Proficio Capital Partners LLC Purchases New Position in Foot Locker, Inc. (NYSE:FL)

Proficio Capital Partners LLC bought a new position in shares of Foot Locker, Inc. (NYSE:FL) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 11,076 shares of the athletic footwear retailer’s stock, valued at approximately $241,000.

Other institutional investors have also recently added to or reduced their stakes in the company. R Squared Ltd bought a new stake in Foot Locker during the 4th quarter worth approximately $50,000. Wilmington Savings Fund Society FSB bought a new stake in Foot Locker during the 3rd quarter worth approximately $58,000. Point72 Asia Singapore Pte. Ltd. grew its holdings in 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 acquiring an additional 801 shares during the last quarter. Fiduciary Alliance LLC bought a new stake in Foot Locker during the 4th quarter worth approximately $203,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in Foot Locker during the 3rd quarter worth approximately $282,000.

Foot Locker Stock Performance

FL opened at $16.22 on Wednesday. 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’s fifty day moving average price is $19.51 and its two-hundred day moving average price is $22.84. Foot Locker, Inc. has a 1-year low of $15.89 and a 1-year high of $33.94. The company has a market cap of $1.54 billion, a price-to-earnings ratio of -3.60, a PEG ratio of 0.53 and a beta of 1.55.

Foot Locker (NYSE:FL) last released its quarterly earnings data on Wednesday, March 5th. The athletic footwear retailer reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.13. Foot Locker had a negative net margin of 5.24% and a positive return on equity of 2.91%. The firm had revenue of $2.25 billion for the quarter, compared to the consensus estimate of $2.32 billion. During the same quarter in the prior year, the company posted $0.38 earnings per share. The business’s revenue was down 5.7% on a year-over-year basis. On average, analysts expect that Foot Locker, Inc. will post 1.23 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

FL has been the topic of a number of recent analyst reports. Barclays set a $24.00 price target on shares of Foot Locker in a research report on Wednesday, March 5th. Telsey Advisory Group restated a “market perform” rating and issued a $24.00 price target on shares of Foot Locker in a research report on Wednesday, March 5th. Piper Sandler dropped their price target on shares of Foot Locker from $23.00 to $19.00 and set a “neutral” rating on the stock in a research report on Thursday, March 6th. UBS Group dropped their price target on shares of Foot Locker from $22.00 to $21.00 and set a “neutral” rating on the stock in a research report on Thursday, March 6th. Finally, The Goldman Sachs Group dropped their price target on shares of Foot Locker from $25.00 to $22.00 and set a “sell” rating on the stock in a research report on Thursday, December 5th. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price 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.