Apg Asset Management Nv Cut Its Holding in Foot Locker (FL) by $15.89 Million as Share Price Rose; Starbucks (SBUX) Stock Value Rose While Hartline Investment Has Cut Stake

June 19, 2018 - By Ash

Foot Locker, Inc. (NYSE:FL) Logo

Hartline Investment Corp decreased its stake in Starbucks (SBUX) by 18.76% based on its latest 2018Q1 regulatory filing with the SEC. Hartline Investment Corp sold 10,450 shares as the company’s stock rose 1.31% while stock markets declined. The institutional investor held 45,243 shares of the restaurants company at the end of 2018Q1, valued at $2.62 million, down from 55,693 at the end of the previous reported quarter. Hartline Investment Corp who had been investing in Starbucks for a number of months, seems to be less bullish one the $78.96B market cap company. The stock increased 0.19% or $0.11 during the last trading session, reaching $57.22. About 8.26 million shares traded or 1.39% up from the average. Starbucks Corporation (NASDAQ:SBUX) has declined 7.92% since June 19, 2017 and is downtrending. It has underperformed by 20.49% the S&P500. Some Historical SBUX News: 17/04/2018 – New York Post: Starbucks’ attempts at selling `culture’ comes back to haunt them; 29/05/2018 – It’s Starbucks’ own fault that it will lose money due to closing of thousands of its locations for anti-racial bias trading, according to the former McDonald’s CEO; 15/05/2018 – Starbucks First-Ever China Investor Conference Highlights Accelerated Store Growth in its Fastest Growing Market, Doubling to; 07/05/2018 – Starbucks CEO Kevin Johnson says its $7.15 billion deal with food giant Nestle should return value to shareholders; 13/03/2018 – Starbucks’ Seattle Roastery is now offering a cold brew, made from coffee beans aged in a gin barrel; 13/03/2018 – Starbucks signs licensing agreement with Brazil private equity firm; 21/03/2018 – STARBUCKS SAYS LABOR COSTS ARE GOING UP; 26/04/2018 – SBUX SEES HITTING 3% COMP SALES GOAL IN 3Q; 27/04/2018 – Starbucks CEO says Philadelphia arrest protests have not hurt sales in April; 26/04/2018 – STARBUCKS CORP – QTRLY GLOBAL COMPARABLE STORE SALES INCREASED 2%

Apg Asset Management Nv decreased its stake in Foot Locker Inc (FL) by 20.41% based on its latest 2018Q1 regulatory filing with the SEC. Apg Asset Management Nv sold 429,500 shares as the company’s stock rose 13.02% while stock markets declined. The institutional investor held 1.68 million shares of the consumer services company at the end of 2018Q1, valued at $62.03 million, down from 2.10M at the end of the previous reported quarter. Apg Asset Management Nv who had been investing in Foot Locker Inc for a number of months, seems to be less bullish one the $6.54 billion market cap company. The stock decreased 1.71% or $0.97 during the last trading session, reaching $55.9. About 3.24M shares traded. Foot Locker, Inc. (NYSE:FL) has declined 6.57% since June 19, 2017 and is downtrending. It has underperformed by 19.14% the S&P500. Some Historical FL News: 24/05/2018 – ♫ Reuters Insider – U.S. Day Ahead: Manufacturing update plus earnings from Foot Locker; 25/05/2018 – FOOT LOCKER INC – CONTINUE TO BELIEVE THAT CO POISED TO INFLECT TO POSITIVE COMPARABLE-STORE SALES GROWTH AS CO PROGRESSES THROUGH 2018; 03/04/2018 – The Klein Law Firm Announces Commencement of a Class Action Filed on Behalf of Foot Locker, Inc. Shareholders and a Lead Plaintiff Deadline of May 8, 2018 (FL); 25/05/2018 – FOOT LOCKER SEES FLAT-TO-LOW-SINGLE-DIGIT FY19 COMP SALES GAIN; 22/04/2018 – DJ Foot Locker Inc, Inst Holders, 1Q 2018 (FL); 25/05/2018 – FOOT LOCKER 1Q ADJ EPS $1.45, EST. $1.25; 25/05/2018 – FOOT LOCKER 1Q EPS $1.38; 14/03/2018 – Footaction Debuts ‘UNCOVER’ Featuring Jonathan Mannion and Freddie Gibbs with REVOLT TV; 25/05/2018 – Foot Locker Debt on Its Balance Sheet Was $125M at May 5; 16/03/2018 – Champs Sports Opens New Flagship Store In NYC’s Times Square

