Bridgeway Capital Management LLC Buys 94,624 Shares of Foot Locker, Inc. (NYSE:FL)

Bridgeway Capital Management LLC grew its holdings in shares of Foot Locker, Inc. (NYSE:FL - Free Report) by 14.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 732,558 shares of the athletic footwear retailer's stock after purchasing an additional 94,624 shares during the period. Bridgeway Capital Management LLC owned approximately 0.77% of Foot Locker worth $15,940,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC raised its holdings in Foot Locker by 88.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 5,323,597 shares of the athletic footwear retailer's stock worth $115,365,000 after buying an additional 2,500,396 shares during the period. Cramer Rosenthal Mcglynn LLC acquired a new stake in shares of Foot Locker during the fourth quarter valued at approximately $34,835,000. Cooper Creek Partners Management LLC purchased a new stake in shares of Foot Locker in the 4th quarter valued at approximately $30,416,000. Segall Bryant & Hamill LLC acquired a new position in Foot Locker in the 4th quarter worth approximately $18,640,000. Finally, Bank of New York Mellon Corp grew its position in Foot Locker by 30.4% during the 4th quarter. Bank of New York Mellon Corp now owns 1,429,870 shares of the athletic footwear retailer's stock worth $31,114,000 after purchasing an additional 333,247 shares in the last quarter.

Foot Locker Stock Performance

Shares of FL stock traded down $0.19 during trading on Friday, reaching $12.03. The company had a trading volume of 2,437,973 shares, compared to its average volume of 3,492,609. The firm's 50 day simple moving average is $13.75 and its two-hundred day simple moving average is $18.86. Foot Locker, Inc. has a one year low of $11.00 and a one year high of $33.94. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.67 and a quick ratio of 0.45. The company has a market capitalization of $1.15 billion, a PE ratio of -2.67, a PEG ratio of 0.53 and a beta of 1.42.

Foot Locker (NYSE:FL - Get Free Report) last released its quarterly earnings results on Wednesday, March 5th. The athletic footwear retailer reported $0.86 EPS for the quarter, beating analysts' consensus estimates of $0.73 by $0.13. Foot Locker had a negative net margin of 5.24% and a positive return on equity of 2.91%. The company had revenue of $2.25 billion for the quarter, compared to analyst estimates of $2.32 billion. During the same quarter last year, the firm posted $0.38 earnings per share. The company's quarterly revenue was down 5.7% compared to the same quarter last year. Sell-side analysts forecast that Foot Locker, Inc. will post 1.23 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on FL. Citigroup cut Foot Locker from a "neutral" rating to a "mixed" rating in a research report on Tuesday. UBS Group lowered their target price on Foot Locker from $22.00 to $21.00 and set a "neutral" rating on the stock in a research note on Thursday, March 6th. Evercore ISI reduced their price target on shares of Foot Locker from $22.00 to $15.00 and set an "outperform" rating for the company in a research report on Friday, April 11th. Needham & Company LLC restated a "buy" rating and set a $24.00 price target on shares of Foot Locker in a report on Wednesday, March 5th. Finally, Telsey Advisory Group reiterated a "market perform" rating and issued a $24.00 price objective on shares of Foot Locker in a research note on Wednesday, March 5th. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Foot Locker currently has an average rating of "Hold" and an average price target of $21.25.

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.