As Foot Locker INC (FL) Shares Declined, Shareholder Bluecrest Capital Management LTD Cut Stake by $6.09 Million

Foot Locker, Inc. (NYSE:FL) LogoInvestors sentiment decreased to 0.96 in Q2 2019. Its down 0.13, from 1.09 in 2019Q1. It is negative, as 70 investors sold FL shares while 126 reduced holdings. 65 funds opened positions while 123 raised stakes. 102.98 million shares or 3.11% less from 106.29 million shares in 2019Q1 were reported. Utah Retirement reported 21,103 shares. Bessemer has invested 0.76% in Foot Locker, Inc. (NYSE:FL). Cibc World Mkts, a New York-based fund reported 19,518 shares. Los Angeles Mngmt And Equity Inc has 78,005 shares. Norinchukin Bancorporation The invested in 0.01% or 15,851 shares. Acadian Asset Management Limited Liability Corp owns 4,330 shares for 0% of their portfolio. Stifel Corp reported 0% of its portfolio in Foot Locker, Inc. (NYSE:FL). Greenleaf Trust accumulated 8,026 shares. Chicago Equity Prtn Limited Liability Company invested in 0.02% or 12,610 shares. Eqis Cap Mgmt holds 17,690 shares. Jnba Financial Advisors holds 200 shares. Cornerstone Advsr Inc has 20 shares. State Treasurer State Of Michigan stated it has 0.01% of its portfolio in Foot Locker, Inc. (NYSE:FL). Susquehanna Interest Grp Inc Ltd Liability Partnership has invested 0.01% in Foot Locker, Inc. (NYSE:FL). Morgan Stanley, New York-based fund reported 271,241 shares.

Bluecrest Capital Management Ltd decreased its stake in Foot Locker Inc (FL) by 95.91% based on its latest 2019Q2 regulatory filing with the SEC. Bluecrest Capital Management Ltd sold 148,466 shares as the company’s stock declined 26.80% . The institutional investor held 6,338 shares of the consumer services company at the end of 2019Q2, valued at $266,000, down from 154,804 at the end of the previous reported quarter. Bluecrest Capital Management Ltd who had been investing in Foot Locker Inc for a number of months, seems to be less bullish one the $4.30B market cap company. The stock decreased 0.78% or $0.31 during the last trading session, reaching $40.21. About 1.84M shares traded. Foot Locker, Inc. (NYSE:FL) has declined 14.97% since September 13, 2018 and is downtrending. It has underperformed by 14.97% the S&P500.

Bluecrest Capital Management Ltd, which manages about $1.41B US Long portfolio, upped its stake in Tpg Pace Hldgs Corp by 1.03 million shares to 1.69 million shares, valued at $17.57M in 2019Q2, according to the filing. It also increased its holding in Lyondellbasell Industries N (NYSE:LYB) by 111,609 shares in the quarter, for a total of 118,005 shares, and has risen its stake in Ishares Tr (Call) (EMB).

Analysts await Foot Locker, Inc. (NYSE:FL) to report earnings on November, 19. They expect $1.07 earnings per share, up 12.63 % or $0.12 from last year’s $0.95 per share. FL’s profit will be $114.53M for 9.39 P/E if the $1.07 EPS becomes a reality. After $0.66 actual earnings per share reported by Foot Locker, Inc. for the previous quarter, Wall Street now forecasts 62.12 % EPS growth.

More notable recent Foot Locker, Inc. (NYSE:FL) news were published by: Fool.com which released: “What Happened in the Stock Market Today – The Motley Fool” on August 23, 2019, also Finance.Yahoo.com with their article: “Is Now The Time To Look At Buying Foot Locker, Inc. (NYSE:FL)? – Yahoo Finance” published on June 23, 2019, 247Wallst.com published: “Why Foot Locker Is Kicking Itself After Earnings – 24/7 Wall St.” on August 23, 2019. More interesting news about Foot Locker, Inc. (NYSE:FL) were released by: Schaeffersresearch.com and their article: “2 Retail Stocks at New Lows Today – Schaeffers Research” published on August 23, 2019 as well as Investorplace.com‘s news article titled: “7 Retail Stocks to Buy on the Dip – Investorplace.com” with publication date: August 22, 2019.

Foot Locker, Inc. (NYSE:FL) Ratings Coverage

Among 8 analysts covering Foot Locker (NYSE:FL), 4 have Buy rating, 0 Sell and 4 Hold. Therefore 50% are positive. Foot Locker has $77 highest and $3700 lowest target. $47’s average target is 16.89% above currents $40.21 stock price. Foot Locker had 17 analyst reports since March 16, 2019 according to SRatingsIntel. Wedbush maintained Foot Locker, Inc. (NYSE:FL) on Monday, August 26 with “Outperform” rating. The stock of Foot Locker, Inc. (NYSE:FL) earned “Buy” rating by Deutsche Bank on Monday, August 19. The rating was maintained by Credit Suisse with “Outperform” on Monday, August 26. Citigroup maintained Foot Locker, Inc. (NYSE:FL) rating on Monday, August 26. Citigroup has “Neutral” rating and $3700 target. Robert W. Baird downgraded it to “Neutral” rating and $3700 target in Monday, August 26 report. The stock has “Buy” rating by B. Riley & Co on Monday, August 26. The firm has “Buy” rating given on Monday, August 19 by B. Riley & Co. The firm earned “Neutral” rating on Wednesday, April 10 by Citigroup. Susquehanna downgraded Foot Locker, Inc. (NYSE:FL) rating on Monday, August 26. Susquehanna has “Neutral” rating and $3900 target. Credit Suisse maintained Foot Locker, Inc. (NYSE:FL) on Friday, March 29 with “Outperform” rating.

Foot Locker, Inc. (NYSE:FL) Institutional Positions Chart

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