Foot Locker, Inc. $FL Shares Acquired by Fox Run Management L.L.C.

Key Points

• Fox Run Management L.L.C. significantly increased its stake in Foot Locker, Inc. by 1,158.4%, acquiring a total of 120,437 shares valued at approximately $1.7 million.
• Recent stock analysts have given mixed ratings for Foot Locker, with three analysts rating it as a sell while others have improved their ratings, leading to a consensus rating of "Hold" and a target price of $21.20.
• Foot Locker reported a net loss of ($0.07) per share for the last quarter, with revenue down 4.6% year-over-year, signaling potential challenges in the retail market.

Fox Run Management L.L.C. grew its position in shares of Foot Locker, Inc. (NYSE:FL - Free Report) by 1,158.4% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 120,437 shares of the athletic footwear retailer's stock after buying an additional 110,866 shares during the quarter. Fox Run Management L.L.C. owned 0.13% of Foot Locker worth $1,698,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. GAMMA Investing LLC raised its position in Foot Locker by 250.6% during the 1st quarter. GAMMA Investing LLC now owns 2,468 shares of the athletic footwear retailer's stock worth $35,000 after buying an additional 1,764 shares during the last quarter. Sterling Capital Management LLC increased its holdings in shares of Foot Locker by 819.2% in the 4th quarter. Sterling Capital Management LLC now owns 2,629 shares of the athletic footwear retailer's stock valued at $57,000 after purchasing an additional 2,343 shares in the last quarter. Pingora Partners LLC purchased a new position in shares of Foot Locker in the 4th quarter valued at about $61,000. Signaturefd LLC increased its holdings in shares of Foot Locker by 27.2% in the 1st quarter. Signaturefd LLC now owns 4,579 shares of the athletic footwear retailer's stock valued at $65,000 after purchasing an additional 980 shares in the last quarter. Finally, Investors Research Corp increased its holdings in shares of Foot Locker by 19.7% in the 1st quarter. Investors Research Corp now owns 11,529 shares of the athletic footwear retailer's stock valued at $163,000 after purchasing an additional 1,900 shares in the last quarter.

Insider Activity

In other Foot Locker news, 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 transaction of $557,336.70. Following the sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.20% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have recently issued reports on FL. Telsey Advisory Group reiterated a "market perform" rating and issued a $24.00 price target on shares of Foot Locker in a report on Friday, May 30th. Robert W. Baird set a $24.00 price target on shares of Foot Locker in a report on Thursday, May 29th. Morgan Stanley cut their price target on shares of Foot Locker from $16.00 to $14.00 and set an "underweight" rating for the company in a report on Tuesday, May 6th. The Goldman Sachs Group cut their price target on shares of Foot Locker from $19.00 to $17.00 and set a "sell" rating for the company in a report on Tuesday, April 22nd. Finally, JPMorgan Chase & Co. upgraded shares of Foot Locker from an "underweight" rating to a "neutral" rating and increased their price target for the company from $16.00 to $24.00 in a report on Thursday, May 15th. Two investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $21.20.

Foot Locker Trading Up 0.8%

Shares of Foot Locker stock traded up $0.2150 during mid-day trading on Tuesday, hitting $25.8950. 4,484,234 shares of the stock were exchanged, compared to its average volume of 4,522,343. Foot Locker, Inc. has a twelve month low of $11.00 and a twelve month high of $33.94. The stock has a market capitalization of $2.47 billion, a price-to-earnings ratio of -6.87, a price-to-earnings-growth ratio of 2.16 and a beta of 1.75. The company has a 50-day simple moving average of $24.84 and a 200 day simple moving average of $19.65. The company has a current ratio of 1.64, a quick ratio of 0.49 and a debt-to-equity ratio of 0.17.

Foot Locker (NYSE:FL - Get Free Report) last released its quarterly earnings results on Thursday, May 29th. The athletic footwear retailer reported ($0.07) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.07). Foot Locker had a negative net margin of 4.54% and a positive return on equity of 3.65%. The company had revenue of $1.79 billion for the quarter, compared to analysts' expectations of $1.86 billion. During the same period last year, the company earned $0.22 EPS. The firm's revenue for the quarter was down 4.6% compared to the same quarter last year. Research analysts forecast that Foot Locker, Inc. will post 1.23 EPS for the current year.

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.