Intech Investment Management LLC Purchases Shares of 32,074 Foot Locker, Inc. (NYSE:FL)

Intech Investment Management LLC purchased a new position in shares of Foot Locker, Inc. (NYSE:FL) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 32,074 shares of the athletic footwear retailer’s stock, valued at approximately $829,000.

Several other hedge funds have also recently modified their holdings of the stock. Quarry LP purchased a new stake in Foot Locker during the 2nd quarter worth approximately $31,000. Fifth Third Bancorp grew its holdings in shares of Foot Locker by 116.0% during the second 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 during the last quarter. Northwestern Mutual Wealth Management Co. increased its position 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 acquiring an additional 985 shares during the period. Headlands Technologies LLC purchased a new position in Foot Locker in the 2nd quarter worth $43,000. Finally, nVerses Capital LLC acquired a new stake in Foot Locker during the 3rd quarter worth about $47,000.

Foot Locker Price Performance

Shares of NYSE FL opened at $25.31 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.49 and a current ratio of 1.66. The firm has a fifty day moving average of $24.40 and a 200 day moving average of $25.77. The firm has a market cap of $2.40 billion, a PE ratio of -6.54, a PEG ratio of 0.72 and a beta of 1.44. Foot Locker, Inc. has a one year low of $20.47 and a one year high of $35.60.

Foot Locker (NYSE:FL) last released its 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. The business 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%. As a group, research analysts predict that Foot Locker, Inc. will post 1.48 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on FL shares. 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. 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. Robert W. Baird dropped their price objective on shares of Foot Locker from $35.00 to $27.00 and set a “neutral” rating on the stock in a report on Wednesday, September 25th. Piper Sandler reissued a “neutral” rating and set a $30.00 target price on shares of Foot Locker in a report on Friday, August 23rd. Finally, Citigroup upped their price target on shares of Foot Locker from $27.00 to $33.00 and gave the company a “neutral” rating in a report on Tuesday, August 20th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $26.56.

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.