Dynamic Technology Lab Private Ltd Takes Position in Foot Locker, Inc. (NYSE:FL)

Dynamic Technology Lab Private Ltd bought a new stake in shares of Foot Locker, Inc. (NYSE:FL) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 10,897 shares of the athletic footwear retailer’s stock, valued at approximately $282,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of FL. Quarry LP purchased a new position in shares of Foot Locker during the second quarter valued at approximately $31,000. Fifth Third Bancorp lifted its stake in shares of 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 acquiring an additional 733 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings 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 during the period. Headlands Technologies LLC bought a new position in Foot Locker in the 2nd quarter valued at $43,000. Finally, nVerses Capital LLC bought a new position in Foot Locker in the 3rd quarter valued at $47,000.

Foot Locker Price Performance

Shares of FL stock opened at $25.15 on Monday. The company has a market cap of $2.39 billion, a P/E ratio of -6.50, a PEG ratio of 0.74 and a beta of 1.44. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.66 and a quick ratio of 0.49. The stock’s 50-day moving average is $24.26 and its 200 day moving average is $25.80. Foot Locker, Inc. has a 1-year low of $20.47 and a 1-year high of $35.60.

Analysts Set New Price Targets

FL has been the subject of a number of recent analyst reports. Robert W. Baird lowered their target price on shares of Foot Locker from $35.00 to $27.00 and set a “neutral” rating for the company in a research note on Wednesday, September 25th. Gordon Haskett initiated coverage on shares of Foot Locker in a research note on Monday, October 7th. They issued an “accumulate” rating and a $27.00 target price on the stock. Needham & Company LLC initiated coverage on shares of Foot Locker in a research note on Friday, November 22nd. They set a “buy” rating and a $27.00 price target for the company. Telsey Advisory Group reiterated a “market perform” rating and issued a $27.00 price target on shares of Foot Locker in a report on Wednesday, August 28th. Finally, Evercore ISI reduced their price objective on Foot Locker from $38.00 to $32.00 and set an “outperform” rating on the stock in a report on Tuesday, November 26th. Two equities research 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, the stock has an average rating of “Hold” and a consensus price target of $27.00.

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.