Foot Locker Target of Unusually High Options Trading (NYSE:FL)

Foot Locker, Inc. (NYSE:FL) saw some unusual options trading activity on Friday. Stock investors purchased 15,950 put options on the company. This is an increase of 84% compared to the typical volume of 8,682 put options.

Insider Activity at Foot Locker

In other news, major shareholder Vesa Equity Investment S.A R.L sold 1,500 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $32.90, for a total value of $49,350.00. Following the sale, the insider now directly owns 11,402,353 shares of the company’s stock, valued at approximately $375,137,413.70. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders sold a total of 787,566 shares of company stock valued at $26,090,866 in the last three months. Company insiders own 1.20% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Private Advisor Group LLC purchased a new position in shares of Foot Locker in the fourth quarter valued at about $1,160,000. Charles Schwab Investment Management Inc. grew its holdings in Foot Locker by 9.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 954,663 shares of the athletic footwear retailer’s stock valued at $29,738,000 after buying an additional 81,684 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of Foot Locker by 0.5% during the fourth quarter. Principal Financial Group Inc. now owns 488,863 shares of the athletic footwear retailer’s stock valued at $15,228,000 after buying an additional 2,411 shares during the last quarter. Quadrant Capital Group LLC lifted its holdings in shares of Foot Locker by 3,004.4% in the fourth quarter. Quadrant Capital Group LLC now owns 1,397 shares of the athletic footwear retailer’s stock worth $44,000 after buying an additional 1,352 shares in the last quarter. Finally, Anthracite Investment Company Inc. bought a new position in shares of Foot Locker during the fourth quarter worth $2,604,000.

Analyst Ratings Changes

A number of brokerages recently issued reports on FL. Wedbush reiterated a “neutral” rating and issued a $25.00 price target on shares of Foot Locker in a research note on Wednesday, June 12th. StockNews.com upgraded shares of Foot Locker from a “sell” rating to a “hold” rating in a research note on Thursday. Telsey Advisory Group reissued a “market perform” rating and set a $27.00 price target on shares of Foot Locker in a research report on Wednesday, August 28th. Evercore ISI boosted their price objective on shares of Foot Locker from $34.00 to $38.00 and gave the stock an “outperform” rating in a report on Monday, August 26th. Finally, Citigroup increased their target price on Foot Locker from $27.00 to $33.00 and gave the company a “neutral” rating in a research note on Tuesday, August 20th. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $26.40.

Foot Locker Price Performance

NYSE FL opened at $26.94 on Friday. The company has a 50-day moving average price of $28.17 and a 200-day moving average price of $25.79. Foot Locker has a 52 week low of $16.68 and a 52 week high of $35.60. The company has a quick ratio of 0.49, a current ratio of 1.66 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $2.56 billion, a P/E ratio of -7.11, a PEG ratio of 0.61 and a beta of 1.44.

About Foot Locker

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.