At Bancorp Lowers stake in Foot Locker (FL)

Foot Locker (FL) : At Bancorp reduced its stake in Foot Locker by 22.42% during the most recent quarter end. The investment management company now holds a total of 66,700 shares of Foot Locker which is valued at $4,568,283 after selling 19,274 shares in Foot Locker , the firm said in a disclosure report filed with the SEC on Oct 13, 2016.Foot Locker makes up approximately 0.64% of At Bancorp’s portfolio.

Other Hedge Funds, Including , Fox Run Management L.l.c. sold out all of its stake in FL during the most recent quarter. The investment firm sold 8,400 shares of FL which is valued $575,652.Raymond James Trust N.a. reduced its stake in FL by selling 48 shares or 1.26% in the most recent quarter. The Hedge Fund company now holds 3,771 shares of FL which is valued at $259,709. Foot Locker makes up approx 0.02% of Raymond James Trust N.a.’s portfolio. Washington Trust Bank added FL to its portfolio by purchasing 16 company shares during the most recent quarter which is valued at $1,088.

Foot Locker closed down -0.34 points or -0.49% at $68.53 with 14,06,261 shares getting traded on Tuesday. Post opening the session at $68.62, the shares hit an intraday low of $68.07 and an intraday high of $68.75 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, Foot Locker reported $0.94 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Aug 19, 2016. Analyst had a consensus of $0.90. The company had revenue of $1780.00 million for the quarter, compared to analysts expectations of $1762.64 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 $0.84 EPS.

Many Wall Street Analysts have commented on Foot Locker. Foot Locker was Initiated by Guggenheim to “Neutral” on Sep 30, 2016. Company shares were Reiterated by Telsey Advisory Group on Aug 22, 2016 to “Outperform”, Firm has raised the Price Target to $ 78 from a previous price target of $72 .Company shares were Reiterated by Susquehanna on Aug 22, 2016 to “Positive”, Firm has raised the Price Target to $ 80 from a previous price target of $73 .

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.

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