State of New Jersey Common Pension Fund D Takes $1.56 Million Position in Foot Locker, Inc. (NYSE:FL)

State of New Jersey Common Pension Fund D purchased a new position in shares of Foot Locker, Inc. (NYSE:FL - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 60,493 shares of the athletic footwear retailer's stock, valued at approximately $1,563,000. State of New Jersey Common Pension Fund D owned about 0.06% of Foot Locker as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in FL. Jacobs Levy Equity Management Inc. increased its holdings in shares of Foot Locker by 326.4% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 921,273 shares of the athletic footwear retailer's stock worth $26,256,000 after acquiring an additional 705,237 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of Foot Locker by 23.8% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,900,439 shares of the athletic footwear retailer's stock worth $72,279,000 after buying an additional 557,489 shares during the last quarter. Point72 Asset Management L.P. bought a new stake in shares of Foot Locker during the 2nd quarter worth about $10,005,000. Invenomic Capital Management LP grew its stake in Foot Locker by 54.3% in the 1st quarter. Invenomic Capital Management LP now owns 752,320 shares of the athletic footwear retailer's stock valued at $21,441,000 after buying an additional 264,598 shares during the last quarter. Finally, Interval Partners LP bought a new position in Foot Locker in the 1st quarter valued at about $5,700,000.

Foot Locker Price Performance

FL stock traded up $0.03 during midday trading on Tuesday, hitting $22.53. The company's stock had a trading volume of 1,582,893 shares, compared to its average volume of 3,212,952. Foot Locker, Inc. has a 12 month low of $20.47 and a 12 month high of $35.60. The company has a 50 day moving average of $24.76 and a two-hundred day moving average of $25.78. The company has a quick ratio of 0.49, a current ratio of 1.66 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $2.14 billion, a price-to-earnings ratio of -5.81, a price-to-earnings-growth ratio of 0.58 and a beta of 1.44.

Foot Locker (NYSE:FL - Get Free Report) last released its quarterly earnings data on Wednesday, August 28th. The athletic footwear retailer reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.03. The company had revenue of $1.90 billion during the quarter, compared to analysts' expectations of $1.88 billion. Foot Locker had a negative net margin of 4.48% and a positive return on equity of 2.73%. On average, analysts expect that Foot Locker, Inc. will post 1.5 EPS for the current year.

Analysts Set New Price Targets

FL has been the topic of several research reports. Citigroup upped their target price on Foot Locker from $27.00 to $33.00 and gave the company a "neutral" rating in a research report on Tuesday, August 20th. StockNews.com cut Foot Locker from a "hold" rating to a "sell" rating in a research report on Friday, September 20th. Piper Sandler reissued a "neutral" rating and issued a $30.00 target price on shares of Foot Locker in a research report on Friday, August 23rd. Barclays raised shares of 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 research report on Thursday, August 29th. Finally, Robert W. Baird cut their price objective on shares of Foot Locker from $35.00 to $27.00 and set a "neutral" rating for the company in a report on Wednesday, September 25th. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, Foot Locker currently has a consensus rating of "Hold" and a consensus target price of $26.53.

Insider Buying and Selling at Foot Locker

In other news, major shareholder Vesa Equity Investment S.A R.L sold 539,180 shares of the stock in a transaction on Monday, August 26th. The stock was sold at an average price of $33.22, for a total transaction of $17,911,559.60. Following the completion of the sale, the insider now owns 10,393,592 shares in the company, valued at approximately $345,275,126.24. This represents a 4.93 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.20% of the company's stock.

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.