Peregrine Capital Management LLC Makes New Investment in Foot Locker, Inc. (NYSE:FL)

Peregrine Capital Management LLC purchased a new position in Foot Locker, Inc. (NYSE:FL - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 235,423 shares of the athletic footwear retailer's stock, valued at approximately $5,123,000. Peregrine Capital Management LLC owned about 0.25% of Foot Locker at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Chartwell Investment Partners LLC lifted its position in shares of Foot Locker by 2.4% during the 3rd quarter. Chartwell Investment Partners LLC now owns 33,685 shares of the athletic footwear retailer's stock worth $870,000 after purchasing an additional 782 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. lifted its position in shares of Foot Locker by 32.5% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,267 shares of the athletic footwear retailer's stock worth $84,000 after purchasing an additional 801 shares during the last quarter. Natixis Advisors LLC lifted its position in shares of Foot Locker by 8.9% during the 3rd quarter. Natixis Advisors LLC now owns 12,867 shares of the athletic footwear retailer's stock worth $332,000 after purchasing an additional 1,054 shares during the last quarter. Vontobel Holding Ltd. lifted its position in shares of Foot Locker by 12.2% during the 3rd quarter. Vontobel Holding Ltd. now owns 11,144 shares of the athletic footwear retailer's stock worth $288,000 after purchasing an additional 1,210 shares during the last quarter. Finally, nVerses Capital LLC acquired a new position in shares of Foot Locker during the 3rd quarter worth about $47,000.

Wall Street Analyst Weigh In

FL has been the subject of several recent research reports. The Goldman Sachs Group cut their price target on Foot Locker from $25.00 to $22.00 and set a "sell" rating for the company in a report on Thursday, December 5th. Barclays cut their price target on Foot Locker from $34.00 to $29.00 and set an "overweight" rating on the stock in a research note on Friday, December 6th. Morgan Stanley cut their price target on Foot Locker from $17.00 to $16.00 and set an "underweight" rating on the stock in a research note on Friday, December 6th. Piper Sandler dropped their price objective on Foot Locker from $30.00 to $28.00 and set a "neutral" rating on the stock in a research note on Monday, December 2nd. Finally, JPMorgan Chase & Co. dropped their price objective on Foot Locker from $23.00 to $20.00 and set an "underweight" rating on the stock in a research note on Friday, January 24th. Four analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Foot Locker has a consensus rating of "Hold" and an average price target of $24.94.

Foot Locker Trading Down 3.9 %

FL traded down $0.74 during midday trading on Friday, hitting $18.16. 1,724,043 shares of the company were exchanged, compared to its average volume of 2,837,599. The firm's 50 day moving average price is $20.69 and its 200-day moving average price is $24.16. Foot Locker, Inc. has a 1-year low of $18.04 and a 1-year high of $35.60. 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 firm has a market capitalization of $1.72 billion, a P/E ratio of -4.02, a P/E/G ratio of 0.54 and a beta of 1.48.

Foot Locker (NYSE:FL - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $1.96 billion during the quarter, compared to analysts' expectations of $2.01 billion. During the same quarter in the previous year, the company posted $0.30 EPS. Foot Locker's revenue for the quarter was down 1.4% on a year-over-year basis. As a group, equities analysts forecast that Foot Locker, Inc. will post 1.23 EPS for the current fiscal year.

Foot Locker Company 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.