Lisanti Capital Growth LLC Takes Position in Foot Locker, Inc. (NYSE:FL)

Lisanti Capital Growth LLC acquired a new stake in shares of Foot Locker, Inc. (NYSE:FL) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 73,025 shares of the athletic footwear retailer’s stock, valued at approximately $2,275,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FL. CWM LLC grew its position in shares of Foot Locker by 26.7% in the fourth quarter. CWM LLC now owns 1,836 shares of the athletic footwear retailer’s stock valued at $57,000 after purchasing an additional 387 shares during the period. Signaturefd LLC raised its stake in shares of Foot Locker by 105.9% in the 3rd quarter. Signaturefd LLC now owns 5,272 shares of the athletic footwear retailer’s stock valued at $91,000 after acquiring an additional 2,712 shares during the period. International Assets Investment Management LLC acquired a new position in shares of Foot Locker during the 4th quarter valued at $100,000. Pathstone Family Office LLC purchased a new stake in Foot Locker during the 3rd quarter worth $180,000. Finally, L2 Asset Management LLC acquired a new stake in Foot Locker in the 3rd quarter valued at $195,000.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. UBS Group upgraded Foot Locker from a “sell” rating to a “neutral” rating and raised their target price for the company from $12.00 to $23.00 in a report on Monday, March 11th. Barclays lowered their price target on shares of Foot Locker from $26.00 to $22.00 and set an “equal weight” rating for the company in a report on Thursday, March 7th. Telsey Advisory Group reiterated a “market perform” rating and issued a $28.00 price objective (down previously from $38.00) on shares of Foot Locker in a report on Thursday, March 7th. Guggenheim lowered their target price on Foot Locker from $35.00 to $30.00 and set a “buy” rating for the company in a research note on Thursday, March 7th. Finally, StockNews.com cut Foot Locker from a “hold” rating to a “sell” rating in a research note on Tuesday, April 30th. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $24.56.

Foot Locker Stock Performance

Shares of FL stock traded up $0.33 on Tuesday, hitting $23.61. 3,227,221 shares of the stock traded hands, compared to its average volume of 3,608,651. The company’s fifty day moving average is $24.85 and its 200 day moving average is $26.41. Foot Locker, Inc. has a 1-year low of $14.84 and a 1-year high of $42.19. The company has a market capitalization of $2.23 billion, a PE ratio of -6.65, a PEG ratio of 0.52 and a beta of 1.50. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.72 and a quick ratio of 0.55.

Foot Locker (NYSE:FL) last issued its earnings results on Wednesday, March 6th. The athletic footwear retailer reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.04. Foot Locker had a negative net margin of 4.04% and a positive return on equity of 4.25%. The company had revenue of $2.38 billion for the quarter, compared to analysts’ expectations of $2.28 billion. During the same period in the prior year, the company earned $0.97 earnings per share. The firm’s revenue was up 2.0% compared to the same quarter last year. On average, equities research analysts predict that Foot Locker, Inc. will post 1.55 earnings per share for the current fiscal 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.