More notable recent Starbucks Corporation (NASDAQ:SBUX) news were published by: Nasdaq.com which released: “Canadian Consumers Boycotting American Goods Is a Big Nothing Burger” on June 15, 2018, also Seekingalpha.com with their article: “Starbucks’ Schultz steps down as chairman” published on June 04, 2018, Seekingalpha.com published: “Starbucks: Not Holding For Growth, But For Dividends” on May 22, 2018. More interesting news about Starbucks Corporation (NASDAQ:SBUX) were released by: Seekingalpha.com and their article: “Starbucks lifts coffee prices in the US” published on June 07, 2018 as well as Fool.com‘s news article titled: “Why I Bought Starbucks Stock Last Week” with publication date: June 10, 2018.

Investors sentiment decreased to 0.93 in 2018 Q1. Its down 0.12, from 1.05 in 2017Q4. It dived, as 61 investors sold SBUX shares while 485 reduced holdings. 118 funds opened positions while 391 raised stakes. 955.12 million shares or 2.87% less from 983.38 million shares in 2017Q4 were reported. Adirondack Tru invested in 0.23% or 5,725 shares. Beacon Financial Grp Inc has invested 0.06% in Starbucks Corporation (NASDAQ:SBUX). Genesee Valley Co stated it has 0.85% in Starbucks Corporation (NASDAQ:SBUX). Meag Munich Ergo Kapitalanlagegesellschaft Mbh holds 0.49% or 209,906 shares. Scharf Invests Limited Liability Corp stated it has 4.67% in Starbucks Corporation (NASDAQ:SBUX). Rampart Mngmt Co Ltd Co invested in 88,590 shares or 0.49% of the stock. Arrow Corporation has 43,480 shares for 0.58% of their portfolio. Stonebridge Cap Advsrs Ltd Company holds 0.47% or 35,584 shares in its portfolio. The Massachusetts-based Contravisory Inv Mgmt has invested 0% in Starbucks Corporation (NASDAQ:SBUX). Penobscot Investment Management Communication holds 6,690 shares. Natl Pension stated it has 0.37% of its portfolio in Starbucks Corporation (NASDAQ:SBUX). Finemark Bancshares And Trust, a Florida-based fund reported 188,732 shares. Sawgrass Asset Mgmt holds 1.03 million shares or 2.86% of its portfolio. Thompson Inv Mgmt holds 0.25% or 22,776 shares. Front Barnett Associates Lc accumulated 7,425 shares.

Analysts await Starbucks Corporation (NASDAQ:SBUX) to report earnings on July, 26. They expect $0.65 earnings per share, up 18.18% or $0.10 from last year’s $0.55 per share. SBUX’s profit will be $897.00M for 22.01 P/E if the $0.65 EPS becomes a reality. After $0.53 actual earnings per share reported by Starbucks Corporation for the previous quarter, Wall Street now forecasts 22.64% EPS growth.

Since January 31, 2018, it had 0 insider buys, and 3 sales for $13.62 million activity. $740,851 worth of stock was sold by ULLMAN MYRON E III on Monday, March 12. The insider BURROWS CLIFFORD sold 162,826 shares worth $9.28 million.

Hartline Investment Corp, which manages about $366.93 million and $364.62 million US Long portfolio, upped its stake in Alphabet Inc Cl A by 1,163 shares to 10,099 shares, valued at $10.47 million in 2018Q1, according to the filing. It also increased its holding in Ctrip.Com International Ltd Ad (NASDAQ:CTRP) by 68,029 shares in the quarter, for a total of 143,869 shares, and has risen its stake in Pioneer Natural Resources (NYSE:PXD).

