73,025 Shares in Foot Locker, Inc. (NYSE:FL) Purchased by Lisanti Capital Growth LLC

Lisanti Capital Growth LLC bought a new stake in Foot Locker, Inc. (NYSE:FL) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm bought 73,025 shares of the athletic footwear retailer’s stock, valued at approximately $2,275,000. Lisanti Capital Growth LLC owned 0.08% of Foot Locker as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. SG Americas Securities LLC bought a new position in Foot Locker in the 3rd quarter valued at approximately $310,000. New York State Teachers Retirement System boosted its holdings in shares of Foot Locker by 3.2% during the 3rd quarter. New York State Teachers Retirement System now owns 110,967 shares of the athletic footwear retailer’s stock valued at $1,925,000 after acquiring an additional 3,410 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Foot Locker by 17.4% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,187 shares of the athletic footwear retailer’s stock worth $281,000 after acquiring an additional 2,397 shares during the last quarter. Advisor Partners II LLC increased its holdings in Foot Locker by 550.3% in the 3rd quarter. Advisor Partners II LLC now owns 56,456 shares of the athletic footwear retailer’s stock worth $980,000 after purchasing an additional 47,774 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund raised its position in Foot Locker by 5.7% in the third quarter. Oregon Public Employees Retirement Fund now owns 24,199 shares of the athletic footwear retailer’s stock valued at $420,000 after purchasing an additional 1,298 shares during the last quarter.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. StockNews.com downgraded Foot Locker from a “hold” rating to a “sell” rating in a research note on Tuesday, April 30th. Guggenheim reduced their price objective on shares of Foot Locker from $35.00 to $30.00 and set a “buy” rating on the stock in a research note on Thursday, March 7th. UBS Group raised Foot Locker from a “sell” rating to a “neutral” rating and raised their target price for the stock from $12.00 to $23.00 in a research report on Monday, March 11th. Evercore ISI upgraded Foot Locker from an “in-line” rating to an “outperform” rating and upped their price target for the company from $28.00 to $32.00 in a research report on Monday, March 25th. Finally, Bank of America lowered their price objective on Foot Locker from $31.00 to $27.00 and set a “neutral” rating for the company in a research report on Thursday, March 7th. Four 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. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $24.56.

Foot Locker Stock Performance

FL traded up $0.33 during mid-day trading on Tuesday, reaching $23.61. 3,227,221 shares of the company traded hands, compared to its average volume of 3,608,651. The company’s fifty day moving average price is $24.85 and its 200-day moving average price is $26.41. The stock has a market capitalization of $2.23 billion, a P/E ratio of -6.65, a P/E/G ratio of 0.52 and a beta of 1.50. The company has a quick ratio of 0.55, a current ratio of 1.72 and a debt-to-equity ratio of 0.15. Foot Locker, Inc. has a 52-week low of $14.84 and a 52-week high of $42.19.

Foot Locker (NYSE:FL) last issued its quarterly earnings results on Wednesday, March 6th. The athletic footwear retailer reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.04. Foot Locker had a negative net margin of 4.04% and a positive return on equity of 4.25%. The business had revenue of $2.38 billion for the quarter, compared to analysts’ expectations of $2.28 billion. During the same quarter last year, the company posted $0.97 EPS. The company’s revenue was up 2.0% compared to the same quarter last year. On average, sell-side analysts expect that Foot Locker, Inc. will post 1.55 EPS for the current year.

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.