Rafferty Asset Management LLC Acquires 3,043 Shares of Foot Locker, Inc. (NYSE:FL)

Rafferty Asset Management LLC boosted its holdings in Foot Locker, Inc. (NYSE:FL) by 19.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 18,961 shares of the athletic footwear retailer’s stock after purchasing an additional 3,043 shares during the quarter. Rafferty Asset Management LLC’s holdings in Foot Locker were worth $413,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. ProShare Advisors LLC increased its holdings in Foot Locker by 44.5% in the fourth quarter. ProShare Advisors LLC now owns 25,126 shares of the athletic footwear retailer’s stock worth $547,000 after purchasing an additional 7,743 shares in the last quarter. Nuveen Asset Management LLC increased its holdings in Foot Locker by 1.0% in the fourth quarter. Nuveen Asset Management LLC now owns 259,723 shares of the athletic footwear retailer’s stock worth $5,652,000 after purchasing an additional 2,663 shares in the last quarter. Numerai GP LLC bought a new stake in Foot Locker in the fourth quarter worth approximately $448,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Foot Locker by 3.9% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 47,462 shares of the athletic footwear retailer’s stock worth $1,033,000 after purchasing an additional 1,786 shares in the last quarter. Finally, Invenomic Capital Management LP bought a new stake in Foot Locker in the fourth quarter worth approximately $1,850,000.

Foot Locker Stock Down 0.3%

FL stock opened at $23.86 on Friday. The stock’s fifty day simple moving average is $14.38 and its two-hundred day simple moving average is $18.66. 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 1-year low of $11.00 and a 1-year high of $33.94. The stock has a market cap of $2.27 billion, a P/E ratio of -5.29, a P/E/G ratio of 0.53 and a beta of 1.42.

Foot Locker (NYSE:FL) last posted its quarterly earnings data on Wednesday, March 5th. The athletic footwear retailer reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.13. Foot Locker had a positive return on equity of 2.91% and a negative net margin of 5.24%. The business had revenue of $2.25 billion for the quarter, compared to analysts’ expectations of $2.32 billion. During the same quarter in the previous year, the firm earned $0.38 earnings per share. The business’s revenue was down 5.7% on a year-over-year basis. Analysts expect that Foot Locker, Inc. will post 1.23 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on FL. Needham & Company LLC reiterated a “hold” rating and issued a $24.00 target price on shares of Foot Locker in a report on Thursday, May 15th. Citigroup raised their price objective on Foot Locker from $20.00 to $24.00 and gave the company a “neutral” rating in a research note on Friday, May 16th. UBS Group reduced their price objective on Foot Locker from $22.00 to $21.00 and set a “neutral” rating for the company in a research note on Thursday, March 6th. Wall Street Zen cut Foot Locker from a “hold” rating to a “sell” rating in a research note on Friday, April 11th. Finally, Evercore ISI reduced their price objective on Foot Locker from $22.00 to $15.00 and set an “outperform” rating for the company in a research note on Friday, April 11th. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat, Foot Locker presently has an average rating of “Hold” and an average price target of $21.19.

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.