Numerai GP LLC Invests $448,000 in Foot Locker, Inc. (NYSE:FL)

Numerai GP LLC bought a new stake in shares of Foot Locker, Inc. (NYSE:FL - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 20,583 shares of the athletic footwear retailer's stock, valued at approximately $448,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC lifted its holdings in shares of Foot Locker by 88.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 5,323,597 shares of the athletic footwear retailer's stock worth $115,365,000 after purchasing an additional 2,500,396 shares during the period. Cramer Rosenthal Mcglynn LLC purchased a new stake in shares of Foot Locker during the 4th quarter worth $34,835,000. Cooper Creek Partners Management LLC purchased a new position in Foot Locker during the 4th quarter valued at about $30,416,000. Segall Bryant & Hamill LLC purchased a new stake in shares of Foot Locker during the 4th quarter valued at $18,640,000. Finally, Jacobs Levy Equity Management Inc. lifted its position in shares of Foot Locker by 67.9% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 1,906,406 shares of the athletic footwear retailer's stock worth $41,483,000 after purchasing an additional 770,932 shares in the last quarter.

Foot Locker Stock Performance

NYSE FL traded down $0.04 on Monday, hitting $23.81. 8,483,564 shares of the company's stock were exchanged, compared to its average volume of 3,949,313. 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 firm has a market cap of $2.27 billion, a price-to-earnings ratio of -5.28, a P/E/G ratio of 0.53 and a beta of 1.42. Foot Locker, Inc. has a fifty-two week low of $11.00 and a fifty-two week high of $33.94. The firm's 50-day moving average price is $13.73 and its two-hundred day moving average price is $18.59.

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

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on FL. Jefferies Financial Group lowered their price target on Foot Locker from $22.00 to $19.00 and set a "hold" rating on the stock in a research report on Wednesday, March 5th. Robert W. Baird upped their target price on shares of Foot Locker from $14.00 to $24.00 and gave the stock a "neutral" rating in a report on Friday. JPMorgan Chase & Co. upgraded Foot Locker from an "underweight" rating to a "neutral" rating and boosted their target price for the stock from $16.00 to $24.00 in a research report on Thursday. StockNews.com lowered shares of Foot Locker from a "hold" rating to a "sell" rating in a report on Friday, April 11th. Finally, Piper Sandler reduced their price target on Foot Locker from $19.00 to $12.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $21.19.

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.