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Foot Locker

Foot Locker Inc operates thousands of retail stores throughout the United States, Canada, Europe, Asia, Australia, and New Zealand. It also has a presence in the Middle East. The company mainly sells athletically inspired shoes and apparel. Foot Locker's merchandise comes from only a few suppliers, with Nike providing the majority. Its portfolio of brands, includes Foot Locker, Kids Foot Locker, Champs Sports, WSS, and atmos. The company has omnichannel capabilities to bridge the digital world and physical stores, including order-in-store, buy online and pickup-in-store, and buy online and ship-from-store, as well as e-commerce. It has three operating segments, North America, EMEA, and Asia Pacific.

Foot Locker Inc

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This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>TSLA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$400.00</td>
<td>$178.9K</td>
<td>29.7K</td>
<td>47.8K</td>
</tr>
<tr>
<td>RIVN</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$12.50</td>
<td>$54.7K</td>
<td>19.9K</td>
<td>21.7K</td>
</tr>
<tr>
<td>CVNA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/24/25</td>
<td>$225.00</td>
<td>$37.0K</td>
<td>3.5K</td>
<td>3.0K</td>
</tr>
<tr>
<td>FL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>02/21/25</td>
<td>$20.00</td>
<td>$93.5K</td>
<td>685</td>
<td>1.2K</td>
</tr>
<tr>
<td>DKNG</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$42.00</td>
<td>$566.3K</td>
<td>1.1K</td>
<td>930</td>
</tr>
<tr>
<td>TPR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/18/26</td>
<td>$60.00</td>
<td>$70.2K</td>
<td>28</td>
<td>874</td>
</tr>
<tr>
<td>GME</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>02/28/25</td>
<td>$39.00</td>
<td>$49.2K</td>
<td>10</td>
<td>651</td>
</tr>
<tr>
<td>GENI</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>02/21/25</td>
<td>$7.50</td>
<td>$48.0K</td>
<td>98</td>
<td>400</td>
</tr>
<tr>
<td>AMZN</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/19/25</td>
<td>$150.00</td>
<td>$50.8K</td>
<td>6.3K</td>
<td>212</td>
</tr>
<tr>
<td>JD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$40.00</td>
<td>$33.6K</td>
<td>4.0K</td>
<td>96</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• For TSLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), we notice a call option sweep that happens to be bullish, expiring in 4 day(s) on January 17, 2025. This event was a transfer of 179 contract(s) at a $400.00 strike. This particular call needed to be split into 27 different trades to become filled. The total cost received by the writing party (or parties) was $178.9K, with a price of $1000.0 per contract. There were 29710 open contracts at this strike prior to today, and today 47861 contract(s) were bought and sold. 
• Regarding RIVN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>), we observe a put option sweep with bearish sentiment. It expires in 67 day(s) on March 21, 2025. Parties traded 449 contract(s) at a $12.50 strike. This particular put needed to be split into 16 different trades to become filled. The total cost received by the writing party (or parties) was $54.7K, with a price of $122.0 per contract. There were 19905 open contracts at this strike prior to today, and today 21766 contract(s) were bought and sold. 
• Regarding CVNA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVNA#NYSE">CVNA</a>), we observe a call option trade with bearish sentiment. It expires in 11 day(s) on January 24, 2025. Parties traded 638 contract(s) at a $225.00 strike. The total cost received by the writing party (or parties) was $37.0K, with a price of $58.0 per contract. There were 3504 open contracts at this strike prior to today, and today 3022 contract(s) were bought and sold. 
• Regarding FL (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FL#NYSE">FL</a>), we observe a put option sweep with bullish sentiment. It expires in 39 day(s) on February 21, 2025. Parties traded 1246 contract(s) at a $20.00 strike. This particular put needed to be split into 63 different trades to become filled. The total cost received by the writing party (or parties) was $93.5K, with a price of $75.0 per contract. There were 685 open contracts at this strike prior to today, and today 1260 contract(s) were bought and sold. 
• Regarding DKNG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DKNG#NASDAQ">DKNG</a>), we observe a put option trade with bearish sentiment. It expires in 158 day(s) on June 20, 2025. Parties traded 930 contract(s) at a $42.00 strike. The total cost received by the writing party (or parties) was $566.3K, with a price of $609.0 per contract. There were 1199 open contracts at this strike prior to today, and today 930 contract(s) were bought and sold. 
• For TPR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TPR#NYSE">TPR</a>), we notice a call option sweep that happens to be bullish, expiring in 521 day(s) on June 18, 2026. This event was a transfer of 45 contract(s) at a $60.00 strike. This particular call needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $70.2K, with a price of $1560.0 per contract. There were 28 open contracts at this strike prior to today, and today 874 contract(s) were bought and sold. 
• Regarding GME (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>), we observe a call option trade with neutral sentiment. It expires in 46 day(s) on February 28, 2025. Parties traded 167 contract(s) at a $39.00 strike. The total cost received by the writing party (or parties) was $49.2K, with a price of $295.0 per contract. There were 10 open contracts at this strike prior to today, and today 651 contract(s) were bought and sold. 
• Regarding GENI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GENI#NYSE">GENI</a>), we observe a call option trade with bullish sentiment. It expires in 39 day(s) on February 21, 2025. Parties traded 400 contract(s) at a $7.50 strike. The total cost received by the writing party (or parties) was $48.0K, with a price of $120.0 per contract. There were 98 open contracts at this strike prior to today, and today 400 contract(s) were bought and sold. 
• For AMZN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), we notice a put option trade that happens to be bearish, expiring in 249 day(s) on September 19, 2025. This event was a transfer of 200 contract(s) at a $150.00 strike. The total cost received by the writing party (or parties) was $50.8K, with a price of $254.0 per contract. There were 6315 open contracts at this strike prior to today, and today 212 contract(s) were bought and sold. 
• For JD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>), we notice a call option sweep that happens to be bearish, expiring in 368 day(s) on January 16, 2026. This event was a transfer of 80 contract(s) at a $40.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $33.6K, with a price of $420.0 per contract. There were 4064 open contracts at this strike prior to today, and today 96 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

