Cooper Creek Partners Management LLC Takes Position in Foot Locker, Inc. (NYSE:FL)

Cooper Creek Partners Management LLC bought a new stake in shares of Foot Locker, Inc. (NYSE:FL - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 1,397,814 shares of the athletic footwear retailer's stock, valued at approximately $30,416,000. Cooper Creek Partners Management LLC owned approximately 1.47% of Foot Locker at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of FL. XTX Topco Ltd lifted its holdings in shares of Foot Locker by 23.7% in the third quarter. XTX Topco Ltd now owns 14,624 shares of the athletic footwear retailer's stock valued at $378,000 after buying an additional 2,801 shares during the period. MML Investors Services LLC bought a new stake in Foot Locker in the third quarter worth about $283,000. Geode Capital Management LLC lifted its holdings in Foot Locker by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,908,253 shares of the athletic footwear retailer's stock valued at $49,319,000 after acquiring an additional 25,394 shares during the last quarter. Virtu Financial LLC bought a new position in shares of Foot Locker during the 3rd quarter valued at about $701,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Foot Locker in the 3rd quarter worth approximately $58,000.

Foot Locker Stock Up 6.9 %

Shares of FL traded up $0.77 during trading hours on Friday, hitting $11.89. 4,570,953 shares of the company were exchanged, compared to its average volume of 3,442,034. The company has a market cap of $1.13 billion, a PE ratio of -2.64, a PEG ratio of 0.53 and a beta of 1.41. 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 firm's 50 day moving average is $15.83 and its 200-day moving average is $20.17. Foot Locker, Inc. has a 52 week low of $11.00 and a 52 week high of $33.94.

Foot Locker (NYSE:FL - Get Free Report) last announced its quarterly earnings data on Wednesday, March 5th. The athletic footwear retailer reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $2.25 billion for the quarter, compared to the consensus estimate of $2.32 billion. During the same quarter last year, the company posted $0.38 earnings per share. Foot Locker's quarterly revenue was down 5.7% on a year-over-year basis. On average, equities research analysts forecast that Foot Locker, Inc. will post 1.23 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. UBS Group cut their target price on shares of Foot Locker from $22.00 to $21.00 and set a "neutral" rating for the company in a research note on Thursday, March 6th. StockNews.com lowered Foot Locker from a "hold" rating to a "sell" rating in a research note on Friday, April 11th. Piper Sandler reduced 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 reaffirmed a "market perform" rating and set a $24.00 price objective on shares of Foot Locker in a research note on Wednesday, March 5th. Finally, Jefferies Financial Group cut their price target on shares of Foot Locker from $22.00 to $19.00 and set a "hold" rating on the stock in a report on Wednesday, March 5th. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $21.69.

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.