Chartwell Investment Partners LLC Buys 782 Shares of Foot Locker, Inc. (NYSE:FL)

Chartwell Investment Partners LLC boosted its stake in shares of Foot Locker, Inc. (NYSE:FL) by 2.4% in the third quarter, Holdings Channel reports. The institutional investor owned 33,685 shares of the athletic footwear retailer’s stock after acquiring an additional 782 shares during the period. Chartwell Investment Partners LLC’s holdings in Foot Locker were worth $870,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. State of New Jersey Common Pension Fund D purchased a new stake in Foot Locker during the third quarter worth $1,563,000. Semanteon Capital Management LP purchased a new stake in shares of Foot Locker during the 3rd quarter valued at $488,000. Blue Trust Inc. lifted its holdings in shares of Foot Locker by 537.0% during the 3rd quarter. Blue Trust Inc. now owns 2,981 shares of the athletic footwear retailer’s stock valued at $74,000 after purchasing an additional 2,513 shares during the last quarter. nVerses Capital LLC purchased a new position in Foot Locker in the 3rd quarter worth $47,000. Finally, Vontobel Holding Ltd. raised its stake in Foot Locker by 12.2% in the 3rd quarter. Vontobel Holding Ltd. now owns 11,144 shares of the athletic footwear retailer’s stock worth $288,000 after acquiring an additional 1,210 shares during the last quarter.

Insiders Place Their Bets

In related news, major shareholder Vesa Equity Investment S.A R.L sold 539,180 shares of the business’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $33.22, for a total transaction of $17,911,559.60. Following the completion of the transaction, the insider now owns 10,393,592 shares in the company, valued at approximately $345,275,126.24. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders sold a total of 787,566 shares of company stock worth $26,090,866 over the last 90 days. Corporate insiders own 1.20% of the company’s stock.

Foot Locker Stock Up 0.6 %

FL stock opened at $25.03 on Wednesday. The firm has a market cap of $2.37 billion, a PE ratio of -6.47, a PEG ratio of 0.61 and a beta of 1.44. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.49 and a current ratio of 1.66. The firm’s 50 day moving average price is $25.02 and its 200-day moving average price is $25.71. Foot Locker, Inc. has a one year low of $19.84 and a one year high of $35.60.

Foot Locker (NYSE:FL) last posted its earnings results on Wednesday, August 28th. The athletic footwear retailer reported ($0.05) earnings per share for the quarter, beating the consensus estimate 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 the consensus estimate of $1.88 billion. On average, equities research analysts anticipate that Foot Locker, Inc. will post 1.49 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Robert W. Baird cut their price target on Foot Locker from $35.00 to $27.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 25th. Barclays raised 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. Citigroup raised their target price on Foot Locker from $27.00 to $33.00 and gave the company a “neutral” rating in a research report on Tuesday, August 20th. Piper Sandler reaffirmed a “neutral” rating and issued a $30.00 price target on shares of Foot Locker in a research note on Friday, August 23rd. Finally, Evercore ISI raised their price target on shares of Foot Locker from $34.00 to $38.00 and gave the company an “outperform” rating in a research note on Monday, August 26th. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $26.53.

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.