Invesco Ltd. Boosts Stake in Foot Locker, Inc. (NYSE:FL)

Invesco Ltd. lifted its position in Foot Locker, Inc. (NYSE:FL - Free Report) by 27.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 818,965 shares of the athletic footwear retailer's stock after purchasing an additional 174,174 shares during the quarter. Invesco Ltd. owned about 0.86% of Foot Locker worth $17,821,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in FL. Allspring Global Investments Holdings LLC grew its stake in Foot Locker by 88.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 5,323,597 shares of the athletic footwear retailer's stock worth $115,365,000 after buying an additional 2,500,396 shares in the last quarter. Segall Bryant & Hamill LLC purchased a new position in Foot Locker in the fourth quarter worth $18,640,000. Bank of New York Mellon Corp increased its stake in Foot Locker by 30.4% in the fourth quarter. Bank of New York Mellon Corp now owns 1,429,870 shares of the athletic footwear retailer's stock valued at $31,114,000 after acquiring an additional 333,247 shares during the last quarter. Sei Investments Co. raised its position in Foot Locker by 140.8% during the fourth quarter. Sei Investments Co. now owns 412,988 shares of the athletic footwear retailer's stock valued at $8,987,000 after purchasing an additional 241,504 shares in the last quarter. Finally, Peregrine Capital Management LLC bought a new stake in Foot Locker during the fourth quarter worth about $5,123,000.

Foot Locker Trading Down 2.7 %

NYSE FL traded down $0.32 on Friday, hitting $11.68. The company's stock had a trading volume of 553,763 shares, compared to its average volume of 3,450,435. The firm has a market cap of $1.11 billion, a P/E ratio of -2.59, a PEG ratio of 0.53 and a beta of 1.41. Foot Locker, Inc. has a 52-week low of $11.00 and a 52-week high of $33.94. The company's 50-day simple moving average is $15.02 and its 200 day simple moving average is $19.74. 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 (NYSE:FL - Get Free Report) last announced its quarterly earnings results on Wednesday, March 5th. The athletic footwear retailer reported $0.86 EPS for the quarter, topping analysts' consensus estimates of $0.73 by $0.13. The company had revenue of $2.25 billion during the quarter, compared to analyst estimates of $2.32 billion. Foot Locker had a positive return on equity of 2.91% and a negative net margin of 5.24%. The firm's revenue was down 5.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.38 earnings per share. Research analysts predict that Foot Locker, Inc. will post 1.23 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. JPMorgan Chase & Co. reduced their price objective on Foot Locker from $19.00 to $16.00 and set an "underweight" rating on the stock in a research report on Monday, April 14th. Evercore ISI decreased their price target on shares of Foot Locker from $22.00 to $15.00 and set an "outperform" rating on the stock in a research note on Friday, April 11th. UBS Group cut their price objective on shares of Foot Locker from $22.00 to $21.00 and set a "neutral" rating for the company in a research note on Thursday, March 6th. StockNews.com cut shares of Foot Locker from a "hold" rating to a "sell" rating in a research report on Friday, April 11th. Finally, Jefferies Financial Group cut their price target on shares of Foot Locker from $22.00 to $19.00 and set a "hold" rating for the company in a research report on Wednesday, March 5th. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $21.38.

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.