Foot Locker, Inc. $FL Stock Holdings Boosted by Jacobs Levy Equity Management Inc.

Key Points

• Jacobs Levy Equity Management Inc. increased its stake in Foot Locker by 20.2%, owning 2,290,707 shares worth approximately $32.3 million as of the latest reporting period.
• Foot Locker reported a quarterly loss of ($0.27) earnings per share, missing analysts' expectations and reflecting a 2.3% decline in revenue year-over-year.
• Recent analyst ratings show a consensus of "Hold" for Foot Locker, with price targets ranging from $20.00 to $26.00, indicating cautious optimism among investors.

Jacobs Levy Equity Management Inc. increased its stake in Foot Locker, Inc. (NYSE:FL - Free Report) by 20.2% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,290,707 shares of the athletic footwear retailer's stock after acquiring an additional 384,301 shares during the period. Jacobs Levy Equity Management Inc. owned approximately 2.41% of Foot Locker worth $32,299,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. American Century Companies Inc. lifted its position in Foot Locker by 17.0% during the first quarter. American Century Companies Inc. now owns 1,940,528 shares of the athletic footwear retailer's stock valued at $27,361,000 after buying an additional 281,322 shares in the last quarter. Cramer Rosenthal Mcglynn LLC lifted its position in Foot Locker by 8.5% during the first quarter. Cramer Rosenthal Mcglynn LLC now owns 1,736,845 shares of the athletic footwear retailer's stock valued at $24,490,000 after buying an additional 135,982 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Foot Locker by 2.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,207,430 shares of the athletic footwear retailer's stock valued at $17,025,000 after buying an additional 30,981 shares in the last quarter. Segall Bryant & Hamill LLC lifted its position in Foot Locker by 26.4% during the first quarter. Segall Bryant & Hamill LLC now owns 1,082,713 shares of the athletic footwear retailer's stock valued at $15,266,000 after buying an additional 226,111 shares in the last quarter. Finally, Northern Trust Corp lifted its position in Foot Locker by 9.1% during the fourth quarter. Northern Trust Corp now owns 982,740 shares of the athletic footwear retailer's stock valued at $21,384,000 after buying an additional 81,735 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on FL. Telsey Advisory Group reaffirmed a "market perform" rating and set a $24.00 price target on shares of Foot Locker in a research report on Tuesday. Wall Street Zen cut shares of Foot Locker to a "strong sell" rating in a research report on Saturday, August 30th. Zacks Research raised shares of Foot Locker from a "strong sell" rating to a "hold" rating in a research report on Monday, August 18th. Gordon Haskett cut shares of Foot Locker from a "moderate buy" rating to a "hold" rating in a research report on Thursday, May 15th. Finally, Barclays cut shares of Foot Locker from an "overweight" rating to an "equal weight" rating in a research report on Thursday, May 29th. Two investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, Foot Locker has a consensus rating of "Hold" and a consensus target price of $21.33.

Foot Locker Stock Down 0.3%

Shares of NYSE:FL traded down $0.08 during midday trading on Thursday, reaching $24.03. The company had a trading volume of 8,308,221 shares, compared to its average volume of 5,609,406. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.59 and a quick ratio of 0.45. The stock's fifty day moving average price is $25.14 and its 200-day moving average price is $20.33. The stock has a market capitalization of $2.30 billion, a P/E ratio of -5.96, a PEG ratio of 2.17 and a beta of 1.79. Foot Locker, Inc. has a one year low of $11.00 and a one year high of $29.24.

Foot Locker (NYSE:FL - Get Free Report) last issued its quarterly earnings results on Wednesday, August 27th. The athletic footwear retailer reported ($0.27) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.05 by ($0.32). Foot Locker had a positive return on equity of 2.92% and a negative net margin of 4.90%.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 firm's quarterly revenue was down 2.3% on a year-over-year basis. Equities research analysts expect that Foot Locker, Inc. will post 1.23 earnings per share for the current fiscal year.

Insider Buying and Selling at Foot Locker

In other Foot Locker news, President Franklin Bracken sold 14,922 shares of the business's stock in a transaction on Friday, August 29th. The shares were sold at an average price of $24.50, for a total transaction of $365,589.00. Following the completion of the sale, the president owned 213,496 shares in the company, valued at $5,230,652. The trade was a 6.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Giovanna Cipriano sold 22,383 shares of the business's 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 sale, the chief accounting officer 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 position. The disclosure for this sale can be found here. 1.20% of the stock is owned by insiders.

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.