AMZN

CVNA

DKNG

GENI

RIVN

TSLA

10 Consumer Discretionary Stocks With Whale Alerts In Today's Session

Nike Inc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nke#NYSE">NKE</a>) ended 2023 by reporting declining revenue and profit despite beating both top and bottom line estimates with its latest quarter results.
Fiscal second quarter highlights
For the quarter ended on November 30th, revenue fell about&nbsp;8%&nbsp;to&nbsp;$12.35 billion, but still surpassed LSEG&rsquo;s estimate of $12.13 billion. During the quarter, store and online sales contracted by 13%&nbsp;while&nbsp;wholesale revenues dropped 3%.All four geographical regions recorded declines in sales, but besides China, results were better than expected. In North America, sales declined 8% to $5.18 billion, but still topping StreetAccount&rsquo;s $5.01&nbsp;estimate.&nbsp;Europe, Middle East and Africa sales dropped 7% to $3.30 billion, also topping StreetAccount&rsquo;s estimate of $3.26 billion.&nbsp;Asia Pacific and Latin America, reported sales dropped by 3% to $1.74 billion,&nbsp;yet also topped&nbsp;analysts&rsquo; consensus estimate of&nbsp;$1.62 billion. But China reported sales&nbsp;declined 8% to $1.71 billion which was worse than StreetAccount&rsquo;s $1.75 billion estimate. Converse also dragged down the results as sales fell 17%&nbsp;during the quarter.
All in all, net income dropped to $1.16 billion, or 78 cents per share, surpassing LSEG&rsquo;s estimate of 63 cents.
Nike&rsquo;s turnaround will take longer than expected.
New CEO Elliott Hill&nbsp;outlined his strategy to return the company to growth, with the top and bottom line declines being blamed on deep discounting as promotions were used to fuel sales. Together with CFO Matt Friend, the two executives stated that Nike needs to aggressively liquidate old inventory through &ldquo;less profitable channels&rdquo; before returning its online business to a full-price model. Moreover, Nike&rsquo;s markdowns do not only hurth the brand but also disrupts the overall marketplace and the profitability Nike&rsquo;s partners. Consequently, Nike gudied for holiday quarter&nbsp;gross margin to drop between 3 and 3.5 percentage points.
Hills also spoke of Nike&rsquo;s lack in product newness and inspiring stories. By falling behind on innovation, Nike lost market share and Hill, who kicked off his professional journey as Nike&rsquo;s intern in the 1980s and left the company in 2020, is now back o turn things around, inside and out. But latest results show that getting back to winning is a challenging task, however, one that Hill is determined to fix by corecting the actions of his predicisiours such as restoring the trust of wholesale partners, such as Foot Locker Inc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fl#NYSE">FL</a>). Along with Dick&rsquo;s Sporting Goods Inc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dks#NYSE">DKS</a>), Foot Locker will undoubtedly rejoice as their sales heavily rely on the brand.&nbsp;On December 4th, Foot Locker missed Wall Street&rsquo;s estimates both when it comes to top and bottom lines. Partly due to soft demand for Nike&rsquo;s product, Foot Locker fell short with its third quarter results.&nbsp;
Hills finds that Nike lost its obsession with sport itself, one that he aims to restore as he gets the company back to basics. More precisely, Nike will focus on five key categories, namely running, basketball, training, football, and sportswear. While returning to one&rsquo;s roots cannot fix everything overnight, Nike is getting back to being Nike, which is what made its success story in the first place.&nbsp;
DISCLAIMER: This content is for informational purposes only. It is not intended as investing advice.
This article is from an unpaid external contributor. It does not represent Benzinga's reporting and has not been edited for content or accuracy.

Small Cap

Nike's Getting Back To Being Nike

WIIM

BOOT

DLTR

FIVE

ULTA

Shares of retail stocks are trading higher in possible reaction to Mastercard SpendingPulse data, which showed US retail sales grew 3.8% in the holiday season.

