Foot Locker facing short-term headwinds on shortened holiday season, Nike leadership change [Seeking Alpha]
Foot Locker, Inc. (FL)
Last foot locker, inc. earnings: 2/28 06:45 am
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US:NYSE Investor Relations:
footlocker-inc.com/investors.cfm?page=investor-relations
Company Research
Source: Seeking Alpha
lowered its price target and estimates for Foot Locker ( NYSE: FL ) and added the stock as a “Bearish Fresh Pick” through November when the company reports Q3 results. Shares were down more than 5% and opened below its 100-day moving average. Despite challenges this year, Foot Locker ( FL ) has gained 9% since early July, outperforming a 5% gain in the S&P 500, Baird analyst Jonathan Komp says, adding that the move reflects investor optimism behind improving full-priced sales and the multi-year margin recovery potential. And while Komp is optimistic that the current initiatives under CEO Mary Dillon can lead to stronger earnings over time, he sees “elevated near-term risks” including difficult comparisons with last year and a shorter holiday shopping season. Accordingly, Komp has lowered his FY24 EPS estimates by $0.15 to $1.40 assuming lower second half comparable sales of +1% from his previous estimate of +3% (and Street estimates of +3.1%). His gross margin estimate is also l
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FL
News
- Why Is Foot Locker (FL) Down 15.9% Since Last Earnings Report? [Yahoo! Finance]Yahoo! Finance
- Foot Locker, Inc. (NYSE: FL) had its price target lowered by analysts at Robert W. Baird from $35.00 to $27.00. They now have a "neutral" rating on the stock.MarketBeat
- A laid-off Foot Locker employee shorted the stock and made over $100,000, authorities say [Yahoo! Finance]Yahoo! Finance
- A laid-off Foot Locker employee shorted the stock and made over $100,000, authorities say [Fortune]Fortune
- US SEC charges former Foot Locker senior director with insider trading [Yahoo! Finance Canada]Yahoo! Finance Canada
FL
Earnings
- 8/28/24 - Beat
FL
Sec Filings
- 9/11/24 - Form 10-Q
- 8/28/24 - Form 4
- 8/28/24 - Form 8-K
- FL's page on the SEC website