Chartwell Investment Partners LLC Has $870,000 Stock Position in Foot Locker, Inc. (NYSE:FL)

Chartwell Investment Partners LLC lifted its stake in shares of Foot Locker, Inc. (NYSE:FL) by 2.4% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 33,685 shares of the athletic footwear retailer’s stock after purchasing an additional 782 shares during the quarter. Chartwell Investment Partners LLC’s holdings in Foot Locker were worth $870,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of FL. Mirae Asset Global Investments Co. Ltd. raised its position in shares of 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 during the last quarter. Texas Permanent School Fund Corp boosted its position in shares of Foot Locker by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 71,696 shares of the athletic footwear retailer’s stock valued at $2,043,000 after buying an additional 931 shares during the last quarter. Sei Investments Co. boosted its position in shares of Foot Locker by 1.6% during the first quarter. Sei Investments Co. now owns 120,699 shares of the athletic footwear retailer’s stock valued at $3,441,000 after buying an additional 1,851 shares during the last quarter. Russell Investments Group Ltd. boosted its position in shares of Foot Locker by 221.4% during the first quarter. Russell Investments Group Ltd. now owns 177,868 shares of the athletic footwear retailer’s stock valued at $5,069,000 after buying an additional 122,522 shares during the last quarter. Finally, ProShare Advisors LLC boosted its position in Foot Locker by 7.4% in the first quarter. ProShare Advisors LLC now owns 16,556 shares of the athletic footwear retailer’s stock worth $472,000 after purchasing an additional 1,141 shares during the last quarter.

Foot Locker Stock Performance

Shares of FL opened at $25.03 on Wednesday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.66 and a quick ratio of 0.49. Foot Locker, Inc. has a one year low of $19.84 and a one year high of $35.60. The firm has a market capitalization of $2.37 billion, a P/E ratio of -6.47, a PEG ratio of 0.61 and a beta of 1.44. The business has a fifty day moving average of $25.02 and a 200 day moving average of $25.71.

Foot Locker (NYSE:FL) last issued its quarterly earnings data 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. Foot Locker had a positive return on equity of 2.73% and a negative net margin of 4.48%. The company had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.88 billion. As a group, sell-side analysts anticipate that Foot Locker, Inc. will post 1.49 EPS for the current year.

Insider Activity

In related news, major shareholder Vesa Equity Investment S.A R.L sold 246,886 shares of the business’s stock in a transaction dated 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 sale, the insider now directly owns 11,146,292 shares in the company, valued at approximately $367,047,395.56. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold 787,566 shares of company stock worth $26,090,866 over the last ninety days. Corporate insiders own 1.20% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Telsey Advisory Group reissued a “market perform” rating and issued a $27.00 price objective on shares of Foot Locker in a research report on Wednesday, August 28th. Morgan Stanley cut Foot Locker from an “equal weight” rating to an “underweight” rating and cut their price objective for the stock from $24.00 to $18.00 in a report on Thursday, July 18th. Citigroup increased their target price on Foot Locker from $27.00 to $33.00 and gave the company a “neutral” rating in a report on Tuesday, August 20th. StockNews.com cut Foot Locker from a “hold” rating to a “sell” rating in a report on Friday, September 20th. Finally, Evercore ISI increased their target price on Foot Locker from $34.00 to $38.00 and gave the company an “outperform” rating in a report on Monday, August 26th. Four analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Foot Locker presently has a consensus rating of “Hold” and a consensus target price of $26.53.

About Foot Locker

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.