Aster Capital Management DIFC Ltd Buys Shares of 1,483 Foot Locker, Inc. (NYSE:FL)

Aster Capital Management DIFC Ltd purchased a new position in Foot Locker, Inc. (NYSE:FL) in the 4th quarter, HoldingsChannel reports. The institutional investor purchased 1,483 shares of the athletic footwear retailer’s stock, valued at approximately $32,000.

Several other large investors have also recently made changes to their positions in FL. Allspring Global Investments Holdings LLC raised its position in shares of Foot Locker by 88.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 5,323,597 shares of the athletic footwear retailer’s stock worth $115,365,000 after acquiring an additional 2,500,396 shares in the last quarter. Segall Bryant & Hamill LLC bought a new position in shares of Foot Locker in the 4th quarter worth $18,640,000. Bank of New York Mellon Corp raised its position in shares of 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 in the last quarter. Sei Investments Co. increased its position in Foot Locker by 140.8% during the 4th quarter. Sei Investments Co. now owns 412,988 shares of the athletic footwear retailer’s stock valued at $8,987,000 after buying an additional 241,504 shares in the last quarter. Finally, Peregrine Capital Management LLC acquired a new position in Foot Locker during the 4th quarter valued at about $5,123,000.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Needham & Company LLC reaffirmed a “buy” rating and set a $24.00 target price on shares of Foot Locker in a research report on Wednesday, March 5th. UBS Group reduced their target price on Foot Locker from $22.00 to $21.00 and set a “neutral” rating on the stock in a research report on Thursday, March 6th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $24.00 target price on shares of Foot Locker in a research report on Wednesday, March 5th. StockNews.com raised Foot Locker from a “sell” rating to a “hold” rating in a research report on Thursday, April 3rd. Finally, Evercore ISI reduced their target price on Foot Locker from $30.00 to $22.00 and set an “outperform” rating on the stock in a research report on Monday, March 3rd. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $22.81.

Foot Locker Stock Up 19.5 %

Shares of FL opened at $13.70 on Thursday. Foot Locker, Inc. has a 52 week low of $11.16 and a 52 week high of $33.94. 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 company has a market capitalization of $1.30 billion, a price-to-earnings ratio of -3.04, a PEG ratio of 0.53 and a beta of 1.41. The stock’s 50-day moving average price is $16.70 and its 200-day moving average price is $20.74.

Foot Locker (NYSE:FL) last issued its earnings results on Wednesday, March 5th. The athletic footwear retailer reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.13. Foot Locker had a positive return on equity of 2.91% and a negative net margin of 5.24%. The firm had revenue of $2.25 billion for the quarter, compared to the consensus estimate of $2.32 billion. During the same quarter in the prior year, the business earned $0.38 earnings per share. The company’s revenue was down 5.7% compared to the same quarter last year. On average, sell-side analysts predict that Foot Locker, Inc. will post 1.23 EPS for the current 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.