Rr Partners Lp buys $206,219,106 stake in Foot Locker (FL)

Foot Locker (FL) : Rr Partners Lp scooped up 500,900 additional shares in Foot Locker during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 3,372,900 shares of Foot Locker which is valued at $206,219,106.Foot Locker makes up approximately 8.33% of Rr Partners Lp’s portfolio.

Other Hedge Funds, Including , Brandywine Global Investment Management reduced its stake in FL by selling 125,813 shares or 74.73% in the most recent quarter. The Hedge Fund company now holds 42,536 shares of FL which is valued at $2,600,651. Foot Locker makes up approx 0.02% of Brandywine Global Investment Management’s portfolio. Hightower Advisors sold out all of its stake in FL during the most recent quarter. The investment firm sold 62,501 shares of FL which is valued $3,821,311. Wbi Investments sold out all of its stake in FL during the most recent quarter. The investment firm sold 415,629 shares of FL which is valued $25,411,557. Catalyst Capital Advisors added FL to its portfolio by purchasing 66,922 company shares during the most recent quarter which is valued at $4,091,611. Foot Locker makes up approx 0.74% of Catalyst Capital Advisors’s portfolio.Tci Wealth Advisors reduced its stake in FL by selling 170 shares or 84.58% in the most recent quarter. The Hedge Fund company now holds 31 shares of FL which is valued at $1,871.

Foot Locker closed down -0.11 points or -0.17% at $65.53 with 10,29,727 shares getting traded on Thursday. Post opening the session at $65.8, the shares hit an intraday low of $65.03 and an intraday high of $65.8 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 $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.

Investors should note that on Aug 17, 2016, Foot Locker announced a cash dividend of $0.2750. The company’s management has announced Oct 12, 2016 as the ex-dividend date and fixed the record date on Oct 14, 2016. The payable date has been fixed on Oct 28, 2016.

Many Wall Street Analysts have commented on Foot Locker. 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 .Susquehanna Initiated Foot Locker on Aug 12, 2016 to “Positive”, Price Target of the shares are set at $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 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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