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

Empowered Funds LLC increased its stake in shares of Foot Locker, Inc. (NYSE:FL) by 5.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 385,521 shares of the athletic footwear retailer’s stock after purchasing an additional 19,612 shares during the period. Empowered Funds LLC owned 0.41% of Foot Locker worth $9,962,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Quarry LP purchased a new position in Foot Locker in the 2nd quarter valued at about $31,000. Fifth Third Bancorp boosted its position in Foot Locker by 116.0% during the second quarter. Fifth Third Bancorp now owns 1,365 shares of the athletic footwear retailer’s stock worth $34,000 after acquiring an additional 733 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake 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 worth $40,000 after acquiring an additional 985 shares during the period. Headlands Technologies LLC purchased a new stake in Foot Locker in the 2nd quarter worth approximately $43,000. Finally, nVerses Capital LLC acquired a new position in Foot Locker in the 3rd quarter valued at $47,000.

Insider Activity

In related news, major shareholder Vesa Equity Investment S.A R.L sold 1,500 shares of the stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $32.90, for a total value of $49,350.00. Following the completion of the transaction, the insider now owns 11,402,353 shares of the company’s stock, valued at approximately $375,137,413.70. This represents a 0.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Over the last three months, insiders sold 787,566 shares of company stock worth $26,090,866. 1.20% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

FL has been the subject of a number of recent analyst reports. Barclays raised Foot Locker from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $27.00 to $34.00 in a research report on Thursday, August 29th. StockNews.com cut Foot Locker from a “hold” rating to a “sell” rating in a report on Friday, September 20th. Robert W. Baird dropped their price objective on shares of Foot Locker from $35.00 to $27.00 and set a “neutral” rating for the company in a research note on Wednesday, September 25th. Gordon Haskett started coverage on shares of Foot Locker in a report on Monday, October 7th. They set an “accumulate” rating and a $27.00 price objective on the stock. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and set a $27.00 price target on shares of Foot Locker in a research report on Wednesday, August 28th. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $26.53.

Foot Locker Trading Down 0.6 %

Shares of 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 stock’s 50-day moving average is $24.82 and its two-hundred day moving average is $25.71. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.49 and a current ratio of 1.66.

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

Foot Locker 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.