Tower Research Capital LLC TRC Purchases 18,935 Shares of Foot Locker, Inc. (NYSE:FL)

Tower Research Capital LLC TRC boosted its position in Foot Locker, Inc. (NYSE:FL) by 386.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 23,836 shares of the athletic footwear retailer’s stock after acquiring an additional 18,935 shares during the period. Tower Research Capital LLC TRC’s holdings in Foot Locker were worth $519,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Harbour Investments Inc. boosted its holdings in Foot Locker by 81.6% in the fourth quarter. Harbour Investments Inc. now owns 1,442 shares of the athletic footwear retailer’s stock worth $31,000 after acquiring an additional 648 shares in the last quarter. Aster Capital Management DIFC Ltd bought a new position in shares of Foot Locker in the fourth quarter valued at approximately $32,000. R Squared Ltd bought a new position in shares of Foot Locker in the fourth quarter valued at approximately $50,000. Sterling Capital Management LLC lifted its holdings in shares of Foot Locker by 819.2% in the fourth quarter. Sterling Capital Management LLC now owns 2,629 shares of the athletic footwear retailer’s stock valued at $57,000 after purchasing an additional 2,343 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of Foot Locker in the third quarter valued at approximately $58,000.

Wall Street Analyst Weigh In

A number of brokerages recently commented on FL. Robert W. Baird decreased their price target on Foot Locker from $24.00 to $20.00 and set a “neutral” rating for the company in a research report on Thursday, March 6th. Piper Sandler decreased their price target on Foot Locker from $19.00 to $12.00 and set a “neutral” rating for the company in a research report on Friday, April 11th. Barclays set a $24.00 price target on Foot Locker in a research report on Wednesday, March 5th. StockNews.com downgraded Foot Locker from a “hold” rating to a “sell” rating in a research report on Friday, April 11th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $24.00 price target on shares of Foot Locker in a research report on Wednesday, March 5th. Four analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $21.38.

Foot Locker Price Performance

Shares of NYSE FL opened at $12.97 on Tuesday. The stock has a market cap of $1.24 billion, a PE ratio of -2.88, a price-to-earnings-growth ratio of 0.53 and a beta of 1.41. Foot Locker, Inc. has a fifty-two week low of $11.00 and a fifty-two week high of $33.94. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.45 and a current ratio of 1.67. The stock has a fifty day moving average of $14.74 and a 200-day moving average of $19.54.

Foot Locker (NYSE:FL) last posted 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. The company had revenue of $2.25 billion during the quarter, compared to analyst estimates of $2.32 billion. Foot Locker had a positive return on equity of 2.91% and a negative net margin of 5.24%. The firm’s quarterly revenue was down 5.7% on a year-over-year basis. During the same quarter last year, the company earned $0.38 earnings per share. Equities research analysts anticipate that Foot Locker, Inc. will post 1.23 earnings per share for the current year.

About Foot Locker

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.