XTX Topco Ltd Purchases 128,626 Shares of 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 increased its position in shares of Foot Locker, Inc. (NYSE:FL - Free Report) by 1,245.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 138,953 shares of the athletic footwear retailer's stock after acquiring an additional 128,626 shares during the period. XTX Topco Ltd owned about 0.15% of Foot Locker worth $1,959,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Ameriprise Financial Inc. raised its position in shares of Foot Locker by 66.5% during the 4th quarter. Ameriprise Financial Inc. now owns 541,659 shares of the athletic footwear retailer's stock worth $11,786,000 after acquiring an additional 216,352 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in shares of Foot Locker during the 4th quarter worth about $5,473,000. Vontobel Holding Ltd. raised its position in shares of Foot Locker by 55.0% during the 1st quarter. Vontobel Holding Ltd. now owns 46,847 shares of the athletic footwear retailer's stock worth $661,000 after acquiring an additional 16,618 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Foot Locker by 250.6% during the 1st quarter. GAMMA Investing LLC now owns 2,468 shares of the athletic footwear retailer's stock worth $35,000 after acquiring an additional 1,764 shares in the last quarter. Finally, Teacher Retirement System of Texas purchased a new position in Foot Locker during the 1st quarter worth approximately $176,000.

Insider Buying and Selling at Foot Locker

In related news, CAO Giovanna Cipriano sold 22,383 shares of the stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $24.90, for a total transaction of $557,336.70. Following the completion of the sale, the chief accounting officer directly owned 93,895 shares in the company, valued at approximately $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 Securities & Exchange Commission, which is accessible through the SEC website. 0.89% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have weighed in on FL. Gordon Haskett downgraded Foot Locker from a "moderate buy" rating to a "hold" rating in a research note on Thursday, May 15th. Robert W. Baird set a $24.00 target price on Foot Locker in a research note on Thursday, May 29th. 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 Friday, May 30th. Wall Street Zen downgraded Foot Locker from a "hold" rating to a "sell" rating in a research note on Friday, April 11th. Finally, Morgan Stanley decreased their price target on Foot Locker from $16.00 to $14.00 and set an "underweight" rating on the stock in a research note on Tuesday, May 6th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $21.20.

Foot Locker Stock Performance

Shares of Foot Locker stock traded down $0.39 on Friday, reaching $24.65. 2,480,579 shares of the company were exchanged, compared to its average volume of 2,631,723. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.49 and a current ratio of 1.64. The company's 50-day moving average is $24.53 and its two-hundred day moving average is $19.29. The firm has a market cap of $2.35 billion, a price-to-earnings ratio of -6.54, a P/E/G ratio of 2.06 and a beta of 1.75. Foot Locker, Inc. has a 1-year low of $11.00 and a 1-year high of $33.94.

Foot Locker (NYSE:FL - Get Free Report) last issued its quarterly earnings data on Thursday, May 29th. The athletic footwear retailer reported ($0.07) earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of ($0.07). The business had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.86 billion. Foot Locker had a positive return on equity of 3.65% and a negative net margin of 4.54%. The business's revenue for the quarter was down 4.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.22 EPS. As a group, research analysts expect 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.