Teacher Retirement System of Texas acquired a new stake in shares of Foot Locker, Inc. (NYSE:FL - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor acquired 12,485 shares of the athletic footwear retailer's stock, valued at approximately $176,000.
Several other institutional investors have also recently modified their holdings of FL. Harbour Investments Inc. grew its position in 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 acquiring an additional 648 shares during the last quarter. Aster Capital Management DIFC Ltd bought a new position in Foot Locker during the 4th quarter worth approximately $32,000. GAMMA Investing LLC grew its position 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 acquiring an additional 1,764 shares during the last quarter. Sterling Capital Management LLC grew its position in Foot Locker by 819.2% during the 4th quarter. Sterling Capital Management LLC now owns 2,629 shares of the athletic footwear retailer's stock worth $57,000 after acquiring an additional 2,343 shares during the last quarter. Finally, Pingora Partners LLC bought a new position in Foot Locker during the 4th quarter worth approximately $61,000.
Wall Street Analyst Weigh In
Several equities analysts recently issued reports on the company. Telsey Advisory Group restated a "market perform" rating and set a $24.00 price target on shares of Foot Locker in a research report on Friday, May 30th. Barclays lowered Foot Locker from an "overweight" rating to an "equal weight" rating in a research report on Thursday, May 29th. Evercore ISI reduced their price target on Foot Locker from $22.00 to $15.00 and set an "outperform" rating on the stock in a research report on Friday, April 11th. JPMorgan Chase & Co. upgraded Foot Locker from an "underweight" rating to a "neutral" rating and raised their price target for the stock from $16.00 to $24.00 in a research report on Thursday, May 15th. Finally, Morgan Stanley dropped their price objective on Foot Locker from $16.00 to $14.00 and set an "underweight" rating for the company in a report on Tuesday, May 6th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, Foot Locker has an average rating of "Hold" and a consensus price target of $21.20.
Get Our Latest Report on FL
Insiders Place Their Bets
In related news, CAO Giovanna Cipriano sold 22,383 shares of the firm's stock in a transaction that occurred 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 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 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 company insiders.
Foot Locker Stock Down 1.3%
Shares of FL traded down $0.33 on Thursday, reaching $25.16. The stock had a trading volume of 1,793,090 shares, compared to its average volume of 3,713,117. The firm has a market capitalization of $2.40 billion, a price-to-earnings ratio of -6.67, a price-to-earnings-growth ratio of 2.13 and a beta of 1.72. 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 company has a 50-day simple moving average of $24.37 and a 200-day simple moving average of $19.11. Foot Locker, Inc. has a 12-month low of $11.00 and a 12-month high of $33.94.
Foot Locker (NYSE:FL - Get Free Report) last released its earnings results on Thursday, May 29th. The athletic footwear retailer reported ($0.07) EPS for the quarter, meeting analysts' consensus estimates of ($0.07). The company had revenue of $1.79 billion during the quarter, compared to analysts' expectations of $1.86 billion. Foot Locker had a positive return on equity of 3.65% and a negative net margin of 4.54%. The firm's revenue for the quarter was down 4.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.22 EPS. Sell-side analysts predict that Foot Locker, Inc. will post 1.23 EPS for the current year.
Foot Locker Company Profile
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Free Report)
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.
Further Reading
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