Two Sigma Investments LP trimmed its stake in Foot Locker, Inc. (NYSE:FL - Free Report) by 39.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 131,244 shares of the athletic footwear retailer's stock after selling 86,267 shares during the quarter. Two Sigma Investments LP owned about 0.14% of Foot Locker worth $2,856,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of FL. Harbour Investments Inc. grew its holdings in Foot Locker by 81.6% in the fourth 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 period. Aster Capital Management DIFC Ltd acquired a new stake in Foot Locker in the fourth quarter worth $32,000. R Squared Ltd acquired a new stake in Foot Locker in the fourth quarter worth $50,000. Sterling Capital Management LLC grew its holdings 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 purchasing an additional 2,343 shares during the period. Finally, Pingora Partners LLC acquired a new stake in Foot Locker in the fourth quarter worth $61,000.
Foot Locker Stock Performance
FL stock traded up $0.06 during mid-day trading on Wednesday, hitting $23.80. The company had a trading volume of 3,762,081 shares, compared to its average volume of 3,952,191. The firm has a market cap of $2.27 billion, a PE ratio of -5.28, a price-to-earnings-growth ratio of 0.53 and a beta of 1.73. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.45 and a current ratio of 1.67. Foot Locker, Inc. has a 12 month low of $11.00 and a 12 month high of $33.94. The stock's fifty day moving average price is $15.82 and its two-hundred day moving average price is $18.62.
Foot Locker (NYSE:FL - Get Free Report) last posted its quarterly earnings results on Thursday, May 29th. The athletic footwear retailer reported ($0.07) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.07). Foot Locker had a negative net margin of 5.24% and a positive return on equity of 2.91%. The company had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same quarter in the previous year, the firm posted $0.22 earnings per share. The company's quarterly revenue was down 4.6% compared to the same quarter last year. On average, analysts forecast that Foot Locker, Inc. will post 1.23 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of research analysts have recently issued reports on the stock. Telsey Advisory Group reiterated a "market perform" rating and set a $24.00 price objective on shares of Foot Locker in a report on Friday, May 30th. Evercore ISI reduced their price objective on shares of Foot Locker from $22.00 to $15.00 and set an "outperform" rating for the company in a report on Friday, April 11th. Robert W. Baird set a $24.00 price objective on shares of Foot Locker in a report on Thursday, May 29th. Barclays cut shares of Foot Locker from an "overweight" rating to an "equal weight" rating in a report on Thursday, May 29th. Finally, Citigroup lifted their price objective on shares of Foot Locker from $20.00 to $24.00 and gave the company a "neutral" rating in a report on Friday, May 16th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $21.44.
Read Our Latest Stock Analysis on Foot Locker
Foot Locker Company Profile
(
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.
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