Empowered Funds LLC Purchases 30,977 Shares of Foot Locker, Inc. (NYSE:FL)

Empowered Funds LLC lifted its holdings in Foot Locker, Inc. (NYSE:FL) by 8.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 416,498 shares of the athletic footwear retailer’s stock after acquiring an additional 30,977 shares during the quarter. Empowered Funds LLC owned approximately 0.44% of Foot Locker worth $9,063,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Stifel Financial Corp increased its holdings in shares of Foot Locker by 43.3% in the third quarter. Stifel Financial Corp now owns 897,904 shares of the athletic footwear retailer’s stock valued at $23,202,000 after purchasing an additional 271,297 shares in the last quarter. Point72 Asset Management L.P. boosted its position in Foot Locker by 37.0% in the 3rd quarter. Point72 Asset Management L.P. now owns 549,997 shares of the athletic footwear retailer’s stock valued at $14,212,000 after buying an additional 148,523 shares during the last quarter. Jennison Associates LLC boosted its position in Foot Locker by 25.7% in the 4th quarter. Jennison Associates LLC now owns 640,351 shares of the athletic footwear retailer’s stock valued at $13,934,000 after buying an additional 130,927 shares during the last quarter. KBC Group NV increased its stake in shares of Foot Locker by 5,148.1% in the 4th quarter. KBC Group NV now owns 121,493 shares of the athletic footwear retailer’s stock valued at $2,644,000 after buying an additional 119,178 shares during the period. Finally, Jacobs Levy Equity Management Inc. raised its position in shares of Foot Locker by 10.3% during the third quarter. Jacobs Levy Equity Management Inc. now owns 1,135,474 shares of the athletic footwear retailer’s stock worth $29,341,000 after acquiring an additional 106,402 shares during the last quarter.

Analyst Ratings Changes

Several research firms recently issued reports on FL. Piper Sandler decreased their price target on Foot Locker from $30.00 to $28.00 and set a “neutral” rating on the stock in a report on Monday, December 2nd. 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 note on Friday, December 6th. Guggenheim dropped their price target on shares of Foot Locker from $34.00 to $28.00 and set a “buy” rating for the company in a research note on Thursday, December 5th. JPMorgan Chase & Co. reduced their price objective on shares of Foot Locker from $23.00 to $20.00 and set an “underweight” rating on the stock in a research note on Friday, January 24th. Finally, UBS Group dropped their target price on shares of Foot Locker from $26.00 to $22.00 and set a “neutral” rating for the company in a research report on Thursday, December 5th. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $24.94.

Foot Locker Trading Down 4.6 %

NYSE FL opened at $18.09 on Monday. Foot Locker, Inc. has a one year low of $18.04 and a one year high of $35.60. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.67 and a quick ratio of 0.45. The firm has a market cap of $1.72 billion, a P/E ratio of -4.01, a P/E/G ratio of 0.53 and a beta of 1.48. The stock’s 50-day moving average is $21.20 and its 200-day moving average is $24.62.

Foot Locker (NYSE:FL) last posted its earnings results on Wednesday, December 4th. The athletic footwear retailer reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.07). The business had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $2.01 billion. Foot Locker had a positive return on equity of 2.91% and a negative net margin of 5.24%. Foot Locker’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.30 earnings per share. Sell-side analysts anticipate that Foot Locker, Inc. will post 1.23 earnings per share for the current fiscal year.

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.