Dimensional Fund Advisors LP Has $117.12 Million Position in Foot Locker, Inc. (NYSE:FL)

Dimensional Fund Advisors LP increased its position in shares of Foot Locker, Inc. (NYSE:FL) by 1.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,700,102 shares of the athletic footwear retailer’s stock after purchasing an additional 71,152 shares during the period. Dimensional Fund Advisors LP owned approximately 4.96% of Foot Locker worth $117,123,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in FL. Fifth Third Bancorp increased its stake 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 acquiring an additional 733 shares during the period. Quadrant Capital Group LLC increased its stake in Foot Locker by 3,004.4% during the 4th quarter. Quadrant Capital Group LLC now owns 1,397 shares of the athletic footwear retailer’s stock worth $44,000 after acquiring an additional 1,352 shares during the period. Headlands Technologies LLC bought a new position in Foot Locker during the 2nd quarter worth $43,000. Covestor Ltd increased its stake in Foot Locker by 43,900.0% during the 1st quarter. Covestor Ltd now owns 2,200 shares of the athletic footwear retailer’s stock worth $63,000 after acquiring an additional 2,195 shares during the period. Finally, Sunbelt Securities Inc. bought a new position in Foot Locker during the 1st quarter worth $100,000.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Wedbush restated a “neutral” rating and set a $25.00 price objective on shares of Foot Locker in a research note on Wednesday, June 12th. Piper Sandler reiterated a “neutral” rating and issued a $30.00 price target on shares of Foot Locker in a research note on Friday, August 23rd. Barclays upgraded Foot Locker from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $27.00 to $34.00 in a research note on Thursday, August 29th. Robert W. Baird lifted their price target on Foot Locker from $26.00 to $35.00 and gave the company a “neutral” rating in a research note on Monday, August 26th. Finally, Citigroup lifted their price target on Foot Locker from $27.00 to $33.00 and gave the company a “neutral” rating in a research note on Tuesday, August 20th. Five investment analysts have rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Foot Locker presently has a consensus rating of “Hold” and a consensus price target of $26.40.

Foot Locker Stock Down 3.6 %

Shares of FL opened at $27.33 on Tuesday. The company has a market capitalization of $2.59 billion, a PE ratio of -7.21, a PEG ratio of 0.65 and a beta of 1.44. Foot Locker, Inc. has a 12 month low of $16.68 and a 12 month high of $35.60. The stock’s 50-day moving average price is $28.62 and its two-hundred day moving average price is $25.59. 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 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. The firm had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.88 billion. Foot Locker had a positive return on equity of 2.73% and a negative net margin of 4.48%. On average, analysts anticipate that Foot Locker, Inc. will post 1.51 EPS for the current year.

Insiders Place Their Bets

In other news, major shareholder Vesa Equity Investment S.A R.L sold 1,500 shares of the business’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $32.90, for a total value of $49,350.00. Following the transaction, the insider now directly owns 11,402,353 shares of the company’s stock, valued at approximately $375,137,413.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 currently owned by company insiders.

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.