Stock Traders Buy High Volume of Call Options on Foot Locker (FL)
Foot Locker, Inc. (NYSE:FL) saw unusually large options trading on Monday. Stock traders bought 7,692 call options on the company. This represents an increase of 126% compared to the average volume of 3,406 call options.
Foot Locker (NYSE:FL) opened at 35.88 on Friday. Foot Locker has a 12 month low of $31.56 and a 12 month high of $79.43. The stock has a 50 day moving average price of $45.77 and a 200 day moving average price of $62.02. The firm has a market cap of $4.74 billion, a price-to-earnings ratio of 8.29 and a beta of 0.68.
Foot Locker (NYSE:FL) last issued its quarterly earnings data on Friday, August 18th. The athletic footwear retailer reported $0.62 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.90 by $0.28. The company had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.80 billion. Foot Locker had a return on equity of 21.52% and a net margin of 7.49%. The company’s revenue was down 4.4% on a year-over-year basis. During the same quarter last year, the business earned $0.94 earnings per share. On average, equities analysts expect that Foot Locker will post $4.06 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 27th. Shareholders of record on Friday, October 13th will be given a dividend of $0.31 per share. The ex-dividend date is Thursday, October 12th. This represents a $1.24 annualized dividend and a yield of 3.46%. Foot Locker’s dividend payout ratio (DPR) is presently 28.57%.
A number of equities analysts have recently commented on the company. Barclays PLC restated an “overweight” rating and issued a $80.00 price objective on shares of Foot Locker in a report on Thursday, June 22nd. Morgan Stanley upgraded Foot Locker from an “equal weight” rating to an “overweight” rating and cut their price objective for the stock from $70.00 to $65.00 in a report on Tuesday, August 8th. Wedbush reiterated an “outperform” rating and set a $83.00 target price on shares of Foot Locker in a report on Wednesday, May 17th. Credit Suisse Group reiterated a “neutral” rating and set a $52.00 target price (down from $66.00) on shares of Foot Locker in a report on Tuesday, August 1st. Finally, Standpoint Research assumed coverage on Foot Locker in a report on Monday, June 12th. They set a “buy” rating and a $66.00 target price on the stock. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twelve have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $66.41.
Large investors have recently modified their holdings of the company. Vanguard Group Inc. increased its stake in Foot Locker by 1.6% in the second quarter. Vanguard Group Inc. now owns 13,187,732 shares of the athletic footwear retailer’s stock worth $649,891,000 after buying an additional 201,518 shares during the last quarter. BlackRock Inc. increased its stake in Foot Locker by 2,189.3% in the first quarter. BlackRock Inc. now owns 9,163,944 shares of the athletic footwear retailer’s stock worth $685,553,000 after buying an additional 8,763,641 shares during the last quarter. State Street Corp increased its stake in Foot Locker by 1.7% in the first quarter. State Street Corp now owns 6,167,116 shares of the athletic footwear retailer’s stock worth $461,353,000 after buying an additional 105,750 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Foot Locker by 1.5% in the first quarter. Bank of New York Mellon Corp now owns 2,936,340 shares of the athletic footwear retailer’s stock worth $219,668,000 after buying an additional 42,736 shares during the last quarter. Finally, APG Asset Management N.V. increased its stake in Foot Locker by 23.4% in the second quarter. APG Asset Management N.V. now owns 2,497,431 shares of the athletic footwear retailer’s stock worth $123,073,000 after buying an additional 473,289 shares during the last quarter. Hedge funds and other institutional investors own 93.49% of the company’s stock.
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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