Voloridge Investment Management LLC Has $16.04 Million Stock Holdings in Foot Locker, Inc. (NYSE:FL)

Voloridge Investment Management LLC increased its stake in shares of Foot Locker, Inc. (NYSE:FL - Free Report) by 66.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 737,299 shares of the athletic footwear retailer's stock after acquiring an additional 295,243 shares during the period. Voloridge Investment Management LLC owned about 0.78% of Foot Locker worth $16,044,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in FL. Harbour Investments Inc. grew its position in shares of Foot Locker by 81.6% in the 4th quarter. Harbour Investments Inc. now owns 1,442 shares of the athletic footwear retailer's stock valued at $31,000 after acquiring an additional 648 shares during the period. Aster Capital Management DIFC Ltd bought a new position in shares of Foot Locker in the 4th quarter valued at about $32,000. R Squared Ltd bought a new position in shares of Foot Locker in the 4th quarter valued at about $50,000. Sterling Capital Management LLC grew its position in shares of Foot Locker by 819.2% in the 4th quarter. Sterling Capital Management LLC now owns 2,629 shares of the athletic footwear retailer's stock valued at $57,000 after acquiring an additional 2,343 shares during the period. Finally, Pingora Partners LLC bought a new position in shares of Foot Locker in the 4th quarter valued at about $61,000.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Wall Street Zen downgraded shares of Foot Locker from a "hold" rating to a "sell" rating in a research report on Friday, April 11th. Morgan Stanley reduced their target price on shares of Foot Locker from $16.00 to $14.00 and set an "underweight" rating for the company in a report on Tuesday, May 6th. Gordon Haskett downgraded shares of Foot Locker from a "moderate buy" rating to a "hold" rating in a report on Thursday, May 15th. The Goldman Sachs Group reduced their target price on shares of Foot Locker from $19.00 to $17.00 and set a "sell" rating for the company in a report on Tuesday, April 22nd. Finally, Telsey Advisory Group reaffirmed a "market perform" rating and set a $20.00 target price on shares of Foot Locker in a report on Thursday, May 15th. 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 stock. Based on data from MarketBeat, Foot Locker currently has a consensus rating of "Hold" and a consensus price target of $21.19.

Foot Locker Price Performance

Shares of NYSE:FL traded up $0.18 during midday trading on Tuesday, hitting $23.89. The stock had a trading volume of 5,057,380 shares, compared to its average volume of 4,024,788. The company's 50-day moving average price is $14.67 and its 200-day moving average price is $18.56. The company has a market capitalization of $2.28 billion, a P/E ratio of -5.30, a price-to-earnings-growth ratio of 0.53 and a beta of 1.42. 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 fifty-two week low of $11.00 and a fifty-two week high of $33.94.

Foot Locker (NYSE:FL - Get Free Report) last issued its earnings results on Wednesday, March 5th. The athletic footwear retailer reported $0.86 EPS for the quarter, beating the consensus estimate of $0.73 by $0.13. The company had revenue of $2.25 billion during the quarter, compared to analysts' expectations of $2.32 billion. Foot Locker had a negative net margin of 5.24% and a positive return on equity of 2.91%. The business's revenue for the quarter was down 5.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.38 EPS. As a group, equities research analysts predict that Foot Locker, Inc. will post 1.23 EPS for the current fiscal year.

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.