Wbi Investments buys $23.9 Million stake in Foot Locker (FL)

Foot Locker (FL) : Wbi Investments scooped up 312,098 additional shares in Foot Locker during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 11, 2016. The investment management firm now holds a total of 415,629 shares of Foot Locker which is valued at $23.9 Million.Foot Locker makes up approximately 1.03% of Wbi Investments’s portfolio.

Other Hedge Funds, Including , Keybank National Associationoh reduced its stake in FL by selling 6,182 shares or 21.22% in the most recent quarter. The Hedge Fund company now holds 22,953 shares of FL which is valued at $1.3 Million. Foot Locker makes up approx 0.01% of Keybank National Associationoh’s portfolio.Congress Asset Management Co boosted its stake in FL in the latest quarter, The investment management firm added 72,049 additional shares and now holds a total of 477,574 shares of Foot Locker which is valued at $27.4 Million. Foot Locker makes up approx 0.68% of Congress Asset Management Co’s portfolio.Legacy Capital Partners reduced its stake in FL by selling 2,425 shares or 31.74% in the most recent quarter. The Hedge Fund company now holds 5,215 shares of FL which is valued at $316,968. Foot Locker makes up approx 0.20% of Legacy Capital Partners’s portfolio.California Public Employees Retirement System reduced its stake in FL by selling 900 shares or 0.2% in the most recent quarter. The Hedge Fund company now holds 450,464 shares of FL which is valued at $27.4 Million. Foot Locker makes up approx 0.04% of California Public Employees Retirement System’s portfolio.Brc Investment Management reduced its stake in FL by selling 47 shares or 0.38% in the most recent quarter. The Hedge Fund company now holds 12,270 shares of FL which is valued at $753,869. Foot Locker makes up approx 0.11% of Brc Investment Management’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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