Foot Locker, Inc. $FL Shares Purchased by Invesco Ltd.

Key Points

• Invesco Ltd. increased its stake in Foot Locker, Inc. by 10.5%, owning 905,338 shares valued at approximately $12.77 million as of the latest SEC filing.
• Multiple hedge funds have adjusted their holdings in Foot Locker, with GAMMA Investing LLC growing its stake by 250.6% during the 1st quarter.
• Foot Locker's stock has experienced fluctuations, opening at $26.41, with a twelve-month low of $11.00 and a high of $33.94, while its last reported EPS matched analysts' expectations at ($0.07).

Invesco Ltd. raised its holdings in Foot Locker, Inc. (NYSE:FL - Free Report) by 10.5% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 905,338 shares of the athletic footwear retailer's stock after acquiring an additional 86,373 shares during the period. Invesco Ltd. owned 0.95% of Foot Locker worth $12,765,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in FL. GAMMA Investing LLC grew its position in shares of Foot Locker by 250.6% in the first quarter. GAMMA Investing LLC now owns 2,468 shares of the athletic footwear retailer's stock valued at $35,000 after purchasing an additional 1,764 shares during the period. Signaturefd LLC boosted its stake in Foot Locker by 27.2% in the 1st quarter. Signaturefd LLC now owns 4,579 shares of the athletic footwear retailer's stock worth $65,000 after buying an additional 980 shares during the last quarter. One68 Global Capital LLC purchased a new stake in Foot Locker in the 4th quarter valued at about $239,000. Investors Research Corp increased its stake in shares of Foot Locker by 19.7% during the 1st quarter. Investors Research Corp now owns 11,529 shares of the athletic footwear retailer's stock valued at $163,000 after acquiring an additional 1,900 shares during the last quarter. Finally, Teacher Retirement System of Texas acquired a new position in shares of Foot Locker during the 1st quarter valued at about $176,000.

Analyst Upgrades and Downgrades

FL has been the topic of several research analyst reports. Robert W. Baird raised their target price on shares of Foot Locker from $24.00 to $26.00 and gave the stock a "neutral" rating in a research report on Thursday. Barclays lowered shares of Foot Locker from an "overweight" rating to an "equal weight" rating in a report on Thursday, May 29th. Zacks Research upgraded Foot Locker from a "strong sell" rating to a "hold" rating in a report on Monday, August 18th. JPMorgan Chase & Co. raised Foot Locker from an "underweight" rating to a "neutral" rating and increased their target price for the stock from $16.00 to $24.00 in a research report on Thursday, May 15th. Finally, Telsey Advisory Group reiterated a "market perform" rating and issued a $24.00 target price on shares of Foot Locker in a report on Wednesday. Two investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, Foot Locker presently has a consensus rating of "Hold" and a consensus target price of $21.33.

Foot Locker Stock Down 1.4%

Shares of FL traded down $0.35 during mid-day trading on Friday, reaching $24.72. 9,427,716 shares of the stock traded hands, compared to its average volume of 5,146,818. The stock has a fifty day simple moving average of $25.18 and a 200 day simple moving average of $20.07. Foot Locker, Inc. has a 12-month low of $11.00 and a 12-month high of $31.43. The company has a quick ratio of 0.49, a current ratio of 1.59 and a debt-to-equity ratio of 0.17. The firm has a market cap of $2.36 billion, a price-to-earnings ratio of -6.13, a P/E/G ratio of 2.10 and a beta of 1.75.

Foot Locker (NYSE:FL - Get Free Report) last released its quarterly earnings results on Wednesday, August 27th. The athletic footwear retailer reported ($0.27) earnings per share for the quarter, missing analysts' consensus estimates of $0.05 by ($0.32). Foot Locker had a negative net margin of 4.90% and a positive return on equity of 2.92%. The firm had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same period in the previous year, the business posted ($0.05) earnings per share. Foot Locker's revenue for the quarter was down 2.3% on a year-over-year basis. Sell-side analysts expect that Foot Locker, Inc. will post 1.23 EPS for the current fiscal year.

Insider Buying and Selling at Foot Locker

In other news, CAO Giovanna Cipriano sold 22,383 shares of Foot Locker stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $24.90, for a total transaction of $557,336.70. Following the sale, the chief accounting officer directly owned 93,895 shares of the company's stock, valued at approximately $2,337,985.50. The trade was a 19.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.89% of the stock is owned by corporate insiders.

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.