Hussman Strategic Advisors Inc. Takes Position in Foot Locker, Inc. (NYSE:FL)

Hussman Strategic Advisors Inc. acquired a new position in Foot Locker, Inc. (NYSE:FL - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 63,000 shares of the athletic footwear retailer's stock, valued at approximately $888,000. Hussman Strategic Advisors Inc. owned about 0.07% of Foot Locker at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Ameriprise Financial Inc. boosted its position in shares of Foot Locker by 66.5% during the fourth quarter. Ameriprise Financial Inc. now owns 541,659 shares of the athletic footwear retailer's stock worth $11,786,000 after buying an additional 216,352 shares during the period. Renaissance Technologies LLC purchased a new stake in Foot Locker during the fourth quarter worth about $5,473,000. Sei Investments Co. boosted its stake in shares of Foot Locker by 140.8% in 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 during the period. Vontobel Holding Ltd. grew its holdings in shares of Foot Locker by 55.0% in the first quarter. Vontobel Holding Ltd. now owns 46,847 shares of the athletic footwear retailer's stock valued at $661,000 after purchasing an additional 16,618 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings 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 in the last quarter.

Analysts Set New Price Targets

FL has been the subject of a number of analyst reports. Barclays downgraded shares of Foot Locker from an "overweight" rating to an "equal weight" rating in a research note on Thursday, May 29th. Wall Street Zen cut Foot Locker from a "hold" rating to a "sell" rating in a research report on Friday, April 11th. Piper Sandler dropped their price objective on Foot Locker from $19.00 to $12.00 and set a "neutral" rating on the stock 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. Finally, The Goldman Sachs Group cut their price objective on shares of Foot Locker from $19.00 to $17.00 and set a "sell" rating on the stock in a report 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 stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $21.20.

Insiders Place Their Bets

In other Foot Locker news, CAO Giovanna Cipriano sold 22,383 shares of Foot Locker stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $24.90, for a total transaction of $557,336.70. Following the completion of the sale, the chief accounting officer 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 sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 1.20% of the company's stock.

Foot Locker Stock Down 0.3%

Foot Locker stock traded down $0.07 during trading on Tuesday, reaching $25.50. 3,637,579 shares of the company's stock were exchanged, compared to its average volume of 4,119,102. Foot Locker, Inc. has a 52-week low of $11.00 and a 52-week high of $33.94. The company's 50-day moving average is $23.60 and its two-hundred day moving average is $18.96. 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 firm has a market cap of $2.43 billion, a price-to-earnings ratio of -6.76, a PEG ratio of 2.14 and a beta of 1.72.

Foot Locker (NYSE:FL - Get Free Report) last released its quarterly earnings data on Thursday, May 29th. The athletic footwear retailer reported ($0.07) earnings per share for the quarter, hitting the consensus estimate of ($0.07). The firm had revenue of $1.79 billion for the quarter, compared to analyst estimates 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 quarterly revenue was down 4.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.22 earnings per share. On average, analysts predict that Foot Locker, Inc. will post 1.23 earnings per share 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.