Peregrine Capital Management LLC boosted its holdings in shares of Foot Locker, Inc. (NYSE:FL) by 1.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 168,766 shares of the athletic footwear retailer’s stock after buying an additional 2,426 shares during the period. Peregrine Capital Management LLC’s holdings in Foot Locker were worth $4,921,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also bought and sold shares of the company. Sunbelt Securities Inc. acquired a new position in Foot Locker during the fourth quarter valued at $3,899,000. CWM Advisors LLC acquired a new position in Foot Locker during the first quarter valued at $26,000. Verus Capital Partners LLC acquired a new position in Foot Locker during the fourth quarter valued at $61,000. Parallel Advisors LLC increased its position in Foot Locker by 226.1% in the 1st quarter. Parallel Advisors LLC now owns 2,058 shares of the athletic footwear retailer’s stock worth $45,000 after purchasing an additional 1,427 shares during the last quarter. Finally, Parkside Financial Bank & Trust increased its position in Foot Locker by 150.0% in the 1st quarter. Parkside Financial Bank & Trust now owns 2,255 shares of the athletic footwear retailer’s stock worth $50,000 after purchasing an additional 1,353 shares during the last quarter. 87.75% of the stock is currently owned by hedge funds and other institutional investors.
Several brokerages have weighed in on FL. Deutsche Bank upped their target price on Foot Locker from $27.00 to $32.00 and gave the stock a “hold” rating in a research report on Tuesday, May 26th. Wedbush reaffirmed a “buy” rating and issued a $34.00 target price on shares of Foot Locker in a research report on Friday, July 17th. UBS Group upped their target price on Foot Locker from $28.00 to $29.00 and gave the stock a “neutral” rating in a research report on Thursday, May 28th. Raymond James dropped their target price on Foot Locker from $50.00 to $30.00 and set an “outperform” rating on the stock in a research report on Friday, May 8th. Finally, Morgan Stanley dropped their target price on Foot Locker from $24.00 to $23.00 and set an “equal weight” rating on the stock in a research report on Tuesday, May 26th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Foot Locker currently has a consensus rating of “Hold” and a consensus price target of $33.60.
Foot Locker (NYSE:FL) last announced its earnings results on Friday, May 22nd. The athletic footwear retailer reported ($0.67) earnings per share for the quarter, missing the consensus estimate of ($0.17) by ($0.50). Foot Locker had a net margin of 3.21% and a return on equity of 12.13%. The business had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter in the previous year, the company earned $1.53 EPS. Foot Locker’s revenue for the quarter was down 43.4% compared to the same quarter last year. Analysts anticipate that Foot Locker, Inc. will post 0.71 EPS for the current year.
Foot Locker Profile
Foot Locker, Inc, through its subsidiaries, operates as an athletic shoes and apparel retailer. The company operates in two segments, Athletic Stores and Direct-to-Customers. The Athletic Stores segment retails athletic footwear, apparel, accessories, and equipment under various formats, including Foot Locker, Kids Foot Locker, Lady Foot Locker, Champs Sports, Footaction, Runners Point, Sidestep, and SIX:02.
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