Duality Advisers LP bought a new position in shares of Foot Locker, Inc. (NYSE:FL) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 111,581 shares of the athletic footwear retailer’s stock, valued at approximately $3,254,000. Duality Advisers LP owned 0.11% of Foot Locker at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Alliancebernstein L.P. raised its stake in Foot Locker by 50.5% in the 1st quarter. Alliancebernstein L.P. now owns 2,766,738 shares of the athletic footwear retailer’s stock valued at $61,007,000 after acquiring an additional 927,890 shares during the period. APG Asset Management N.V. raised its position in shares of Foot Locker by 20.6% in the first quarter. APG Asset Management N.V. now owns 1,884,800 shares of the athletic footwear retailer’s stock valued at $101,722,000 after purchasing an additional 322,000 shares during the period. Norges Bank acquired a new stake in shares of Foot Locker during the 4th quarter worth about $51,440,000. Geode Capital Management LLC boosted its holdings in shares of Foot Locker by 2.7% during the 1st quarter. Geode Capital Management LLC now owns 1,300,443 shares of the athletic footwear retailer’s stock worth $28,673,000 after buying an additional 34,338 shares during the period. Finally, Wellington Management Group LLP grew its stake in Foot Locker by 26.5% in the 1st quarter. Wellington Management Group LLP now owns 1,090,587 shares of the athletic footwear retailer’s stock valued at $24,048,000 after buying an additional 228,692 shares during the last quarter. Institutional investors own 87.75% of the company’s stock.

A number of equities research analysts have recently issued reports on FL shares. Cfra cut Foot Locker from a “hold” rating to a “sell” rating and reduced their price objective for the stock from $36.00 to $20.00 in a report on Friday, May 22nd. Raymond James decreased their price objective on Foot Locker from $50.00 to $30.00 and set an “outperform” rating on the stock in a report on Friday, May 8th. Wedbush reissued a “buy” rating and set a $34.00 target price on shares of Foot Locker in a report on Friday, July 17th. Zacks Investment Research lowered shares of Foot Locker from a “hold” rating to a “sell” rating and set a $35.00 price target on the stock. in a research report on Friday, June 5th. Finally, Barclays cut their price objective on shares of Foot Locker from $43.00 to $24.00 and set an “equal weight” rating for the company in a report on Tuesday, May 5th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and nine have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $33.60.

Shares of FL stock opened at $29.39 on Friday. The company has a quick ratio of 0.78, a current ratio of 1.67 and a debt-to-equity ratio of 1.17. The firm has a market capitalization of $3.19 billion, a P/E ratio of 11.13, a P/E/G ratio of 4.19 and a beta of 1.37. Foot Locker, Inc. has a twelve month low of $17.46 and a twelve month high of $47.86. The stock’s fifty day simple moving average is $28.98 and its 200 day simple moving average is $29.72.

Foot Locker (NYSE:FL) last released its quarterly earnings results on Friday, May 22nd. The athletic footwear retailer reported ($0.67) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.17) by ($0.50). Foot Locker had a return on equity of 12.13% and a net margin of 3.21%. The firm had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter last year, the firm posted $1.53 earnings per share. The business’s revenue for the quarter was down 43.4% on a year-over-year basis. As a group, equities research analysts expect that Foot Locker, Inc. will post 0.71 EPS for the current fiscal year.

About Foot Locker

Foot Locker, Inc, through its subsidiaries, operates as an athletic shoes and apparel retailer. The company operates in two segments, Athletic Stores and Direct-to-Customers. The Athletic Stores segment retails athletic footwear, apparel, accessories, and equipment under various formats, including Foot Locker, Kids Foot Locker, Lady Foot Locker, Champs Sports, Footaction, Runners Point, Sidestep, and SIX:02.

Featured Article: What is a blue-chip stock?

Want to see what other hedge funds are holding FL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Foot Locker, Inc. (NYSE:FL).

Institutional Ownership by Quarter for Foot Locker (NYSE:FL)

Receive News & Ratings for Foot Locker Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Foot Locker and related companies with MarketBeat.com's FREE daily email newsletter.