Empowered Funds LLC Acquires 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 fourth quarter, HoldingsChannel.com reports. The firm owned 416,498 shares of the athletic footwear retailer’s stock after purchasing an additional 30,977 shares during the period. Empowered Funds LLC’s holdings in Foot Locker were worth $9,063,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Chartwell Investment Partners LLC raised its position in shares of Foot Locker by 2.4% in the third quarter. Chartwell Investment Partners LLC now owns 33,685 shares of the athletic footwear retailer’s stock valued at $870,000 after purchasing an additional 782 shares during the period. Point72 Asia Singapore Pte. Ltd. boosted its holdings in shares of Foot Locker by 32.5% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,267 shares of the athletic footwear retailer’s stock worth $84,000 after buying an additional 801 shares during the period. 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 valued at $40,000 after buying an additional 985 shares during the last quarter. Natixis Advisors LLC raised its holdings in Foot Locker by 8.9% in the 3rd quarter. Natixis Advisors LLC now owns 12,867 shares of the athletic footwear retailer’s stock valued at $332,000 after acquiring an additional 1,054 shares during the period. Finally, Vontobel Holding Ltd. lifted its position in Foot Locker by 12.2% during the third quarter. Vontobel Holding Ltd. now owns 11,144 shares of the athletic footwear retailer’s stock worth $288,000 after acquiring an additional 1,210 shares during the last quarter.

Analysts Set New Price Targets

FL has been the topic of several research reports. Robert W. Baird decreased their target price on Foot Locker from $27.00 to $24.00 and set a “neutral” rating on the stock in a research report on Thursday, December 5th. The Goldman Sachs Group decreased their price objective on Foot Locker from $25.00 to $22.00 and set a “sell” rating on the stock in a report on Thursday, December 5th. JPMorgan Chase & Co. reduced their target price on shares of Foot Locker from $23.00 to $20.00 and set an “underweight” rating for the company in a research report on Friday, January 24th. Piper Sandler lowered their price target on shares of Foot Locker from $30.00 to $28.00 and set a “neutral” rating on the stock in a research report on Monday, December 2nd. Finally, Morgan Stanley cut their price objective on shares of Foot Locker from $17.00 to $16.00 and set an “underweight” rating for the company in a report on Friday, December 6th. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $24.94.

Foot Locker Trading Down 4.6 %

NYSE FL opened at $18.09 on Monday. The company has a quick ratio of 0.45, a current ratio of 1.67 and a debt-to-equity ratio of 0.15. Foot Locker, Inc. has a 52 week low of $18.04 and a 52 week high of $35.60. The business has a 50 day moving average price of $21.20 and a 200-day moving average price of $24.62. The company has a market cap of $1.72 billion, a price-to-earnings ratio of -4.01, a P/E/G ratio of 0.53 and a beta of 1.48.

Foot Locker (NYSE:FL) last announced its quarterly earnings results on Wednesday, December 4th. The athletic footwear retailer reported $0.33 EPS for the quarter, missing analysts’ consensus estimates 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 business had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $2.01 billion. During the same quarter last year, the firm posted $0.30 EPS. The business’s revenue for the quarter was down 1.4% compared to the same quarter last year. As a group, equities analysts expect that Foot Locker, Inc. will post 1.23 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.