Point72 Asset Management L.P. Grows Stock Holdings in Foot Locker, Inc. (NYSE:FL)

Point72 Asset Management L.P. boosted its position in Foot Locker, Inc. (NYSE:FL - Free Report) by 37.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 549,997 shares of the athletic footwear retailer's stock after purchasing an additional 148,523 shares during the quarter. Point72 Asset Management L.P. owned about 0.58% of Foot Locker worth $14,212,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Quarry LP purchased a new position in Foot Locker in the 2nd quarter worth approximately $31,000. Fifth Third Bancorp increased its holdings in shares of Foot Locker by 116.0% in the second quarter. Fifth Third Bancorp now owns 1,365 shares of the athletic footwear retailer's stock valued at $34,000 after purchasing an additional 733 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in Foot Locker by 156.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,616 shares of the athletic footwear retailer's stock worth $40,000 after buying an additional 985 shares in the last quarter. Headlands Technologies LLC purchased a new position in Foot Locker during the second quarter worth approximately $43,000. Finally, nVerses Capital LLC acquired a new position in Foot Locker during the third quarter worth $47,000.

Foot Locker Stock Up 3.9 %

Shares of NYSE FL traded up $0.83 during midday trading on Friday, hitting $22.00. The company's stock had a trading volume of 5,436,217 shares, compared to its average volume of 4,214,639. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.67 and a quick ratio of 0.49. The firm has a market capitalization of $2.09 billion, a price-to-earnings ratio of -4.88, a price-to-earnings-growth ratio of 0.64 and a beta of 1.46. The business's fifty day simple moving average is $23.87 and its two-hundred day simple moving average is $25.80. Foot Locker, Inc. has a 1 year low of $19.33 and a 1 year high of $35.60.

Foot Locker (NYSE:FL - Get Free Report) last issued its quarterly earnings results on Wednesday, December 4th. The athletic footwear retailer reported $0.33 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.07). Foot Locker had a negative net margin of 5.24% and a positive return on equity of 2.91%. The business had revenue of $1.96 billion during the quarter, compared to analysts' expectations of $2.01 billion. During the same period in the prior year, the business earned $0.30 EPS. The business's quarterly revenue was down 1.4% on a year-over-year basis. On average, equities analysts predict that Foot Locker, Inc. will post 1.25 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on FL. The Goldman Sachs Group dropped their price objective on shares of Foot Locker from $25.00 to $22.00 and set a "sell" rating for the company in a report on Thursday. UBS Group dropped their price target on shares of Foot Locker from $26.00 to $22.00 and set a "neutral" rating for the company in a research note on Thursday. JPMorgan Chase & Co. reduced their price target on shares of Foot Locker from $27.00 to $23.00 and set an "underweight" rating on the stock in a research report on Wednesday. StockNews.com lowered Foot Locker from a "hold" rating to a "sell" rating in a research report on Friday, September 20th. Finally, Citigroup lifted their target price on Foot Locker from $27.00 to $33.00 and gave the company a "neutral" rating in a research report on Tuesday, August 20th. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $25.29.

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.