J. Goldman & Co LP Takes $892,000 Position in Foot Locker, Inc. (NYSE:FL)

J. Goldman & Co LP purchased a new position in shares of Foot Locker, Inc. (NYSE:FL) during the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 41,001 shares of the athletic footwear retailer’s stock, valued at approximately $892,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in FL. Allspring Global Investments Holdings LLC raised its position in Foot Locker by 88.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 5,323,597 shares of the athletic footwear retailer’s stock worth $115,365,000 after buying an additional 2,500,396 shares during the last quarter. Cramer Rosenthal Mcglynn LLC acquired a new position in shares of Foot Locker during the fourth quarter worth about $34,835,000. Cooper Creek Partners Management LLC purchased a new position in Foot Locker during the fourth quarter worth about $30,416,000. Segall Bryant & Hamill LLC purchased a new position in Foot Locker during the fourth quarter worth about $18,640,000. Finally, Jacobs Levy Equity Management Inc. lifted its position in Foot Locker by 67.9% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 1,906,406 shares of the athletic footwear retailer’s stock valued at $41,483,000 after purchasing an additional 770,932 shares during the period.

Foot Locker Trading Down 1.6%

NYSE:FL opened at $12.03 on Monday. Foot Locker, Inc. has a 52-week low of $11.00 and a 52-week high of $33.94. The company has a quick ratio of 0.45, a current ratio of 1.67 and a debt-to-equity ratio of 0.15. The stock has a fifty day simple moving average of $13.75 and a 200-day simple moving average of $18.80. The company has a market capitalization of $1.15 billion, a PE ratio of -2.67, a price-to-earnings-growth ratio of 0.53 and a beta of 1.42.

Foot Locker (NYSE:FL) last announced its earnings results on Wednesday, March 5th. The athletic footwear retailer reported $0.86 earnings per share (EPS) for the quarter, topping 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 company had revenue of $2.25 billion during the quarter, compared to analysts’ expectations of $2.32 billion. During the same quarter in the previous year, the business posted $0.38 earnings per share. The firm’s quarterly revenue was down 5.7% compared to the same quarter last year. On average, equities research analysts expect that Foot Locker, Inc. will post 1.23 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Piper Sandler dropped their target price 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. Robert W. Baird decreased their price target on Foot Locker from $24.00 to $20.00 and set a “neutral” rating on the stock in a research note on Thursday, March 6th. JPMorgan Chase & Co. dropped their price objective on Foot Locker from $19.00 to $16.00 and set an “underweight” rating on the stock in a report on Monday, April 14th. StockNews.com downgraded Foot Locker from a “hold” rating to a “sell” rating in a report on Friday, April 11th. Finally, UBS Group lowered their price target on shares of Foot Locker from $22.00 to $21.00 and set a “neutral” rating on the stock in a research note on Thursday, March 6th. Four analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $21.25.

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.