Trexquant Investment Lp adds Foot Locker (FL) to its portfolio

Foot Locker (FL) : Trexquant Investment Lp added new position in Foot Locker during the most recent quarter end. The investment management firm now holds 73,500 shares of Foot Locker which is valued at $4,493,790 , the company said in a statement filed on Aug 10, 2016 with the SEC.Foot Locker makes up approximately 0.56% of Trexquant Investment Lp’s portfolio.

Other Hedge Funds, Including , Bridgewater Associates Lp boosted its stake in FL in the latest quarter, The investment management firm added 117,901 additional shares and now holds a total of 201,656 shares of Foot Locker which is valued at $12,329,248. Foot Locker makes up approx 0.14% of Bridgewater Associates Lp’s portfolio.Feltz Wealth Plan reduced its stake in FL by selling 659 shares or 58.73% in the most recent quarter. The Hedge Fund company now holds 463 shares of FL which is valued at $27,942.Signaturefd boosted its stake in FL in the latest quarter, The investment management firm added 61 additional shares and now holds a total of 74 shares of Foot Locker which is valued at $4,412.Msi Financial Services Inc reduced its stake in FL by selling 12,535 shares or 74.81% in the most recent quarter. The Hedge Fund company now holds 4,220 shares of FL which is valued at $251,512. Foot Locker makes up approx 0.01% of Msi Financial Services Inc’s portfolio.Capital Analysts reduced its stake in FL by selling 43,524 shares or 98.82% in the most recent quarter. The Hedge Fund company now holds 520 shares of FL which is valued at $30,581. Foot Locker makes up approx 0.01% of Capital Analysts’s portfolio.

Foot Locker opened for trading at $64.58 and hit $69 on the upside on Friday, eventually ending the session at $68.49, with a gain of 11.04% or 6.81 points. The heightened volatility saw the trading volume jump to 1,18,39,703 shares. Company has a market cap of $9,267 M.

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. 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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