Foot Locker, Inc. $FL Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC raised its position in shares of Foot Locker, Inc. (NYSE:FL) by 185.1% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,036 shares of the athletic footwear retailer’s stock after buying an additional 4,568 shares during the quarter. GAMMA Investing LLC’s holdings in Foot Locker were worth $172,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of FL. Invenomic Capital Management LP raised its stake in Foot Locker by 766.9% during the first quarter. Invenomic Capital Management LP now owns 737,068 shares of the athletic footwear retailer’s stock valued at $10,393,000 after buying an additional 652,045 shares in the last quarter. Jump Financial LLC grew its holdings in shares of Foot Locker by 691.4% during the first quarter. Jump Financial LLC now owns 472,118 shares of the athletic footwear retailer’s stock valued at $6,657,000 after purchasing an additional 412,461 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its holdings in shares of Foot Locker by 20.2% during the first quarter. Jacobs Levy Equity Management Inc. now owns 2,290,707 shares of the athletic footwear retailer’s stock valued at $32,299,000 after purchasing an additional 384,301 shares during the last quarter. Landscape Capital Management L.L.C. bought a new position in shares of Foot Locker during the first quarter valued at approximately $5,311,000. Finally, Trexquant Investment LP bought a new position in shares of Foot Locker during the first quarter valued at approximately $4,268,000.

Insider Activity at Foot Locker

In other news, President Franklin Bracken sold 14,922 shares of the stock in a transaction on Friday, August 29th. The stock was sold at an average price of $24.50, for a total transaction of $365,589.00. Following the completion of the sale, the president owned 213,496 shares in the company, valued at approximately $5,230,652. This represents a 6.53% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on FL shares. Wall Street Zen lowered Foot Locker to a “strong sell” rating in a report on Saturday, August 30th. Telsey Advisory Group reissued a “market perform” rating and issued a $24.00 price objective on shares of Foot Locker in a report on Tuesday, September 9th. Zacks Research raised Foot Locker from a “strong sell” rating to a “hold” rating in a report on Monday, August 18th. Robert W. Baird increased their price objective on Foot Locker from $24.00 to $26.00 and gave the stock a “neutral” rating in a report on Thursday, August 28th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Foot Locker in a report on Wednesday, August 27th. Two equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $21.33.

Foot Locker Trading Down 0.3%

Shares of Foot Locker stock opened at $24.03 on Tuesday. Foot Locker, Inc. has a fifty-two week low of $11.00 and a fifty-two week high of $29.24. The business has a fifty day simple moving average of $24.89 and a 200-day simple moving average of $21.00. The firm has a market cap of $2.30 billion, a price-to-earnings ratio of -5.96, a price-to-earnings-growth ratio of 2.17 and a beta of 1.79. The company has a quick ratio of 0.45, a current ratio of 1.59 and a debt-to-equity ratio of 0.17.

Foot Locker (NYSE:FL) last announced its quarterly earnings data on Wednesday, August 27th. The athletic footwear retailer reported ($0.27) EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.32). Foot Locker had a negative net margin of 4.90% and a positive return on equity of 2.92%. The company had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same quarter last year, the company posted ($0.05) EPS. Foot Locker’s revenue was down 2.3% on a year-over-year basis. On average, equities analysts forecast 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.