Bayforest Capital Ltd Boosts Stock Position in Foot Locker, Inc. (NYSE:FL)

Bayforest Capital Ltd raised its holdings in Foot Locker, Inc. (NYSE:FL) by 246.8% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,682 shares of the athletic footwear retailer’s stock after purchasing an additional 10,449 shares during the period. Bayforest Capital Ltd’s holdings in Foot Locker were worth $207,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in FL. Aster Capital Management DIFC Ltd acquired a new stake in shares of Foot Locker during the fourth quarter worth $32,000. GAMMA Investing LLC grew its position in shares of Foot Locker by 250.6% during the 1st quarter. GAMMA Investing LLC now owns 2,468 shares of the athletic footwear retailer’s stock valued at $35,000 after buying an additional 1,764 shares during the last quarter. Sterling Capital Management LLC raised its stake in Foot Locker by 819.2% during the fourth quarter. Sterling Capital Management LLC now owns 2,629 shares of the athletic footwear retailer’s stock worth $57,000 after acquiring an additional 2,343 shares during the period. Pingora Partners LLC acquired a new stake in Foot Locker during the fourth quarter worth about $61,000. Finally, Signaturefd LLC lifted its holdings in Foot Locker by 27.2% in the first quarter. Signaturefd LLC now owns 4,579 shares of the athletic footwear retailer’s stock worth $65,000 after acquiring an additional 980 shares during the last quarter.

Insider Buying and Selling

In other Foot Locker news, CAO Giovanna Cipriano sold 22,383 shares of the company’s stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $24.90, for a total value of $557,336.70. Following the completion of the sale, the chief accounting officer directly owned 93,895 shares in the company, valued at $2,337,985.50. This represents a 19.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.89% of the stock is currently owned by insiders.

Foot Locker Price Performance

Shares of NYSE FL opened at $24.65 on Friday. The firm’s 50-day simple moving average is $24.53 and its 200 day simple moving average is $19.29. The stock has a market cap of $2.35 billion, a P/E ratio of -6.54, a P/E/G ratio of 2.09 and a beta of 1.75. The company has a quick ratio of 0.49, a current ratio of 1.64 and a debt-to-equity ratio of 0.17. Foot Locker, Inc. has a fifty-two week low of $11.00 and a fifty-two week high of $33.94.

Foot Locker (NYSE:FL) last released its quarterly earnings results on Thursday, May 29th. The athletic footwear retailer reported ($0.07) EPS for the quarter, hitting analysts’ consensus estimates of ($0.07). The company had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.86 billion. Foot Locker had a negative net margin of 4.54% and a positive return on equity of 3.65%. Foot Locker’s revenue was down 4.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.22 EPS. Equities analysts expect that Foot Locker, Inc. will post 1.23 EPS for the current year.

Wall Street Analyst Weigh In

FL has been the subject of several recent research reports. Piper Sandler lowered their target price on Foot Locker from $19.00 to $12.00 and set a “neutral” rating for the company in a report on Friday, April 11th. Telsey Advisory Group restated a “market perform” rating and set a $24.00 price objective on shares of Foot Locker in a research report on Friday, May 30th. Gordon Haskett downgraded Foot Locker from a “moderate buy” rating to a “hold” rating in a research note on Thursday, May 15th. The Goldman Sachs Group dropped their target price on Foot Locker from $19.00 to $17.00 and set a “sell” rating on the stock in a research report on Tuesday, April 22nd. Finally, Evercore ISI reduced their price target on shares of Foot Locker from $22.00 to $15.00 and set an “outperform” rating for the company in a report on Friday, April 11th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Foot Locker presently has a consensus rating of “Hold” and an average target price of $21.20.

Foot Locker Company 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.