Connor Clark & Lunn Investment Management Ltd. Lowers Holdings in Foot Locker, Inc. (NYSE:FL)

Connor Clark & Lunn Investment Management Ltd. cut its holdings in shares of Foot Locker, Inc. (NYSE:FL - Free Report) by 35.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 51,133 shares of the athletic footwear retailer's stock after selling 28,097 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 0.05% of Foot Locker worth $1,321,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in FL. Quarry LP bought a new position in Foot Locker during the second quarter worth $31,000. Fifth Third Bancorp raised its holdings in 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 buying an additional 733 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of 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 acquiring an additional 985 shares during the last quarter. Headlands Technologies LLC bought a new position 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 during the 3rd quarter valued at $47,000.

Foot Locker Stock Performance

Shares of NYSE FL opened at $24.48 on Wednesday. Foot Locker, Inc. has a 1 year low of $20.47 and a 1 year high of $35.60. The company's 50-day moving average is $24.51 and its 200 day moving average is $25.77. The company has a current ratio of 1.66, a quick ratio of 0.49 and a debt-to-equity ratio of 0.15.

Foot Locker (NYSE:FL - Get Free Report) last posted its earnings results on Wednesday, August 28th. The athletic footwear retailer reported ($0.05) earnings per share for the quarter, topping analysts' consensus estimates of ($0.08) by $0.03. The firm had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.88 billion. Foot Locker had a positive return on equity of 2.73% and a negative net margin of 4.48%. On average, analysts anticipate that Foot Locker, Inc. will post 1.49 EPS for the current fiscal year.

Wall Street Analyst Weigh In

FL has been the topic of a number of recent analyst reports. Gordon Haskett started coverage on Foot Locker in a report on Monday, October 7th. They set an "accumulate" rating and a $27.00 price target on the stock. Robert W. Baird dropped their price objective on Foot Locker from $35.00 to $27.00 and set a "neutral" rating on the stock in a report on Wednesday, September 25th. Evercore ISI cut their price target on shares of Foot Locker from $38.00 to $32.00 and set an "outperform" rating for the company in a report on Tuesday. StockNews.com cut shares of Foot Locker from a "hold" rating to a "sell" rating in a research note on Friday, September 20th. Finally, Barclays upgraded Foot Locker from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $27.00 to $34.00 in a research report on Thursday, August 29th. Three 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's stock. Based on data from MarketBeat, Foot Locker presently has a consensus rating of "Hold" and a consensus price target of $26.93.

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.