Neo Ivy Capital Management Buys Shares of 102,046 Foot Locker, Inc. (NYSE:FL)

Neo Ivy Capital Management bought a new position in shares of Foot Locker, Inc. (NYSE:FL - Free Report) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm bought 102,046 shares of the athletic footwear retailer's stock, valued at approximately $2,636,000. Foot Locker accounts for approximately 0.9% of Neo Ivy Capital Management's holdings, making the stock its 17th largest position. Neo Ivy Capital Management owned approximately 0.11% of Foot Locker as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in FL. Patriot Financial Group Insurance Agency LLC boosted its position in Foot Locker by 3.1% during the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 14,235 shares of the athletic footwear retailer's stock worth $355,000 after acquiring an additional 431 shares during the last quarter. Nisa Investment Advisors LLC lifted its position in Foot Locker by 1.2% during the 2nd quarter. Nisa Investment Advisors LLC now owns 41,541 shares of the athletic footwear retailer's stock worth $1,035,000 after buying an additional 483 shares in the last quarter. Arizona State Retirement System boosted its stake in shares of Foot Locker by 2.2% during the 2nd quarter. Arizona State Retirement System now owns 23,808 shares of the athletic footwear retailer's stock worth $593,000 after buying an additional 518 shares during the last quarter. SummerHaven Investment Management LLC boosted its stake in shares of Foot Locker by 2.5% during the 2nd quarter. SummerHaven Investment Management LLC now owns 27,671 shares of the athletic footwear retailer's stock worth $690,000 after buying an additional 667 shares during the last quarter. Finally, Fifth Third Bancorp increased its position 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 acquiring an additional 733 shares during the last quarter.

Analyst Ratings Changes

Several research analysts recently commented on the company. Robert W. Baird reduced their price target on Foot Locker from $27.00 to $24.00 and set a "neutral" rating for the company in a research report on Thursday, December 5th. Citigroup raised their target price on shares of Foot Locker from $27.00 to $33.00 and gave the company a "neutral" rating in a research note on Tuesday, August 20th. Piper Sandler dropped their price target on shares of Foot Locker from $30.00 to $28.00 and set a "neutral" rating on the stock in a research report on Monday, December 2nd. Barclays decreased their price objective on shares of Foot Locker from $34.00 to $29.00 and set an "overweight" rating for the company in a research report on Friday, December 6th. Finally, UBS Group dropped their target price on shares of Foot Locker from $26.00 to $22.00 and set a "neutral" rating on the stock in a report on Thursday, December 5th. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $25.29.

Foot Locker Price Performance

Shares of FL stock traded up $0.31 during trading on Wednesday, hitting $21.95. The company had a trading volume of 872,700 shares, compared to its average volume of 3,369,861. The stock's 50-day moving average price is $23.73 and its 200 day moving average price is $25.84. Foot Locker, Inc. has a one year low of $19.33 and a one year high of $35.60. 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 has a market capitalization of $2.08 billion, a P/E ratio of -4.80, a price-to-earnings-growth ratio of 0.87 and a beta of 1.46.

Foot Locker (NYSE:FL - Get Free Report) last released its earnings results on Wednesday, December 4th. The athletic footwear retailer reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.07). The company had revenue of $1.96 billion for the quarter, compared to analyst estimates of $2.01 billion. Foot Locker had a positive return on equity of 2.91% and a negative net margin of 5.24%. The business's revenue for the quarter was down 1.4% compared to the same quarter last year. During the same period last year, the company posted $0.30 earnings per share. Equities analysts expect that Foot Locker, Inc. will post 1.23 EPS for the current fiscal year.

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.