Dynamic Technology Lab Private Ltd Invests $282,000 in Foot Locker, Inc. (NYSE:FL)

Dynamic Technology Lab Private Ltd acquired a new stake in shares of Foot Locker, Inc. (NYSE:FL) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,897 shares of the athletic footwear retailer’s stock, valued at approximately $282,000.

Other institutional investors also recently bought and sold shares of the company. Quarry LP purchased a new stake in shares of Foot Locker during the 2nd quarter valued at about $31,000. Fifth Third Bancorp increased its holdings in Foot Locker by 116.0% during the second quarter. Fifth Third Bancorp now owns 1,365 shares of the athletic footwear retailer’s stock valued at $34,000 after buying an additional 733 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in Foot Locker by 156.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,616 shares of the athletic footwear retailer’s stock worth $40,000 after acquiring an additional 985 shares during the period. Headlands Technologies LLC purchased a new position in shares of Foot Locker during the 2nd quarter worth $43,000. Finally, nVerses Capital LLC bought a new stake in shares of Foot Locker during the 3rd quarter valued at $47,000.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Gordon Haskett began coverage on Foot Locker in a report on Monday, October 7th. They issued an “accumulate” rating and a $27.00 target price on the stock. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $27.00 price objective on shares of Foot Locker in a research note on Wednesday, August 28th. Barclays upgraded Foot Locker from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $27.00 to $34.00 in a research note on Thursday, August 29th. Citigroup raised their target price on shares of Foot Locker from $27.00 to $33.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 20th. Finally, Evercore ISI dropped their price target on shares of Foot Locker from $38.00 to $32.00 and set an “outperform” rating for the company in a research report on Tuesday, November 26th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $27.00.

Foot Locker Trading Down 0.6 %

Shares of Foot Locker stock opened at $25.15 on Monday. The company has a quick ratio of 0.49, a current ratio of 1.66 and a debt-to-equity ratio of 0.15. The firm has a market cap of $2.39 billion, a price-to-earnings ratio of -6.50, a PEG ratio of 0.74 and a beta of 1.44. Foot Locker, Inc. has a twelve month low of $20.47 and a twelve month high of $35.60. The business has a 50-day moving average price of $24.26 and a 200-day moving average price of $25.80.

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.