38.01 -3.92 (-9.35%)
Pre-Market: 7:07AM EDT
|Bid||42.84 x 800|
|Ask||44.30 x 1200|
|Day's Range||40.10 - 42.06|
|52 Week Range||36.82 - 68.00|
|Beta (3Y Monthly)||1.48|
|PE Ratio (TTM)||8.76|
|Earnings Date||Aug 23, 2019|
|Forward Dividend & Yield||1.52 (3.63%)|
|1y Target Est||53.71|
NEW YORK, NY / ACCESSWIRE / August 23, 2019 / Foot Locker, Inc. (NYSE: FL ) will be discussing their earnings results in their 2019 Second Quarter Earnings to be held on August 23, 2019 at 9:00 AM Eastern ...
- Second Quarter Net Income of $60 Million , or $0.55 per Share - Non-GAAP Net Income of $72 Million , or $0.66 per Share - Second Quarter Comparable-Store Sales Increased 0.8 Percent NEW YORK , Aug. 23, ...
Foot Locker, Inc. is expected to report net income of $74.1 million, or 67 cents a share, on sales of $1.8 billion before the market opens on Friday, based on a FactSet survey of 20 analysts. In the same period a year ago, the company posted earnings of 75 cents a share on sales of $1.
On Friday, August 23, Foot Locker (NYSE: FL ) will report its last quarter's earnings. Here is Benzinga's preview of the company's release. Earnings and Revenue Sell-side analysts expect Foot Locker's ...
Foot Locker, Inc. (NYSE: FL ) is trading up over 5% Thursday afternoon, ahead of its second-quarter earnings release before the market opens Friday. Traders may be speculating Foot Locker could be another ...
Looking at Foot Locker, Inc.'s (NYSE:FL) earnings update in May 2019, analyst consensus outlook seem bearish, as a...
Dick's Sporting Goods earnings beat Q2 views, as comp sales crushed, ahead of rivals Foot Locker and Hibbett Sports reporting on Friday.
Buy Foot Locker at its semiannual pivot at $38.92 or on a weekly close above its five-week modified moving average at $41.69. The stock is cheap with a P/E ratio of 8.26 and dividend yield of 3.84%.
The shoe retailer is scheduled to report its quarterly financial results before the market opens on Friday. Here’s a snapshot of Wall Street’s expectations and some recent history.
NEW YORK , Aug. 20, 2019 /PRNewswire/ -- Foot Locker, Inc. (NYSE: FL), the New York -based specialty athletic retailer, announced today that its Board of Directors declared a quarterly cash dividend on ...
Foot Locker, Inc. (NYSE:FL) is a stock with outstanding fundamental characteristics. When we build an investment case...
The stock market has rushed to all-time highs in 2019 and -- despite recent trade-inspired turbulence -- is still on pace to have one of its best years in recent memory. But not all stocks have joined in on the rally. Instead, a handful of stocks have actually had a rough 2019, dropping big year-to-date into historically undervalued territory -- even while the market trades at a decade-high valuation.Some of these undervalued stocks are undervalued for a reason, and should be avoided for the foreseeable future. The fundamentals simply don't warrant a turnaround.But some of these undervalued stocks look primed for a breakout. That is, some of them appear unreasonably undervalued, with big catalysts on the horizon -- a combination which paves a tangible pathway for big upside.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Great Small-Cap Stocks to Buy With that in mind, let's take a look at 10 undervalued stocks with breakout potential in the back-half of 2019. Foot Locker (FL)Source: Shutterstock The Valuation: Because the athletic apparel sector sources a lot of production from China, many athletic apparel stocks find themselves at the epicenter of the U.S.-China trade war. Foot Locker (NYSE:FL) is no exception. The company's margins have come under significant pressure thanks to tariffs, and in response, investors have sold off FL stock to an anemic 8-times forward earnings multiple, versus a five-year-average forward multiple north of 12, a consumer discretionary sector average multiple north of 20, and a footwear sector average multiple north of 28.The Breakout Catalyst: Foot Locker's demand trends are healthy. Last quarter, Foot Locker reported nearly 5% comparable sales growth. Thus, the whole problem here is the trade war. If the trade war cools, FL stock will presumably rally in a big way. It increasingly appears that this will happen. U.S. President Donald Trump has delayed the next round of tariffs, while China is coming under intense internal pressure with the Hong Kong riots. Consequently, it appears both sides want to de-escalate trade tensions. Such a de-escalation should couple with strong demand drivers