Peregrine Capital Management LLC raised its holdings in shares of Foot Locker, Inc. (NYSE:FL) by 1.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 168,766 shares of the athletic footwear retailer’s stock after acquiring an additional 2,426 shares during the period. Peregrine Capital Management LLC owned approximately 0.16% of Foot Locker worth $4,921,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Chartwell Investment Partners LLC grew its holdings in shares of Foot Locker by 24.7% during the second quarter. Chartwell Investment Partners LLC now owns 309,885 shares of the athletic footwear retailer’s stock worth $9,036,000 after buying an additional 61,312 shares in the last quarter. State of Michigan Retirement System grew its holdings in shares of Foot Locker by 27.6% during the second quarter. State of Michigan Retirement System now owns 37,924 shares of the athletic footwear retailer’s stock worth $1,106,000 after buying an additional 8,196 shares in the last quarter. Duality Advisers LP purchased a new stake in shares of Foot Locker during the second quarter worth $3,254,000. Zweig DiMenna Associates LLC acquired a new position in shares of Foot Locker during the 2nd quarter valued at about $7,962,000. Finally, Sciencast Management LP acquired a new position in shares of Foot Locker during the 2nd quarter valued at about $1,021,000. Institutional investors and hedge funds own 87.75% of the company’s stock.
Several research analysts have recently weighed in on FL shares. Deutsche Bank boosted their price target on shares of Foot Locker from $27.00 to $32.00 and gave the company a “hold” rating in a research report on Tuesday, May 26th. Pivotal Research lowered their price target on shares of Foot Locker from $45.00 to $37.00 and set a “buy” rating on the stock in a research report on Tuesday, May 19th. Raymond James lowered their price target on shares of Foot Locker from $50.00 to $30.00 and set an “outperform” rating on the stock in a research report on Friday, May 8th. Susquehanna Bancshares raised shares of Foot Locker from a “neutral” rating to a “positive” rating and boosted their price target for the company from $25.00 to $34.00 in a research report on Friday, July 10th. Finally, B. Riley cut shares of Foot Locker from a “buy” rating to a “neutral” rating and set a $32.00 price target on the stock. in a research report on Monday, June 22nd. Three 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. The stock currently has an average rating of “Hold” and an average target price of $33.60.
Shares of NYSE:FL opened at $29.39 on Friday. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.67 and a quick ratio of 0.78. The firm has a market capitalization of $3.06 billion, a PE ratio of 13.86, a price-to-earnings-growth ratio of 4.02 and a beta of 1.37. The firm’s 50-day moving average is $28.98 and its two-hundred day moving average is $29.72. Foot Locker, Inc. has a 1 year low of $17.46 and a 1 year high of $47.86.
Foot Locker (NYSE:FL) last issued its quarterly earnings results on Friday, May 22nd. The athletic footwear retailer reported ($0.67) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.17) by ($0.50). The business had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.31 billion. Foot Locker had a return on equity of 12.13% and a net margin of 3.21%. The firm’s revenue for the quarter was down 43.4% on a year-over-year basis. During the same quarter last year, the company earned $1.53 earnings per share. Analysts expect that Foot Locker, Inc. will post 0.71 EPS for the current fiscal year.
Foot Locker Company 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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