Point72 Hong Kong Ltd Raises Position in Foot Locker, Inc. (NYSE:FL)

Point72 Hong Kong Ltd lifted its position in shares of Foot Locker, Inc. (NYSE:FL) by 115.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,126 shares of the athletic footwear retailer’s stock after acquiring an additional 10,260 shares during the period. Point72 Hong Kong Ltd’s holdings in Foot Locker were worth $494,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Edgestream Partners L.P. lifted its stake in Foot Locker by 477.2% during the 3rd quarter. Edgestream Partners L.P. now owns 117,602 shares of the athletic footwear retailer’s stock valued at $3,039,000 after acquiring an additional 97,226 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in Foot Locker during the third quarter valued at approximately $282,000. Charles Schwab Investment Management Inc. boosted its holdings in Foot Locker by 3.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,113,583 shares of the athletic footwear retailer’s stock worth $28,775,000 after purchasing an additional 38,318 shares during the last quarter. Landscape Capital Management L.L.C. grew its position in Foot Locker by 3.2% in the 3rd quarter. Landscape Capital Management L.L.C. now owns 115,570 shares of the athletic footwear retailer’s stock worth $2,986,000 after purchasing an additional 3,593 shares during the period. Finally, Intech Investment Management LLC purchased a new stake in Foot Locker during the 3rd quarter valued at $829,000.

Analysts Set New Price Targets

A number of research firms have recently issued reports on FL. Citigroup raised their price target on Foot Locker from $27.00 to $33.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 20th. Evercore ISI dropped their target price on Foot Locker from $38.00 to $32.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 26th. Gordon Haskett began coverage on shares of Foot Locker in a research report on Monday, October 7th. They set an “accumulate” rating and a $27.00 price target for the company. 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. Finally, Barclays raised shares of Foot Locker from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $27.00 to $34.00 in a report on Thursday, August 29th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $26.87.

Foot Locker Trading Down 0.0 %

FL opened at $25.14 on Tuesday. Foot Locker, Inc. has a fifty-two week low of $20.47 and a fifty-two week high of $35.60. 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’s fifty day moving average is $24.26 and its 200 day moving average is $25.83.

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.