ExodusPoint Capital Management LP Invests $3.34 Million in Foot Locker, Inc. (NYSE:FL)

ExodusPoint Capital Management LP purchased a new stake in Foot Locker, Inc. (NYSE:FL - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 153,400 shares of the athletic footwear retailer's stock, valued at approximately $3,338,000. ExodusPoint Capital Management LP owned about 0.16% of Foot Locker as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of the business. Moody National Bank Trust Division bought a new stake in shares of Foot Locker in the 4th quarter worth about $610,000. Geode Capital Management LLC grew its stake in Foot Locker by 1.3% in the third quarter. Geode Capital Management LLC now owns 1,908,253 shares of the athletic footwear retailer's stock worth $49,319,000 after purchasing an additional 25,394 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Foot Locker by 88.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 5,323,597 shares of the athletic footwear retailer's stock valued at $115,365,000 after buying an additional 2,500,396 shares during the last quarter. Smartleaf Asset Management LLC raised its stake in Foot Locker by 198.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,876 shares of the athletic footwear retailer's stock valued at $63,000 after buying an additional 1,911 shares in the last quarter. Finally, Stifel Financial Corp lifted its holdings in Foot Locker by 43.3% during the 3rd quarter. Stifel Financial Corp now owns 897,904 shares of the athletic footwear retailer's stock worth $23,202,000 after buying an additional 271,297 shares during the last quarter.

Remove Ads

Foot Locker Price Performance

Foot Locker stock traded down $0.58 during trading hours on Friday, hitting $11.81. 5,658,210 shares of the company traded hands, compared to its average volume of 3,425,472. Foot Locker, Inc. has a 1-year low of $11.16 and a 1-year high of $33.94. The firm has a market cap of $1.12 billion, a P/E ratio of -2.62, a P/E/G ratio of 0.53 and a beta of 1.41. The firm's 50-day simple moving average is $16.42 and its two-hundred day simple moving average is $20.53. The company has a quick ratio of 0.45, a current ratio of 1.67 and a debt-to-equity ratio of 0.15.

Foot Locker (NYSE:FL - Get Free Report) last posted its quarterly earnings data on Wednesday, March 5th. The athletic footwear retailer reported $0.86 EPS for the quarter, beating analysts' consensus estimates of $0.73 by $0.13. The business had revenue of $2.25 billion for 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%. The business's revenue for the quarter was down 5.7% on a year-over-year basis. During the same quarter last year, the business earned $0.38 earnings per share. As a group, analysts forecast that Foot Locker, Inc. will post 1.23 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Needham & Company LLC reissued a "buy" rating and set a $24.00 target price on shares of Foot Locker in a report on Wednesday, March 5th. Barclays set a $24.00 price objective on shares of Foot Locker in a research note on Wednesday, March 5th. Evercore ISI decreased their target price on Foot Locker from $22.00 to $15.00 and set an "outperform" rating for the company in a research note on Friday. Piper Sandler dropped their price target on Foot Locker from $19.00 to $12.00 and set a "neutral" rating on the stock in a research report on Friday. Finally, JPMorgan Chase & Co. cut their price target on Foot Locker from $23.00 to $20.00 and set an "underweight" rating on the stock in a report on Friday, January 24th. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $21.94.

Foot Locker 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.