Healthcare of Ontario Pension Plan Trust Fund Invests $2.67 Million in Foot Locker, Inc. (NYSE:FL)

Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Foot Locker, Inc. (NYSE:FL) during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor bought 93,700 shares of the athletic footwear retailer’s stock, valued at approximately $2,670,000. Healthcare of Ontario Pension Plan Trust Fund owned 0.10% of Foot Locker as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Quadrant Capital Group LLC increased its stake in shares of Foot Locker by 3,004.4% during the fourth quarter. Quadrant Capital Group LLC now owns 1,397 shares of the athletic footwear retailer’s stock worth $44,000 after buying an additional 1,352 shares during the period. CWM LLC increased its position in shares of Foot Locker by 26.7% in the 4th quarter. CWM LLC now owns 1,836 shares of the athletic footwear retailer’s stock valued at $57,000 after purchasing an additional 387 shares during the last quarter. Covestor Ltd increased its position in shares of Foot Locker by 43,900.0% in the 1st quarter. Covestor Ltd now owns 2,200 shares of the athletic footwear retailer’s stock valued at $63,000 after purchasing an additional 2,195 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in shares of Foot Locker in the 4th quarter valued at $100,000. Finally, Sunbelt Securities Inc. purchased a new stake in shares of Foot Locker during the 1st quarter worth $100,000.

Wall Street Analysts Forecast Growth

Several research firms recently commented on FL. Morgan Stanley lowered Foot Locker from an “equal weight” rating to an “underweight” rating and dropped their target price for the company from $24.00 to $18.00 in a report on Thursday, July 18th. Barclays upped their price target on Foot Locker from $22.00 to $27.00 and gave the company an “equal weight” rating in a report on Friday, May 31st. Wedbush reiterated a “neutral” rating and issued a $25.00 price target on shares of Foot Locker in a research note on Wednesday, June 12th. StockNews.com downgraded shares of Foot Locker from a “hold” rating to a “sell” rating in a research report on Wednesday, June 19th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and issued a $26.00 target price on shares of Foot Locker in a research report on Thursday, May 30th. Five equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Foot Locker presently has an average rating of “Hold” and a consensus target price of $24.44.

Foot Locker Trading Up 1.8 %

Shares of FL stock opened at $26.03 on Friday. The company has a current ratio of 1.68, a quick ratio of 0.50 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $2.47 billion, a P/E ratio of -6.87, a price-to-earnings-growth ratio of 0.62 and a beta of 1.46. The business’s 50 day moving average is $24.71 and its two-hundred day moving average is $25.94. Foot Locker, Inc. has a twelve month low of $14.84 and a twelve month high of $35.60.

Foot Locker (NYSE:FL) last issued its earnings results on Thursday, May 30th. The athletic footwear retailer reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.10. The business had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.88 billion. Foot Locker had a negative net margin of 4.41% and a positive return on equity of 2.91%. The business’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.70 earnings per share. Equities analysts forecast that Foot Locker, Inc. will post 1.52 EPS for the current year.

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.