Nike Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>) analysts are highlighting the company&#8217;s new turnaround plan under CEO Elliott Hill with a focus on inventory, product innovation and wholesale partnerships being key takeaways Friday following the company&#8217;s<a href="https://www.benzinga.com/general/sports/24/12/42605414/nike-q2-earnings-revenue-beat-eps-beat-shares-jump-nike-being-nike-again"> second-quarter financial report.</a>
The Nike Analysts: Telsey analyst Cristina Fernández downgraded Nike shares from Outperform to Market Perform and lowered the price target from $93 to $80.
JPMorgan analyst Matthew Boss maintained a Neutral rating and a price target of $73.
Goldman Sachs analyst Brooke Roach reiterated a Buy rating and lowered the price target from $97 to $91.
Needham analyst Tom Nikic reiterated a Buy rating and a price target of $84.
Truist analyst Joseph Civello reiterated a Buy rating and lowered the price target from $97 to $90.
Piper Sandler analyst Anna Andreeva maintained a Neutral rating and a price target of $72.
Bank of America analyst Lorraine Hutchinson reiterated a Buy rating and lowered the price target from $95 to $90.
Read Also: <a href="https://www.benzinga.com/24/12/42610441/nikes-new-ceo-says-we-lost-our-obsession-with-sport-as-he-rebukes-old-strategies-on-performance-marketing-isolation-of-wholesalers-aims-to-create-demand">Nike&#8217;s New CEO Blames Promotions For Declining Profits, Says Turnaround Efforts May Hurt As Company Moves To Clear Excess Inventory: &#8216;We Lost Our Obsession With Sport&#8217;</a>
Telsey on Nike: A turnaround path for Nike is in place, but may take longer than expected and could be costly, Fernández said in a new investor note.
The analyst said the turnaround path could require larger investments in brand marketing and hurt sales and profitability over the next year.
"In addition, we lack clarity around the length of time it will take to clean up inventory, introduce significant product newness, rebuild wholesale partnerships, and elevate Nike digital by reducing promotions in order to return Nike to growth," Fernández said.
Fernandez said there is "some early progress" with marketing and products, but things remain in the early stages.
JPMorgan on Nike: With guidance below analyst consensus, Nike could be setting up for a "crawl, walk, run setup," Boss said in a new investor note.
The phases are broken down as a crawl in fiscal year 2025 to complete the franchise lifecycle management, a walk phase in fiscal 2026 with new product innovation and run in fiscal 2027 with innovation and a look for the right partners.
"We see an elongated timeline for Nike to re-accelerate revenue growth in the midst of a franchise product lifecycle transition with the global macro backdrop further complicating the path forward," Boss said.
The analyst said the new CEO&#8217;s plan will include additional investment and wholesale discounts to get rid of excess inventory, which could result in higher promotional activity.
Goldman Sachs on Nike: The apparel company is taking immediate action under new CEO Hill, Roach said in a new investor note.
"We think the actions outlined today are the appropriate strategic moves to reset Nike to return to future growth," Roach said.
The analyst said Nike is beginning to show improvement in several areas, but inventory remains a key concern moving forward.
"We believe that the combination of a return to marketing growth, investing in the key city strategy and reestablishing partnership with wholesale partners are appropriate in the long term."
Needham on Nike: Second-quarter financial results were better than expected, Nikic said in a new investor note.
The analyst said Hill outlined the Nike vision that will be challenging in the near term.
"Climbing back up the ‘Hill' will be tough, but the path is clear," Nikic said.
Nikic added that Hill coming back to Nike is similar to a veteran athlete coming out of retirement to rescue a fallen sports team.
The analyst said Hill's commentary on re-establishing key wholesale partnerships could be encouraging for Foot Locker Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FL#NYSE">FL</a>), who is the company's largest wholesale partner.
Truist on Nike: Sentiment in Nike could be bottoming with the turnaround plan underway, Civello said in a new investor note.
The analyst said Hill's turnaround efforts put pressure on the second half 2025 outlook but could lead to more beat and raise guidance opportunities in the future and accelerate the timeline for a return to growth.
"We're encouraged about the team's sense of urgency and their strategic focus areas, especially improving wholesale positioning, elevating Nike's Direct business and refocusing marketing on bolder brand stories," Civello.
The analyst said Hill's decision to "rip off the Band-Aid" is great and could improve the turnaround plan.
Piper Sandler on Nike: The apparel company is in the early innings of a turnaround, Andreeva said in a new investor note.
"Doing the right things, but getting back to winning takes time," Andreeva said.
The analyst said Nike's third and fourth quarters will be hit hard for sales and profitability as the company makes room for new products and innovation.
"We view the move as necessary but also creating potentially longer-lasting lack of visibility."
Bank of America on Nike: Hill's strategy to reduce inventory to make way for new product innovation is the right Nike strategy, Hutchinson said in a new investor note.
"The anticipated reset sets the stage for a healthier Nike," Hutchinson said.
The analyst said this move will reduce profitability in the near-term while creating a "healthier business" in the long term.
NKE Price Action: Nike stock is down 0.44% to $76.75 on Friday versus a 52-week trading range of $70.75 to $123.30. Nike stock is down 29% year-to-date and has fallen 24% over the last five years.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/12/42562515/nike-q2-earnings-preview-analyst-says-athletic-brand-early-in-turnaround-journey-with-new-ceo">Nike Q2 Earnings Preview: Analyst Says Athletic Brand Early In &#8216;Turnaround Journey&#8217; With New CEO</a></li>
</ul>
Photo: Shutterstock

Analyst Color

Downgrades

Price Target

Reiteration

Analyst Ratings

Trading Ideas

Nike Stock Turnaround Path Clear, Analyst Says: 'Getting Back To Winning Takes Time'

Shares of footwear stocks are trading higher following strong earnings from NIKE.

