Hussman Strategic Advisors Inc. Purchases Shares of 63,000 Foot Locker, Inc. (NYSE:FL)

Hussman Strategic Advisors Inc. purchased a new stake in Foot Locker, Inc. (NYSE:FL - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 63,000 shares of the athletic footwear retailer's stock, valued at approximately $888,000. Hussman Strategic Advisors Inc. owned 0.07% of Foot Locker at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of FL. Cramer Rosenthal Mcglynn LLC purchased a new stake in shares of Foot Locker in the fourth quarter valued at approximately $34,835,000. Cooper Creek Partners Management LLC acquired a new position in Foot Locker in the 4th quarter valued at $30,416,000. Segall Bryant & Hamill LLC acquired a new position in Foot Locker in the 4th quarter valued at $18,640,000. Jacobs Levy Equity Management Inc. grew its holdings in shares of Foot Locker by 67.9% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 1,906,406 shares of the athletic footwear retailer's stock worth $41,483,000 after buying an additional 770,932 shares in the last quarter. Finally, Voloridge Investment Management LLC grew its holdings in shares of Foot Locker by 66.8% during the fourth quarter. Voloridge Investment Management LLC now owns 737,299 shares of the athletic footwear retailer's stock worth $16,044,000 after buying an additional 295,243 shares in the last quarter.

Insider Transactions at Foot Locker

In related news, CAO Giovanna Cipriano sold 22,383 shares of Foot Locker stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $24.90, for a total transaction of $557,336.70. Following the completion of the transaction, the chief accounting officer directly owned 93,895 shares of the company's stock, valued at approximately $2,337,985.50. The trade was a 19.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 0.89% of the company's stock.

Analyst Ratings Changes

FL has been the subject of a number of research analyst reports. Piper Sandler lowered their price target on Foot Locker from $19.00 to $12.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Wall Street Zen cut Foot Locker from a "hold" rating to a "sell" rating in a report on Friday, April 11th. Robert W. Baird set a $24.00 price target on Foot Locker in a report on Thursday, May 29th. Telsey Advisory Group reiterated a "market perform" rating and set a $24.00 price target on shares of Foot Locker in a report on Friday, May 30th. Finally, Citigroup increased 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. Three research 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. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $21.20.

Foot Locker Stock Performance

Shares of FL stock traded up $0.07 during midday trading on Friday, hitting $25.19. The company had a trading volume of 3,166,636 shares, compared to its average volume of 4,114,570. The company's 50 day simple moving average is $23.60 and its 200 day simple moving average is $18.98. Foot Locker, Inc. has a 52-week low of $11.00 and a 52-week high of $33.94. The stock has a market cap of $2.40 billion, a price-to-earnings ratio of -6.68, a PEG ratio of 2.10 and a beta of 1.72. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.64 and a quick ratio of 0.49.

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

About Foot Locker

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.