Quest Partners LLC Buys New Stake in Foot Locker, Inc. (NYSE:FL)

Quest Partners LLC purchased a new stake in Foot Locker, Inc. (NYSE:FL) in the third quarter, HoldingsChannel reports. The institutional investor purchased 13,838 shares of the athletic footwear retailer’s stock, valued at approximately $358,000.

Other large investors also recently bought and sold shares of the company. Public Employees Retirement System of Ohio acquired a new stake in shares of Foot Locker in the 1st quarter valued at about $2,194,000. Renaissance Technologies LLC acquired a new stake in shares of Foot Locker in the second quarter valued at approximately $1,024,000. Interval Partners LP acquired a new position in shares of Foot Locker in the 1st quarter valued at $5,700,000. Versor Investments LP acquired a new position in shares of Foot Locker in the 3rd quarter valued at $793,000. Finally, State Board of Administration of Florida Retirement System raised its position in Foot Locker by 8.7% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 25,480 shares of the athletic footwear retailer’s stock valued at $726,000 after purchasing an additional 2,030 shares during the last quarter.

Foot Locker Price Performance

FL stock opened at $23.13 on Monday. The company has a market capitalization of $2.19 billion, a PE ratio of -5.98, a P/E/G ratio of 0.68 and a beta of 1.44. 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 stock’s 50 day moving average is $24.55 and its two-hundred day moving average is $25.77. Foot Locker, Inc. has a 52-week low of $20.47 and a 52-week high of $35.60.

Foot Locker (NYSE:FL) last posted its quarterly earnings results on Wednesday, August 28th. The athletic footwear retailer reported ($0.05) EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.03. Foot Locker had a positive return on equity of 2.73% and a negative net margin of 4.48%. The business had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.88 billion. Analysts predict that Foot Locker, Inc. will post 1.49 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Piper Sandler restated a “neutral” rating and issued a $30.00 price objective on shares of Foot Locker in a research note on Friday, August 23rd. Needham & Company LLC started coverage on Foot Locker in a research note on Friday. They set a “buy” rating and a $27.00 price objective for the company. Telsey Advisory Group reiterated a “market perform” rating and issued a $27.00 target price on shares of Foot Locker in a research note on Wednesday, August 28th. StockNews.com lowered shares of Foot Locker from a “hold” rating to a “sell” rating in a research note on Friday, September 20th. Finally, Robert W. Baird cut their price objective on Foot Locker from $35.00 to $27.00 and set a “neutral” rating for the company in a research report on Wednesday, September 25th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $27.33.

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.