Foot Locker (FL) Worth Watching: Stock Up 8.8%

Zacks Equity Research

Mon, Mar 10, 2014, 7:47 AM

Foot Locker, Inc. (FL) was a big mover last session with its shares rising nearly 9% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company, as the stock has gained nearly 21% in the past one-month time frame.

This retailer of athletic footwear and apparel has witnessed three positive estimate revisions in the last 7 days. The Zacks Consensus Estimate has also moved higher over the same period. This implies solid trading potential for the company. So make sure to keep an eye on this stock going forward to see if Friday’s rally can turn into more strength down the road.

Foot Locker currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.

Better-ranked stocks worth considering in the broader retail sector include Christopher & Banks Corp. (CBK), H & M Hennes & Mauritz AB (HNNMY) and Macy's, Inc. (M). While Christopher & Banks sports a Zacks Rank #1 (Strong Buy), HNNMY and Macy’s bear a Zacks Rank #2 (Buy).

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FOOT LOCKER INC (FL): Free Stock Analysis Report

CHRISTOPHER & BANKS CORP (CBK): Free Stock Analysis Report

HENNES & MAURITZ AB (HNNMY): Free Stock Analysis Report

MACYS INC (M): Free Stock Analysis Report

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Foot Locker (FL) Worth Watching: Stock Up 8.8%

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