Nike Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>) will be reporting its second-quarter earnings on Thursday. Wall Street expects 64 cents in EPS and $12.13 billion in revenues as the company reports<a href="https://www.benzinga.com/calendars/earnings?tickers=NKE" target="_blank" rel="noreferrer noopener"> after market hours</a>.
The stock is down 37.30% over the past year, 19.54% over the past six months. 
<h1 class="wp-block-heading">Nike Facing Slowing Growth, Stock Slipping</h1>
Nike has faced consistent challenges in recent quarters, with growth slowing and stock performance reflecting the headwinds. 
Shares have gapped down after earnings in four consecutive reports, including October, when the company missed revenue expectations and withdrew its full-year guidance. 
Weakness in North America and China, coupled with a 15% drop in digital sales and a 13% decline in direct-to-consumer sales, has weighed heavily on results. Nike's strategic pivot to prioritize direct sales over wholesale channels like Foot Locker Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FL#NYSE">FL</a>) and DSW has yet to deliver the desired rebound, leaving investors cautious ahead of its upcoming earnings release.
Let&#8217;s look at what the charts indicate for Nike stock and how the stock currently maps against Wall Street estimates.
Read Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/12/42562515/nike-q2-earnings-preview-analyst-says-athletic-brand-early-in-turnaround-journey-with-new-ceo">Nike Q2 Earnings Preview: Analyst Says Athletic Brand Early In &#8216;Turnaround Journey&#8217; With New CEO</a>
<h1 class="wp-block-heading">Nike Stock Chart Bearish Ahead Of Q2 Earnings&nbsp;</h1>
Nike&#8217;s technical indicators paint a bearish picture ahead of its earnings release. 
<figure class="wp-block-image size-full"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent121924&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="630" height="493" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/19064511/Screenshot-2024-12-19-at-4.40.59-PM.png" alt="" class="wp-image-699488" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/19064511/Screenshot-2024-12-19-at-4.40.59-PM.png 630w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/19064511/Screenshot-2024-12-19-at-4.40.59-PM-300x235.png 300w" sizes="(max-width: 630px) 100vw, 630px" /></a></figure>
<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent121924&amp;t=be2bearmibe3na1">Chart created using Benzinga Pro</a>
The stock is trading below its eight-day, 20-day and 50-day exponential moving averages, signaling strong bearish momentum and sustained selling pressure. With Nike stock at $76.90, below the eight-day simple moving average (SMA) of $77.57, 20-day SMA of $77.69, 50-day SMA of $78.35 and 200-day SMA of $84.77, the trend points to potential for further downside.
The moving average convergence/divergence (MACD) indicator at a negative 0.12 confirms a bearish signal, while the relative strength index (RSI) at 46.09 suggests the stock is approaching oversold territory but remains neutral for now.
<h1 class="wp-block-heading">Nike Analysts See 17% Upside</h1>
Ratings &amp; Consensus Estimates:<a href="https://www.benzinga.com/quote/NKE/analyst-ratings" target="_blank" rel="noreferrer noopener"> The consensus analyst rating</a> on Nike stock stands at an Outperform currently with a price target of $94.10. The latest analyst ratings from Wells Fargo, Evercore ISI Group and Deutsche Bank suggest an average price target of $90.33 for Nike stock, implying a 17% upside potential.
NKE Price Action: Nike stock is down 0.065% at $76.85 at publication on Thursday.
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Photo: Pixfly on Shutterstock

Technicals

Previews

Nike's Earnings Loom With Bearish Signals: Will The Swoosh Bounce Back?

