Bridgeway Capital Management LLC Acquires 8,266 Shares of Foot Locker, Inc. $FL

Bridgeway Capital Management LLC increased its stake in Foot Locker, Inc. (NYSE:FL) by 1.1% during the first quarter, according to its most recent filing with the SEC. The fund owned 740,824 shares of the athletic footwear retailer’s stock after buying an additional 8,266 shares during the quarter. Bridgeway Capital Management LLC owned 0.78% of Foot Locker worth $10,446,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. GAMMA Investing LLC raised its position in Foot Locker by 250.6% in the first quarter. GAMMA Investing LLC now owns 2,468 shares of the athletic footwear retailer’s stock worth $35,000 after acquiring an additional 1,764 shares during the period. AlphaQuest LLC purchased a new stake in shares of Foot Locker during the 1st quarter worth approximately $59,000. Signaturefd LLC increased its stake in shares of Foot Locker by 27.2% during the 1st quarter. Signaturefd LLC now owns 4,579 shares of the athletic footwear retailer’s stock worth $65,000 after purchasing an additional 980 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Foot Locker by 100,166.7% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 6,016 shares of the athletic footwear retailer’s stock worth $85,000 after purchasing an additional 6,010 shares during the period. Finally, FORA Capital LLC bought a new stake in shares of Foot Locker in the 1st quarter worth approximately $154,000.

Insider Buying and Selling

In other news, CAO Giovanna Cipriano sold 22,383 shares of the company’s stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $24.90, for a total value of $557,336.70. Following the completion of the transaction, the chief accounting officer directly owned 93,895 shares in the company, valued at approximately $2,337,985.50. This represents a 19.25% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, President Franklin Bracken sold 14,922 shares of the stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $24.50, for a total value of $365,589.00. Following the sale, the president owned 213,496 shares of the company’s stock, valued at $5,230,652. This represents a 6.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.89% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Wall Street Zen lowered Foot Locker to a “strong sell” rating in a report on Saturday, August 30th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $24.00 price target on shares of Foot Locker in a research report on Wednesday, August 27th. JPMorgan Chase & Co. upgraded Foot Locker from an “underweight” rating to a “neutral” rating and increased their price target for the stock from $16.00 to $24.00 in a research note on Thursday, May 15th. Gordon Haskett cut Foot Locker from a “moderate buy” rating to a “hold” rating in a research note on Thursday, May 15th. Finally, Robert W. Baird upped their price objective on shares of Foot Locker from $24.00 to $26.00 and gave the company a “neutral” rating in a report on Thursday, August 28th. Two research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $21.33.

Foot Locker Trading Down 0.2%

Foot Locker stock opened at $24.11 on Thursday. The stock has a market cap of $2.30 billion, a P/E ratio of -5.98, a PEG ratio of 2.23 and a beta of 1.79. Foot Locker, Inc. has a fifty-two week low of $11.00 and a fifty-two week high of $29.24. The firm’s fifty day moving average price is $25.20 and its 200-day moving average price is $20.16. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.49 and a current ratio of 1.59.

Foot Locker (NYSE:FL) last announced its earnings results on Wednesday, August 27th. The athletic footwear retailer reported ($0.27) earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.32). The business had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.87 billion. Foot Locker had a positive return on equity of 2.92% and a negative net margin of 4.90%.Foot Locker’s revenue was down 2.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.05) earnings per share. Equities 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.