XTX Topco Ltd Has $1.96 Million Holdings in Foot Locker, Inc. (NYSE:FL)

Key Points

• XTX Topco Ltd increased its stake in Foot Locker, Inc. by 1,245.5%, acquiring a total of 138,953 shares valued at approximately $1.96 million.
• Foot Locker reported a net loss of $0.07 per share for the last quarter, compared to earnings of $0.22 per share during the same period last year, with revenues down 4.6% year-over-year.
• Analyst ratings for Foot Locker show a mix, with three analysts advocating a sell rating and a consensus hold rating, amidst revised target prices ranging from $14.00 to $24.00.

XTX Topco Ltd raised its stake in shares of Foot Locker, Inc. (NYSE:FL - Free Report) by 1,245.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 138,953 shares of the athletic footwear retailer's stock after acquiring an additional 128,626 shares during the quarter. XTX Topco Ltd owned approximately 0.15% of Foot Locker worth $1,959,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Aster Capital Management DIFC Ltd bought a new position in Foot Locker in the fourth quarter worth about $32,000. GAMMA Investing LLC raised its holdings in shares of Foot Locker by 250.6% during the first 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 during the last quarter. Sterling Capital Management LLC grew its holdings in 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 worth $57,000 after buying an additional 2,343 shares in the last quarter. Pingora Partners LLC acquired a new position in Foot Locker during the 4th quarter valued at about $61,000. Finally, Signaturefd LLC lifted its stake in shares of Foot Locker by 27.2% in the 1st quarter. Signaturefd LLC now owns 4,579 shares of the athletic footwear retailer's stock worth $65,000 after acquiring an additional 980 shares during the period.

Analysts Set New Price Targets

FL has been the subject of a number of research analyst reports. JPMorgan Chase & Co. upgraded Foot Locker from an "underweight" rating to a "neutral" rating and upped their target price for the stock from $16.00 to $24.00 in a research report on Thursday, May 15th. The Goldman Sachs Group decreased their price target on Foot Locker from $19.00 to $17.00 and set a "sell" rating for the company in a research report on Tuesday, April 22nd. Citigroup raised their target price on Foot Locker from $20.00 to $24.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. Gordon Haskett lowered shares of Foot Locker from a "moderate buy" rating to a "hold" rating in a research note on Thursday, May 15th. Finally, Piper Sandler dropped their price target on shares of Foot Locker from $19.00 to $12.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $21.20.

Insider Transactions at Foot Locker

In related news, CAO Giovanna Cipriano sold 22,383 shares of the firm's stock in a transaction 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 sale, the chief accounting officer directly owned 93,895 shares in the company, valued at $2,337,985.50. This trade represents a 19.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.89% of the company's stock.

Foot Locker Trading Up 0.3%

NYSE FL traded up $0.09 on Monday, reaching $24.74. The company had a trading volume of 694,068 shares, compared to its average volume of 4,596,385. The stock has a market cap of $2.36 billion, a price-to-earnings ratio of -6.56, a PEG ratio of 2.06 and a beta of 1.75. The stock's 50 day moving average is $24.53 and its 200-day moving average is $19.27. The company has a quick ratio of 0.49, a current ratio of 1.64 and a debt-to-equity ratio of 0.17. Foot Locker, Inc. has a 52 week low of $11.00 and a 52 week high of $33.94.

Foot Locker (NYSE:FL - Get Free Report) last announced 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). The company had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.86 billion. Foot Locker had a negative net margin of 4.54% and a positive return on equity of 3.65%. The firm's revenue was down 4.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.22 EPS. Equities analysts predict that Foot Locker, Inc. will post 1.23 earnings per share for the current year.

About Foot Locker

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.