at Foot Locker to propel a breakout rally in FL stock into the end of 2019. CVS (CVS)Source: Shutterstock The Valuation: Pharmacy giant CVS (NYSE:CVS) is in the midst of multi-year downtrend thanks to adverse consumption and legislation trends, the sum of which have weighed on revenues, profits, and investor sentiment. Net net, CVS stock today trades at a depressed 8.5-times forward earnings multiple, versus a five-year-average forward multiple of over 13. * 3 Warning Signals a Stock Market Crash Is Coming The Breakout Catalyst: Both consumption and legislation trends are finally progressing in the right direction for CVS. On the consumption side, CVS reported a robust 4.2% increase in same store sales last quarter, including an impressive 2.9% increase in front store sales. This is mostly because, thanks to the Aetna acquisition, CVS is pushing forward on a promising local healthcare plan. Meanwhile, on the legislation side, the White House scrapped a PBM rebate program which would've been disastrous for CVS. Broadly, then, it increasingly appears that CVS stock is the early innings of massive multi-quarter rebound. AT&T (T)Source: Shutterstock The Valuation: Telecom-giant AT&T (NYSE:T) has featured a persistently cheap stock for the past several years. T stock trades at just 10-times forward earnings today and has averaged an 11-times forward earnings multiple over the past five years. In other words, T stock has been stubbornly cheap forever.The Breakout Catalyst: AT&T stock has been stubbornly cheap forever because the company has been staring at huge cord-cutting headwinds. Much like Disney (NYSE:DIS) has done over the past few months, though, AT&T is prepared to shake off those cord-cutting headwinds over the next few months thanks to the launch of a new content-packed streaming service in HBO Max. At the same time, the forthcoming 5G wave promises to provide a big boost to the company's wireless business. Thus, over the next twelve months, two big catalysts -- a full blown pivot into the streaming space and the mainstream roll-out of 5G -- will finally "wake up" T stock and spark a big breakout rally in this stubbornly cheap stock. American Airlines (AAL)Source: Shutterstock The Valuation: Airline stocks have been hit hard over the past twenty months, dragged down by rising oil prices in early 2018, slowing global air travel demand in late 2018 and the 737 MAX crisis in 2019. American Airlines (NYSE:AAL) has been no exception to the trend. If anything, it's been an out-sized loser, with AAL stock down more than 50% since early 2018. At present, given the the airline industry's sizable headwinds, AAL stock trades at just 5.5-times forward earnings, versus an airline average forward earnings multiple north of 8. * 15 Growth Stocks to Buy for the Long Haul The Breakout Catalyst: The fundamentals underlying the airline industry are positioned to meaningfully improve over the next few quarters. Oil prices will drop, as supply continues to outstrip demand in a slowing global manufacturing economy. Air travel demand will remain robust, as the global consumer economy remains on solid footing. 737 MAX planes will get back into the air by early 2020. Net net, by early 2020, top and bottom line trends across the whole airline industry should meaningfully improve, and that improvement should lead to a breakout recovery rally in depressed and beaten-up AAL stock. AMC Entertainment (AMC)Source: Shutterstock The Valuation: It's been a rough year for movie theater operator AMC Entertainment (NYSE:AMC), as sluggish box office trends in the first half of 2019 have breathed life back into the thesis that movie theaters are going extinct. As that thesis has gained traction, AMC stock has plunged to dirt cheap levels. Today, AMC stock trades at less than 0.3-times trailing sales. Three years ago, the trailing sales multiple was above 1.The Breakout Catalyst: July 2019 box office trends showed meaningful improvement from the January through June trend. August is off to a good start, too. The outlook for the rest of 2019 is also favorable, headlined by a second Frozen movie and the final installment in the latest Star Wars trilogy. As box office trends continue to improve into the end of the year, the "movie theaters are dying" thesis will start lose steam. As that thesis drowns out, investor sentiment will improve, and the stock will meaningfully recover. Ford (F)Source: Shutterstock The Valuation: After several years of red hot growth, the global auto market is cooling off. In that cooling market, U.S. auto giant Ford (NYSE:F) is losing share. The company's margins are also coming under intense pressure thanks to U.S.