Who’s buying Foot Locker, Inc. (NYSE:FL)?
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Now that that’s out of the way, we’re going to study the newest info about Foot Locker, Inc. (NYSE:FL).
How are hedge funds trading Foot Locker, Inc. (NYSE:FL)?
Heading into Q3, a total of 34 of the hedge funds we track were long in this stock, a change of 10% from the previous quarter. With hedgies’ capital changing hands, there exists a few notable hedge fund managers who were upping their stakes substantially.
When using filings from the hedgies we track, Natixis Global Asset Management’s Harris Associates had the most valuable position in Foot Locker, Inc. (NYSE:FL), worth close to $252.1 million, accounting for 0.5% of its total 13F portfolio. On Harris Associates’s heels is Rob Citrone of Discovery Capital Management, with a $144 million position; 1.5% of its 13F portfolio is allocated to the stock. Other peers that are bullish include Patrick McCormack’s Tiger Consumer Management, Cliff Asness’s AQR Capital Management and Robert Rodriguez and Steven Romick’s First Pacific Advisors LLC.
Now, specific money managers have jumped into Foot Locker, Inc. (NYSE:FL) headfirst. Discovery Capital Management, managed by Rob Citrone, assembled the biggest position in Foot Locker, Inc. (NYSE:FL). Discovery Capital Management had 144 million invested in the company at the end of the quarter. Patrick McCormack’s Tiger Consumer Management also initiated a $117.6 million position during the quarter. The following funds were also among the new FL investors: Cliff Asness’s AQR Capital Management, Robert Rodriguez and Steven Romick’s First Pacific Advisors LLC, and Martin D. Sass’s MD Sass.
How are insiders trading Foot Locker, Inc. (NYSE:FL)?
Insider buying is at its handiest when the company in focus has seen transactions within the past half-year. Over the latest half-year time frame, Foot Locker, Inc. (NYSE:FL) has experienced zero unique insiders purchasing, and 5 insider sales (see the details of insider trades here).
We’ll also examine the relationship between both of these indicators in other stocks similar to Foot Locker, Inc. (NYSE:FL). These stocks are DSW Inc. (NYSE:DSW), Ascena Retail Group Inc (NASDAQ:ASNA), American Eagle Outfitters (NYSE:AEO), Abercrombie & Fitch Co. (NYSE:ANF), and Urban Outfitters, Inc. (NASDAQ:URBN). This group of stocks are in the apparel stores industry and their market caps resemble FL’s market cap.