Analysts' ratings for Foot Locker (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FL#NYSE">FL</a>) over the last quarter vary from bullish to bearish, as provided by 17 analysts.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">4</td>
<td align="right">3</td>
<td align="right">7</td>
<td align="right">2</td>
<td align="right">1</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">3</td>
<td align="right">2</td>
<td align="right">6</td>
<td align="right">2</td>
<td align="right">1</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $24.94, a high estimate of $32.00, and a low estimate of $16.00. This current average represents a 10.71% decrease from the previous average price target of $27.93. 
<img src="https://www.benzinga.com/files/images/story/2024/1734526875_0.png" alt="price target chart" />
<h2>Analyzing Analyst Ratings: A Detailed Breakdown</h2>
The standing of Foot Locker among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Tom Nikic</td>
<td>Needham</td>
<td>Maintains</td>
<td>Buy</td>
<td>$25.00</td>
<td>$25.00</td>
</tr>
<tr>
<td>Alex Straton</td>
<td>Morgan Stanley</td>
<td>Lowers</td>
<td>Underweight</td>
<td>$16.00</td>
<td>$17.00</td>
</tr>
<tr>
<td>Adrienne Yih</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$29.00</td>
<td>$34.00</td>
</tr>
<tr>
<td>Kate McShane</td>
<td>Goldman Sachs</td>
<td>Lowers</td>
<td>Sell</td>
<td>$22.00</td>
<td>$25.00</td>
</tr>
<tr>
<td>Jay Sole</td>
<td>UBS</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$22.00</td>
<td>$26.00</td>
</tr>
<tr>
<td>Robert Drbul</td>
<td>Guggenheim</td>
<td>Lowers</td>
<td>Buy</td>
<td>$28.00</td>
<td>$34.00</td>
</tr>
<tr>
<td>Jonathan Komp</td>
<td>Baird</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$24.00</td>
<td>$27.00</td>
</tr>
<tr>
<td>Cristina Fernandez</td>
<td>Telsey Advisory Group</td>
<td>Lowers</td>
<td>Market Perform</td>
<td>$24.00</td>
<td>$30.00</td>
</tr>
<tr>
<td>Corey Tarlowe</td>
<td>Jefferies</td>
<td>Lowers</td>
<td>Hold</td>
<td>$22.00</td>
<td>$27.00</td>
</tr>
<tr>
<td>Matthew Boss</td>
<td>JP Morgan</td>
<td>Lowers</td>
<td>Underweight</td>
<td>$23.00</td>
<td>$27.00</td>
</tr>
<tr>
<td>Tom Nikic</td>
<td>Needham</td>
<td>Maintains</td>
<td>Buy</td>
<td>$27.00</td>
<td>$27.00</td>
</tr>
<tr>
<td>Anna Andreeva</td>
<td>Piper Sandler</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$28.00</td>
<td>$30.00</td>
</tr>
<tr>
<td>Sam Poser</td>
<td>Williams Trading</td>
<td>Raises</td>
<td>Hold</td>
<td>$21.00</td>
<td>$17.00</td>
</tr>
<tr>
<td>Michael Binetti</td>
<td>Evercore ISI Group</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$32.00</td>
<td>$38.00</td>
</tr>
<tr>
<td>Tom Nikic</td>
<td>Needham</td>
<td>Announces</td>
<td>Buy</td>
<td>$27.00</td>
<td>-</td>
</tr>
<tr>
<td>Eric Cohen</td>
<td>Gordon Haskett</td>
<td>Announces</td>
<td>Accumulate</td>
<td>$27.00</td>
<td>-</td>
</tr>
<tr>
<td>Jonathan Komp</td>
<td>Baird</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$27.00</td>
<td>$35.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Foot Locker. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Foot Locker compared to the broader market.</li>
<li>Price Targets: Delving into movements, analysts provide estimates for the future value of Foot Locker's stock. This analysis reveals shifts in analysts' expectations over time.</li>
</ul>
Capture valuable insights into Foot Locker's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/FL/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Foot Locker analyst ratings.</a>
<h2>Get to Know Foot Locker Better</h2>
Foot Locker Inc operates thousands of retail stores throughout the United States, Canada, Europe, Asia, Australia, and New Zealand. It also has a presence in the Middle East. The company mainly sells athletically inspired shoes and apparel. Foot Locker's merchandise comes from only a few suppliers, with Nike providing the majority. Its portfolio of brands, includes Foot Locker, Kids Foot Locker, Champs Sports, WSS, and atmos. The company has omnichannel capabilities to bridge the digital world and physical stores, including order-in-store, buy online and pickup-in-store, and buy online and ship-from-store, as well as e-commerce. It has three operating segments, North America, EMEA, and Asia Pacific.
<h3>A Deep Dive into Foot Locker's Financials</h3>
Market Capitalization Analysis: Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.
Negative Revenue Trend: Examining Foot Locker's financials over 3 months reveals challenges. As of 31 October, 2024, the company experienced a decline of approximately -1.41% in revenue growth, reflecting a decrease in top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Consumer Discretionary sector.
Net Margin: Foot Locker's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of -1.68%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Foot Locker's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of -1.14%, the company may face hurdles in generating optimal returns for shareholders.
Return on Assets (ROA): The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of -0.48%, the company may need to address challenges in generating satisfactory returns from its assets.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.99.
<h2>The Basics of Analyst Ratings</h2>
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. 
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

17 Analysts Have This To Say About Foot Locker

Needham analyst Tom Nikic reiterates Foot Locker (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FL#NYSE">FL</a>) with a Buy and maintains $25 price target.

News

Needham Reiterates Buy on Foot Locker, Maintains $25 Price Target

Morgan Stanley analyst Alex Straton maintains Foot Locker (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FL#NYSE">FL</a>) with a Underweight and lowers the price target from $17 to $16.

