30,700 Shares in Foot Locker, Inc. (NYSE:FL) Bought by Versor Investments LP

Versor Investments LP purchased a new position in Foot Locker, Inc. (NYSE:FL) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 30,700 shares of the athletic footwear retailer’s stock, valued at approximately $793,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Quarry LP bought a new position in shares of Foot Locker during the second quarter valued at approximately $31,000. Fifth Third Bancorp increased its position in shares of Foot Locker by 116.0% during the second quarter. Fifth Third Bancorp now owns 1,365 shares of the athletic footwear retailer’s stock worth $34,000 after acquiring an additional 733 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in shares of Foot Locker by 156.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,616 shares of the athletic footwear retailer’s stock worth $40,000 after acquiring an additional 985 shares during the period. Headlands Technologies LLC purchased a new stake in shares of Foot Locker in the second quarter valued at approximately $43,000. Finally, nVerses Capital LLC bought a new position in Foot Locker in the third quarter worth approximately $47,000.

Foot Locker Trading Up 0.6 %

Shares of Foot Locker stock opened at $25.03 on Wednesday. The business’s fifty day simple moving average is $25.02 and its 200-day simple moving average is $25.71. The company has a quick ratio of 0.49, a current ratio of 1.66 and a debt-to-equity ratio of 0.15. Foot Locker, Inc. has a 52 week low of $19.84 and a 52 week high of $35.60.

Foot Locker (NYSE:FL) last announced its earnings results on Wednesday, August 28th. The athletic footwear retailer reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.03. The company had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.88 billion. Foot Locker had a negative net margin of 4.48% and a positive return on equity of 2.73%. Research analysts predict that Foot Locker, Inc. will post 1.49 earnings per share for the current year.

Insider Buying and Selling at Foot Locker

In other news, major shareholder Vesa Equity Investment S.A R.L sold 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $32.90, for a total value of $49,350.00. Following the completion of the transaction, the insider now owns 11,402,353 shares of the company’s stock, valued at approximately $375,137,413.70. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have sold a total of 787,566 shares of company stock valued at $26,090,866 over the last quarter. 1.20% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages have weighed in on FL. Barclays raised Foot Locker from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $27.00 to $34.00 in a report on Thursday, August 29th. Evercore ISI boosted their price objective on Foot Locker from $34.00 to $38.00 and gave the company an “outperform” rating in a research report on Monday, August 26th. Robert W. Baird dropped their price target on shares of Foot Locker from $35.00 to $27.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 25th. StockNews.com cut shares of Foot Locker from a “hold” rating to a “sell” rating in a research report on Friday, September 20th. Finally, Telsey Advisory Group restated a “market perform” rating and set a $27.00 price target on shares of Foot Locker in a research report on Wednesday, August 28th. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $26.53.

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.