Semanteon Capital Management LP Invests $488,000 in Foot Locker, Inc. (NYSE:FL)

Semanteon Capital Management LP bought a new position in Foot Locker, Inc. (NYSE:FL) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 18,902 shares of the athletic footwear retailer’s stock, valued at approximately $488,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Quarry LP bought a new position in Foot Locker in the 2nd quarter worth approximately $31,000. Fifth Third Bancorp raised its position in Foot Locker by 116.0% in 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 last quarter. Northwestern Mutual Wealth Management Co. raised its position 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 worth $40,000 after purchasing an additional 985 shares during the last quarter. Headlands Technologies LLC bought a new position in Foot Locker in the 2nd quarter worth approximately $43,000. Finally, nVerses Capital LLC bought a new position in Foot Locker in the 3rd quarter worth approximately $47,000.

Analyst Upgrades and Downgrades

FL has been the subject of several research analyst reports. StockNews.com cut shares of Foot Locker from a “hold” rating to a “sell” rating in a research report on Friday, September 20th. Robert W. Baird dropped their price objective on shares of Foot Locker from $35.00 to $27.00 and set a “neutral” rating for the company in a research report on Wednesday, September 25th. Morgan Stanley cut shares of Foot Locker from an “equal weight” rating to an “underweight” rating and dropped their price objective for the stock from $24.00 to $18.00 in a research report on Thursday, July 18th. Barclays raised Foot Locker from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $27.00 to $34.00 in a research note on Thursday, August 29th. Finally, Gordon Haskett assumed coverage on Foot Locker in a research note on Monday, October 7th. They issued an “accumulate” rating and a $27.00 price target on the stock. Four 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 company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $26.53.

Foot Locker Price Performance

FL stock opened at $23.81 on Tuesday. The stock has a 50-day moving average price of $26.67 and a two-hundred day moving average price of $25.54. The stock has a market cap of $2.26 billion, a PE ratio of -6.15, a price-to-earnings-growth ratio of 0.59 and a beta of 1.43. The company has a current ratio of 1.66, a quick ratio of 0.49 and a debt-to-equity ratio of 0.15. Foot Locker, Inc. has a 1 year low of $19.44 and a 1 year high of $35.60.

Foot Locker (NYSE:FL) last released its earnings results on Wednesday, August 28th. The athletic footwear retailer reported ($0.05) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.03. The firm had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.88 billion. Foot Locker had a positive return on equity of 2.73% and a negative net margin of 4.48%. Equities analysts forecast that Foot Locker, Inc. will post 1.49 EPS for the current fiscal year.

Insiders Place Their Bets

In other Foot Locker news, major shareholder Vesa Equity Investment S.A R.L sold 539,180 shares of the stock in a transaction dated Monday, August 26th. The stock was 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. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last 90 days, insiders sold 787,566 shares of company stock worth $26,090,866. Corporate insiders own 1.20% of the company’s stock.

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.