Public Sector Pension Investment Board Sells 6,100 Shares of Foot Locker, Inc. (NYSE:FL)

Public Sector Pension Investment Board trimmed its stake in shares of Foot Locker, Inc. (NYSE:FL) by 3.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 174,790 shares of the athletic footwear retailer’s stock after selling 6,100 shares during the quarter. Public Sector Pension Investment Board owned approximately 0.18% of Foot Locker worth $4,517,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Quarry LP bought a new position in shares of Foot Locker during the second quarter valued at about $31,000. Fifth Third Bancorp increased its holdings in Foot Locker by 116.0% during the 2nd quarter. Fifth Third Bancorp now owns 1,365 shares of the athletic footwear retailer’s stock valued at $34,000 after purchasing an additional 733 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in Foot Locker by 156.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,616 shares of the athletic footwear retailer’s stock valued at $40,000 after purchasing an additional 985 shares during the last quarter. Headlands Technologies LLC purchased a new stake in Foot Locker in the 2nd quarter worth approximately $43,000. Finally, nVerses Capital LLC purchased a new position in shares of Foot Locker during the third quarter valued at approximately $47,000.

Foot Locker Stock Performance

FL stock opened at $25.15 on Monday. The stock has a market capitalization of $2.39 billion, a PE ratio of -6.50, a price-to-earnings-growth ratio of 0.74 and a beta of 1.44. The stock’s 50 day simple moving average is $24.26 and its 200 day simple moving average is $25.80. Foot Locker, Inc. has a 12-month low of $20.47 and a 12-month high of $35.60. The company has a current ratio of 1.66, a quick ratio of 0.49 and a debt-to-equity ratio of 0.15.

Analyst Upgrades and Downgrades

FL has been the subject of a number of research analyst reports. Barclays raised Foot Locker from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $27.00 to $34.00 in a research note on Thursday, August 29th. Evercore ISI reduced their price target on shares of Foot Locker from $38.00 to $32.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 26th. Robert W. Baird lowered their price objective on shares of Foot Locker from $35.00 to $27.00 and set a “neutral” rating for the company in a report on Wednesday, September 25th. Gordon Haskett assumed coverage on Foot Locker in a research report on Monday, October 7th. They set an “accumulate” rating and a $27.00 price objective on the stock. Finally, StockNews.com lowered Foot Locker from a “hold” rating to a “sell” rating in a research report on Friday, September 20th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $27.00.

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.