Versor Investments LP Acquires New Stake in Foot Locker, Inc. (NYSE:FL)

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

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FL. Quarry LP acquired a new position in Foot Locker in the second quarter valued at approximately $31,000. Fifth Third Bancorp boosted its holdings in shares of Foot Locker by 116.0% in the 2nd quarter. Fifth Third Bancorp now owns 1,365 shares of the athletic footwear retailer's stock valued at $34,000 after buying an additional 733 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted 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 valued at $40,000 after buying an additional 985 shares in the last quarter. Headlands Technologies LLC purchased a new position in shares of Foot Locker in the 2nd quarter valued at $43,000. Finally, nVerses Capital LLC acquired a new stake in Foot Locker during the 3rd quarter worth $47,000.

Foot Locker Trading Down 0.8 %

Shares of Foot Locker stock traded down $0.19 during trading on Wednesday, reaching $24.84. The company's stock had a trading volume of 688,191 shares, compared to its average volume of 3,225,524. The business has a 50 day moving average price of $25.02 and a 200-day moving average price of $25.71. Foot Locker, Inc. has a 12-month low of $20.08 and a 12-month high of $35.60. 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 (NYSE:FL - Get Free Report) last announced its quarterly earnings results on Wednesday, August 28th. The athletic footwear retailer reported ($0.05) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.08) by $0.03. Foot Locker had a negative net margin of 4.48% and a positive return on equity of 2.73%. The business had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.88 billion. Equities analysts predict that Foot Locker, Inc. will post 1.5 EPS for the current fiscal year.

Insider Transactions at Foot Locker

In other news, major shareholder Vesa Equity Investment S.A R.L sold 246,886 shares of the firm's stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $32.93, for a total value of $8,129,955.98. Following the completion of the transaction, the insider now owns 11,146,292 shares in the company, valued at $367,047,395.56. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders have sold 787,566 shares of company stock valued at $26,090,866 in the last quarter. 1.20% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. 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. Gordon Haskett assumed coverage on Foot Locker in a research report on Monday, October 7th. They set an "accumulate" rating and a $27.00 price target on the stock. Telsey Advisory Group reissued a "market perform" rating and issued a $27.00 price objective on shares of Foot Locker in a report on Wednesday, August 28th. StockNews.com lowered shares of Foot Locker from a "hold" rating to a "sell" rating in a research report on Friday, September 20th. Finally, Evercore ISI upped their price target on shares of Foot Locker from $34.00 to $38.00 and gave the company an "outperform" rating in a research report on Monday, August 26th. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Foot Locker currently has an average rating of "Hold" and a consensus price target of $26.53.

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.