Foot Locker, Inc. (NYSE:FL) Shares Bought by Empowered Funds LLC

Empowered Funds LLC raised its holdings in shares of Foot Locker, Inc. (NYSE:FL - Free Report) by 8.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 416,498 shares of the athletic footwear retailer's stock after buying an additional 30,977 shares during the period. Empowered Funds LLC owned about 0.44% of Foot Locker worth $9,063,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of FL. Northwestern Mutual Wealth Management Co. grew 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 valued at $40,000 after acquiring an additional 985 shares during the last quarter. nVerses Capital LLC bought a new position in shares of Foot Locker in the third quarter worth about $47,000. R Squared Ltd purchased a new position in Foot Locker in the 4th quarter worth about $50,000. Wilmington Savings Fund Society FSB bought a new stake in Foot Locker during the 3rd quarter valued at about $58,000. Finally, Blue Trust Inc. boosted its position in Foot Locker by 537.0% in the 3rd quarter. Blue Trust Inc. now owns 2,981 shares of the athletic footwear retailer's stock valued at $74,000 after buying an additional 2,513 shares during the period.

Foot Locker Stock Up 3.0 %

FL stock traded up $0.57 on Thursday, hitting $19.83. 2,191,433 shares of the company's stock were exchanged, compared to its average volume of 2,848,511. The firm has a 50 day moving average price of $20.90 and a two-hundred day moving average price of $24.45. Foot Locker, Inc. has a 12-month low of $18.04 and a 12-month high of $35.60. The stock has a market cap of $1.88 billion, a P/E ratio of -4.40, a price-to-earnings-growth ratio of 0.53 and a beta of 1.48. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.45 and a current ratio of 1.67.

Foot Locker (NYSE:FL - Get Free Report) last posted its quarterly earnings data on Wednesday, December 4th. The athletic footwear retailer reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.07). Foot Locker had a negative net margin of 5.24% and a positive return on equity of 2.91%. The company had revenue of $1.96 billion for the quarter, compared to analyst estimates of $2.01 billion. During the same quarter last year, the company earned $0.30 EPS. The business's revenue was down 1.4% compared to the same quarter last year. As a group, equities research analysts expect that Foot Locker, Inc. will post 1.23 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently commented on FL. Barclays reduced their target price on shares of Foot Locker from $34.00 to $29.00 and set an "overweight" rating on the stock in a research report on Friday, December 6th. UBS Group reduced their price objective on Foot Locker from $26.00 to $22.00 and set a "neutral" rating on the stock in a report on Thursday, December 5th. Guggenheim lowered their target price on Foot Locker from $34.00 to $28.00 and set a "buy" rating for the company in a report on Thursday, December 5th. Needham & Company LLC cut their price target on Foot Locker from $25.00 to $24.00 and set a "buy" rating on the stock in a research note on Friday, January 24th. Finally, Morgan Stanley lowered their price objective on shares of Foot Locker from $17.00 to $16.00 and set an "underweight" rating for the company in a research note on Friday, December 6th. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $24.94.

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.