Fox Run Management L.L.C. Sells 5,261 Shares of Foot Locker, Inc. (NYSE:FL)

Fox Run Management L.L.C. reduced its stake in shares of Foot Locker, Inc. (NYSE:FL) by 35.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,571 shares of the athletic footwear retailer’s stock after selling 5,261 shares during the period. Fox Run Management L.L.C.’s holdings in Foot Locker were worth $208,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Harbour Investments Inc. increased its holdings in shares of Foot Locker by 81.6% during the 4th quarter. Harbour Investments Inc. now owns 1,442 shares of the athletic footwear retailer’s stock valued at $31,000 after acquiring an additional 648 shares during the last quarter. R Squared Ltd acquired a new position in Foot Locker during the fourth quarter valued at approximately $50,000. Wilmington Savings Fund Society FSB acquired a new position in Foot Locker during the third quarter valued at approximately $58,000. Smartleaf Asset Management LLC raised its position in shares of Foot Locker by 198.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,876 shares of the athletic footwear retailer’s stock valued at $63,000 after purchasing an additional 1,911 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. lifted its stake in shares of Foot Locker by 32.5% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,267 shares of the athletic footwear retailer’s stock worth $84,000 after buying an additional 801 shares during the last quarter.

Foot Locker Trading Down 4.9 %

Shares of FL stock opened at $14.52 on Friday. 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 fifty day moving average of $18.15 and a 200-day moving average of $21.69. Foot Locker, Inc. has a 52-week low of $14.34 and a 52-week high of $33.94. The stock has a market cap of $1.38 billion, a price-to-earnings ratio of -3.22, a P/E/G ratio of 0.53 and a beta of 1.55.

Foot Locker (NYSE:FL) last announced its quarterly earnings results on Wednesday, March 5th. The athletic footwear retailer reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.13. The firm had revenue of $2.25 billion during the quarter, compared to analysts’ expectations of $2.32 billion. Foot Locker had a negative net margin of 5.24% and a positive return on equity of 2.91%. The company’s revenue for the quarter was down 5.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.38 earnings per share. On average, equities research analysts forecast that Foot Locker, Inc. will post 1.23 earnings per share for the current fiscal year.

Analyst Ratings Changes

FL has been the topic of several recent analyst reports. UBS Group dropped their target price on shares of Foot Locker from $22.00 to $21.00 and set a “neutral” rating on the stock in a report on Thursday, March 6th. Evercore ISI dropped their price objective on Foot Locker from $30.00 to $22.00 and set an “outperform” rating on the stock in a research note on Monday, March 3rd. Piper Sandler decreased their target price on Foot Locker from $23.00 to $19.00 and set a “neutral” rating for the company in a research note on Thursday, March 6th. Robert W. Baird dropped their price target on Foot Locker from $24.00 to $20.00 and set a “neutral” rating on the stock in a research report on Thursday, March 6th. Finally, Telsey Advisory Group reiterated a “market perform” rating and set a $24.00 price target on shares of Foot Locker in a report on Wednesday, March 5th. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $22.81.

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.