New Amsterdam Partnersny buys $2,956,402 stake in Foot Locker (FL)

Foot Locker (FL) : New Amsterdam Partnersny scooped up 19,394 additional shares in Foot Locker during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 1, 2016. The investment management firm now holds a total of 50,485 shares of Foot Locker which is valued at $2,956,402.Foot Locker makes up approximately 0.69% of New Amsterdam Partnersny’s portfolio.

Other Hedge Funds, Including , Integrated Wealth Management boosted its stake in FL in the latest quarter, The investment management firm added 3 additional shares and now holds a total of 631 shares of Foot Locker which is valued at $36,951. Foot Locker makes up approx 0.01% of Integrated Wealth Management’s portfolio. Monarch Partners Asset Management sold out all of its stake in FL during the most recent quarter. The investment firm sold 57,034 shares of FL which is valued $3,399,226. Solaris Asset Management sold out all of its stake in FL during the most recent quarter. The investment firm sold 300 shares of FL which is valued $17,880.Nisa Investment Advisors reduced its stake in FL by selling 379 shares or 0.55% in the most recent quarter. The Hedge Fund company now holds 68,271 shares of FL which is valued at $4,015,018. Foot Locker makes up approx 0.05% of Nisa Investment Advisors’s portfolio.British Columbia Investment Management Corp boosted its stake in FL in the latest quarter, The investment management firm added 24,007 additional shares and now holds a total of 111,169 shares of Foot Locker which is valued at $6,382,212. Foot Locker makes up approx 0.06% of British Columbia Investment Management Corp’s portfolio.

Foot Locker closed down -0.26 points or -0.44% at $58.3 with 16,15,975 shares getting traded on Thursday. Post opening the session at $58.62, the shares hit an intraday low of $58.16 and an intraday high of $59.09 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Foot Locker reported $1.39 EPS for the quarter, based on the information available during the earnings call on May 20, 2016. Analyst had a consensus estimate of $1.39. The company had revenue of $1987.00 million for the quarter, compared to analysts expectations of $1998.45 million. The company’s revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.29 EPS.

Many Wall Street Analysts have commented on Foot Locker. Shares were Reiterated by Telsey Advisory Group on May 23, 2016 to “Outperform” and Lowered the Price Target to $ 72 from a previous price target of $78 .Shares were Reiterated by Canaccord Genuity on May 23, 2016 to “Buy” and Lowered the Price Target to $ 75 from a previous price target of $81 .

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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