Among 37 analysts covering Starbucks Corporation (NASDAQ:SBUX), 23 have Buy rating, 0 Sell and 14 Hold. Therefore 62% are positive. Starbucks Corporation had 108 analyst reports since July 28, 2015 according to SRatingsIntel. On Friday, November 3 the stock rating was maintained by Piper Jaffray with “Buy”. The firm has “Buy” rating by Piper Jaffray given on Monday, February 5. Evercore initiated the shares of SBUX in report on Tuesday, April 5 with “Buy” rating. The rating was maintained by RBC Capital Markets on Friday, October 30 with “Outperform”. The company was maintained on Friday, January 26 by Cowen & Co. The rating was maintained by Barclays Capital with “Hold” on Friday, January 26. The firm has “Buy” rating by Jefferies given on Friday, December 22. Cowen & Co maintained the shares of SBUX in report on Friday, July 28 with “Buy” rating. The rating was maintained by Goldman Sachs with “Buy” on Friday, July 22. Deutsche Bank maintained the shares of SBUX in report on Wednesday, November 2 with “Hold” rating.

Investors sentiment decreased to 0.8 in Q1 2018. Its down 0.09, from 0.89 in 2017Q4. It is negative, as 52 investors sold FL shares while 148 reduced holdings. 57 funds opened positions while 102 raised stakes. 103.82 million shares or 3.88% less from 108.01 million shares in 2017Q4 were reported. Commonwealth Of Pennsylvania School Empls Retrmt Sys has invested 0.01% of its portfolio in Foot Locker, Inc. (NYSE:FL). Advisor Prtn Limited Liability Corporation reported 4,596 shares or 0.04% of all its holdings. Vident Invest Advisory Ltd Llc accumulated 84,769 shares. Raymond James Services Advisors has 28,755 shares. Nomura reported 202,617 shares. Liberty Mutual Grp Asset Mngmt, a Massachusetts-based fund reported 4,942 shares. Clark Estates Incorporated New York has 84,900 shares for 0.61% of their portfolio. Shell Asset Mgmt has invested 0.02% in Foot Locker, Inc. (NYSE:FL). United Svcs Automobile Association owns 49,360 shares. Wesbanco Fincl Bank invested 0.09% of its portfolio in Foot Locker, Inc. (NYSE:FL). Hsbc Hldgs Public Limited Liability Com has 189,595 shares. Lpl Finance Limited Liability owns 8,378 shares. Orrstown Services Incorporated reported 267 shares. The Ohio-based Foster & Motley has invested 0.06% in Foot Locker, Inc. (NYSE:FL). 27,992 are held by Bnp Paribas Asset Sa.

Analysts await Foot Locker, Inc. (NYSE:FL) to report earnings on August, 17. They expect $0.71 EPS, up 14.52% or $0.09 from last year’s $0.62 per share. FL’s profit will be $83.00M for 19.68 P/E if the $0.71 EPS becomes a reality. After $1.45 actual EPS reported by Foot Locker, Inc. for the previous quarter, Wall Street now forecasts -51.03% negative EPS growth.

More notable recent Foot Locker, Inc. (NYSE:FL) news were published by: Seekingalpha.com which released: “Foot Locker’s Turn Is Near” on May 27, 2018, also Seekingalpha.com with their article: “Foot Locker After Q1: Some Thoughts” published on May 30, 2018, Seekingalpha.com published: “Foot Locker Long Thesis, In A Nutshell” on May 31, 2018. More interesting news about Foot Locker, Inc. (NYSE:FL) were released by: Benzinga.com and their article: “Nike’s Product Line Is Tipping In A Positive Direction, According To Foot Locker” published on June 11, 2018 as well as Seekingalpha.com‘s news article titled: “Foot Locker rallies on earnings beat” with publication date: May 25, 2018.

Since January 9, 2018, it had 0 insider buys, and 6 selling transactions for $4.63 million activity. MCKENNA MATTHEW M also sold $499,339 worth of Foot Locker, Inc. (NYSE:FL) shares. PETERS LAUREN B had sold 25,000 shares worth $1.30 million on Friday, May 25. 1,500 shares were sold by GILBERT JAROBIN JR, worth $65,161 on Monday, March 12. 21,000 shares were sold by Cipriano Giovanna, worth $1.05M. Johnson Richard A sold $1.25M worth of stock.

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