Stock Traders Buy Large Volume of Foot Locker Call Options (FL)

Foot Locker, Inc. (NYSE:FL) saw some unusual options trading activity on Friday. Investors purchased 23,744 call options on the stock. This is an increase of Infinity compared to the typical daily volume of 0 call options.

Foot Locker (NYSE:FL) opened at $40.82 on Monday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.08 and a current ratio of 4.39. Foot Locker has a 1 year low of $28.42 and a 1 year high of $79.43. The stock has a market cap of $5,061.58, a price-to-earnings ratio of 9.67, a P/E/G ratio of 2.84 and a beta of 0.66.

Foot Locker (NYSE:FL) last released its quarterly earnings data on Friday, November 17th. The athletic footwear retailer reported $0.87 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.07. Foot Locker had a net margin of 6.79% and a return on equity of 19.96%. The firm had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.82 billion. During the same quarter in the prior year, the company posted $1.13 earnings per share. The business’s revenue was down .8% on a year-over-year basis. research analysts expect that Foot Locker will post 3.95 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 2nd. Shareholders of record on Friday, January 19th will be issued a dividend of $0.31 per share. The ex-dividend date of this dividend is Thursday, January 18th. This represents a $1.24 annualized dividend and a yield of 3.04%. Foot Locker’s payout ratio is 31.16%.

Several equities research analysts recently issued reports on FL shares. BidaskClub lowered shares of Foot Locker from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 25th. Morgan Stanley reissued an “overweight” rating and set a $50.00 target price (down from $65.00) on shares of Foot Locker in a report on Tuesday, August 29th. Zacks Investment Research raised shares of Foot Locker from a “sell” rating to a “hold” rating in a report on Monday, October 23rd. Cowen and Company set a $37.00 target price on shares of Foot Locker and gave the stock a “hold” rating in a report on Monday, October 23rd. Finally, Robert W. Baird reissued a “hold” rating and set a $37.00 target price on shares of Foot Locker in a report on Sunday, October 29th. Two investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. Foot Locker presently has an average rating of “Hold” and an average target price of $57.97.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Alps Advisors Inc. raised its holdings in Foot Locker by 0.3% during the second quarter. Alps Advisors Inc. now owns 6,312 shares of the athletic footwear retailer’s stock worth $311,000 after buying an additional 17 shares during the last quarter. Honkamp Krueger Financial Services Inc. raised its holdings in Foot Locker by 0.4% during the second quarter. Honkamp Krueger Financial Services Inc. now owns 14,090 shares of the athletic footwear retailer’s stock worth $694,000 after buying an additional 61 shares during the last quarter. Thrivent Financial For Lutherans raised its holdings in Foot Locker by 2.5% during the second quarter. Thrivent Financial For Lutherans now owns 5,010 shares of the athletic footwear retailer’s stock worth $247,000 after buying an additional 120 shares during the last quarter. Empirical Finance LLC raised its holdings in Foot Locker by 0.7% during the second quarter. Empirical Finance LLC now owns 31,054 shares of the athletic footwear retailer’s stock worth $1,531,000 after buying an additional 205 shares during the last quarter. Finally, Formidable Asset Management LLC raised its holdings in Foot Locker by 2.8% during the second quarter. Formidable Asset Management LLC now owns 12,446 shares of the athletic footwear retailer’s stock worth $613,000 after buying an additional 336 shares during the last quarter. Hedge funds and other institutional investors own 87.42% of the company’s stock.

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Foot Locker Company Profile

Foot Locker, Inc is a retailer of shoes and apparel. The Company operates through two segments: Athletic Stores and Direct-to-Customers. The Company is an athletic footwear and apparel retailer, which include businesses, such as include Foot Locker, Kids Foot Locker, Lady Foot Locker, Champs Sports, Footaction, Runners Point, Sidestep and SIX:02.

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