Foot Locker, Inc. (NYSE:FL) Shares Sold by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. lessened its holdings in shares of Foot Locker, Inc. (NYSE:FL) by 35.5% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 51,133 shares of the athletic footwear retailer’s stock after selling 28,097 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned 0.05% of Foot Locker worth $1,321,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of FL. Dimensional Fund Advisors LP boosted its position in shares of Foot Locker by 1.5% in the second quarter. Dimensional Fund Advisors LP now owns 4,700,102 shares of the athletic footwear retailer’s stock worth $117,123,000 after buying an additional 71,152 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in 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 acquiring an additional 557,489 shares during the period. Bank of New York Mellon Corp grew its position in Foot Locker by 0.7% in the second quarter. Bank of New York Mellon Corp now owns 689,542 shares of the athletic footwear retailer’s stock valued at $17,183,000 after acquiring an additional 4,891 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of Foot Locker during the second quarter valued at approximately $10,005,000. Finally, Empowered Funds LLC lifted its position in shares of Foot Locker by 5.4% during the third quarter. Empowered Funds LLC now owns 385,521 shares of the athletic footwear retailer’s stock worth $9,962,000 after purchasing an additional 19,612 shares in the last quarter.

Wall Street Analyst Weigh In

FL has been the topic of several analyst reports. Needham & Company LLC assumed coverage on shares of Foot Locker in a research note on Friday, November 22nd. They set a “buy” rating and a $27.00 price target on the stock. Piper Sandler reaffirmed a “neutral” rating and set a $30.00 target price on shares of Foot Locker in a research report on Friday, August 23rd. Citigroup increased their price target on Foot Locker from $27.00 to $33.00 and gave the company a “neutral” rating in a report on Tuesday, August 20th. StockNews.com lowered Foot Locker from a “hold” rating to a “sell” rating in a research note on Friday, September 20th. Finally, Gordon Haskett initiated coverage on Foot Locker in a research report on Monday, October 7th. They issued an “accumulate” rating and a $27.00 target price on the stock. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Foot Locker presently has an average rating of “Hold” and a consensus price target of $26.93.

Foot Locker Stock Down 0.3 %

Shares of NYSE:FL opened at $24.48 on Wednesday. The company’s fifty day moving average is $24.51 and its two-hundred day moving average is $25.77. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.49 and a current ratio of 1.66. Foot Locker, Inc. has a 1-year low of $20.47 and a 1-year high of $35.60. The stock has a market capitalization of $2.32 billion, a price-to-earnings ratio of -6.33, a price-to-earnings-growth ratio of 0.68 and a beta of 1.44.

Foot Locker (NYSE:FL) last released its quarterly earnings data on Wednesday, August 28th. The athletic footwear retailer reported ($0.05) earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $1.88 billion. Equities analysts anticipate that Foot Locker, Inc. will post 1.49 EPS for the current year.

Foot Locker 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.