GAMMA Investing LLC Has $491,000 Holdings in Foot Locker, Inc. (NYSE:FL)

GAMMA Investing LLC lifted its holdings in Foot Locker, Inc. (NYSE:FL) by 4,843.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 34,799 shares of the athletic footwear retailer’s stock after purchasing an additional 34,095 shares during the period. GAMMA Investing LLC’s holdings in Foot Locker were worth $491,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. lifted its stake in shares of Foot Locker by 2.0% in the 4th quarter. Vanguard Group Inc. now owns 10,505,006 shares of the athletic footwear retailer’s stock valued at $228,589,000 after purchasing an additional 210,832 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its holdings in Foot Locker by 67.9% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 1,906,406 shares of the athletic footwear retailer’s stock worth $41,483,000 after acquiring an additional 770,932 shares during the period. American Century Companies Inc. raised its holdings in Foot Locker by 5.2% in the 4th quarter. American Century Companies Inc. now owns 1,659,206 shares of the athletic footwear retailer’s stock worth $36,104,000 after acquiring an additional 81,814 shares during the period. Cramer Rosenthal Mcglynn LLC bought a new position in Foot Locker in the 4th quarter worth $34,835,000. Finally, Bank of New York Mellon Corp raised its holdings in Foot Locker by 30.4% in the 4th quarter. Bank of New York Mellon Corp now owns 1,429,870 shares of the athletic footwear retailer’s stock worth $31,114,000 after acquiring an additional 333,247 shares during the period.

Analyst Ratings Changes

Several brokerages recently commented on FL. UBS Group dropped their target price on shares of Foot Locker from $22.00 to $21.00 and set a “neutral” rating on the stock in a report on Thursday, March 6th. Wall Street Zen downgraded shares of Foot Locker from a “hold” rating to a “sell” rating in a report on Friday, April 11th. The Goldman Sachs Group dropped their target price 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. Barclays downgraded shares of Foot Locker from an “overweight” rating to an “equal weight” rating in a report on Thursday, May 29th. Finally, Morgan Stanley dropped their price objective 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. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Foot Locker currently has a consensus rating of “Hold” and an average price target of $21.20.

Foot Locker Price Performance

Shares of Foot Locker stock opened at $24.00 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.49 and a current ratio of 1.64. The firm’s 50-day simple moving average is $18.26 and its 200-day simple moving average is $18.63. Foot Locker, Inc. has a twelve month low of $11.00 and a twelve month high of $33.94. The firm has a market cap of $2.29 billion, a P/E ratio of -6.36, a price-to-earnings-growth ratio of 1.98 and a beta of 1.74.

Foot Locker (NYSE:FL) last issued its earnings results on Thursday, May 29th. The athletic footwear retailer reported ($0.07) earnings per share for the quarter, meeting the consensus estimate of ($0.07). Foot Locker had a negative net margin of 4.54% and a positive return on equity of 3.65%. The business had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same period in the previous year, the business earned $0.22 EPS. The firm’s revenue was down 4.6% on a year-over-year basis. As a group, research analysts expect that Foot Locker, Inc. will post 1.23 EPS for the current fiscal year.

Foot Locker 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.