American Century Companies Inc. Buys 81,814 Shares of Foot Locker, Inc. (NYSE:FL)

American Century Companies Inc. increased its stake in Foot Locker, Inc. (NYSE:FL - Free Report) by 5.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,659,206 shares of the athletic footwear retailer's stock after buying an additional 81,814 shares during the period. American Century Companies Inc. owned 1.75% of Foot Locker worth $36,104,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of FL. Quantbot Technologies LP bought a new position in shares of Foot Locker in the 4th quarter worth about $1,991,000. Blueshift Asset Management LLC bought a new stake in Foot Locker in the fourth quarter worth $381,000. Intech Investment Management LLC grew its stake in shares of Foot Locker by 150.7% in the fourth quarter. Intech Investment Management LLC now owns 80,411 shares of the athletic footwear retailer's stock worth $1,750,000 after acquiring an additional 48,337 shares during the last quarter. Harbour Investments Inc. increased its holdings in shares of Foot Locker by 81.6% during the fourth quarter. Harbour Investments Inc. now owns 1,442 shares of the athletic footwear retailer's stock valued at $31,000 after acquiring an additional 648 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its holdings in Foot Locker by 51.9% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 77,663 shares of the athletic footwear retailer's stock worth $1,690,000 after buying an additional 26,530 shares during the last quarter.

Foot Locker Stock Performance

NYSE FL traded up $0.13 on Tuesday, reaching $14.23. 1,355,601 shares of the stock were exchanged, compared to its average volume of 3,304,755. The company has a current ratio of 1.67, a quick ratio of 0.45 and a debt-to-equity ratio of 0.15. Foot Locker, Inc. has a one year low of $13.90 and a one year high of $33.94. The firm has a market capitalization of $1.35 billion, a PE ratio of -3.16, a PEG ratio of 0.53 and a beta of 1.55. The company's 50-day simple moving average is $18.03 and its two-hundred day simple moving average is $21.57.

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Foot Locker (NYSE:FL - Get Free Report) last released its earnings results on Wednesday, March 5th. The athletic footwear retailer reported $0.86 earnings per share for the quarter, beating analysts' consensus estimates of $0.73 by $0.13. Foot Locker had a negative net margin of 5.24% and a positive return on equity of 2.91%. The company had revenue of $2.25 billion for the quarter, compared to analysts' expectations of $2.32 billion. During the same quarter in the previous year, the company earned $0.38 EPS. Foot Locker's revenue for the quarter was down 5.7% on a year-over-year basis. Analysts expect that Foot Locker, Inc. will post 1.23 EPS for the current fiscal year.

Wall Street Analyst Weigh In

FL has been the topic of several analyst reports. Needham & Company LLC reaffirmed a "buy" rating and issued a $24.00 price objective on shares of Foot Locker in a research report on Wednesday, March 5th. The Goldman Sachs Group dropped their price objective on Foot Locker from $25.00 to $22.00 and set a "sell" rating on the stock in a research report on Thursday, December 5th. Evercore ISI lowered their target price on shares of Foot Locker from $30.00 to $22.00 and set an "outperform" rating on the stock in a research note on Monday, March 3rd. Robert W. Baird reduced their price target on shares of Foot Locker from $24.00 to $20.00 and set a "neutral" rating for the company in a research note on Thursday, March 6th. Finally, Guggenheim lowered their price objective on shares of Foot Locker from $34.00 to $28.00 and set a "buy" rating on the stock in a research report on Thursday, December 5th. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $22.81.

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.