Moore Capital Management Lp adds Foot Locker (FL) to its portfolio

Foot Locker (FL) : Moore Capital Management Lp added new position in Foot Locker during the most recent quarter end. The investment management firm now holds 250,000 shares of Foot Locker which is valued at $17,862,500 , the company said in a statement filed on Nov 14, 2016 with the SEC.Foot Locker makes up approximately 1.03% of Moore Capital Management Lp’s portfolio.

Other Hedge Funds, Including , Nokota Management Lp added FL to its portfolio by purchasing 222,206 company shares during the most recent quarter which is valued at $15,876,619. Foot Locker makes up approx 1.40% of Nokota Management Lp’s portfolio.Bryn Mawr Trust Co boosted its stake in FL in the latest quarter, The investment management firm added 1,064 additional shares and now holds a total of 103,731 shares of Foot Locker which is valued at $7,430,252. Foot Locker makes up approx 0.47% of Bryn Mawr Trust Co’s portfolio.First Trust Advisors Lp reduced its stake in FL by selling 80,335 shares or 17.64% in the most recent quarter. The Hedge Fund company now holds 375,054 shares of FL which is valued at $25,196,128. Foot Locker makes up approx 0.08% of First Trust Advisors Lp’s portfolio. Wright Investors Service Inc sold out all of its stake in FL during the most recent quarter. The investment firm sold 28,170 shares of FL which is valued $1,918,940.

Foot Locker opened for trading at $69.57 and hit $72.6 on the upside on Monday, eventually ending the session at $71.78, with a gain of 0.60% or 0.43 points. The heightened volatility saw the trading volume jump to 54,05,723 shares. Company has a market cap of $9,565 M.

On the company’s financial health, Foot Locker reported $1.13 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Nov 18, 2016. Analyst had a consensus of $1.10. The company had revenue of $1886.00 million for the quarter, compared to analysts expectations of $1889.16 million. The company’s revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.00 EPS.

Investors should note that on Nov 16, 2016, Foot Locker announced a cash dividend of $0.2750. The company’s management has announced Jan 11, 2017 as the ex-dividend date and fixed the record date on Jan 13, 2017. The payable date has been fixed on Jan 27, 2017.

Many Wall Street Analysts have commented on Foot Locker. Foot Locker was Downgraded by Piper Jaffray to ” Neutral” on Nov 21, 2016. Wedbush Initiated Foot Locker on Nov 2, 2016 to “Outperform”, Price Target of the shares are set at $80.Foot Locker was Initiated by Guggenheim to “Neutral” on Sep 30, 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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