Foot Locker, Inc. (NYSE:FL) Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC boosted its position in Foot Locker, Inc. (NYSE:FL) by 1,391.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 98,301 shares of the athletic footwear retailer’s stock after acquiring an additional 91,708 shares during the quarter. SG Americas Securities LLC owned 0.10% of Foot Locker worth $1,386,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Summit Investment Advisors Inc. increased its holdings in shares of Foot Locker by 6.9% in the 4th quarter. Summit Investment Advisors Inc. now owns 8,728 shares of the athletic footwear retailer’s stock valued at $190,000 after acquiring an additional 562 shares during the period. Harbour Investments Inc. increased its holdings in shares of Foot Locker by 81.6% in the 4th quarter. Harbour Investments Inc. now owns 1,442 shares of the athletic footwear retailer’s stock valued at $31,000 after acquiring an additional 648 shares during the period. Foundry Partners LLC increased its holdings in shares of Foot Locker by 8.8% in the 4th quarter. Foundry Partners LLC now owns 12,784 shares of the athletic footwear retailer’s stock valued at $278,000 after acquiring an additional 1,031 shares during the period. Aster Capital Management DIFC Ltd acquired a new position in shares of Foot Locker in the 4th quarter valued at $32,000. Finally, GAMMA Investing LLC increased its holdings in shares of Foot Locker by 250.6% in the 1st quarter. GAMMA Investing LLC now owns 2,468 shares of the athletic footwear retailer’s stock valued at $35,000 after acquiring an additional 1,764 shares during the period.

Foot Locker Trading Up 0.3%

Shares of FL stock opened at $24.10 on Tuesday. The firm has a 50-day moving average price of $17.61 and a 200 day moving average price of $18.56. Foot Locker, Inc. has a twelve month low of $11.00 and a twelve month high of $33.94. The company has a market capitalization of $2.29 billion, a price-to-earnings ratio of -5.34, a PEG ratio of 0.53 and a beta of 1.74. The company has a current ratio of 1.67, a quick ratio of 0.45 and a debt-to-equity ratio of 0.15.

Foot Locker (NYSE:FL) last posted its quarterly earnings data on Thursday, May 29th. The athletic footwear retailer reported ($0.07) EPS for the quarter, meeting analysts’ consensus estimates of ($0.07). Foot Locker had a negative net margin of 5.24% and a positive return on equity of 2.91%. The company had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter in the prior year, the company posted $0.22 EPS. The company’s quarterly revenue was down 4.6% compared to the same quarter last year. Research analysts forecast that Foot Locker, Inc. will post 1.23 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently 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 company from $16.00 to $24.00 in a report on Thursday, May 15th. Morgan Stanley cut their target price 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. Barclays cut shares of Foot Locker from an “overweight” rating to an “equal weight” rating in a report on Thursday, May 29th. Wall Street Zen lowered shares of Foot Locker from a “hold” rating to a “sell” rating in a research report on Friday, April 11th. Finally, Evercore ISI lowered their price objective on shares of Foot Locker from $22.00 to $15.00 and set an “outperform” rating on the stock in a research report on Friday, April 11th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $21.20.

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.