot Locker from an "overweight" rating to an "equal weight" rating in a report on Thursday, May 29th. Citigroup boosted their price target on Foot Locker from $20.00 to $24.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Finally, Zacks Research raised Foot Locker from a "strong sell" rating to a "hold" rating in a report on Monday, August 18th. Two analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Foot Locker currently has a consensus rating of "Hold" and a consensus target price of $21.33.

Foot Locker Company 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.