GAMMA Investing LLC Raises Stock Position in Foot Locker, Inc. (NYSE:FL)

GAMMA Investing LLC raised its position in Foot Locker, Inc. (NYSE:FL - Free Report) by 4,843.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 34,799 shares of the athletic footwear retailer's stock after purchasing an additional 34,095 shares during the quarter. GAMMA Investing LLC's holdings in Foot Locker were worth $491,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. grew its stake in Foot Locker by 66.5% in the 4th quarter. Ameriprise Financial Inc. now owns 541,659 shares of the athletic footwear retailer's stock worth $11,786,000 after acquiring an additional 216,352 shares in the last quarter. Renaissance Technologies LLC bought a new position in shares of Foot Locker during the fourth quarter valued at approximately $5,473,000. Smartleaf Asset Management LLC boosted its stake in shares of Foot Locker by 198.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,876 shares of the athletic footwear retailer's stock valued at $63,000 after purchasing an additional 1,911 shares in the last quarter. Sei Investments Co. boosted its stake in shares of Foot Locker by 140.8% during the fourth quarter. Sei Investments Co. now owns 412,988 shares of the athletic footwear retailer's stock valued at $8,987,000 after purchasing an additional 241,504 shares in the last quarter. Finally, Vontobel Holding Ltd. boosted its stake in shares of Foot Locker by 171.3% during the fourth quarter. Vontobel Holding Ltd. now owns 30,229 shares of the athletic footwear retailer's stock valued at $658,000 after purchasing an additional 19,085 shares in the last quarter.

Foot Locker Stock Performance

Shares of NYSE FL traded up $0.07 during midday trading on Monday, reaching $24.04. The company had a trading volume of 2,905,468 shares, compared to its average volume of 4,019,102. The business's 50-day simple moving average is $18.75 and its 200 day simple moving average is $18.60. The stock has a market cap of $2.29 billion, a P/E ratio of -6.38, a P/E/G ratio of 1.98 and a beta of 1.74. Foot Locker, Inc. has a 1 year low of $11.00 and a 1 year high of $33.94. 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 posted its quarterly earnings results on Thursday, May 29th. The athletic footwear retailer reported ($0.07) earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of ($0.07). The business had revenue of $1.79 billion during 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%. The business's quarterly revenue was down 4.6% on a year-over-year basis. During the same quarter last year, the company posted $0.22 earnings per share. On average, analysts forecast that Foot Locker, Inc. will post 1.23 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

FL has been the topic of a number of recent research reports. Morgan Stanley dropped their price objective on shares of Foot Locker from $16.00 to $14.00 and set an "underweight" rating on the stock in a research note on Tuesday, May 6th. Barclays downgraded shares of Foot Locker from an "overweight" rating to an "equal weight" rating in a research note on Thursday, May 29th. Gordon Haskett downgraded shares of Foot Locker from a "moderate buy" rating to a "hold" rating in a research note on Thursday, May 15th. Wall Street Zen downgraded shares of Foot Locker from a "hold" rating to a "sell" rating in a research note on Friday, April 11th. Finally, The Goldman Sachs Group lowered 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 note on Tuesday, April 22nd. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $21.20.

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.