Pensionfund Dsm Netherlands buys $2.6 Million stake in Foot Locker (FL)

Foot Locker (FL) : Pensionfund Dsm Netherlands scooped up 3,100 additional shares in Foot Locker during the most recent quarter end , according to a recent disclosure to the SEC on Apr 4, 2016. The investment management firm now holds a total of 43,100 shares of Foot Locker which is valued at $2.6 Million.Foot Locker makes up approximately 0.35% of Pensionfund Dsm Netherlands’s portfolio.

Other Hedge Funds, Including , Beacon Financial Group reduced its stake in FL by selling 2,181 shares or 23.76% in the most recent quarter. The Hedge Fund company now holds 6,999 shares of FL which is valued at $446,186. Foot Locker makes up approx 0.10% of Beacon Financial Group’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 was Upgraded by BofA/Merrill to ” Buy” on Jan 8, 2016.

Foot Locker closed down -2.45 points or -3.96% at $59.46 with 44,63,418 shares getting traded on Monday. Post opening the session at $61.5, the shares hit an intraday low of $59.45 and an intraday high of $61.79 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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 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.

Leave a Reply

Foot Locker - Is it time to Sell?

Top Brokerage Firms are advising their investors on Foot Locker. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.