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Shares of Foot Locker (NYSE:FL) saw some unusual options trading activity on Tuesday. Stock investors bought 1,754 put options on the stock, American Banking & Market News reports. This represents an increase of approximately 446% compared to the typical daily volume of 321 put options.

FL has been the subject of a number of recent research reports. Analysts at Buckingham Research initiated coverage on shares of Foot Locker in a research note on Wednesday, June 25th. They set a “buy” rating and a $58.00 price target on the stock. Separately, analysts at Sterne Agee raised their price target on shares of Foot Locker from $55.00 to $60.00 in a research note on Thursday, June 12th. They now have a “buy” rating on the stock. Finally, analysts at Sterne Agee reiterated a “top pick” rating on shares of Foot Locker in a research note on Wednesday, June 11th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Foot Locker presently has a consensus rating of “Buy” and a consensus price target of $51.00.

Shares of Foot Locker (NYSE:FL) traded up 1.04% on Tuesday, hitting $50.29. 1,465,008 shares of the company’s stock traded hands. Foot Locker has a one year low of $31.91 and a one year high of $52.07. The stock’s 50-day moving average is $49.42 and its 200-day moving average is $46.11. The company has a market cap of $7.277 billion and a P/E ratio of 16.37.

Foot Locker (NYSE:FL) last announced its earnings results on Friday, May 23rd. The company reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.05. The company had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.79 billion. During the same quarter in the previous year, the company posted $0.91 earnings per share. The company’s revenue for the quarter was up 14.0% on a year-over-year basis. Analysts expect that Foot Locker will post $3.30 EPS for the current fiscal year.

Foot Locker, Inc is a global retailer of shoes and apparel, operating 3,473 primarily mall-based stores in the United States, Canada, Europe, Australia and New Zealand as of February 1, 2014.

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