Quantbot Technologies LP Makes New Investment in Foot Locker, Inc. (NYSE:FL)

Quantbot Technologies LP bought a new position in shares of Foot Locker, Inc. (NYSE:FL - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 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 reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Allspring Global Investments Holdings LLC grew its stake in Foot Locker by 88.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 5,323,597 shares of the athletic footwear retailer's stock worth $115,365,000 after purchasing an additional 2,500,396 shares during the period. Geode Capital Management LLC grew its position in shares of Foot Locker by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 1,908,253 shares of the athletic footwear retailer's stock worth $49,319,000 after buying an additional 25,394 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Foot Locker by 30.4% in the 4th quarter. Bank of New York Mellon Corp now owns 1,429,870 shares of the athletic footwear retailer's stock valued at $31,114,000 after acquiring an additional 333,247 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Foot Locker by 5.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,176,449 shares of the athletic footwear retailer's stock valued at $25,600,000 after acquiring an additional 62,866 shares during the period. Finally, Jacobs Levy Equity Management Inc. boosted its stake in Foot Locker by 10.3% during the third quarter. Jacobs Levy Equity Management Inc. now owns 1,135,474 shares of the athletic footwear retailer's stock worth $29,341,000 after acquiring an additional 106,402 shares in the last quarter.

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Foot Locker Stock Performance

Foot Locker stock traded down $0.23 during trading hours on Tuesday, hitting $15.81. 1,335,385 shares of the stock traded hands, compared to its average volume of 3,277,336. Foot Locker, Inc. has a 1 year low of $14.98 and a 1 year high of $33.94. The stock has a market capitalization of $1.50 billion, a price-to-earnings ratio of -3.51, a P/E/G ratio of 0.53 and a beta of 1.55. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.67 and a quick ratio of 0.45. The firm's 50 day moving average price is $18.59 and its 200-day moving average price is $21.93.

Foot Locker (NYSE:FL - Get Free Report) last issued its quarterly earnings data 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. The business had revenue of $2.25 billion for the quarter, compared to analysts' expectations of $2.32 billion. Foot Locker had a negative net margin of 5.24% and a positive return on equity of 2.91%. The business's revenue was down 5.7% on a year-over-year basis. During the same quarter last year, the company earned $0.38 EPS. As a group, equities analysts expect that Foot Locker, Inc. will post 1.23 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

FL has been the subject of several recent research reports. Morgan Stanley decreased their price objective on Foot Locker from $17.00 to $16.00 and set an "underweight" rating for the company in a report on Friday, December 6th. UBS Group reduced their price objective on Foot Locker from $22.00 to $21.00 and set a "neutral" rating for the company in a research note on Thursday, March 6th. Barclays set a $24.00 target price on Foot Locker in a research report on Wednesday, March 5th. Williams Trading upgraded shares of Foot Locker from a "sell" rating to a "hold" rating and upped their price target for the company from $17.00 to $21.00 in a research note on Wednesday, November 27th. Finally, Evercore ISI reduced their target price on Foot Locker from $30.00 to $22.00 and set an "outperform" rating for the company in a report on Monday, March 3rd. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $22.81.

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.