Morgan Stanley Maintains Underweight on Foot Locker, Lowers Price Target to $16

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>TSLA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/06/24</td>
<td>$375.00</td>
<td>$33.0K</td>
<td>19.0K</td>
<td>144.6K</td>
</tr>
<tr>
<td>BABA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/19/25</td>
<td>$75.00</td>
<td>$27.9K</td>
<td>5.1K</td>
<td>2.6K</td>
</tr>
<tr>
<td>AMZN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/06/24</td>
<td>$205.00</td>
<td>$25.6K</td>
<td>8.6K</td>
<td>1.5K</td>
</tr>
<tr>
<td>EXPE</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/13/24</td>
<td>$182.50</td>
<td>$37.4K</td>
<td>49</td>
<td>1.2K</td>
</tr>
<tr>
<td>BBWI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$37.50</td>
<td>$109.1K</td>
<td>2.5K</td>
<td>648</td>
</tr>
<tr>
<td>LULU</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$350.00</td>
<td>$62.7K</td>
<td>1.4K</td>
<td>298</td>
</tr>
<tr>
<td>SBUX</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>02/21/25</td>
<td>$95.00</td>
<td>$59.0K</td>
<td>495</td>
<td>284</td>
</tr>
<tr>
<td>GAP</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$24.00</td>
<td>$65.4K</td>
<td>4.0K</td>
<td>275</td>
</tr>
<tr>
<td>BROS</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$35.00</td>
<td>$227.9K</td>
<td>1.0K</td>
<td>108</td>
</tr>
<tr>
<td>FL</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>06/20/25</td>
<td>$20.00</td>
<td>$25.8K</td>
<td>323</td>
<td>80</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• For TSLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), we notice a call option sweep that happens to be bullish, is expiring today. Parties traded 301 contract(s) at a $375.00 strike. This particular call needed to be split into 19 different trades to become filled. The total cost received by the writing party (or parties) was $33.0K, with a price of $110.0 per contract. There were 19032 open contracts at this strike prior to today, and today 144650 contract(s) were bought and sold. 
• Regarding BABA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), we observe a call option sweep with bearish sentiment. It expires in 378 day(s) on December 19, 2025. Parties traded 14 contract(s) at a $75.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $27.9K, with a price of $1997.0 per contract. There were 5133 open contracts at this strike prior to today, and today 2669 contract(s) were bought and sold. 
• For AMZN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), we notice a call option sweep that happens to be bullish, is expiring today. Parties traded 13 contract(s) at a $205.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $25.6K, with a price of $1975.0 per contract. There were 8625 open contracts at this strike prior to today, and today 1584 contract(s) were bought and sold. 
• For EXPE (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXPE#NASDAQ">EXPE</a>), we notice a put option trade that happens to be bullish, expiring in 7 day(s) on December 13, 2024. This event was a transfer of 986 contract(s) at a $182.50 strike. The total cost received by the writing party (or parties) was $37.4K, with a price of $38.0 per contract. There were 49 open contracts at this strike prior to today, and today 1202 contract(s) were bought and sold. 
• For BBWI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBWI#NYSE">BBWI</a>), we notice a call option sweep that happens to be bullish, expiring in 42 day(s) on January 17, 2025. This event was a transfer of 642 contract(s) at a $37.50 strike. This particular call needed to be split into 52 different trades to become filled. The total cost received by the writing party (or parties) was $109.1K, with a price of $170.0 per contract. There were 2598 open contracts at this strike prior to today, and today 648 contract(s) were bought and sold. 
• Regarding LULU (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LULU#NASDAQ">LULU</a>), we observe a call option sweep with bullish sentiment. It expires in 42 day(s) on January 17, 2025. Parties traded 10 contract(s) at a $350.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $62.7K, with a price of $6274.0 per contract. There were 1426 open contracts at this strike prior to today, and today 298 contract(s) were bought and sold. 
• Regarding SBUX (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>), we observe a put option sweep with bullish sentiment. It expires in 77 day(s) on February 21, 2025. Parties traded 200 contract(s) at a $95.00 strike. This particular put needed to be split into 18 different trades to become filled. The total cost received by the writing party (or parties) was $59.0K, with a price of $296.0 per contract. There were 495 open contracts at this strike prior to today, and today 284 contract(s) were bought and sold. 
• For GAP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GAP#NYSE">GAP</a>), we notice a call option sweep that happens to be bearish, expiring in 42 day(s) on January 17, 2025. This event was a transfer of 264 contract(s) at a $24.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $65.4K, with a price of $248.0 per contract. There were 4085 open contracts at this strike prior to today, and today 275 contract(s) were bought and sold. 
• For BROS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BROS#NYSE">BROS</a>), we notice a call option trade that happens to be bullish, expiring in 42 day(s) on January 17, 2025. This event was a transfer of 107 contract(s) at a $35.00 strike. The total cost received by the writing party (or parties) was $227.9K, with a price of $2130.0 per contract. There were 1043 open contracts at this strike prior to today, and today 108 contract(s) were bought and sold. 
• Regarding FL (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FL#NYSE">FL</a>), we observe a call option trade with neutral sentiment. It expires in 196 day(s) on June 20, 2025. Parties traded 50 contract(s) at a $20.00 strike. The total cost received by the writing party (or parties) was $25.8K, with a price of $517.0 per contract. There were 323 open contracts at this strike prior to today, and today 80 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

BABA

BBWI

BROS

EXPE

LULU

SBUX

Barclays analyst Adrienne Yih maintains Foot Locker (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FL#NYSE">FL</a>) with a Overweight and lowers the price target from $34 to $29.

Barclays Maintains Overweight on Foot Locker, Lowers Price Target to $29

Goldman Sachs analyst Kate McShane maintains Foot Locker (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FL#NYSE">FL</a>) with a Sell and lowers the price target from $25 to $22.

Goldman Sachs Maintains Sell on Foot Locker, Lowers Price Target to $22

UBS analyst Jay Sole maintains Foot Locker (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FL#NYSE">FL</a>) with a Neutral and lowers the price target from $26 to $22.

UBS Maintains Neutral on Foot Locker, Lowers Price Target to $22

Guggenheim analyst Robert Drbul maintains Foot Locker (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FL#NYSE">FL</a>) with a Buy and lowers the price target from $34 to $28.

Guggenheim Maintains Buy on Foot Locker, Lowers Price Target to $28

Baird analyst Jonathan Komp maintains Foot Locker (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FL#NYSE">FL</a>) with a Neutral and lowers the price target from $27 to $24.

Baird Maintains Neutral on Foot Locker, Lowers Price Target to $24

Telsey Advisory Group analyst Cristina Fernandez maintains Foot Locker (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FL#NYSE">FL</a>) with a Market Perform and lowers the price target from $30 to $24.

