Bartosiak: Trading Foot Locker's (FL) Earnings with Options
- Author: Zachary Reyes Feb 25, 2017,
Feb 25, 2017, 7:15
Normalized Funds From Operations (Normalized FFO) 1 was $56.4 million for the fourth quarter, compared to $44.2 million in the same period in 2015, an increase of 28%.
Foot Locker gapped open sharply higher Friday and has continued to gain ground in early trade.
The stock's 50-day moving average price is $69.79 and its 200 day moving average price is $69.12. Looking at the stock's movement on the chart, Foot Locker, Inc. recorded a 52-week high of $79.12. For the period concluding on 2016-10-31 the firm posted EPS of $1.13. Finally, Wedbush reaffirmed an "outperform" rating and issued a $80.00 target price on shares of Foot Locker in a report on Friday, December 2nd.
To analyze a stock, one should look for Upgrades and Downgrades of a stock.
"Although we now face a softer sales environment than at this time last year, we are planning for a mid-single digit comparable sales gain and a double-digit earnings per share increase for the full year of 2017", Lauren Peters, executive vice president and CFO, said in a release. The company has a consensus rating of "Buy" and a consensus target price of $76.30. The stock has reduced about -0.5% since it reported its last earnings. BlackRock Institutional Trust Company N.A. boosted its stake in Foot Locker by 0.7% in the third quarter. The shares were sold at an average price of $75.32, for a total transaction of $753,200.00.
Several analysts are now covering the company.
Most investors understand the financial ratio, P/E ratio.
Foot Locker, Inc. closed its last trading session at $71.02 with the loss of -3.44%. The shares were sold at an average price of $72.39, for a total transaction of $482,045.01. Finally, Brean Capital restated a "buy" rating and set a $77.00 target price (down previously from $78.00) on shares of Foot Locker in a research note on Tuesday, November 22nd. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of $1.31 per share.
Foot Locker runs 3,363 stores in 23 countries as of January 28. Following the sale, the director now owns 11,876 shares of the company's stock, valued at approximately $905,307.48. Foot Locker, Inc. (FL) now trades with a market capitalization of $9.33 Billion. The insider owns 758,585 shares which have current market value of around $54011252.Kenneth (Ken) C. Hicks is another major inside shareholder in the company. Vanguard Group Inc. now owns 12,566,107 shares of the company's stock valued at $689,377,000 after buying an additional 1,721,731 shares in the last quarter. The Company operates through two segments: Athletic Stores and Direct-to-Customers.