Foot Locker, Inc. $FL Shares Acquired by Petrus Trust Company LTA

Key Points

• Petrus Trust Company LTA increased its holdings in Foot Locker by 66.5%, owning 51,840 shares worth $731,000 as of the latest SEC filing.
• Foot Locker reported a loss of ($0.27) earnings per share for the last quarter, falling short of analysts' expectations of $0.05.
• Analysts have mixed ratings on Foot Locker, with a consensus rating of "Hold" and a target price of $21.33.

Petrus Trust Company LTA raised its position in Foot Locker, Inc. (NYSE:FL - Free Report) by 66.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 51,840 shares of the athletic footwear retailer's stock after purchasing an additional 20,708 shares during the period. Petrus Trust Company LTA owned 0.05% of Foot Locker worth $731,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Ameriprise Financial Inc. increased its position in shares of Foot Locker by 66.5% in the 4th quarter. Ameriprise Financial Inc. now owns 541,659 shares of the athletic footwear retailer's stock valued at $11,786,000 after purchasing an additional 216,352 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Foot Locker by 2.6% in the 1st 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. Vontobel Holding Ltd. boosted its holdings in shares of Foot Locker by 55.0% in the 1st quarter. Vontobel Holding Ltd. now owns 46,847 shares of the athletic footwear retailer's stock valued at $661,000 after buying an additional 16,618 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Foot Locker by 250.6% in the 1st quarter. GAMMA Investing LLC now owns 2,468 shares of the athletic footwear retailer's stock valued at $35,000 after buying an additional 1,764 shares in the last quarter. Finally, Teacher Retirement System of Texas acquired a new position in shares of Foot Locker in the 1st quarter valued at $176,000.

Foot Locker Stock Performance

Shares of NYSE:FL traded down $0.08 on Tuesday, reaching $24.03. The company's stock had a trading volume of 8,308,221 shares, compared to its average volume of 5,609,406. The stock's 50-day moving average is $25.16 and its two-hundred day moving average is $20.31. Foot Locker, Inc. has a 52-week low of $11.00 and a 52-week high of $29.24. 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 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 (NYSE:FL - Get Free Report) last announced its quarterly earnings data on Wednesday, August 27th. The athletic footwear retailer reported ($0.27) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.32). The firm had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.87 billion. Foot Locker had a negative net margin of 4.90% and a positive return on equity of 2.92%. The business's quarterly revenue was down 2.3% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.05) earnings per share. As a group, sell-side analysts forecast that Foot Locker, Inc. will post 1.23 EPS for the current year.

Insiders Place Their Bets

In other Foot Locker news, President Franklin Bracken sold 14,922 shares of the company'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 transaction, the president owned 213,496 shares in the company, valued at approximately $5,230,652. This represents a 6.53% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Giovanna Cipriano sold 22,383 shares of the company's 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 transaction, 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 currently owned by corporate insiders.

Analysts Set New Price Targets

FL has been the subject of several research analyst reports. JPMorgan Chase & Co. upgraded shares of Foot Locker from an "underweight" rating to a "neutral" rating and upped their target price for the company from $16.00 to $24.00 in a report on Thursday, May 15th. Gordon Haskett cut shares of Foot Locker from a "moderate buy" rating to a "hold" rating in a report on Thursday, May 15th. Wall Street Zen cut shares of Foot Locker to a "strong sell" rating in a report on Saturday, August 30th. Zacks Research upgraded shares of Foot Locker from a "strong sell" rating to a "hold" rating in a report on Monday, August 18th. Finally, Needham & Company LLC restated a "hold" rating on shares of Foot Locker in a report on Wednesday, August 27th. Two research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Foot Locker currently has an average rating of "Hold" and an average target price of $21.33.

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.