27,146 Shares in Foot Locker, Inc. (NYSE:FL) Bought by Virtu Financial LLC

Virtu Financial LLC acquired a new stake in shares of Foot Locker, Inc. (NYSE:FL) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 27,146 shares of the athletic footwear retailer’s stock, valued at approximately $701,000.

Several other hedge funds and other institutional investors have also made changes to their positions in FL. Allspring Global Investments Holdings LLC grew its position in Foot Locker by 23.8% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,900,439 shares of the athletic footwear retailer’s stock valued at $72,279,000 after acquiring an additional 557,489 shares during the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of Foot Locker during the second quarter valued at $10,005,000. Stifel Financial Corp increased its stake in Foot Locker by 43.3% in the 3rd quarter. Stifel Financial Corp now owns 897,904 shares of the athletic footwear retailer’s stock worth $23,202,000 after buying an additional 271,297 shares during the period. Jacobs Levy Equity Management Inc. increased its stake in Foot Locker by 10.3% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,135,474 shares of the athletic footwear retailer’s stock worth $29,341,000 after buying an additional 106,402 shares during the period. Finally, Neo Ivy Capital Management bought a new stake in Foot Locker during the 3rd quarter valued at about $2,636,000.

Foot Locker Trading Up 1.3 %

NYSE:FL opened at $21.80 on Friday. The stock has a market capitalization of $2.07 billion, a price-to-earnings ratio of -4.83, a PEG ratio of 0.86 and a beta of 1.46. Foot Locker, Inc. has a 52 week low of $19.33 and a 52 week high of $35.60. The company has a quick ratio of 0.45, a current ratio of 1.67 and a debt-to-equity ratio of 0.15. The firm has a 50 day moving average of $23.58 and a 200 day moving average of $25.80.

Foot Locker (NYSE:FL) last issued its quarterly earnings data on Wednesday, December 4th. The athletic footwear retailer reported $0.33 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.07). Foot Locker had a negative net margin of 5.24% and a positive return on equity of 2.91%. The business had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $2.01 billion. During the same quarter in the prior year, the company posted $0.30 EPS. The business’s revenue for the quarter was down 1.4% on a year-over-year basis. As a group, sell-side analysts anticipate that Foot Locker, Inc. will post 1.23 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Evercore ISI reduced their target price on shares of Foot Locker from $38.00 to $32.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 26th. JPMorgan Chase & Co. reduced their price objective on Foot Locker from $27.00 to $23.00 and set an “underweight” rating on the stock in a report on Wednesday, December 4th. Needham & Company LLC reaffirmed a “buy” rating and set a $27.00 target price on shares of Foot Locker in a research report on Wednesday, December 4th. Morgan Stanley dropped their price target on Foot Locker from $17.00 to $16.00 and set an “underweight” rating on the stock in a research report on Friday, December 6th. Finally, Barclays cut their price target on Foot Locker from $34.00 to $29.00 and set an “overweight” rating on the stock in a research note on Friday, December 6th. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Foot Locker presently has an average rating of “Hold” and an average price target of $25.29.

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.