Stock Traders Purchase Large Volume of Call Options on Foot Locker (FL)
Foot Locker, Inc. (NYSE:FL) was the recipient of unusually large options trading activity on Friday. Stock traders bought 23,744 call options on the company. This is an increase of approximately Infinity compared to the average volume of 0 call options.
A number of institutional investors and hedge funds have recently bought and sold shares of FL. Afam Capital Inc. raised its holdings in shares of Foot Locker by 73.4% during the third quarter. Afam Capital Inc. now owns 34,033 shares of the athletic footwear retailer’s stock worth $1,199,000 after purchasing an additional 14,409 shares during the period. Highlander Capital Management LLC acquired a new stake in shares of Foot Locker during the third quarter worth $352,000. Cubist Systematic Strategies LLC raised its holdings in shares of Foot Locker by 8.4% during the third quarter. Cubist Systematic Strategies LLC now owns 51,637 shares of the athletic footwear retailer’s stock worth $1,819,000 after purchasing an additional 3,981 shares during the period. U S Global Investors Inc. acquired a new stake in shares of Foot Locker during the third quarter worth $321,000. Finally, Vident Investment Advisory LLC raised its holdings in shares of Foot Locker by 95.6% during the third quarter. Vident Investment Advisory LLC now owns 69,782 shares of the athletic footwear retailer’s stock worth $2,457,000 after purchasing an additional 34,103 shares during the period. 87.42% of the stock is currently owned by hedge funds and other institutional investors.
FL has been the subject of a number of research reports. Jefferies Group LLC set a $61.00 target price on shares of Foot Locker and gave the stock a “buy” rating in a research report on Friday, November 17th. Morgan Stanley upgraded shares of Foot Locker from an “equal weight” rating to an “overweight” rating and cut their target price for the stock from $70.00 to $65.00 in a research report on Tuesday, August 8th. Credit Suisse Group restated a “neutral” rating and set a $52.00 target price (down previously from $66.00) on shares of Foot Locker in a research report on Tuesday, August 1st. ValuEngine upgraded shares of Foot Locker from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Finally, B. Riley set a $40.00 target price on shares of Foot Locker and gave the stock a “hold” rating in a research report on Monday. 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. Foot Locker has a consensus rating of “Hold” and an average target price of $53.26.
Foot Locker (FL) opened at $40.69 on Wednesday. The firm has a market cap of $5,050.00, a price-to-earnings ratio of 9.67, a PEG ratio of 2.84 and a beta of 0.66. The company has a quick ratio of 2.08, a current ratio of 4.39 and a debt-to-equity ratio of 0.05. Foot Locker has a 52 week low of $28.42 and a 52 week high of $79.43.
Foot Locker (NYSE:FL) last posted its quarterly earnings results on Friday, November 17th. The athletic footwear retailer reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.07. The firm had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.82 billion. Foot Locker had a net margin of 6.79% and a return on equity of 19.96%. The firm’s quarterly revenue was down .8% on a year-over-year basis. During the same period in the prior year, the company posted $1.13 earnings per share. analysts anticipate that Foot Locker will post 3.95 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, February 2nd. Investors of record on Friday, January 19th will be issued a $0.31 dividend. The ex-dividend date is Thursday, January 18th. This represents a $1.24 annualized dividend and a yield of 3.05%. Foot Locker’s dividend payout ratio is presently 31.23%.
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About Foot Locker
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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