Mutual of America Capital Management LLC Reduces Holdings in Foot Locker, Inc. (NYSE:FL)

Mutual of America Capital Management LLC lessened its position in shares of Foot Locker, Inc. (NYSE:FL) by 8.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 12,394 shares of the athletic footwear retailer’s stock after selling 1,119 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Foot Locker were worth $320,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Quarry LP purchased a new position in Foot Locker during the second quarter worth about $31,000. Fifth Third Bancorp boosted its position in shares of 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 purchasing an additional 733 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in Foot Locker by 156.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,616 shares of the athletic footwear retailer’s stock valued at $40,000 after purchasing an additional 985 shares during the last quarter. Headlands Technologies LLC acquired a new stake in Foot Locker in the 2nd quarter valued at approximately $43,000. Finally, nVerses Capital LLC purchased a new stake in Foot Locker in the third quarter valued at approximately $47,000.

Foot Locker Trading Up 3.4 %

FL opened at $25.31 on Friday. The business’s 50-day simple moving average is $24.40 and its 200-day simple moving average is $25.77. The company has a market cap of $2.40 billion, a P/E ratio of -6.54, a PEG ratio of 0.72 and a beta of 1.44. Foot Locker, Inc. has a one year low of $20.47 and a one year high of $35.60. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.49 and a current ratio of 1.66.

Foot Locker (NYSE:FL) last released its quarterly earnings data on Wednesday, August 28th. The athletic footwear retailer reported ($0.05) earnings per share 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 company had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.88 billion. As a group, equities research analysts expect that Foot Locker, Inc. will post 1.48 EPS for the current fiscal year.

Analysts Set New Price Targets

FL has been the subject of a number of research reports. Evercore ISI dropped their price objective on Foot Locker from $38.00 to $32.00 and set an “outperform” rating for the company in a research note on Tuesday. StockNews.com downgraded Foot Locker from a “hold” rating to a “sell” rating in a research report on Friday, September 20th. Barclays raised shares of Foot Locker from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $27.00 to $34.00 in a research report on Thursday, August 29th. Piper Sandler restated a “neutral” rating and issued a $30.00 price objective on shares of Foot Locker in a report on Friday, August 23rd. Finally, Telsey Advisory Group reiterated a “market perform” rating and set a $27.00 target price on shares of Foot Locker in a report on Wednesday, August 28th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $26.56.

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.