Algert Global LLC Decreases Holdings in Foot Locker, Inc. (NYSE:FL)

Algert Global LLC trimmed its stake in Foot Locker, Inc. (NYSE:FL) by 35.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 71,132 shares of the athletic footwear retailer’s stock after selling 39,917 shares during the period. Algert Global LLC’s holdings in Foot Locker were worth $1,838,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of FL. Allspring Global Investments Holdings LLC increased its stake in shares of Foot Locker by 23.8% in 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 purchasing an additional 557,489 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of Foot Locker in the 2nd quarter worth $10,005,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Foot Locker in the 1st quarter worth $2,194,000. Dimensional Fund Advisors LP increased its stake in shares of Foot Locker by 1.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,700,102 shares of the athletic footwear retailer’s stock worth $117,123,000 after purchasing an additional 71,152 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D bought a new position in Foot Locker in the 3rd quarter worth $1,563,000.

Foot Locker Stock Up 3.4 %

Shares of NYSE:FL opened at $25.31 on Thursday. 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, 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 price of $24.45 and a 200 day moving average price of $25.77. The company has a market cap of $2.40 billion, a price-to-earnings ratio of -6.54, a PEG ratio of 0.72 and a beta of 1.44.

Foot Locker (NYSE:FL) last announced its quarterly earnings results on Wednesday, August 28th. The athletic footwear retailer reported ($0.05) 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 firm had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.88 billion. As a group, equities research analysts predict that Foot Locker, Inc. will post 1.49 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts recently weighed in on FL shares. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $27.00 target price on shares of Foot Locker in a report on Wednesday, August 28th. Robert W. Baird dropped their target price 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. Gordon Haskett started coverage on shares of Foot Locker in a report on Monday, October 7th. They issued an “accumulate” rating and a $27.00 target price for the company. Evercore ISI dropped their target price on shares of Foot Locker from $38.00 to $32.00 and set an “outperform” rating for the company in a report on Tuesday. Finally, Citigroup upped their target price on shares of Foot Locker from $27.00 to $33.00 and gave the stock a “neutral” rating in a report on Tuesday, August 20th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $26.56.

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.