XTX Topco Ltd Acquires 2,801 Shares of Foot Locker, Inc. (NYSE:FL)

XTX Topco Ltd boosted its stake in shares of Foot Locker, Inc. (NYSE:FL) by 23.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 14,624 shares of the athletic footwear retailer’s stock after acquiring an additional 2,801 shares during the quarter. XTX Topco Ltd’s holdings in Foot Locker were worth $378,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Quarry LP acquired a new position in shares of Foot Locker during the second quarter valued at $31,000. Fifth Third Bancorp raised its holdings 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 worth $34,000 after purchasing an additional 733 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position 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 purchasing an additional 985 shares during the period. Headlands Technologies LLC acquired a new stake in shares of Foot Locker during the 2nd quarter worth approximately $43,000. Finally, nVerses Capital LLC bought a new stake in shares of Foot Locker during the third quarter worth approximately $47,000.

Foot Locker Stock Up 3.1 %

FL stock opened at $22.48 on Tuesday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.67 and a quick ratio of 0.45. The stock has a market capitalization of $2.13 billion, a P/E ratio of -4.98, a P/E/G ratio of 0.86 and a beta of 1.46. Foot Locker, Inc. has a fifty-two week low of $19.33 and a fifty-two week high of $35.60. The business has a 50-day moving average of $23.58 and a 200-day moving average of $25.80.

Foot Locker (NYSE:FL) last released its quarterly earnings results on Wednesday, December 4th. The athletic footwear retailer reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.07). Foot Locker had a positive return on equity of 2.91% and a negative net margin of 5.24%. The firm had revenue of $1.96 billion for the quarter, compared to analyst estimates of $2.01 billion. During the same period last year, the company earned $0.30 EPS. The company’s revenue was down 1.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Foot Locker, Inc. will post 1.23 earnings per share for the current fiscal year.

Analysts Set New Price Targets

FL has been the topic of a number of recent research reports. StockNews.com cut shares of Foot Locker from a “hold” rating to a “sell” rating in a research note on Friday, September 20th. Guggenheim reduced their price target on Foot Locker from $34.00 to $28.00 and set a “buy” rating on the stock in a research report on Thursday, December 5th. Williams Trading raised Foot Locker from a “sell” rating to a “hold” rating and increased their target price for the company from $17.00 to $21.00 in a research note on Wednesday, November 27th. Needham & Company LLC restated a “buy” rating and set a $27.00 target price on shares of Foot Locker in a report on Wednesday, December 4th. Finally, Robert W. Baird cut their price target on shares of Foot Locker from $27.00 to $24.00 and set a “neutral” rating on the stock in a research report on Thursday, December 5th. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $25.29.

Foot Locker Company 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.