Vident Advisory LLC Buys New Stake in Foot Locker, Inc. $FL

Key Points

• Vident Advisory LLC made a new investment in Foot Locker, acquiring 20,187 shares valued at approximately $285,000 in the first quarter.
• Foot Locker's recent earnings report revealed a loss of ($0.27) earnings per share, missing the consensus estimate by ($0.32), and a revenue of $1.86 billion, slightly below expectations.
• Equity analysts have mixed ratings on Foot Locker, with some maintaining a "hold" rating while others have issued a "strong sell" rating, contributing to an average target price of $21.33.

Vident Advisory LLC purchased a new stake in Foot Locker, Inc. (NYSE:FL - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The firm purchased 20,187 shares of the athletic footwear retailer's stock, valued at approximately $285,000.

Other institutional investors have also modified their holdings of the company. Ameriprise Financial Inc. boosted its holdings 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 buying an additional 216,352 shares in 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 bought a new stake in shares of Foot Locker in the 1st quarter valued at about $176,000.

Foot Locker Stock Performance

FL traded down $0.08 during trading on Monday, reaching $24.03. 8,308,221 shares of the company's stock were exchanged, compared to its average volume of 5,609,406. Foot Locker, Inc. has a 1 year low of $11.00 and a 1 year 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 price-to-earnings-growth ratio of 2.17 and a beta of 1.79. The company's fifty day simple moving average is $25.10 and its 200-day simple moving average is $20.51.

Foot Locker (NYSE:FL - Get Free Report) last posted its quarterly earnings results on Wednesday, August 27th. The athletic footwear retailer reported ($0.27) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.05 by ($0.32). Foot Locker had a positive return on equity of 2.92% and a negative net margin of 4.90%.The business had revenue of $1.86 billion for the quarter, compared to analysts' expectations of $1.87 billion. During the same period in the prior year, the business posted ($0.05) earnings per share. The business's quarterly revenue was down 2.3% compared to the same quarter last year. As a group, research analysts predict that Foot Locker, Inc. will post 1.23 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Foot Locker news, CAO Giovanna Cipriano sold 22,383 shares of the firm'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 transaction of $557,336.70. Following the completion of the transaction, the chief accounting officer directly owned 93,895 shares of the company's stock, valued at approximately $2,337,985.50. This trade represents a 19.25% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, President Franklin Bracken sold 14,922 shares of the firm's stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $24.50, for a total transaction of $365,589.00. Following the transaction, the president directly owned 213,496 shares of the company's stock, valued at $5,230,652. This represents a 6.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.20% of the company's stock.

Analyst Ratings Changes

FL has been the topic of a number of recent analyst reports. Zacks Research upgraded shares of Foot Locker from a "strong sell" rating to a "hold" rating in a report on Monday, August 18th. Robert W. Baird lifted their target price on shares of Foot Locker from $24.00 to $26.00 and gave the stock a "neutral" rating in a research note on Thursday, August 28th. 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 Tuesday, September 9th. Wall Street Zen cut shares of Foot Locker to a "strong sell" rating in a research note on Saturday, August 30th. Finally, Barclays cut shares of Foot Locker from an "overweight" rating to an "equal weight" rating in a research note on Thursday, May 29th. Two analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Foot Locker currently has a consensus rating of "Hold" and an average target price of $21.33.

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.