Landscape Capital Management L.L.C. Increases Stock Holdings in Foot Locker, Inc. (NYSE:FL)

Landscape Capital Management L.L.C. grew its position in Foot Locker, Inc. (NYSE:FL) by 3.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 115,570 shares of the athletic footwear retailer’s stock after purchasing an additional 3,593 shares during the period. Landscape Capital Management L.L.C.’s holdings in Foot Locker were worth $2,986,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FL. Public Employees Retirement System of Ohio bought a new position in shares of Foot Locker in the first quarter valued at approximately $2,194,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Foot Locker in the first quarter valued at about $2,670,000. Renaissance Technologies LLC bought a new position in shares of Foot Locker during the 2nd quarter valued at approximately $1,024,000. Interval Partners LP purchased a new stake in shares of Foot Locker during the 1st quarter worth approximately $5,700,000. Finally, Versor Investments LP bought a new stake in shares of Foot Locker in the 3rd quarter worth approximately $793,000.

Wall Street Analysts Forecast Growth

FL has been the topic of several research reports. Telsey Advisory Group restated a “market perform” rating and issued a $27.00 target price on shares of Foot Locker in a research note on Wednesday, August 28th. Citigroup boosted their price objective on Foot Locker from $27.00 to $33.00 and gave the company a “neutral” rating in a research note on Tuesday, August 20th. Barclays upgraded shares of Foot Locker from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $27.00 to $34.00 in a research report on Thursday, August 29th. Evercore ISI boosted their price target on shares of Foot Locker from $34.00 to $38.00 and gave the company an “outperform” rating in a research report on Monday, August 26th. Finally, Gordon Haskett began coverage on shares of Foot Locker in a report on Monday, October 7th. They issued an “accumulate” rating and a $27.00 price objective for the company. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $26.53.

Foot Locker Stock Down 1.2 %

Foot Locker stock opened at $22.45 on Thursday. The business has a 50-day simple moving average of $24.68 and a 200 day simple moving average of $25.77. Foot Locker, Inc. has a 52 week low of $20.47 and a 52 week 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 announced its earnings results on Wednesday, August 28th. The athletic footwear retailer reported ($0.05) earnings per share for the quarter, beating 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 business had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.88 billion. As a group, sell-side analysts predict that Foot Locker, Inc. will post 1.5 EPS for the current fiscal year.

Insider Transactions at Foot Locker

In other news, major shareholder Vesa Equity Investment S.A R.L sold 539,180 shares of the company’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $33.22, for a total value of $17,911,559.60. Following the completion of the transaction, the insider now directly owns 10,393,592 shares in the company, valued at approximately $345,275,126.24. This represents a 4.93 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.20% of the stock is currently owned by 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.