Pathstone Holdings LLC Sells 11,264 Shares of Foot Locker, Inc. (NYSE:FL)

Pathstone Holdings LLC decreased its position in Foot Locker, Inc. (NYSE:FL) by 12.6% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 77,901 shares of the athletic footwear retailer’s stock after selling 11,264 shares during the quarter. Pathstone Holdings LLC owned approximately 0.08% of Foot Locker worth $2,013,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Dimensional Fund Advisors LP grew its position in shares of Foot Locker by 1.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,700,102 shares of the athletic footwear retailer’s stock valued at $117,123,000 after acquiring an additional 71,152 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in 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. Bank of New York Mellon Corp increased its position in Foot Locker by 0.7% in the second quarter. Bank of New York Mellon Corp now owns 689,542 shares of the athletic footwear retailer’s stock worth $17,183,000 after buying an additional 4,891 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in Foot Locker in the second quarter worth about $10,005,000. Finally, Empowered Funds LLC lifted its position in shares of Foot Locker by 5.4% during the 3rd quarter. Empowered Funds LLC now owns 385,521 shares of the athletic footwear retailer’s stock valued at $9,962,000 after buying an additional 19,612 shares in the last quarter.

Analyst Upgrades and Downgrades

FL has been the subject of several analyst reports. Evercore ISI reduced their target price on shares of Foot Locker from $38.00 to $32.00 and set an “outperform” rating for the company in a report on Tuesday. Citigroup raised their price objective on shares of Foot Locker from $27.00 to $33.00 and gave the company a “neutral” rating in a research report on Tuesday, August 20th. Piper Sandler reaffirmed a “neutral” rating and issued a $30.00 target price on shares of Foot Locker in a report on Friday, August 23rd. Needham & Company LLC began coverage on Foot Locker in a report on Friday, November 22nd. They set a “buy” rating and a $27.00 price target on the stock. Finally, 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 research report on Thursday, August 29th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Foot Locker presently has an average rating of “Hold” and an average price target of $26.93.

Foot Locker Price Performance

FL stock opened at $24.48 on Wednesday. Foot Locker, Inc. has a 52 week low of $20.47 and a 52 week high of $35.60. The firm has a market capitalization of $2.32 billion, a P/E ratio of -6.33, a price-to-earnings-growth ratio of 0.68 and a beta of 1.44. The company has a fifty day simple moving average of $24.51 and a two-hundred day simple moving average of $25.77. 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 (NYSE:FL) last released its quarterly earnings results on Wednesday, August 28th. The athletic footwear retailer reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.08) by $0.03. Foot Locker had a positive return on equity of 2.73% and a negative net margin of 4.48%. The company had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.88 billion. Analysts anticipate that Foot Locker, Inc. will post 1.49 earnings per share for the current fiscal year.

Foot Locker 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.