Nicola Wealth Management LTD. Invests $1.98 Million in Foot Locker, Inc. (NYSE:FL)

Nicola Wealth Management LTD. acquired a new position in shares of Foot Locker, Inc. (NYSE:FL) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 91,000 shares of the athletic footwear retailer’s stock, valued at approximately $1,980,000. Nicola Wealth Management LTD. owned 0.10% of Foot Locker at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Chartwell Investment Partners LLC increased its holdings in shares of Foot Locker by 2.4% in the third quarter. Chartwell Investment Partners LLC now owns 33,685 shares of the athletic footwear retailer’s stock valued at $870,000 after buying an additional 782 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. increased its holdings 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 valued at $84,000 after buying an additional 801 shares in the last quarter. Natixis Advisors LLC increased its holdings in shares of Foot Locker by 8.9% in the third quarter. Natixis Advisors LLC now owns 12,867 shares of the athletic footwear retailer’s stock valued at $332,000 after buying an additional 1,054 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings 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 buying an additional 1,911 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of Foot Locker in the third quarter valued at $58,000.

Foot Locker Trading Up 3.0 %

NYSE FL opened at $17.84 on Tuesday. 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 has a market capitalization of $1.69 billion, a PE ratio of -3.96, a price-to-earnings-growth ratio of 0.53 and a beta of 1.48. Foot Locker, Inc. has a 1-year low of $17.13 and a 1-year high of $34.71. The firm’s fifty day simple moving average is $20.07 and its 200-day simple moving average is $23.48.

Foot Locker (NYSE:FL) last posted its earnings results on Wednesday, December 4th. The athletic footwear retailer reported $0.33 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.07). The business had revenue of $1.96 billion for the quarter, compared to analyst estimates of $2.01 billion. Foot Locker had a positive return on equity of 2.91% and a negative net margin of 5.24%. The company’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.30 earnings per share. As a group, sell-side analysts anticipate that Foot Locker, Inc. will post 1.23 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on FL shares. Telsey Advisory Group restated a “market perform” rating and issued a $24.00 target price on shares of Foot Locker in a report on Tuesday, February 25th. Needham & Company LLC reduced their target price on Foot Locker from $25.00 to $24.00 and set a “buy” rating for the company in a report on Friday, January 24th. Piper Sandler reduced their target price on Foot Locker from $30.00 to $28.00 and set a “neutral” rating for the company in a report on Monday, December 2nd. UBS Group reduced their target price on Foot Locker from $26.00 to $22.00 and set a “neutral” rating for the company in a report on Thursday, December 5th. Finally, The Goldman Sachs Group reduced their target price on Foot Locker from $25.00 to $22.00 and set a “sell” rating for the company in a report on Thursday, December 5th. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $24.35.

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.