Quest Partners LLC Buys Shares of 13,838 Foot Locker, Inc. (NYSE:FL)

Quest Partners LLC purchased a new position in Foot Locker, Inc. (NYSE:FL) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 13,838 shares of the athletic footwear retailer’s stock, valued at approximately $358,000.

Several other large investors have also recently made changes to their positions in FL. Quarry LP acquired a new stake in Foot Locker during the 2nd quarter worth $31,000. Fifth Third Bancorp grew its stake in Foot Locker by 116.0% during the 2nd quarter. Fifth Third Bancorp now owns 1,365 shares of the athletic footwear retailer’s stock valued at $34,000 after acquiring an additional 733 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in Foot Locker by 156.1% during 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 in the last quarter. Headlands Technologies LLC acquired a new stake in Foot Locker in the 2nd quarter valued at about $43,000. Finally, nVerses Capital LLC purchased a new position in Foot Locker in the 3rd quarter worth approximately $47,000.

Foot Locker Stock Up 3.0 %

Shares of FL opened at $23.13 on Monday. The company’s 50-day simple moving average is $24.55 and its 200-day simple 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 $2.19 billion, a PE ratio of -5.98, a P/E/G ratio of 0.68 and a beta of 1.44.

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

Analyst Upgrades and Downgrades

FL has been the subject of a number of recent research reports. Robert W. Baird cut their target price on Foot Locker from $35.00 to $27.00 and set a “neutral” rating for the company in a research note on Wednesday, September 25th. Evercore ISI boosted their target price on shares of Foot Locker from $34.00 to $38.00 and gave the company an “outperform” rating in a report on Monday, August 26th. Piper Sandler restated a “neutral” rating and set a $30.00 price target on shares of Foot Locker in a report on Friday, August 23rd. Citigroup upped their price objective on Foot Locker from $27.00 to $33.00 and gave the company a “neutral” rating in a report on Tuesday, August 20th. Finally, Needham & Company LLC started coverage on Foot Locker in a research note on Friday. They set a “buy” rating and a $27.00 target price for the company. Three investment 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, the stock presently has an average rating of “Hold” and an average target price of $27.33.

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.