J. Goldman & Co LP Acquires New Stake in Foot Locker, Inc. (NYSE:FL)

J. Goldman & Co LP acquired a new stake in Foot Locker, Inc. (NYSE:FL - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 41,001 shares of the athletic footwear retailer's stock, valued at approximately $892,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Harbour Investments Inc. increased its holdings in shares of Foot Locker by 81.6% in the fourth quarter. Harbour Investments Inc. now owns 1,442 shares of the athletic footwear retailer's stock valued at $31,000 after purchasing an additional 648 shares during the last quarter. Aster Capital Management DIFC Ltd purchased a new position in shares of Foot Locker during the 4th quarter worth $32,000. R Squared Ltd acquired a new position in shares of Foot Locker during the 4th quarter valued at about $50,000. Sterling Capital Management LLC boosted its position in shares of Foot Locker by 819.2% during the 4th quarter. Sterling Capital Management LLC now owns 2,629 shares of the athletic footwear retailer's stock valued at $57,000 after acquiring an additional 2,343 shares during the last quarter. Finally, Pingora Partners LLC purchased a new stake in shares of Foot Locker in the fourth quarter valued at about $61,000.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on FL shares. Telsey Advisory Group restated a "market perform" rating and issued a $24.00 target price on shares of Foot Locker in a research report on Wednesday, March 5th. The Goldman Sachs Group reduced their price objective on shares of Foot Locker from $19.00 to $17.00 and set a "sell" rating on the stock in a report on Tuesday, April 22nd. Evercore ISI lowered their target price on shares of Foot Locker from $22.00 to $15.00 and set an "outperform" rating for the company in a research note on Friday, April 11th. Robert W. Baird dropped their price target on shares of Foot Locker from $24.00 to $20.00 and set a "neutral" rating for the company in a research report on Thursday, March 6th. Finally, StockNews.com lowered shares of Foot Locker from a "hold" rating to a "sell" rating in a report on Friday, April 11th. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $21.25.

Foot Locker Price Performance

Shares of NYSE:FL opened at $12.03 on Monday. Foot Locker, Inc. has a 12 month low of $11.00 and a 12 month high of $33.94. The firm has a market capitalization of $1.15 billion, a P/E ratio of -2.67, a P/E/G ratio of 0.53 and a beta of 1.42. 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's fifty day moving average price is $13.75 and its 200 day moving average price is $18.80.

Foot Locker (NYSE:FL - Get Free Report) last issued its quarterly earnings data on Wednesday, March 5th. The athletic footwear retailer reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.13. Foot Locker had a positive return on equity of 2.91% and a negative net margin of 5.24%. 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 company posted $0.38 earnings per share. The business's quarterly revenue was down 5.7% compared to the same quarter last year. As a group, sell-side analysts predict that Foot Locker, Inc. will post 1.23 earnings per share for the current fiscal 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.

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