Telsey Advisory Group Maintains Market Perform on Foot Locker, Lowers Price Target to $24

<h3>Gainers</h3>
<ul>
<li>SRM Entertainment (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SRM#NASDAQ">SRM</a>) shares increased by 123.8% to $1.41 during Wednesday's pre-market session. The market value of their outstanding shares is at $19.5 million. </li>
<li>SRIVARU Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SVMH#NASDAQ">SVMH</a>) stock increased by 41.36% to $0.03. The company's market cap stands at $17.0 million. </li>
<li>Adtalem Glb Education (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ATGE#NYSE">ATGE</a>) shares rose 29.5% to $117.59. The market value of their outstanding shares is at $4.4 billion. </li>
<li>Cango (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CANG#NYSE">CANG</a>) shares moved upwards by 15.8% to $4.69. The market value of their outstanding shares is at $489.4 million. </li>
<li>ECD Automotive Design (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ECDA#NASDAQ">ECDA</a>) stock rose 12.24% to $1.1. The market value of their outstanding shares is at $38.1 million. </li>
<li>Golden Sun Health (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GSUN#NASDAQ">GSUN</a>) shares moved upwards by 12.2% to $3.31. The company's market cap stands at $6.5 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Torrid Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CURV#NYSE">CURV</a>) stock decreased by 27.9% to $3.3 during Wednesday's pre-market session. The company's market cap stands at $345.4 million. As per the news, the Q3 earnings report came out yesterday. </li>
<li>Cheetah Net Supply Chain (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTNT#NASDAQ">CTNT</a>) stock decreased by 18.0% to $4.01. The market value of their outstanding shares is at $10.0 million. </li>
<li>Foot Locker (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FL#NYSE">FL</a>) stock declined by 15.77% to $20.36. The market value of their outstanding shares is at $1.9 billion. As per the press release, Q3 earnings came out today. </li>
<li>Gaotu Techedu (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GOTU#NYSE">GOTU</a>) stock fell 13.43% to $2.58. The market value of their outstanding shares is at $669.6 million. The company's, Q3 earnings came out today. </li>
<li>Chewy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHWY#NYSE">CHWY</a>) stock decreased by 7.38% to $31.14. The market value of their outstanding shares is at $12.7 billion. As per the press release, Q3 earnings came out today. </li>
<li>Noodles (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NDLS#NASDAQ">NDLS</a>) shares fell 6.35% to $0.7. The market value of their outstanding shares is at $31.9 million. 
See Also: <a href="http://www.benzinga.com/money/best-consumer-cyclical-stocks/" title="www.benzinga.com/money/best-consumer-cyclical-stocks/">www.benzinga.com/money/best-consumer-cyclical-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Movers

Adtalem Global Education Inc. Common Stock

ATGE

CANG

CHWY

CTNT

CURV

ECDA

GSX Techedu Inc. American Depositary Shares

GOTU

GSUN

NDLS

SVMH

12 Consumer Discretionary Stocks Moving In Wednesday's Pre-Market Session

Financial giants have made a conspicuous bullish move on Foot Locker. Our analysis of options history for Foot Locker (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FL#NYSE">FL</a>) revealed 12 unusual trades.
Delving into the details, we found 50% of traders were bullish, while 33% showed bearish tendencies. Out of all the trades we spotted, 10 were puts, with a value of $689,698, and 2 were calls, valued at $82,650.
<h3>Projected Price Targets</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $20.5 to $32.0 for Foot Locker over the last 3 months. 
<h3>Volume &amp; Open Interest Development</h3>
In today's trading context, the average open interest for options of Foot Locker stands at 1029.0, with a total volume reaching 8,092.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Foot Locker, situated within the strike price corridor from $20.5 to $32.0, throughout the last 30 days.
<h3>Foot Locker Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1733323851_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>FL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/06/24</td>
<td>$6.2</td>
<td>$6.1</td>
<td>$6.2</td>
<td>$26.00</td>
<td>$328.8K</td>
<td>3.1K</td>
<td>694</td>
</tr>
<tr>
<td>FL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/06/24</td>
<td>$6.5</td>
<td>$6.2</td>
<td>$6.2</td>
<td>$26.00</td>
<td>$73.7K</td>
<td>3.1K</td>
<td>1.1K</td>
</tr>
<tr>
<td>FL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/06/24</td>
<td>$7.1</td>
<td>$6.2</td>
<td>$6.2</td>
<td>$26.00</td>
<td>$66.3K</td>
<td>3.1K</td>
<td>842</td>
</tr>
<tr>
<td>FL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$1.2</td>
<td>$1.0</td>
<td>$1.2</td>
<td>$25.00</td>
<td>$57.3K</td>
<td>1.7K</td>
<td>1.5K</td>
</tr>
<tr>
<td>FL</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>12/06/24</td>
<td>$4.4</td>
<td>$4.2</td>
<td>$4.3</td>
<td>$24.50</td>
<td>$43.0K</td>
<td>276</td>
<td>135</td>
</tr>
</tbody>
</table>

