American Century Companies Inc. Sells 186,924 Shares of Foot Locker, Inc. (NYSE:FL)

American Century Companies Inc. lessened its position in shares of Foot Locker, Inc. (NYSE:FL) by 24.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 582,824 shares of the athletic footwear retailer’s stock after selling 186,924 shares during the period. American Century Companies Inc. owned approximately 0.62% of Foot Locker worth $14,524,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Jacobs Levy Equity Management Inc. grew its position in Foot Locker by 326.4% in the first quarter. Jacobs Levy Equity Management Inc. now owns 921,273 shares of the athletic footwear retailer’s stock worth $26,256,000 after acquiring an additional 705,237 shares in the last quarter. Norges Bank purchased a new position in shares of Foot Locker during the 4th quarter valued at about $21,238,000. Allspring Global Investments Holdings LLC lifted its position in Foot Locker by 23.8% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,900,439 shares of the athletic footwear retailer’s stock worth $72,279,000 after buying an additional 557,489 shares during the last quarter. Invenomic Capital Management LP boosted its stake in Foot Locker by 54.3% in the first quarter. Invenomic Capital Management LP now owns 752,320 shares of the athletic footwear retailer’s stock worth $21,441,000 after buying an additional 264,598 shares in the last quarter. Finally, Seven Eight Capital LP bought a new position in Foot Locker during the first quarter valued at approximately $6,073,000.

Insiders Place Their Bets

In other news, major shareholder Vesa Equity Investment S.A R.L sold 1,500 shares of Foot Locker stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $32.90, for a total transaction of $49,350.00. Following the completion of the transaction, the insider now directly owns 11,402,353 shares in the company, valued at $375,137,413.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Over the last quarter, 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 Price Performance

Shares of FL stock opened at $28.35 on Friday. The business’s fifty day moving average is $28.55 and its 200 day moving average is $25.56. The company has a quick ratio of 0.49, a current ratio of 1.66 and a debt-to-equity ratio of 0.15. The stock has a market cap of $2.69 billion, a price-to-earnings ratio of -7.48, a PEG ratio of 0.65 and a beta of 1.44. Foot Locker, Inc. has a twelve month low of $16.68 and a twelve month high of $35.60.

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

Analyst Ratings Changes

FL has been the subject of a number of recent research reports. Evercore ISI boosted their price objective on shares of Foot Locker from $34.00 to $38.00 and gave the stock an “outperform” rating in a report on Monday, August 26th. Wedbush reissued a “neutral” rating and issued a $25.00 price target on shares of Foot Locker in a report on Wednesday, June 12th. Robert W. Baird boosted their price objective on shares of Foot Locker from $26.00 to $35.00 and gave the company a “neutral” rating in a research report on Monday, August 26th. StockNews.com lowered shares of Foot Locker from a “hold” rating to a “sell” rating in a report on Friday. Finally, Barclays upgraded Foot Locker from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $27.00 to $34.00 in a report on Thursday, August 29th. Five analysts have rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $26.40.

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.