Quantbot Technologies LP Boosts Holdings in Foot Locker, Inc. $FL

Quantbot Technologies LP boosted its position in shares of Foot Locker, Inc. (NYSE:FL) by 17.8% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 107,748 shares of the athletic footwear retailer’s stock after acquiring an additional 16,263 shares during the period. Quantbot Technologies LP owned about 0.11% of Foot Locker worth $1,519,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. GAMMA Investing LLC increased its position in shares of Foot Locker by 250.6% in the 1st quarter. GAMMA Investing LLC now owns 2,468 shares of the athletic footwear retailer’s stock valued at $35,000 after purchasing an additional 1,764 shares during the last quarter. Pingora Partners LLC purchased a new stake in shares of Foot Locker in the 4th quarter valued at approximately $61,000. Signaturefd LLC increased its position in shares of Foot Locker by 27.2% in the 1st quarter. Signaturefd LLC now owns 4,579 shares of the athletic footwear retailer’s stock valued at $65,000 after purchasing an additional 980 shares during the last quarter. One68 Global Capital LLC purchased a new stake in shares of Foot Locker in the 4th quarter valued at approximately $239,000. Finally, Investors Research Corp raised its holdings in Foot Locker by 19.7% during the first quarter. Investors Research Corp now owns 11,529 shares of the athletic footwear retailer’s stock worth $163,000 after purchasing an additional 1,900 shares in the last quarter.

Wall Street Analysts Forecast Growth

FL has been the topic of a number of research analyst reports. JPMorgan Chase & Co. raised shares of Foot Locker from an “underweight” rating to a “neutral” rating and raised their price objective for the stock from $16.00 to $24.00 in a report on Thursday, May 15th. Telsey Advisory Group reissued a “market perform” rating and set a $24.00 price objective on shares of Foot Locker in a report on Friday, May 30th. Zacks Research raised shares of Foot Locker from a “strong sell” rating to a “hold” rating in a report on Monday, August 18th. Citigroup raised their price objective on shares of Foot Locker from $20.00 to $24.00 and gave the stock a “neutral” rating in a report on Friday, May 16th. Finally, Robert W. Baird set a $24.00 price objective on shares of Foot Locker in a report on Thursday, May 29th. Two investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Foot Locker presently has an average rating of “Hold” and an average target price of $21.20.

Insider Activity at Foot Locker

In other Foot Locker news, CAO Giovanna Cipriano sold 22,383 shares of the business’s stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $24.90, for a total transaction of $557,336.70. Following the sale, the chief accounting officer directly owned 93,895 shares in the company, valued at approximately $2,337,985.50. The trade was a 19.25% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.89% of the company’s stock.

Foot Locker Stock Performance

Shares of FL opened at $26.4150 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.49 and a current ratio of 1.64. The stock has a market capitalization of $2.52 billion, a P/E ratio of -7.01, a P/E/G ratio of 2.16 and a beta of 1.75. The company’s fifty day moving average is $25.00 and its two-hundred day moving average is $19.83. Foot Locker, Inc. has a 1 year low of $11.00 and a 1 year high of $33.94.

Foot Locker (NYSE:FL) last announced its quarterly earnings data on Thursday, May 29th. The athletic footwear retailer reported ($0.07) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.07). The company had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.86 billion. Foot Locker had a negative net margin of 4.54% and a positive return on equity of 3.65%. Foot Locker’s revenue was down 4.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.22 EPS. On average, sell-side analysts predict that Foot Locker, Inc. will post 1.23 earnings per share for the current year.

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.