|Bid||26.19 x 500|
|Ask||26.20 x 400|
|Day's Range||25.94 - 26.71|
|52 Week Range||25.94 - 62.88|
|PE Ratio (TTM)||10.17|
|Dividend & Yield||0.68 (2.52%)|
|1y Target Est||N/A|
Today, Credit Suisse's Seth Sigman and his team assess the damage. While most retailers are still well above their recession level margins, but others have started to fallen to or below recession levels, like Bed, Bath & Beyond (BBBY), Hibbett Sports (HIBB), Dick's Sporting Goods (DKS).
Heading into Friday, we had suggested that Foot Locker's post-earnings move could be a bit extreme, simply because of how other retailers like Dick's Sporting Goods (DKS) had reacted. In fact, Foot Locker's earnings were so bad, its stock was downgraded by six firms--Telsey Advisory, Deutsche Bank, Wells Fargo, JPMorgan, BofA Merrill Lynch, and Canaacord Genuity--before the market had even closed. Citigroup, for instance, commented that Foot Locker's stock has hit "very attractive levels." And in a note this morning, Susquehanna's Sam Poser and team claim the "worst [is] behind" Foot Locker.
Credit Suisse released a list of "seven retail sins," listing problems faced by retailers evident in earnings reports over the past weeks.