Schonfeld Strategic Advisors LLC Buys 95,401 Shares of Foot Locker, Inc. (NYSE:FL)

Schonfeld Strategic Advisors LLC grew its stake in shares of Foot Locker, Inc. (NYSE:FL) by 16.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 664,802 shares of the athletic footwear retailer’s stock after purchasing an additional 95,401 shares during the period. Schonfeld Strategic Advisors LLC owned approximately 0.70% of Foot Locker worth $14,466,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Harbour Investments Inc. grew its position in Foot Locker by 81.6% in the 4th quarter. Harbour Investments Inc. now owns 1,442 shares of the athletic footwear retailer’s stock worth $31,000 after purchasing an additional 648 shares in the last quarter. Aster Capital Management DIFC Ltd purchased a new stake in shares of Foot Locker during the 4th quarter valued at approximately $32,000. R Squared Ltd purchased a new stake in shares of Foot Locker during the 4th quarter valued at approximately $50,000. Sterling Capital Management LLC lifted its stake in Foot Locker by 819.2% in the 4th quarter. Sterling Capital Management LLC now owns 2,629 shares of the athletic footwear retailer’s stock worth $57,000 after purchasing an additional 2,343 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new stake in Foot Locker in the 3rd quarter worth approximately $58,000.

Foot Locker Stock Performance

Shares of Foot Locker stock opened at $12.79 on Wednesday. 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 stock’s fifty day moving average is $14.62 and its two-hundred day moving average is $19.50. Foot Locker, Inc. has a 52 week low of $11.00 and a 52 week high of $33.94. The company has a market capitalization of $1.22 billion, a PE ratio of -2.84, a price-to-earnings-growth ratio of 0.53 and a beta of 1.41.

Foot Locker (NYSE:FL) last released its quarterly earnings data on Wednesday, March 5th. The athletic footwear retailer reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.13. Foot Locker had a negative net margin of 5.24% and a positive return on equity of 2.91%. The company had revenue of $2.25 billion during the quarter, compared to analysts’ expectations of $2.32 billion. During the same period in the previous year, the company earned $0.38 EPS. The firm’s quarterly revenue was down 5.7% on a year-over-year basis. As a group, analysts expect that Foot Locker, Inc. will post 1.23 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Barclays set a $24.00 price objective on shares of Foot Locker in a research note on Wednesday, March 5th. Needham & Company LLC reiterated a “buy” rating and set a $24.00 target price on shares of Foot Locker in a report on Wednesday, March 5th. JPMorgan Chase & Co. cut their price target on Foot Locker from $19.00 to $16.00 and set an “underweight” rating on the stock in a research note on Monday, April 14th. Telsey Advisory Group reissued a “market perform” rating and set a $24.00 price objective on shares of Foot Locker in a research report on Wednesday, March 5th. Finally, Evercore ISI dropped their target price on shares of Foot Locker from $22.00 to $15.00 and set an “outperform” rating on the stock in a research note on Friday, April 11th. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Foot Locker presently has an average rating of “Hold” and a consensus price target of $21.38.

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.