Foot Locker, Inc. (NYSE:FL) Shares Bought by Graham Capital Management L.P.

Graham Capital Management L.P. boosted its holdings in Foot Locker, Inc. (NYSE:FL - Free Report) by 73.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 44,596 shares of the athletic footwear retailer's stock after acquiring an additional 18,908 shares during the quarter. Graham Capital Management L.P.'s holdings in Foot Locker were worth $970,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of FL. Moody National Bank Trust Division purchased a new position in shares of Foot Locker during the 4th quarter worth $610,000. Renaissance Technologies LLC purchased a new stake in Foot Locker in the 4th quarter valued at about $5,473,000. Allspring Global Investments Holdings LLC grew its holdings in Foot Locker by 88.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 5,323,597 shares of the athletic footwear retailer's stock valued at $115,365,000 after buying an additional 2,500,396 shares during the period. Smartleaf Asset Management LLC grew its holdings in Foot Locker by 198.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,876 shares of the athletic footwear retailer's stock valued at $63,000 after buying an additional 1,911 shares during the period. Finally, Sei Investments Co. grew its holdings in Foot Locker by 140.8% in the 4th quarter. Sei Investments Co. now owns 412,988 shares of the athletic footwear retailer's stock valued at $8,987,000 after buying an additional 241,504 shares during the period.

Foot Locker Stock Down 0.3%

NYSE:FL traded down $0.07 during mid-day trading on Friday, reaching $23.84. The stock had a trading volume of 18,662,945 shares, compared to its average volume of 3,925,316. 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 $2.27 billion, a price-to-earnings ratio of -5.28, a price-to-earnings-growth ratio of 0.53 and a beta of 1.42. Foot Locker, Inc. has a 1-year low of $11.00 and a 1-year high of $33.94. The stock's 50 day simple moving average is $13.73 and its two-hundred day simple moving average is $18.65.

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, topping the consensus estimate of $0.73 by $0.13. The company had revenue of $2.25 billion during the quarter, compared to analyst estimates of $2.32 billion. Foot Locker had a positive return on equity of 2.91% and a negative net margin of 5.24%. The business's revenue was down 5.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.38 EPS. Equities analysts anticipate that Foot Locker, Inc. will post 1.23 EPS for the current year.

Wall Street Analyst Weigh In

FL has been the topic of a number of recent analyst reports. Citigroup increased their price target on shares of Foot Locker from $20.00 to $24.00 and gave the stock a "neutral" rating in a research note on Friday. UBS Group lowered their price target on Foot Locker from $22.00 to $21.00 and set a "neutral" rating for the company in a research report on Thursday, March 6th. The Goldman Sachs Group lowered 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. Piper Sandler cut their price target on shares of Foot Locker from $19.00 to $12.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. Finally, Needham & Company LLC restated a "hold" rating and issued a $24.00 price target on shares of Foot Locker in a report on Thursday. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $21.19.

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.