Could Foot Locker, Inc. Rise Even More? The Stock Had Bullish Options Activity

 Could Foot Locker, Inc. Rise Even More? The Stock Had Bullish Options Activity

In today’s session Foot Locker, Inc. (FL) registered an unusually high (273) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious FL increase. With 273 contracts traded and 26064 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: FL170120C00080000 closed last at: $0.95 or 35.7% up. About 324,791 shares traded hands. Foot Locker, Inc. (NYSE:FL) has risen 14.07% since April 14, 2016 and is uptrending. It has outperformed by 9.38% 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. Foot Locker Inc. has been the topic of 49 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock has “Sell” rating given by Goldman Sachs on Friday, March 18. The firm has “Outperform” rating by Wedbush given on Wednesday, November 2. The firm has “Buy” rating by UBS given on Monday, August 22. The rating was initiated by Susquehanna on Friday, August 12 with “Positive”. The stock of Foot Locker, Inc. (NYSE:FL) has “Buy” rating given on Friday, August 12 by B. Riley & Co. The firm earned “Buy” rating on Monday, November 23 by Brean Capital. The stock of Foot Locker, Inc. (NYSE:FL) earned “” rating by Deutsche Bank on Monday, August 24. The rating was maintained by Canaccord Genuity on Monday, May 23 with “Buy”. The firm has “Overweight” rating by Barclays Capital given on Monday, August 24. The firm has “Outperform” rating by Telsey Advisory Group given on Monday, May 23.

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 worsened, 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.
Scotia Capital reported 40,732 shares or 0.05% of all its holdings. First Manhattan Communications owns 4,000 shares or 0% of their US portfolio. Colony Gp Ltd, a Massachusetts-based fund reported 34,003 shares. Signaturefd Ltd Co has 74 shares for 0% of their US portfolio. Mutual Of America Capital Mngmt Limited Liability Corporation last reported 0.02% of its portfolio in the stock. Winton Capital accumulated 0.27% or 297,910 shares. Oregon Public Employees Retirement Fund holds 0.05% or 41,577 shares in its portfolio. Rhumbline Advisers, a Massachusetts-based fund reported 204,547 shares. M&T Retail Bank Corporation holds 21,647 shares or 0.01% of its portfolio. Shinko Asset Mngmt Com Ltd has 418 shares for 0% of their US portfolio. Strs Ohio has invested 0% of its portfolio in Foot Locker, Inc. (NYSE:FL). The Switzerland-based Lombard Odier Asset Mngmt (Switzerland) Sa has invested 0.12% in Foot Locker, Inc. (NYSE:FL). Moreover, Soros Fund Ltd Liability Company has 0.01% invested in Foot Locker, Inc. (NYSE:FL) for 6,800 shares. Moreover, M&R Cap Mngmt Inc has 0% invested in Foot Locker, Inc. (NYSE:FL) for 48 shares. Kornitzer Ks last reported 6,105 shares in the company.

Insider Transactions: Since July 8, 2016, the stock had 0 insider purchases, and 6 insider sales for $8.73 million net activity. The insider DIPAOLO NICHOLAS P sold $372,900. Another trade for 20,000 shares valued at $1.36 million was made by PETERS LAUREN B on Monday, August 22. GILBERT JAROBIN JR had sold 1,000 shares worth $57,355 on Friday, July 8. Another trade for 43,479 shares valued at $2.84 million was made by Kimble Lewis Phillip on Wednesday, September 7. TURPIN CHERYL N also sold $691,590 worth of Foot Locker, Inc. (NYSE:FL) on Wednesday, October 12. The insider Johnson Richard A sold 50,000 shares worth $3.40M.

Foot Locker, Inc. is a retailer of shoes and apparel. The company has a market cap of $9.16 billion. The Firm operates through two divisions: Athletic Stores and Direct-to-Customers. It has a 17.38 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, Inc. To Report Third Quarter Financial Results On Friday …” on November 03, 2016. Also Prnewswire.com published the news titled: “Foot Locker Announces ‘Five Borough Challenge’ Team In Support Of 17th …” on November 01, 2016. Prnewswire.com‘s news article titled: “Foot Locker And PINTRILL Team Up To Encourage Voters With Free Election Day Pin” with publication date: October 27, 2016 was also an interesting one.

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