Game Creek Capital LP Acquires Shares of 30,000 Foot Locker, Inc. (NYSE:FL)

Game Creek Capital LP bought a new position in shares of Foot Locker, Inc. (NYSE:FL - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 30,000 shares of the athletic footwear retailer's stock, valued at approximately $653,000.

Other large investors also recently made changes to their positions in the company. Graham Capital Management L.P. increased its holdings in shares of Foot Locker by 73.6% in the fourth quarter. Graham Capital Management L.P. now owns 44,596 shares of the athletic footwear retailer's stock valued at $970,000 after purchasing an additional 18,908 shares in the last quarter. Collar Capital Management LLC acquired a new stake in shares of Foot Locker in the 4th quarter valued at $1,877,000. Bridgeway Capital Management LLC raised its position in shares of Foot Locker by 14.8% during the fourth quarter. Bridgeway Capital Management LLC now owns 732,558 shares of the athletic footwear retailer's stock worth $15,940,000 after acquiring an additional 94,624 shares during the last quarter. Brevan Howard Capital Management LP acquired a new position in shares of Foot Locker during the fourth quarter valued at $406,000. Finally, Baird Financial Group Inc. acquired a new position in shares of Foot Locker during the fourth quarter valued at $312,000.

Foot Locker Stock Up 0.9%

Shares of FL traded up $0.12 during midday trading on Tuesday, hitting $13.40. The stock had a trading volume of 385,034 shares, compared to its average volume of 3,498,923. The firm has a market cap of $1.28 billion, a price-to-earnings ratio of -2.98, a price-to-earnings-growth ratio of 0.53 and a beta of 1.42. The company has a 50 day simple moving average of $13.65 and a two-hundred day simple moving average of $18.72. Foot Locker, Inc. has a twelve month low of $11.00 and a twelve month 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.

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

Analyst Ratings Changes

FL has been the subject of several recent research reports. JPMorgan Chase & Co. dropped their price objective on Foot Locker from $19.00 to $16.00 and set an "underweight" rating for the company in a report on Monday, April 14th. UBS Group lowered their price target on shares of Foot Locker from $22.00 to $21.00 and set a "neutral" rating for the company in a research report on Thursday, March 6th. Morgan Stanley cut their price objective on shares of Foot Locker from $16.00 to $14.00 and set an "underweight" rating on the stock in a report on Tuesday, May 6th. Needham & Company LLC reaffirmed a "buy" rating and set a $24.00 price objective on shares of Foot Locker in a research note on Wednesday, March 5th. Finally, Telsey Advisory Group reissued a "market perform" rating and issued a $24.00 target price on shares of Foot Locker in a research note on Wednesday, March 5th. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $20.63.

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.