Quantbot Technologies LP Purchases Shares of 91,485 Foot Locker, Inc. (NYSE:FL)

Quantbot Technologies LP purchased a new stake in Foot Locker, Inc. (NYSE:FL - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 91,485 shares of the athletic footwear retailer's stock, valued at approximately $1,991,000. Quantbot Technologies LP owned 0.10% of Foot Locker at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Blueshift Asset Management LLC acquired a new position in shares of Foot Locker in the fourth quarter valued at approximately $381,000. Intech Investment Management LLC grew its holdings in Foot Locker by 150.7% in the 4th quarter. Intech Investment Management LLC now owns 80,411 shares of the athletic footwear retailer's stock valued at $1,750,000 after buying an additional 48,337 shares in the last quarter. Harbour Investments Inc. increased its position in Foot Locker by 81.6% during the 4th quarter. Harbour Investments Inc. now owns 1,442 shares of the athletic footwear retailer's stock worth $31,000 after buying an additional 648 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Foot Locker by 51.9% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 77,663 shares of the athletic footwear retailer's stock worth $1,690,000 after buying an additional 26,530 shares in the last quarter. Finally, Amundi lifted its holdings in shares of Foot Locker by 140.6% during the fourth quarter. Amundi now owns 47,683 shares of the athletic footwear retailer's stock worth $980,000 after buying an additional 27,868 shares in the last quarter.

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Foot Locker Trading Down 0.3 %

Shares of Foot Locker stock traded down $0.05 during trading on Thursday, hitting $15.27. The company's stock had a trading volume of 4,013,925 shares, compared to its average volume of 3,259,234. The stock has a market cap of $1.45 billion, a price-to-earnings ratio of -3.38, a price-to-earnings-growth ratio of 0.53 and a beta of 1.55. Foot Locker, Inc. has a 52 week low of $14.98 and a 52 week high of $33.94. The stock has a 50-day moving average price of $18.38 and a two-hundred day moving average price of $21.81. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.67 and a quick ratio of 0.45.

Foot Locker (NYSE:FL - Get Free Report) last issued its quarterly earnings results on Wednesday, March 5th. The athletic footwear retailer reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.13. The company had revenue of $2.25 billion during the quarter, compared to analysts' expectations of $2.32 billion. Foot Locker had a positive return on equity of 2.91% and a negative net margin of 5.24%. The business's quarterly revenue was down 5.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.38 earnings per share. Equities research analysts anticipate that Foot Locker, Inc. will post 1.23 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Robert W. Baird lowered their price target on shares of Foot Locker from $24.00 to $20.00 and set a "neutral" rating on the stock in a research report on Thursday, March 6th. UBS Group lowered their target price on shares of Foot Locker from $22.00 to $21.00 and set a "neutral" rating on the stock in a report on Thursday, March 6th. Evercore ISI cut their price target on Foot Locker from $30.00 to $22.00 and set an "outperform" rating for the company in a research note on Monday, March 3rd. The Goldman Sachs Group lowered their price objective on Foot Locker from $25.00 to $22.00 and set a "sell" rating on the stock in a research note on Thursday, December 5th. Finally, Guggenheim cut their target price on Foot Locker from $34.00 to $28.00 and set a "buy" rating for the company in a research report on Thursday, December 5th. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus 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.