EntryPoint Capital LLC Makes New Investment in Foot Locker, Inc. (NYSE:FL)

EntryPoint Capital LLC bought a new stake in shares of Foot Locker, Inc. (NYSE:FL) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 16,897 shares of the athletic footwear retailer’s stock, valued at approximately $368,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Harbour Investments Inc. boosted its position in Foot Locker by 81.6% during the 4th quarter. Harbour Investments Inc. now owns 1,442 shares of the athletic footwear retailer’s stock valued at $31,000 after purchasing an additional 648 shares during the period. Point72 Asia Singapore Pte. Ltd. boosted its holdings in shares of Foot Locker by 32.5% during 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 acquiring an additional 801 shares during the period. Natixis Advisors LLC grew its position in shares of Foot Locker by 8.9% during the third quarter. Natixis Advisors LLC now owns 12,867 shares of the athletic footwear retailer’s stock worth $332,000 after acquiring an additional 1,054 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of Foot Locker by 198.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,876 shares of the athletic footwear retailer’s stock worth $63,000 after acquiring an additional 1,911 shares during the period. Finally, Wilmington Savings Fund Society FSB bought a new stake in Foot Locker in the 3rd quarter valued at about $58,000.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Evercore ISI dropped their price target on shares of Foot Locker from $30.00 to $22.00 and set an “outperform” rating on the stock in a research note on Monday, March 3rd. Jefferies Financial Group cut their target price on Foot Locker from $22.00 to $19.00 and set a “hold” rating on the stock in a research note on Wednesday, March 5th. JPMorgan Chase & Co. decreased their price target on Foot Locker from $23.00 to $20.00 and set an “underweight” rating for the company in a research note on Friday, January 24th. Piper Sandler cut their price objective on shares of Foot Locker from $23.00 to $19.00 and set a “neutral” rating on the stock in a research note on Thursday, March 6th. Finally, Williams Trading upgraded shares of Foot Locker from a “sell” rating to a “hold” rating and increased their target price for the company from $17.00 to $21.00 in a research report on Wednesday, November 27th. Four equities 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 company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $22.81.

Foot Locker Price Performance

NYSE FL opened at $15.28 on Thursday. Foot Locker, Inc. has a 1 year low of $14.98 and a 1 year high of $33.94. The business’s fifty day moving average is $18.38 and its two-hundred day moving average is $21.81. The stock has a market capitalization of $1.45 billion, a P/E ratio of -3.39, a P/E/G ratio of 0.53 and a beta of 1.55. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.45 and a current ratio of 1.67.

Foot Locker (NYSE:FL) last announced its earnings results on Wednesday, March 5th. The athletic footwear retailer reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.13. Foot Locker had a positive return on equity of 2.91% and a negative net margin of 5.24%. The company had revenue of $2.25 billion for the quarter, compared to analyst estimates of $2.32 billion. During the same period in the previous year, the firm earned $0.38 earnings per share. Foot Locker’s revenue for the quarter was down 5.7% compared to the same quarter last year. On average, research analysts forecast that Foot Locker, Inc. will post 1.23 earnings per share for the current fiscal year.

About Foot Locker

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.