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

Empowered Funds LLC grew its stake in Foot Locker, Inc. (NYSE:FL) by 5.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 385,521 shares of the athletic footwear retailer’s stock after purchasing an additional 19,612 shares during the quarter. Empowered Funds LLC’s holdings in Foot Locker were worth $9,962,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of FL. Quarry LP bought a new position in Foot Locker during the second quarter worth $31,000. Fifth Third Bancorp boosted its holdings in shares of Foot Locker by 116.0% in the 2nd quarter. Fifth Third Bancorp now owns 1,365 shares of the athletic footwear retailer’s stock valued at $34,000 after buying an additional 733 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in shares of 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 buying an additional 985 shares during the last quarter. Headlands Technologies LLC acquired a new stake in Foot Locker during the second quarter worth about $43,000. Finally, nVerses Capital LLC bought a new position in Foot Locker in the third quarter worth about $47,000.

Foot Locker Price Performance

Shares of NYSE FL opened at $23.61 on Friday. Foot Locker, Inc. has a 12 month low of $20.47 and a 12 month high of $35.60. The business’s 50 day moving average is $24.82 and its two-hundred day moving average is $25.71. The company has a quick ratio of 0.49, a current ratio of 1.66 and a debt-to-equity ratio of 0.15.

Foot Locker (NYSE:FL) last announced its earnings results on Wednesday, August 28th. The athletic footwear retailer reported ($0.05) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.03. Foot Locker had a negative net margin of 4.48% and a positive return on equity of 2.73%. The business had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.88 billion. On average, analysts predict that Foot Locker, Inc. will post 1.5 earnings per share for the current year.

Insider Buying and Selling

In other Foot Locker news, major shareholder Vesa Equity Investment S.A R.L sold 539,180 shares of the business’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $33.22, for a total value of $17,911,559.60. Following the sale, the insider now owns 10,393,592 shares of the company’s stock, valued at $345,275,126.24. The trade was a 4.93 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders have sold a total of 787,566 shares of company stock valued at $26,090,866 over the last three months. 1.20% of the stock is owned by corporate insiders.

Analyst Ratings Changes

FL has been the topic of a number of recent research reports. Citigroup raised their target price on Foot Locker from $27.00 to $33.00 and gave the company a “neutral” rating in a research note on Tuesday, August 20th. Evercore ISI boosted their target price on shares of Foot Locker from $34.00 to $38.00 and gave the company an “outperform” rating in a research note on Monday, August 26th. Robert W. Baird decreased their target price on shares of Foot Locker from $35.00 to $27.00 and set a “neutral” rating for the company in a research report on Wednesday, September 25th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $27.00 price target on shares of Foot Locker in a report on Wednesday, August 28th. Finally, StockNews.com lowered Foot Locker from a “hold” rating to a “sell” rating in a report on Friday, September 20th. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $26.53.

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.