Ensign Peak Advisors Inc Boosts Stake in Foot Locker, Inc. (NYSE:FL)

Ensign Peak Advisors Inc increased its position in Foot Locker, Inc. (NYSE:FL) by 14.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,916 shares of the athletic footwear retailer’s stock after buying an additional 4,300 shares during the period. Ensign Peak Advisors Inc’s holdings in Foot Locker were worth $870,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Susquehanna Fundamental Investments LLC bought a new stake in shares of Foot Locker in the 1st quarter valued at approximately $3,488,000. Public Employees Retirement System of Ohio bought a new stake in shares of Foot Locker in the 1st quarter valued at approximately $2,194,000. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Foot Locker in the 1st quarter valued at approximately $2,670,000. Verition Fund Management LLC lifted its stake in shares of Foot Locker by 106.0% in the 4th quarter. Verition Fund Management LLC now owns 300,696 shares of the athletic footwear retailer’s stock valued at $9,367,000 after purchasing an additional 154,708 shares during the last quarter. Finally, Interval Partners LP bought a new stake in shares of Foot Locker in the 1st quarter valued at approximately $5,700,000.

Foot Locker Trading Up 0.3 %

FL opened at $26.41 on Friday. The stock’s fifty day moving average is $28.69 and its two-hundred day moving average is $25.65. The company has a market capitalization of $2.50 billion, a P/E ratio of -6.97, a PEG ratio of 0.67 and a beta of 1.44. Foot Locker, Inc. has a 52 week low of $16.73 and a 52 week high of $35.60. The company has a quick ratio of 0.49, a current ratio of 1.66 and a debt-to-equity ratio of 0.15.

Foot Locker (NYSE:FL) last announced its quarterly earnings results on Wednesday, August 28th. The athletic footwear retailer reported ($0.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.03. Foot Locker had a positive return on equity of 2.73% and a negative net margin of 4.48%. The business had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.88 billion. Analysts forecast that Foot Locker, Inc. will post 1.51 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Robert W. Baird lowered their price objective on Foot Locker from $35.00 to $27.00 and set a “neutral” rating for the company in a research note on Wednesday. Morgan Stanley lowered Foot Locker from an “equal weight” rating to an “underweight” rating and decreased their price target for the stock from $24.00 to $18.00 in a research note on Thursday, July 18th. Wedbush reissued a “neutral” rating and set a $25.00 price target on shares of Foot Locker in a research note on Wednesday, June 12th. Citigroup raised their price target on Foot Locker from $27.00 to $33.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 20th. Finally, Barclays raised Foot Locker from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $27.00 to $34.00 in a research note on Thursday, August 29th. Five research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $25.87.

Insider Activity

In other news, major shareholder Vesa Equity Investment S.A R.L sold 1,500 shares of Foot Locker stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $32.90, for a total value of $49,350.00. Following the transaction, the insider now directly owns 11,402,353 shares in the company, valued at approximately $375,137,413.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In the last three months, insiders have sold 787,566 shares of company stock worth $26,090,866. 1.20% of the stock is currently owned by company 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.