Foot Locker, Inc. (NYSE:FL) Shares Purchased by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. boosted its position in Foot Locker, Inc. (NYSE:FL) by 67.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,906,406 shares of the athletic footwear retailer’s stock after purchasing an additional 770,932 shares during the period. Jacobs Levy Equity Management Inc.’s holdings in Foot Locker were worth $41,483,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in FL. Summit Investment Advisors Inc. increased its holdings in shares of Foot Locker by 6.9% in the fourth quarter. Summit Investment Advisors Inc. now owns 8,728 shares of the athletic footwear retailer’s stock valued at $190,000 after buying an additional 562 shares in the last quarter. Harbour Investments Inc. raised its stake in Foot Locker by 81.6% during the 4th quarter. Harbour Investments Inc. now owns 1,442 shares of the athletic footwear retailer’s stock valued at $31,000 after purchasing an additional 648 shares during the period. Foundry Partners LLC raised its stake in Foot Locker by 8.8% during the 4th quarter. Foundry Partners LLC now owns 12,784 shares of the athletic footwear retailer’s stock valued at $278,000 after purchasing an additional 1,031 shares during the period. Aster Capital Management DIFC Ltd acquired a new position in shares of Foot Locker in the fourth quarter worth $32,000. Finally, Smartleaf Asset Management LLC increased its stake in shares of Foot Locker by 198.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,876 shares of the athletic footwear retailer’s stock worth $63,000 after acquiring an additional 1,911 shares during the last quarter.

Analysts Set New Price Targets

FL has been the topic of several analyst reports. Barclays set a $24.00 target price on shares of Foot Locker in a research report on Wednesday, March 5th. Robert W. Baird reduced their target price on shares of Foot Locker from $24.00 to $20.00 and set a “neutral” rating for the company in a research note on Thursday, March 6th. Jefferies Financial Group cut their price target on shares of Foot Locker from $22.00 to $19.00 and set a “hold” rating for the company in a research note on Wednesday, March 5th. Needham & Company LLC restated a “buy” rating and set a $24.00 price target on shares of Foot Locker in a research note on Wednesday, March 5th. Finally, The Goldman Sachs Group cut their target price on shares of Foot Locker from $19.00 to $17.00 and set a “sell” rating for the company in a research note on Tuesday, April 22nd. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat, Foot Locker presently has an average rating of “Hold” and an average price target of $21.25.

Foot Locker Stock Performance

NYSE FL opened at $12.03 on Monday. The company has a current ratio of 1.67, a quick ratio of 0.45 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $1.15 billion, a price-to-earnings ratio of -2.67, a P/E/G ratio of 0.53 and a beta of 1.42. The firm’s 50 day simple moving average is $13.75 and its 200 day simple moving average is $18.80. Foot Locker, Inc. has a 1 year low of $11.00 and a 1 year high of $33.94.

Foot Locker (NYSE:FL) last issued its earnings results on Wednesday, March 5th. The athletic footwear retailer reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $2.25 billion for the quarter, compared to analyst estimates of $2.32 billion. During the same quarter last year, the business posted $0.38 earnings per share. The company’s quarterly revenue was down 5.7% on a year-over-year basis. As a group, research analysts expect that Foot Locker, Inc. will post 1.23 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.