Virtu Financial LLC Buys Shares of 27,146 Foot Locker, Inc. (NYSE:FL)

Virtu Financial LLC purchased a new position in Foot Locker, Inc. (NYSE:FL) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 27,146 shares of the athletic footwear retailer’s stock, valued at approximately $701,000.

Several other large investors also recently modified their holdings of the company. Quarry LP purchased a new stake in Foot Locker during the second quarter valued at approximately $31,000. Fifth Third Bancorp raised its holdings in Foot Locker by 116.0% in the 2nd quarter. Fifth Third Bancorp now owns 1,365 shares of the athletic footwear retailer’s stock worth $34,000 after purchasing an additional 733 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings in Foot Locker by 156.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,616 shares of the athletic footwear retailer’s stock worth $40,000 after purchasing an additional 985 shares during the period. Headlands Technologies LLC purchased a new position in Foot Locker during the second quarter valued at $43,000. Finally, nVerses Capital LLC bought a new stake in Foot Locker during the third quarter valued at about $47,000.

Foot Locker Stock Up 1.3 %

Shares of FL opened at $21.80 on Friday. The business’s 50 day simple moving average is $23.58 and its 200-day simple moving average is $25.80. Foot Locker, Inc. has a 1 year low of $19.33 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. The stock has a market capitalization of $2.07 billion, a price-to-earnings ratio of -4.83, a price-to-earnings-growth ratio of 0.86 and a beta of 1.46.

Foot Locker (NYSE:FL) last released its quarterly earnings data 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). Foot Locker had a negative net margin of 5.24% and a positive return on equity of 2.91%. The business had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $2.01 billion. During the same quarter last year, the business earned $0.30 EPS. Foot Locker’s revenue for the quarter was down 1.4% compared to the same quarter last year. As a group, equities analysts expect that Foot Locker, Inc. will post 1.23 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently weighed in on FL shares. Gordon Haskett began coverage on Foot Locker in a research report on Monday, October 7th. They set an “accumulate” rating and a $27.00 price objective on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $27.00 price target on shares of Foot Locker in a research report on Wednesday, December 4th. The Goldman Sachs Group reduced their price objective on shares of Foot Locker from $25.00 to $22.00 and set a “sell” rating for the company in a research note on Thursday, December 5th. Guggenheim dropped their target price on shares of Foot Locker from $34.00 to $28.00 and set a “buy” rating for the company in a report on Thursday, December 5th. Finally, Jefferies Financial Group cut their price target on Foot Locker from $27.00 to $22.00 and set a “hold” rating for the company in a research note on Wednesday, December 4th. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Foot Locker has a consensus rating of “Hold” and an average price target of $25.29.

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.