Saddle Road Partners buys $659,194 stake in Foot Locker (FL)

Foot Locker (FL) : Saddle Road Partners scooped up 859 additional shares in Foot Locker during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 21, 2016. The investment management firm now holds a total of 10,912 shares of Foot Locker which is valued at $659,194.Foot Locker makes up approximately 0.14% of Saddle Road Partners’s portfolio.

Foot Locker opened for trading at $61.2 and hit $62.05 on the upside on Wednesday, eventually ending the session at $61.93, with a gain of 1.06% or 0.65 points. The heightened volatility saw the trading volume jump to 14,13,798 shares. Company has a market cap of $8,428 M.

Other Hedge Funds, Including , Eagle Ridge Investment Management boosted its stake in FL in the latest quarter, The investment management firm added 400 additional shares and now holds a total of 10,491 shares of Foot Locker which is valued at $633,761. Foot Locker makes up approx 0.15% of Eagle Ridge Investment Management’s portfolio.Winslow Evans Crocker reduced its stake in FL by selling 200 shares or 11.76% in the most recent quarter. The Hedge Fund company now holds 1,500 shares of FL which is valued at $90,615. Foot Locker makes up approx 0.03% of Winslow Evans Crocker’s portfolio. Highland Capital Management sold out all of its stake in FL during the most recent quarter. The investment firm sold 14,133 shares of FL which is valued $867,766. Acadian Asset Management sold out all of its stake in FL during the most recent quarter. The investment firm sold 44,335 shares of FL which is valued $2,722,169.Central Trust Co reduced its stake in FL by selling 100 shares or 8.7% in the most recent quarter. The Hedge Fund company now holds 1,050 shares of FL which is valued at $64,470. Foot Locker makes up approx 0.01% of Central Trust Co’s portfolio.

On the company’s financial health, Foot Locker reported $1.16 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Feb 26, 2016. Analyst had a consensus of $1.12. The company had revenue of $2007.00 million for the quarter, compared to analysts expectations of $2006.17 million. The company’s revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.00 EPS.

Many Wall Street Analysts have commented on Foot Locker. Foot Locker was Upgraded by Piper Jaffray to ” Overweight” on Apr 13, 2016. Foot Locker was Resumed by Credit Suisse to “Neutral” on Feb 5, 2016.

Foot Locker Inc. is a retailer of shoes and apparel. The Company operates in two segments: Athletic Stores and Direct-to-Customers. The Athletic Stores segment is an athletic footwear and apparel retailer whose formats include Foot Locker Lady Foot Locker Kids Foot Locker Champs Sports Footaction and SIX:02 as well as the retail stores of Runners Point Group including Runners Point and Sidestep. The Direct-to-Customers segment includes Footlocker.com Inc. and other affiliates including Eastbay Inc. and the direct-to-customer subsidiary of Runners Point Group which sell to customers through their Internet and mobile sites and catalogs. As of January 31 2015 the Company operated 3423 primarily mall-based stores in the United States Canada Europe Australia and New Zealand. As of January 31 2015 the Company operated a total of 78 franchised stores of which 31 are in the Middle East 27 in Germany and Switzerland and 20 in the Republic of Korea.

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