Virtu Financial LLC Acquires Shares of 27,146 Foot Locker, Inc. (NYSE:FL)

Virtu Financial LLC bought a new position in Foot Locker, Inc. (NYSE:FL - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 27,146 shares of the athletic footwear retailer's stock, valued at approximately $701,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Quarry LP acquired a new stake in shares of Foot Locker in the second quarter valued at approximately $31,000. Fifth Third Bancorp boosted its position in Foot Locker by 116.0% during the second quarter. Fifth Third Bancorp now owns 1,365 shares of the athletic footwear retailer's stock worth $34,000 after acquiring an additional 733 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Foot Locker by 156.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,616 shares of the athletic footwear retailer's stock worth $40,000 after acquiring an additional 985 shares during the period. Headlands Technologies LLC acquired a new position in Foot Locker in the second quarter valued at $43,000. Finally, nVerses Capital LLC acquired a new position in shares of Foot Locker during the 3rd quarter valued at $47,000.

Foot Locker Stock Up 1.3 %

NYSE FL traded up $0.28 on Friday, reaching $21.80. The stock had a trading volume of 2,748,749 shares, compared to its average volume of 4,790,423. Foot Locker, Inc. has a 1 year low of $19.33 and a 1 year high of $35.60. The business has a 50 day moving average price of $23.58 and a 200 day moving average price of $25.80. The company has a current ratio of 1.67, a quick ratio of 0.45 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $2.07 billion, a price-to-earnings ratio of -4.83, a P/E/G ratio of 0.86 and a beta of 1.46.

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

Wall Street Analyst Weigh In

A number of brokerages have issued reports on FL. JPMorgan Chase & Co. cut their target price on Foot Locker from $27.00 to $23.00 and set an "underweight" rating on the stock in a research report on Wednesday, December 4th. Robert W. Baird lowered their target price on Foot Locker from $27.00 to $24.00 and set a "neutral" rating on the stock in a report on Thursday, December 5th. Guggenheim reduced their price objective on Foot Locker from $34.00 to $28.00 and set a "buy" rating for the company in a research note on Thursday, December 5th. Jefferies Financial Group cut their target price on Foot Locker from $27.00 to $22.00 and set a "hold" rating on the stock in a research report on Wednesday, December 4th. Finally, Piper Sandler reduced their target price on Foot Locker from $30.00 to $28.00 and set a "neutral" rating for the company in a report on Monday, December 2nd. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus 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.