nVerses Capital LLC Makes New $47,000 Investment in Foot Locker, Inc. (NYSE:FL)

nVerses Capital LLC acquired a new stake in Foot Locker, Inc. (NYSE:FL) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 1,800 shares of the athletic footwear retailer’s stock, valued at approximately $47,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Susquehanna Fundamental Investments LLC acquired a new stake in Foot Locker in the first quarter valued at $3,488,000. Public Employees Retirement System of Ohio acquired a new stake in Foot Locker in the 1st quarter valued at about $2,194,000. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Foot Locker during the first quarter worth about $2,670,000. Renaissance Technologies LLC acquired a new position in Foot Locker during the second quarter worth approximately $1,024,000. Finally, Interval Partners LP bought a new stake in Foot Locker in the first quarter valued at approximately $5,700,000.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on FL. Telsey Advisory Group reaffirmed a “market perform” rating and set a $27.00 price target on shares of Foot Locker in a report on Wednesday, August 28th. StockNews.com downgraded shares of Foot Locker from a “hold” rating to a “sell” rating in a report on Friday, September 20th. Citigroup increased their price target on shares of Foot Locker from $27.00 to $33.00 and gave the company a “neutral” rating in a report on Tuesday, August 20th. Evercore ISI upped their target price on Foot Locker from $34.00 to $38.00 and gave the company an “outperform” rating in a research report on Monday, August 26th. Finally, Robert W. Baird dropped their price target on Foot Locker from $35.00 to $27.00 and set a “neutral” rating for the company in a report on Wednesday, September 25th. Five equities research analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $25.94.

Insider Activity at Foot Locker

In other Foot Locker news, major shareholder Vesa Equity Investment S.A R.L sold 246,886 shares of the firm’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $32.93, for a total value of $8,129,955.98. Following the sale, the insider now owns 11,146,292 shares in the company, valued at $367,047,395.56. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. In the last three months, insiders have sold 787,566 shares of company stock valued at $26,090,866. 1.20% of the stock is owned by insiders.

Foot Locker Stock Performance

Shares of Foot Locker stock opened at $23.71 on Wednesday. The company has a 50 day moving average of $27.51 and a 200-day moving average of $25.53. The company has a market cap of $2.25 billion, a PE ratio of -6.26, a price-to-earnings-growth ratio of 0.60 and a beta of 1.43. Foot Locker, Inc. has a 1-year low of $19.44 and a 1-year high of $35.60. The company has a current ratio of 1.66, a quick ratio of 0.49 and a debt-to-equity ratio of 0.15.

Foot Locker (NYSE:FL) last announced its quarterly earnings data on Wednesday, August 28th. The athletic footwear retailer reported ($0.05) earnings per share 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 business had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.88 billion. As a group, equities research analysts forecast 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.