American Century Companies Inc. Raises Stake in Foot Locker, Inc. (NYSE:FL)

American Century Companies Inc. increased its stake in Foot Locker, Inc. (NYSE:FL) by 5.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,659,206 shares of the athletic footwear retailer’s stock after buying an additional 81,814 shares during the period. American Century Companies Inc. owned 1.75% of Foot Locker worth $36,104,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FL. Natixis Advisors LLC raised its position in Foot Locker by 8.9% during the 3rd quarter. Natixis Advisors LLC now owns 12,867 shares of the athletic footwear retailer’s stock valued at $332,000 after purchasing an additional 1,054 shares in the last quarter. Intech Investment Management LLC purchased a new position in shares of Foot Locker during the third quarter valued at $829,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Foot Locker by 3.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,113,583 shares of the athletic footwear retailer’s stock valued at $28,775,000 after acquiring an additional 38,318 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in Foot Locker in the third quarter worth about $282,000. Finally, Edgestream Partners L.P. grew its holdings in Foot Locker by 477.2% during the 3rd quarter. Edgestream Partners L.P. now owns 117,602 shares of the athletic footwear retailer’s stock worth $3,039,000 after acquiring an additional 97,226 shares in the last quarter.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. The Goldman Sachs Group lowered their price target on shares of Foot Locker from $25.00 to $22.00 and set a “sell” rating for the company in a research report on Thursday, December 5th. Robert W. Baird reduced their price objective on shares of Foot Locker from $24.00 to $20.00 and set a “neutral” rating for the company in a research note on Thursday, March 6th. Morgan Stanley dropped their target price on Foot Locker from $17.00 to $16.00 and set an “underweight” rating on the stock in a research report on Friday, December 6th. Barclays set a $24.00 price target on Foot Locker in a research report on Wednesday, March 5th. Finally, Jefferies Financial Group decreased their price objective on Foot Locker from $22.00 to $19.00 and set a “hold” rating for the company in a research note on Wednesday, March 5th. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Foot Locker presently has an average rating of “Hold” and a consensus target price of $22.81.

Foot Locker Stock Performance

Shares of FL stock opened at $14.52 on Friday. The business has a fifty day moving average of $18.15 and a 200 day moving average of $21.69. Foot Locker, Inc. has a 1 year low of $14.34 and a 1 year high of $33.94. 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 capitalization of $1.38 billion, a price-to-earnings ratio of -3.22, a price-to-earnings-growth ratio of 0.53 and a beta of 1.55.

Foot Locker (NYSE:FL) last announced its quarterly earnings data on Wednesday, March 5th. The athletic footwear retailer reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.13. The firm had revenue of $2.25 billion during the quarter, compared to analysts’ expectations of $2.32 billion. Foot Locker had a positive return on equity of 2.91% and a negative net margin of 5.24%. The company’s revenue for the quarter was down 5.7% compared to the same quarter last year. During the same period last year, the business posted $0.38 earnings per share. As a group, research analysts expect that Foot Locker, Inc. will post 1.23 earnings per share for the current 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.