What Next for Foot Locker, Inc. Stock After Today’s Bearish Options Activity?

 What Next for Foot Locker, Inc. Stock After Today's Bearish Options Activity?

In today’s session Foot Locker, Inc. (FL) recorded an unusually high (1,015) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the November, 2016 put, expecting serious FL decrease. With 1,015 contracts traded and 27334 open interest for the Nov, 16 contract, it seems this is a quite bearish bet. The option with symbol: FL161118P00062500 closed last at: $1.2 or 33.3% up. About 290,003 shares traded hands. Foot Locker, Inc. (NYSE:FL) has risen 5.38% since April 1, 2016 and is uptrending. It has outperformed by 4.17% the S&P500.

Foot Locker, Inc. (NYSE:FL) Ratings Coverage

Out of 22 analysts covering Foot Locker Inc. (NYSE:FL), 15 rate it a “Buy”, 1 “Sell”, while 6 “Hold”. This means 68% are positive. $88 is the highest target while $27 is the lowest. The $76.55 average target is 15.55% above today’s ($66.25) stock price. Foot Locker Inc. has been the topic of 49 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The company was upgraded on Friday, August 12 by B. Riley & Co. The firm earned “Positive” rating on Friday, August 12 by Susquehanna. Susquehanna maintained it with “Positive” rating and $80 target price in Monday, August 22 report. Citigroup maintained the stock with “Buy” rating in Monday, August 22 report. Credit Suisse initiated Foot Locker, Inc. (NYSE:FL) rating on Friday, February 5. Credit Suisse has “Neutral” rating and $70 price target. The firm earned “Outperform” rating on Wednesday, November 2 by Wedbush. The stock of Foot Locker, Inc. (NYSE:FL) earned “Buy” rating by Jefferies on Monday, August 22. UBS maintained Foot Locker, Inc. (NYSE:FL) on Thursday, November 19 with “Buy” rating. On Monday, August 22 the stock rating was maintained by Telsey Advisory Group with “Outperform”. On Monday, August 22 the stock rating was maintained by B. Riley & Co with “Buy”.

According to Zacks Investment Research, “Foot Locker, Inc. is a leading global retailer operating primarily mall-based stores in North America, Europe, Asia and Australia. The company operates in two business segments, the Global Athletic Group and the Northern Group. The Global Athletic Group operates the following retail stores: Foot Locker, Lady Foot Locker, Kids Foot Locker, Champs Sports, Footlocker.com. The Northern Group consists of four apparel formats: Northern Reflections, Northern Traditions, Northern Getaway and Northern Elements.”

Insitutional Activity: The institutional sentiment decreased to 0.79 in Q2 2016. Its down 0.42, from 1.21 in 2016Q1. The ratio dropped, as 83 funds sold all Foot Locker, Inc. shares owned while 204 reduced positions. 67 funds bought stakes while 160 increased positions. They now own 124.81 million shares or 10.72% less from 139.79 million shares in 2016Q1.
Cap Fund accumulated 512,644 shares or 0.26% of the stock. Point72 Asia (Hong Kong) reported 8,100 shares or 0.51% of all its holdings. Horizon Invest Limited Liability Corp last reported 83,722 shares in the company. Dupont Capital Management Corp has invested 0.17% of its portfolio in Foot Locker, Inc. (NYSE:FL). Commonwealth Of Pennsylvania Pub School Empls Retrmt holds 0.01% of its portfolio in Foot Locker, Inc. (NYSE:FL) for 10,897 shares. Boston Prtnrs, a Massachusetts-based fund reported 603,917 shares. Glg Limited Liability Company has 0.03% invested in the company for 7,500 shares. Janney Montgomery Scott Limited Liability Company holds 0.01% or 14,614 shares in its portfolio. Granite Investment holds 0.93% or 84,013 shares in its portfolio. Ferguson Wellman Cap Incorporated owns 33,749 shares or 0.08% of their US portfolio. Meeder Asset Mgmt reported 1,752 shares or 0.01% of all its holdings. Numeric Lc has invested 0.02% of its portfolio in Foot Locker, Inc. (NYSE:FL). Morgan Stanley holds 679,985 shares or 0.01% of its portfolio. Alps reported 6,387 shares or 0% of all its holdings. California Employees Retirement System holds 0.04% of its portfolio in Foot Locker, Inc. (NYSE:FL) for 405,264 shares.

Insider Transactions: Since July 8, 2016, the stock had 0 insider purchases, and 6 sales for $8.73 million net activity. Johnson Richard A sold $3.40 million worth of stock or 50,000 shares. PETERS LAUREN B also sold $1.36M worth of Foot Locker, Inc. (NYSE:FL) on Monday, August 22. The insider TURPIN CHERYL N sold $691,590. Shares for $372,900 were sold by DIPAOLO NICHOLAS P. GILBERT JAROBIN JR also sold $57,355 worth of Foot Locker, Inc. (NYSE:FL) on Friday, July 8. 43,479 shares were sold by Kimble Lewis Phillip, worth $2.84 million.

Foot Locker, Inc. is a retailer of shoes and apparel. The company has a market cap of $8.83 billion. The Firm operates through two divisions: Athletic Stores and Direct-to-Customers. It has a 16.42 P/E ratio. The Company’s Athletic Stores segment is an athletic footwear and apparel retailer whose formats include Foot Locker, Lady Foot Locker, Kids Foot Locker, Champs Sports, Footaction, SIX:02, Runners Point Group, including Runners Point and Sidestep.

FL Company Profile

Foot Locker, Inc., incorporated on April 7, 1989, is a retailer of shoes and apparel. The Firm operates through two divisions: Athletic Stores and Direct-to-Customers. The Firm operates over 3,383 mall stores in the United States, Canada, Europe, Australia and New Zealand. As of January 30, 2016, the Company operated over 64 franchised stores, of which 40 were operating in the Middle East, 16 in Germany, and 8 in the Republic of Korea. It also operates approximately 10 Runners Point and Sidestep franchise stores in Switzerland..

More recent Foot Locker, Inc. (NYSE:FL) news were published by: Prnewswire.com which released: “Foot Locker And PINTRILL Team Up To Encourage Voters With Free Election Day Pin” on October 27, 2016. Also Nasdaq.com published the news titled: “Foot Locker, Inc. (FL) Ex-Dividend Date Scheduled for October 12, 2016” on October 11, 2016. Prnewswire.com‘s news article titled: “Foot Locker Foundation, Inc. Unites Athletic Industry for 16th Annual On Our …” with publication date: October 20, 2016 was also an interesting one.

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