Vontobel Holding Ltd. Increases Stock Holdings in Foot Locker, Inc. (NYSE:FL)

Vontobel Holding Ltd. grew its stake in Foot Locker, Inc. (NYSE:FL) by 12.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,144 shares of the athletic footwear retailer’s stock after purchasing an additional 1,210 shares during the quarter. Vontobel Holding Ltd.’s holdings in Foot Locker were worth $288,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Sunbelt Securities Inc. purchased a new position in shares of Foot Locker in the 1st quarter valued at approximately $100,000. Fortis Group Advisors LLC purchased a new position in Foot Locker during the 1st quarter valued at about $298,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in Foot Locker by 12.9% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 47,598 shares of the athletic footwear retailer’s stock worth $1,357,000 after acquiring an additional 5,454 shares in the last quarter. Texas Permanent School Fund Corp grew its holdings in Foot Locker by 1.3% in the first quarter. Texas Permanent School Fund Corp now owns 71,696 shares of the athletic footwear retailer’s stock worth $2,043,000 after purchasing an additional 931 shares during the period. Finally, Empowered Funds LLC lifted its holdings in shares of Foot Locker by 22.8% during the first quarter. Empowered Funds LLC now owns 339,557 shares of the athletic footwear retailer’s stock valued at $9,677,000 after purchasing an additional 63,058 shares during the last quarter.

Insiders Place Their Bets

In related news, major shareholder Vesa Equity Investment S.A R.L sold 246,886 shares of the business’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $32.93, for a total value of $8,129,955.98. Following the transaction, the insider now directly owns 11,146,292 shares of the company’s stock, valued at approximately $367,047,395.56. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last quarter, insiders sold 787,566 shares of company stock worth $26,090,866. Corporate insiders own 1.20% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on FL. Evercore ISI upped their price target on Foot Locker from $34.00 to $38.00 and gave the stock an “outperform” rating in a research note on Monday, August 26th. StockNews.com cut Foot Locker from a “hold” rating to a “sell” rating in a research report on Friday, September 20th. Citigroup upped their target price on shares of Foot Locker from $27.00 to $33.00 and gave the company a “neutral” rating in a research note on Tuesday, August 20th. Piper Sandler reissued a “neutral” rating and set a $30.00 price objective on shares of Foot Locker in a report on Friday, August 23rd. Finally, Gordon Haskett began coverage on shares of Foot Locker in a research report on Monday, October 7th. They set an “accumulate” rating and a $27.00 price objective on the stock. Five investment analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Foot Locker currently has an average rating of “Hold” and a consensus price target of $25.94.

Foot Locker Stock Performance

Shares of FL opened at $23.71 on Wednesday. Foot Locker, Inc. has a 52 week low of $19.44 and a 52 week high of $35.60. 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 stock has a market cap of $2.25 billion, a price-to-earnings ratio of -6.26, a PEG ratio of 0.60 and a beta of 1.43. The business has a 50-day simple moving average of $27.51 and a two-hundred day simple moving average of $25.53.

Foot Locker (NYSE:FL) last announced its quarterly earnings data on Wednesday, August 28th. The athletic footwear retailer reported ($0.05) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.03. Foot Locker had a negative net margin of 4.48% and a positive return on equity of 2.73%. The firm had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.88 billion. On average, analysts expect that Foot Locker, Inc. will post 1.49 EPS for the current year.

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.