Peregrine Capital Management LLC Increases Stake in Foot Locker, Inc. (NYSE:FL)

Peregrine Capital Management LLC increased its holdings in shares of Foot Locker, Inc. (NYSE:FL - Free Report) by 21.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 287,040 shares of the athletic footwear retailer's stock after acquiring an additional 51,617 shares during the quarter. Peregrine Capital Management LLC owned approximately 0.30% of Foot Locker worth $4,047,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Harbour Investments Inc. increased its stake in shares of Foot Locker by 81.6% during the 4th quarter. Harbour Investments Inc. now owns 1,442 shares of the athletic footwear retailer's stock worth $31,000 after purchasing an additional 648 shares during the last quarter. Aster Capital Management DIFC Ltd bought a new position in Foot Locker during the fourth quarter valued at $32,000. GAMMA Investing LLC grew its holdings in Foot Locker by 250.6% during the first quarter. GAMMA Investing LLC now owns 2,468 shares of the athletic footwear retailer's stock valued at $35,000 after purchasing an additional 1,764 shares during the period. Sterling Capital Management LLC increased its position in Foot Locker by 819.2% in the fourth quarter. Sterling Capital Management LLC now owns 2,629 shares of the athletic footwear retailer's stock worth $57,000 after buying an additional 2,343 shares during the last quarter. Finally, Pingora Partners LLC bought a new stake in shares of Foot Locker in the fourth quarter valued at $61,000.

Insider Transactions at Foot Locker

In other Foot Locker news, CAO Giovanna Cipriano sold 22,383 shares of the business's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $24.90, for a total value of $557,336.70. Following the completion of the transaction, the chief accounting officer owned 93,895 shares of the company's stock, valued at $2,337,985.50. The trade was a 19.25% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.89% of the stock is currently owned by insiders.

Foot Locker Price Performance

NYSE:FL traded down $0.02 during trading hours on Friday, hitting $24.74. 1,753,809 shares of the company's stock traded hands, compared to its average volume of 4,082,346. Foot Locker, Inc. has a 52 week low of $11.00 and a 52 week high of $33.94. The business's fifty day simple moving average is $20.81 and its two-hundred day simple moving average is $18.79. The company has a quick ratio of 0.49, a current ratio of 1.64 and a debt-to-equity ratio of 0.17. The firm has a market cap of $2.36 billion, a P/E ratio of -6.56, a P/E/G ratio of 2.07 and a beta of 1.72.

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 for the quarter, meeting the consensus estimate of ($0.07). Foot Locker had a positive return on equity of 3.65% and a negative net margin of 4.54%. The firm had revenue of $1.79 billion for the quarter, compared to analysts' expectations of $1.86 billion. During the same quarter last year, the firm posted $0.22 EPS. The company's revenue was down 4.6% compared to the same quarter last year. On average, research analysts anticipate that Foot Locker, Inc. will post 1.23 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. The Goldman Sachs Group cut their price target on Foot Locker from $19.00 to $17.00 and set a "sell" rating for the company in a research note on Tuesday, April 22nd. Telsey Advisory Group reiterated a "market perform" rating and issued a $24.00 target price on shares of Foot Locker in a research note on Friday, May 30th. Gordon Haskett lowered shares of Foot Locker from a "moderate buy" rating to a "hold" rating in a research report on Thursday, May 15th. Piper Sandler dropped their price target on shares of Foot Locker from $19.00 to $12.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. Finally, UBS Group reduced their price objective on shares of Foot Locker from $22.00 to $21.00 and set a "neutral" rating for the company in a research note on Thursday, March 6th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus 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.