<h3>About Foot Locker</h3>
Foot Locker Inc operates thousands of retail stores throughout the United States, Canada, Europe, Asia, Australia, and New Zealand. It also has a presence in the Middle East. The company mainly sells athletically inspired shoes and apparel. Foot Locker's merchandise comes from only a few suppliers, with Nike providing the majority. Its portfolio of brands, includes Foot Locker, Kids Foot Locker, Champs Sports, WSS, and atmos. The company has omnichannel capabilities to bridge the digital world and physical stores, including order-in-store, buy online and pickup-in-store, and buy online and ship-from-store, as well as e-commerce. It has three operating segments, North America, EMEA, and Asia Pacific.
<h3>Current Position of Foot Locker</h3>
<ul>
<li>Trading volume stands at 4,608,241, with FL's price down by -18.87%, positioned at $19.61.</li>
<li>RSI indicators show the stock to be may be oversold.</li>
<li>Earnings announcement expected in 0 days.</li>
</ul>
<h3>Expert Opinions on Foot Locker</h3>
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $27.0.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from Evercore ISI Group persists with their Outperform rating on Foot Locker, maintaining a target price of $32. 
&#x2A; In a cautious move, an analyst from Needham downgraded its rating to Buy, setting a price target of $27. 
&#x2A; Consistent in their evaluation, an analyst from Piper Sandler keeps a Neutral rating on Foot Locker with a target price of $28. 
&#x2A; An analyst from Needham has revised its rating downward to Buy, adjusting the price target to $27. 
&#x2A; An analyst from Williams Trading upgraded its action to Hold with a price target of $21. 
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Foot Locker options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Markets

Foot Locker's Options Frenzy: What You Need to Know

Footlocker shares are trading lower after the company reported worse-than-expected Q3 financial results and cut its FY24 and Q4 adjusted EPS guidance.

Foot Locker, Inc&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FL#NYSE">FL</a>) stock tumbled in the premarket session on Tuesday. The company reported a third-quarter adjusted EPS of $0.33,&nbsp;missing the&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">analyst consensus estimate of $0.41</a>.&nbsp;Quarterly sales of $1.96 billion&nbsp;missed the&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/12/n42311174/foot-locker-inc-reports-third-quarter-2024-financial-results-updates-2024-outlook" rel="noreferrer noopener">street view of $2.02 billion</a>.
Also Read: <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/42171519/snowflake-elastic-poised-for-ai-revolution-gains-analyst-upgrades-the-stocks" rel="noreferrer noopener">Snowflake, Elastic Poised For AI Revolution Gains, Analyst Upgrades The Stocks</a>
Total sales decreased 1.4% year over year. Comparable sales grew by 2.4%, led by 2.8% growth in global Foot Locker and Kids Foot Locker comparable sales.
During the quarter, the company opened ten new stores and closed 24. It also&nbsp;remodeled or relocated 20 stores and updated 167&nbsp;stores to current design standards. Inventory decreased 6.3% year over year.
As of&nbsp;November 2, the company operated 2,450&nbsp;stores in 26 countries in&nbsp;North America,&nbsp;Europe,&nbsp;Asia,&nbsp;Australia, and&nbsp;New Zealand.
In addition, 214 franchised&nbsp;stores were operating in the&nbsp;Middle East and&nbsp;Asia.
Foot Locker&#8217;s gross margin increased by 230 basis points. Quarterly adjusted net income was&nbsp;$31 million, compared with&nbsp;$28 million&nbsp;in the prior year.
At quarter-end, the company&#8217;s cash and cash equivalents totaled&nbsp;$211&nbsp;million, while total debt was&nbsp;$445&nbsp;million.
CEO Mary Dillon flagged a softening of consumer spending trends following the peak Back-to-School period in August and a more-than-expected elevated promotional environment, leading to the third-quarter consensus misses.
Despite disappointing trends in early November as consumers held back their spending ahead of the holiday season, the company noted a meaningful and positive acceleration over the key Thanksgiving week, especially in stores.
Outlook:&nbsp;Foot Locker lowered fiscal 2024&nbsp;adjusted EPS guidance&nbsp;to $1.20-$1.30&nbsp;(<a target="_blank" href="https://www.benzinga.com/news/earnings/24/08/40598452/foot-locker-q2-earnings-revenue-and-eps-beat-multiple-store-closures-inventory-falls-10-and-more" rel="noreferrer noopener">prior $1.50-$1.70</a>) versus the&nbsp;$1.53 consensus.
Foot Locker revised sales growth outlook to 1.5% to 1.0% decline (prior (1%) to +1%) in fiscal 2024 year over year, or $8.032 billion- $8.072 billion (prior $8.072 billion-$8.236 billion) versus the consensus of $8.143 billion.
It lowered the gross margin guidance to 28.7% to 28.8% (prior to 29.5%-29.7%) to reflect promotional pressure.
The company expects fourth-quarter adjusted EPS of $0.70-$0.80 (versus <a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">consensus of $0.94</a>), sales change of (3.5)%-(1.5)% or $2.297 billion—$2.344 billion (versus consensus of $2.351 billion) and gross margin of 29.0%- 29.2%.
Foot Locker stock has plunged 22% year-to-date.
Price Action:&nbsp;FL stock is down 17.10% to $20.10 premarket at the last check on Wednesday.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/24/11/42168608/nvidias-fugatto-new-ai-model-lets-you-create-sounds-never-heard-before" target="_blank" rel="noreferrer noopener">Nvidia Unveils Fugatto: AI Tool That Transforms Sound Creation For Music, Ads, And Gaming</a></li>
</ul>
Photo by Sorbis via Shutterstock

Earnings

Guidance

Foot Locker Cuts Outlook On Soft Consumer Spending In Q3, Stock Tanks

Needham analyst Tom Nikic has maintained their bullish stance on FL stock, giving a Buy rating on December 6. Tom Nikic's rating is based on the st...

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