Mandatum Life Insurance Co Ltd Lowers stake in Foot Locker (FL)

Foot Locker (FL) : Mandatum Life Insurance Co Ltd reduced its stake in Foot Locker by 0.19% during the most recent quarter end. The investment management company now holds a total of 39,187 shares of Foot Locker which is valued at $2.3 Million after selling 75 shares in Foot Locker , the firm said in a disclosure report filed with the SEC on May 11, 2016.Foot Locker makes up approximately 0.31% of Mandatum Life Insurance Co Ltd’s portfolio.

Other Hedge Funds, Including , Comerica Bank reduced its stake in FL by selling 1,927 shares or 1.62% in the most recent quarter. The Hedge Fund company now holds 117,067 shares of FL which is valued at $6.7 Million. Foot Locker makes up approx 0.06% of Comerica Bank’s portfolio.Blackrock Japan Ltd reduced its stake in FL by selling 623 shares or 0.35% in the most recent quarter. The Hedge Fund company now holds 177,529 shares of FL which is valued at $10.2 Million. Foot Locker makes up approx 0.04% of Blackrock Japan Ltd’s portfolio. Hillsdale Investment Management sold out all of its stake in FL during the most recent quarter. The investment firm sold 4,500 shares of FL which is valued $258,570.Capital Fund Management S.a. boosted its stake in FL in the latest quarter, The investment management firm added 18,274 additional shares and now holds a total of 175,719 shares of Foot Locker which is valued at $10.7 Million. Foot Locker makes up approx 0.19% of Capital Fund Management S.a.’s portfolio.Texas Permanent School Fund reduced its stake in FL by selling 4,815 shares or 4.21% in the most recent quarter. The Hedge Fund company now holds 109,520 shares of FL which is valued at $6.7 Million. Foot Locker makes up approx 0.08% of Texas Permanent School Fund’s portfolio.

Foot Locker opened for trading at $57.5 and hit $59.34 on the upside on Monday, eventually ending the session at $59.31, with a gain of 3.22% or 1.85 points. The heightened volatility saw the trading volume jump to 38,85,481 shares. Company has a market cap of $8,072 M.

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 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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