We're throwing in the towel on a retail stock taking too long to turn around [MSNBC.com]
Foot Locker, Inc. (FL)
Last foot locker, inc. earnings: 2/28 06:45 am
Check Earnings Report
US:NYSE Investor Relations:
footlocker-inc.com/investors.cfm?page=investor-relations
Company Research
Source: MSNBC.com
We're exiting our position in Foot Locker , selling 750 shares at roughly $25.64 each. Following Thursday's trade, Jim Cramer's Charitable Trust will no longer own a position in FL. In addition to making room for our new name in the Club portfolio, Nextracker , we have concerns about the potential for more material upside in the near term for Foot Locker. Here's why. Alongside fiscal 2023 fourth-quarter earnings in March, management pushed out its 8.5% to 9% operating profit margin target by a full two years. That prompted us to downgrade Foot Locker shares to our 4 rating , which indicates no action will be taken on the stock until more information becomes available. That more information did, indeed, come and was positive. Fiscal 2024 first-quarter results, out last month, were indeed strong — enough so that we opted to upgrade to a 2 rating. While the stock surged more than 20% in the days following Q1 earnings, it has since given back about half those gains and never achieved the
Show less
Read more
Impact Snapshot
Event Time:
FL
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
FL alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
FL alerts
High impacting Foot Locker, Inc. news events
Weekly update
A roundup of the hottest topics
FL
News
- Nike stock plummets nearly 20% in 1 day [Yahoo! Finance]Yahoo! Finance
- Nike tumbles as upstarts grab market share [Yahoo! Finance]Yahoo! Finance
- Nike Tumbles After Warning That Sales Slump Is Getting Worse [Yahoo! Finance Canada]Yahoo! Finance Canada
- Nike Tumbles After Warning That Sales Slump Is Getting Worse [Yahoo! Finance]Yahoo! Finance
- Have $1,000? 2 Glorious Growth Stocks to Buy Right Now [Yahoo! Finance]Yahoo! Finance
FL
Earnings
- 5/30/24 - Beat
FL
Sec Filings
- 6/26/24 - Form 11-K
- 6/26/24 - Form 11-K
- 6/25/24 - Form 8-K
- FL's page on the SEC website