Numerai GP LLC Purchases New Holdings in Foot Locker, Inc. (NYSE:FL)

Numerai GP LLC purchased a new position in shares of Foot Locker, Inc. (NYSE:FL - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 20,583 shares of the athletic footwear retailer's stock, valued at approximately $448,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. grew its position in shares of Foot Locker by 66.5% in the fourth quarter. Ameriprise Financial Inc. now owns 541,659 shares of the athletic footwear retailer's stock valued at $11,786,000 after purchasing an additional 216,352 shares in the last quarter. Renaissance Technologies LLC acquired a new position in Foot Locker during the fourth quarter worth $5,473,000. Allspring Global Investments Holdings LLC increased its stake in shares of 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 worth $115,365,000 after acquiring an additional 2,500,396 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of Foot Locker by 198.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,876 shares of the athletic footwear retailer's stock worth $63,000 after acquiring an additional 1,911 shares during the period. Finally, Sei Investments Co. boosted its position in shares of Foot Locker by 140.8% during the 4th quarter. Sei Investments Co. now owns 412,988 shares of the athletic footwear retailer's stock valued at $8,987,000 after acquiring an additional 241,504 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on FL. JPMorgan Chase & Co. raised shares of Foot Locker from an "underweight" rating to a "neutral" rating and lifted their target price for the stock from $16.00 to $24.00 in a research note on Thursday, May 15th. Evercore ISI decreased their target price on Foot Locker from $22.00 to $15.00 and set an "outperform" rating on the stock in a research note on Friday, April 11th. Morgan Stanley cut their price target on shares of Foot Locker from $16.00 to $14.00 and set an "underweight" rating on the stock in a research note on Tuesday, May 6th. Citigroup lifted their price objective on shares of Foot Locker from $20.00 to $24.00 and gave the company a "neutral" rating in a report on Friday, May 16th. Finally, The Goldman Sachs Group decreased their price target on shares of Foot Locker from $19.00 to $17.00 and set a "sell" rating for the company in a research report on Tuesday, April 22nd. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $21.19.

Foot Locker Stock Down 0.8%

Shares of NYSE:FL traded down $0.21 during trading on Wednesday, hitting $23.92. 1,686,965 shares of the company were exchanged, compared to its average volume of 3,971,365. The firm's 50 day moving average price is $14.07 and its 200-day moving average price is $18.63. Foot Locker, Inc. has a 12-month low of $11.00 and a 12-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. The stock has a market capitalization of $2.28 billion, a P/E ratio of -5.30, a PEG ratio of 0.53 and a beta of 1.42.

Foot Locker (NYSE:FL - Get Free Report) last posted its earnings results 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 analysts' expectations 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% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.38 earnings per share. On average, research analysts predict that Foot Locker, Inc. will post 1.23 earnings per share for the current fiscal year.

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.