86,260 Shares in Foot Locker, Inc. (NYSE:FL) Bought by Collar Capital Management LLC

Collar Capital Management LLC bought a new position in shares of Foot Locker, Inc. (NYSE:FL) during the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 86,260 shares of the athletic footwear retailer’s stock, valued at approximately $1,877,000. Foot Locker accounts for 1.6% of Collar Capital Management LLC’s holdings, making the stock its 25th biggest holding. Collar Capital Management LLC owned approximately 0.09% of Foot Locker as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in FL. Harbour Investments Inc. boosted its holdings in shares of Foot Locker by 81.6% during the 4th quarter. Harbour Investments Inc. now owns 1,442 shares of the athletic footwear retailer’s stock worth $31,000 after buying an additional 648 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in Foot Locker in the fourth quarter worth $32,000. Wilmington Savings Fund Society FSB bought a new stake in Foot Locker in the third quarter valued at $58,000. R Squared Ltd bought a new position in shares of Foot Locker during the 4th quarter worth about $50,000. Finally, Sterling Capital Management LLC raised its position in shares of 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 purchasing an additional 2,343 shares during the period.

Foot Locker Price Performance

NYSE FL opened at $11.71 on Wednesday. The company has a current ratio of 1.67, a quick ratio of 0.45 and a debt-to-equity ratio of 0.15. Foot Locker, Inc. has a 12 month low of $11.00 and a 12 month high of $33.94. The stock has a market cap of $1.12 billion, a price-to-earnings ratio of -2.60, a PEG ratio of 0.53 and a beta of 1.42. The company’s 50 day moving average is $14.07 and its two-hundred day moving average is $19.07.

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

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Barclays set a $24.00 price objective on Foot Locker in a research note on Wednesday, March 5th. JPMorgan Chase & Co. cut their price objective on shares of Foot Locker from $19.00 to $16.00 and set an “underweight” rating for the company in a research report on Monday, April 14th. Telsey Advisory Group restated a “market perform” rating and issued a $24.00 target price on shares of Foot Locker in a research note on Wednesday, March 5th. Needham & Company LLC restated a “buy” rating and set a $24.00 price objective on shares of Foot Locker in a research report on Wednesday, March 5th. Finally, Piper Sandler reduced their price objective on Foot Locker from $19.00 to $12.00 and set a “neutral” rating on the stock in a research report on Friday, April 11th. Four equities research 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 MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $21.25.

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.