Foot Locker, Inc. (NYSE:FL) Shares Acquired by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. raised its position in shares of Foot Locker, Inc. (NYSE:FL) by 326.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 921,273 shares of the athletic footwear retailer’s stock after acquiring an additional 705,237 shares during the quarter. Jacobs Levy Equity Management Inc. owned approximately 0.97% of Foot Locker worth $26,256,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the company. New York State Common Retirement Fund raised its holdings in shares of Foot Locker by 1.1% during the fourth quarter. New York State Common Retirement Fund now owns 33,635 shares of the athletic footwear retailer’s stock valued at $1,048,000 after acquiring an additional 353 shares during the last quarter. SummerHaven Investment Management LLC increased its holdings in shares of Foot Locker by 1.4% in the fourth quarter. SummerHaven Investment Management LLC now owns 26,662 shares of the athletic footwear retailer’s stock valued at $831,000 after purchasing an additional 358 shares during the last quarter. Yousif Capital Management LLC increased its holdings in shares of Foot Locker by 0.9% in the fourth quarter. Yousif Capital Management LLC now owns 44,686 shares of the athletic footwear retailer’s stock valued at $1,392,000 after purchasing an additional 380 shares during the last quarter. CWM LLC increased its holdings in shares of Foot Locker by 26.7% in the fourth quarter. CWM LLC now owns 1,836 shares of the athletic footwear retailer’s stock valued at $57,000 after purchasing an additional 387 shares during the last quarter. Finally, Signaturefd LLC increased its holdings in shares of Foot Locker by 10.0% in the fourth quarter. Signaturefd LLC now owns 5,799 shares of the athletic footwear retailer’s stock valued at $181,000 after purchasing an additional 527 shares during the last quarter.

Foot Locker Stock Performance

NYSE FL traded up $0.80 on Tuesday, hitting $28.84. 2,693,182 shares of the company’s stock were exchanged, compared to its average volume of 3,326,982. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.68 and a quick ratio of 0.50. The firm’s 50-day moving average price is $24.91 and its two-hundred day moving average price is $25.85. Foot Locker, Inc. has a fifty-two week low of $14.84 and a fifty-two week high of $35.60. The firm has a market cap of $2.73 billion, a price-to-earnings ratio of -7.61, a P/E/G ratio of 0.64 and a beta of 1.46.

Foot Locker (NYSE:FL) last released its quarterly earnings results on Thursday, May 30th. The athletic footwear retailer reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.10. The business had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.88 billion. Foot Locker had a positive return on equity of 2.91% and a negative net margin of 4.41%. The company’s revenue was down 2.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.70 EPS. On average, research analysts expect that Foot Locker, Inc. will post 1.52 EPS for the current year.

Wall Street Analysts Forecast Growth

FL has been the subject of several analyst reports. Telsey Advisory Group reiterated a “market perform” rating and issued a $26.00 price objective on shares of Foot Locker in a research report on Thursday, May 30th. Morgan Stanley lowered Foot Locker from an “equal weight” rating to an “underweight” rating and lowered their price objective for the stock from $24.00 to $18.00 in a research report on Thursday, July 18th. StockNews.com lowered Foot Locker from a “hold” rating to a “sell” rating in a research report on Wednesday, June 19th. Barclays lifted their price objective on Foot Locker from $22.00 to $27.00 and gave the company an “equal weight” rating in a research note on Friday, May 31st. Finally, Wedbush reaffirmed a “neutral” rating and issued a $25.00 price objective on shares of Foot Locker in a research note on Wednesday, June 12th. Five investment analysts have rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Foot Locker has an average rating of “Hold” and a consensus price target of $24.44.

Foot Locker 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.