Illinois Municipal Retirement Fund Buys 20,303 Shares of Foot Locker, Inc. (NYSE:FL)

Illinois Municipal Retirement Fund lifted its stake in shares of Foot Locker, Inc. (NYSE:FL) by 43.9% in the first quarter, according to its most recent filing with the SEC. The fund owned 66,513 shares of the athletic footwear retailer’s stock after acquiring an additional 20,303 shares during the period. Illinois Municipal Retirement Fund’s holdings in Foot Locker were worth $1,896,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Quadrant Capital Group LLC lifted its stake in Foot Locker by 3,004.4% during the fourth quarter. Quadrant Capital Group LLC now owns 1,397 shares of the athletic footwear retailer’s stock worth $44,000 after purchasing an additional 1,352 shares during the last quarter. CWM LLC lifted its position in Foot Locker by 26.7% in the 4th quarter. CWM LLC now owns 1,836 shares of the athletic footwear retailer’s stock worth $57,000 after buying an additional 387 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in Foot Locker in the fourth quarter worth approximately $100,000. Sunbelt Securities Inc. bought a new position in Foot Locker during the first quarter valued at approximately $100,000. Finally, Signaturefd LLC raised its stake in shares of Foot Locker by 10.0% during the fourth quarter. Signaturefd LLC now owns 5,799 shares of the athletic footwear retailer’s stock worth $181,000 after acquiring an additional 527 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on FL shares. Wedbush reaffirmed a “neutral” rating and issued a $25.00 price objective on shares of Foot Locker in a research note on Wednesday, June 12th. Morgan Stanley raised their price objective on Foot Locker from $20.00 to $24.00 and gave the company an “equal weight” rating in a research note on Friday, May 31st. Evercore ISI upgraded Foot Locker from an “in-line” rating to an “outperform” rating and lifted their price objective for the stock from $28.00 to $32.00 in a report on Monday, March 25th. StockNews.com cut Foot Locker from a “hold” rating to a “sell” rating in a report on Wednesday, June 19th. Finally, Barclays lifted their price target on Foot Locker from $22.00 to $27.00 and gave the stock an “equal weight” rating in a research note on Friday, May 31st. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $24.81.

Foot Locker Trading Down 1.8 %

Shares of Foot Locker stock traded down $0.45 during trading on Friday, reaching $24.72. 1,858,202 shares of the stock were exchanged, compared to its average volume of 2,200,661. The company has a quick ratio of 0.50, a current ratio of 1.68 and a debt-to-equity ratio of 0.15. The stock’s fifty day moving average is $24.29 and its 200 day moving average is $26.21. The firm has a market cap of $2.34 billion, a price-to-earnings ratio of -6.52, a price-to-earnings-growth ratio of 0.58 and a beta of 1.46. Foot Locker, Inc. has a 1 year low of $14.84 and a 1 year high of $35.60.

Foot Locker (NYSE:FL) last posted its quarterly earnings data on Thursday, May 30th. The athletic footwear retailer reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.10. The company had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.88 billion. Foot Locker had a positive return on equity of 2.91% and a negative net margin of 4.41%. Foot Locker’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.70 earnings per share. As a group, equities research analysts expect that Foot Locker, Inc. will post 1.55 earnings per share for the current fiscal year.

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.