Versor Investments LP Makes New $793,000 Investment in Foot Locker, Inc. (NYSE:FL)

Versor Investments LP acquired a new stake in Foot Locker, Inc. (NYSE:FL) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 30,700 shares of the athletic footwear retailer’s stock, valued at approximately $793,000.

Several other hedge funds also recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its position in Foot Locker by 1.5% during the second quarter. Dimensional Fund Advisors LP now owns 4,700,102 shares of the athletic footwear retailer’s stock valued at $117,123,000 after purchasing an additional 71,152 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Foot Locker by 23.8% during the second quarter. Allspring Global Investments Holdings LLC now owns 2,900,439 shares of the athletic footwear retailer’s stock valued at $72,279,000 after purchasing an additional 557,489 shares during the period. Jacobs Levy Equity Management Inc. raised its stake in shares of Foot Locker by 326.4% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 921,273 shares of the athletic footwear retailer’s stock valued at $26,256,000 after buying an additional 705,237 shares in the last quarter. Invenomic Capital Management LP lifted its stake in Foot Locker by 54.3% during the first quarter. Invenomic Capital Management LP now owns 752,320 shares of the athletic footwear retailer’s stock worth $21,441,000 after purchasing an additional 264,598 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Foot Locker by 0.7% during 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 during the period.

Insiders Place Their Bets

In other Foot Locker news, major shareholder Vesa Equity Investment S.A R.L sold 539,180 shares of Foot Locker stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $33.22, for a total transaction of $17,911,559.60. Following the sale, the insider now directly owns 10,393,592 shares of the company’s stock, valued at approximately $345,275,126.24. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last 90 days, insiders sold 787,566 shares of company stock worth $26,090,866. 1.20% of the stock is currently owned by company insiders.

Foot Locker Trading Up 0.6 %

FL stock opened at $25.03 on Wednesday. The stock has a 50-day simple moving average of $25.02 and a two-hundred day simple moving average of $25.71. The company has a quick ratio of 0.49, a current ratio of 1.66 and a debt-to-equity ratio of 0.15. Foot Locker, Inc. has a twelve month low of $19.84 and a twelve month high of $35.60.

Foot Locker (NYSE:FL) last posted its quarterly earnings data 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 firm had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.88 billion. Foot Locker had a positive return on equity of 2.73% and a negative net margin of 4.48%. As a group, sell-side analysts predict that Foot Locker, Inc. will post 1.49 EPS for the current year.

Analyst Ratings Changes

Several brokerages have recently commented on FL. Piper Sandler reissued a “neutral” rating and issued a $30.00 target price on shares of Foot Locker in a report on Friday, August 23rd. Evercore ISI increased their price target on shares of Foot Locker from $34.00 to $38.00 and gave the company an “outperform” rating in a research report on Monday, August 26th. StockNews.com lowered Foot Locker from a “hold” rating to a “sell” rating in a research report on Friday, September 20th. Barclays upgraded Foot Locker from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $27.00 to $34.00 in a report on Thursday, August 29th. Finally, Morgan Stanley lowered shares of Foot Locker from an “equal weight” rating to an “underweight” rating and cut their price objective for the stock from $24.00 to $18.00 in a research report on Thursday, July 18th. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Foot Locker has a consensus rating of “Hold” and an average price target of $26.53.

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.