Quantbot Technologies LP Invests $1.99 Million in Foot Locker, Inc. (NYSE:FL)

Quantbot Technologies LP acquired a new stake in Foot Locker, Inc. (NYSE:FL) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 91,485 shares of the athletic footwear retailer’s stock, valued at approximately $1,991,000. Quantbot Technologies LP owned about 0.10% of Foot Locker at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in FL. Natixis Advisors LLC boosted its holdings in shares of Foot Locker by 8.9% in the 3rd 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 during the last quarter. Quest Partners LLC acquired a new stake in shares of Foot Locker in the 3rd quarter valued at approximately $358,000. Intech Investment Management LLC acquired a new stake in shares of Foot Locker in the 3rd quarter valued at approximately $829,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of Foot Locker by 3.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,113,583 shares of the athletic footwear retailer’s stock valued at $28,775,000 after buying an additional 38,318 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of Foot Locker in the 3rd quarter valued at approximately $282,000.

Foot Locker Stock Up 0.5 %

Shares of NYSE FL opened at $16.13 on Monday. 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, Inc. has a 52 week low of $14.98 and a 52 week high of $33.94. The stock has a market capitalization of $1.53 billion, a P/E ratio of -3.58, a PEG ratio of 0.53 and a beta of 1.55. The stock’s fifty day moving average is $18.70 and its 200 day moving average is $22.01.

Foot Locker (NYSE:FL) last issued its quarterly earnings results on Wednesday, March 5th. The athletic footwear retailer reported $0.86 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 analysts’ expectations of $2.32 billion. During the same quarter last year, the business earned $0.38 earnings per share. Foot Locker’s revenue was down 5.7% on a year-over-year basis. Sell-side analysts forecast that Foot Locker, Inc. will post 1.23 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Guggenheim cut their price objective on Foot Locker from $34.00 to $28.00 and set a “buy” rating for the company in a report on Thursday, December 5th. Piper Sandler cut their price target on Foot Locker from $23.00 to $19.00 and set a “neutral” rating for the company in a report on Thursday, March 6th. Jefferies Financial Group cut their price target on Foot Locker from $22.00 to $19.00 and set a “hold” rating for the company in a report on Wednesday, March 5th. The Goldman Sachs Group cut their price target on Foot Locker from $25.00 to $22.00 and set a “sell” rating for the company in a report on Thursday, December 5th. Finally, Robert W. Baird cut their price target on Foot Locker from $24.00 to $20.00 and set a “neutral” rating for the company in a report on Thursday, March 6th. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Foot Locker currently has a consensus rating of “Hold” and an average target price of $22.81.

Foot Locker Company 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.