Stock Traders Buy Large Volume of Foot Locker Put Options (NYSE:FL)

Foot Locker, Inc. (NYSE:FL) saw unusually large options trading on Monday. Investors bought 11,057 put options on the stock. This represents an increase of 47% compared to the average daily volume of 7,506 put options.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. The Goldman Sachs Group decreased their target price on Foot Locker from $25.00 to $22.00 and set a “sell” rating for the company in a research report on Thursday, December 5th. Needham & Company LLC reissued a “buy” rating and issued a $24.00 price target on shares of Foot Locker in a report on Wednesday, March 5th. Williams Trading raised Foot Locker from a “sell” rating to a “hold” rating and increased their price target for the company from $17.00 to $21.00 in a report on Wednesday, November 27th. Robert W. Baird reduced their price target on Foot Locker from $24.00 to $20.00 and set a “neutral” rating for the company in a report on Thursday, March 6th. Finally, Telsey Advisory Group reissued a “market perform” rating and issued a $24.00 price target on shares of Foot Locker in a report on Wednesday, March 5th. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $22.81.

Foot Locker Trading Down 5.6 %

NYSE:FL opened at $16.22 on Wednesday. The company has a quick ratio of 0.45, a current ratio of 1.67 and a debt-to-equity ratio of 0.15. The business’s 50 day moving average is $19.51 and its two-hundred day moving average is $22.84. The company has a market cap of $1.54 billion, a PE ratio of -3.60, a P/E/G ratio of 0.53 and a beta of 1.55. Foot Locker has a 52 week low of $15.89 and a 52 week high of $33.94.

Foot Locker (NYSE:FL) last announced its quarterly earnings results on Wednesday, March 5th. The athletic footwear retailer reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.13. The business had revenue of $2.25 billion for the quarter, compared to analysts’ expectations of $2.32 billion. Foot Locker had a positive return on equity of 2.91% and a negative net margin of 5.24%. The business’s quarterly revenue was down 5.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.38 EPS. On average, analysts predict that Foot Locker will post 1.23 EPS for the current year.

Institutional Trading of Foot Locker

Institutional investors and hedge funds have recently made changes to their positions in the stock. Harbour Investments Inc. raised its position in shares of Foot Locker by 81.6% during the 4th quarter. Harbour Investments Inc. now owns 1,442 shares of the athletic footwear retailer’s stock worth $31,000 after purchasing an additional 648 shares during the period. Aster Capital Management DIFC Ltd acquired a new stake in shares of Foot Locker during the 4th quarter worth approximately $32,000. R Squared Ltd acquired a new stake in Foot Locker in the 4th quarter valued at approximately $50,000. Sterling Capital Management LLC increased its position in Foot Locker by 819.2% in the 4th quarter. Sterling Capital Management LLC now owns 2,629 shares of the athletic footwear retailer’s stock valued at $57,000 after acquiring an additional 2,343 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new stake in Foot Locker in the 3rd quarter valued at approximately $58,000.

Foot Locker Company Profile

Foot Locker, Inc, through its subsidiaries, operates as a footwear and apparel retailer in North America, Europe, Australia, New Zealand, Asia, and the Middle East. Its brand portfolio includes Foot Locker, a brand comprising sneakers and apparel; Kids Foot Locker, which offers athletic footwear, apparel, and accessories for children; and Champs Sports that operates as a mall-based specialty athletic footwear and apparel retailer.