Peregrine Capital Management LLC Buys New Position in Foot Locker, Inc. (NYSE:FL)

Peregrine Capital Management LLC bought a new stake in Foot Locker, Inc. (NYSE:FL) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 235,423 shares of the athletic footwear retailer’s stock, valued at approximately $5,123,000. Peregrine Capital Management LLC owned about 0.25% of Foot Locker as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. SG Americas Securities LLC increased its position in shares of Foot Locker by 66.9% during the 3rd quarter. SG Americas Securities LLC now owns 7,603 shares of the athletic footwear retailer’s stock worth $196,000 after purchasing an additional 3,048 shares during the last quarter. Creative Planning increased its position in shares of Foot Locker by 42.1% during the 3rd quarter. Creative Planning now owns 13,823 shares of the athletic footwear retailer’s stock worth $357,000 after purchasing an additional 4,093 shares during the last quarter. Vontobel Holding Ltd. increased its position in shares of Foot Locker by 12.2% during the 3rd quarter. Vontobel Holding Ltd. now owns 11,144 shares of the athletic footwear retailer’s stock worth $288,000 after purchasing an additional 1,210 shares during the last quarter. nVerses Capital LLC acquired a new position in shares of Foot Locker during the 3rd quarter worth approximately $47,000. Finally, Blue Trust Inc. increased its position in shares of Foot Locker by 537.0% during the 3rd quarter. Blue Trust Inc. now owns 2,981 shares of the athletic footwear retailer’s stock worth $74,000 after purchasing an additional 2,513 shares during the last quarter.

Wall Street Analyst Weigh In

Several research firms have weighed in on FL. Robert W. Baird lowered their price target on Foot Locker from $27.00 to $24.00 and set a “neutral” rating on the stock in a research report on Thursday, December 5th. Telsey Advisory Group decreased their target price on Foot Locker from $30.00 to $24.00 and set a “market perform” rating on the stock in a report on Thursday, December 5th. JPMorgan Chase & Co. decreased their target price on Foot Locker from $23.00 to $20.00 and set an “underweight” rating on the stock in a report on Friday, January 24th. UBS Group decreased their target price on Foot Locker from $26.00 to $22.00 and set a “neutral” rating on the stock in a report on Thursday, December 5th. Finally, Morgan Stanley decreased their target price on Foot Locker from $17.00 to $16.00 and set an “underweight” rating on the stock in a report on Friday, December 6th. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $24.94.

Foot Locker Stock Performance

FL opened at $19.13 on Thursday. The business has a fifty day simple moving average of $20.74 and a 200 day simple moving average of $24.20. The company has a market capitalization of $1.81 billion, a PE ratio of -4.24, a price-to-earnings-growth ratio of 0.57 and a beta of 1.48. Foot Locker, Inc. has a 1 year low of $18.04 and a 1 year high of $35.60. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.67 and a quick ratio of 0.45.

Foot Locker (NYSE:FL) last released its earnings results on Wednesday, December 4th. The athletic footwear retailer reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.07). The company 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 business’s revenue was down 1.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.30 earnings per share. Research analysts expect that Foot Locker, Inc. will post 1.23 EPS for the current year.

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.