Two Sigma Investments LP Sells 86,267 Shares of Foot Locker, Inc. (NYSE:FL)

Two Sigma Investments LP lowered its position in Foot Locker, Inc. (NYSE:FL - Free Report) by 39.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 131,244 shares of the athletic footwear retailer's stock after selling 86,267 shares during the quarter. Two Sigma Investments LP owned approximately 0.14% of Foot Locker worth $2,856,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of FL. Harbour Investments Inc. lifted its position in Foot Locker by 81.6% during the fourth 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 stake in Foot Locker in the 4th quarter valued at $32,000. R Squared Ltd acquired a new position in Foot Locker in the 4th quarter valued at $50,000. Sterling Capital Management LLC increased 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 buying an additional 2,343 shares during the period. Finally, Pingora Partners LLC acquired a new stake in shares of Foot Locker during the fourth quarter worth $61,000.

Analyst Upgrades and Downgrades

Several research firms recently commented on FL. The Goldman Sachs Group decreased their price target on shares of Foot Locker from $19.00 to $17.00 and set a "sell" rating on the stock in a research note on Tuesday, April 22nd. Robert W. Baird set a $24.00 price target on shares of Foot Locker in a research report on Thursday, May 29th. Barclays downgraded Foot Locker from an "overweight" rating to an "equal weight" rating in a research report on Thursday, May 29th. Evercore ISI dropped their price objective on Foot Locker from $22.00 to $15.00 and set an "outperform" rating for the company in a report on Friday, April 11th. Finally, Citigroup upped their target price on Foot Locker from $20.00 to $24.00 and gave the company a "neutral" rating in a research report on Friday, May 16th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $21.44.

Foot Locker Price Performance

Shares of NYSE FL traded up $0.06 during midday trading on Wednesday, reaching $23.80. 1,192,526 shares of the company were exchanged, compared to its average volume of 3,936,390. The company has a quick ratio of 0.45, a current ratio of 1.67 and a debt-to-equity ratio of 0.15. Foot Locker, Inc. has a one year low of $11.00 and a one year high of $33.94. The stock has a market cap of $2.27 billion, a P/E ratio of -5.28, a PEG ratio of 0.53 and a beta of 1.73. The stock's 50-day moving average price is $15.64 and its 200-day moving average price is $18.58.

Foot Locker (NYSE:FL - Get Free Report) last posted its earnings results on Thursday, May 29th. The athletic footwear retailer reported ($0.07) earnings per share for the quarter, hitting analysts' consensus estimates 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 5.24% and a positive return on equity of 2.91%. The company's revenue for the quarter was down 4.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.22 EPS. On average, sell-side analysts anticipate that Foot Locker, Inc. will post 1.23 earnings per share for the current fiscal 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.