-China tariffs. Net net, revenue, margin and profit trends at Ford have been depressed for some time. This has led to an equally depressed Ford stock, which presently trades at just 7.2-times forward earnings. * 10 Cheap Dividend Stocks to Load Up On The Breakout Catalyst: The recent surge of proactive fiscal stimulus in the U.S. economy in the first half of 2019, should have a positive impact on auto market demand in the back half of 2019. Continued healthy labor conditions should similarly help reinvigorate auto demand. At the same time, Ford is aggressively reshaping its car portfolio to be more electric and thereby, more relevant. Tariffs are also being pushed back, and the trade war looks like it will cool down from here. Putting all that together, then, Ford's underlying fundamentals are positioned to improve significantly over the next few quarters. As they do, Ford stock should bounce back from today's depressed levels. Intel (INTC)Source: JHVEPhoto / Shutterstock.com The Valuation: When it comes to playing the next-gen AI and data revolution, chipmaker Intel (NASDAQ:INTC) offers investors arguably the cheapest way to do it. The company has exposure to all of those secular growth end markets (self driving, machine learning, hyper-scale data centers, so on and so forth). Yet, INTC stock trades at just 11-times forward earnings, mostly because Intel is a slow growth player in those market that is rapidly losing share to faster growing rivals.The Breakout Catalyst: INTC stock could charge higher for three big reasons. First, Intel's next-gen chips are finally here (and more are coming soon), so the company may finally be able to win share back from Advanced Micro Devices (NASDAQ:AMD). Second, the trade war appears to be cooling, and that's big for both Intel's demand and margins. Third, there are rumors out there that hyper-scale data center spend - which has taken step back thus far in 2019 - is finally starting to ramp back up. Those three catalysts together could push INTC up towards $60 within the next few quarters. IBM (IBM)Source: Shutterstock The Valuation: Much like shares of AT&T, shares of blue chip tech giant IBM (NYSE:IBM) have been stubbornly cheap for the past several years as the company has dealt with sluggish revenue, margin, and profit growth trends. Investors keep waiting for things to turn around. They never do. As such, IBM stock has been depressed for a long time. * 7 Safe Dividend Stocks for Investors to Buy Right Now The Breakout Catalyst: IBM's sluggish growth trends could finally turn around over the next few quarters, thanks to the integration of Red Hat. Last year, IBM announced its intention to acquire hybrid cloud company Red Hat. That acquisition just closed. Importantly, Red Hat is growing revenues at a much faster rate than IBM, and operates at higher gross margins. Red Hat also opens up IBM's cloud business to Red Hat's long list of hybrid cloud customers. Thus, the integration of Red Hat into IBM's business will provide a meaningful lift to IBM's revenue and profit growth trends. That lift should breathe life back into depressed IBM stock. Skechers (SKX)The Valuation: As mentioned earlier, the athletic apparel sector finds its square in the middle of the U.S.-China trade war. Athletic footwear brand Skechers (NYSE:SKX) is no exception. Consequently, as trade tensions have heated up in August, SKX stock has retreated. The stock now trades at less than 15-times forward earnings, versus an apparel retail sector average multiple of nearly 18 and footwear sector average multiple of nearly 30.The Breakout Catalyst: Prior to trade tensions heating up, Skechers reported blowout second quarter numbers which comprised big revenue growth, big margin expansion, and big profit growth. SKX stock soared in response to that print. The stock has since given up nearly all of those gains because of Trump's proposed new tariffs. But, those new tariffs are being edited and delayed -- and may never actually come into existence. As such, as fear surrounding those new tariffs eases and disappears over the next few months, SKX stock should bounce back to its post-earnings highs. Kohl's (KSS)Source: Sundry Photography/Shutterstock.com The Valuation: The physical retail sector has been killed over the past several quarters, mostly because a disappointing holiday 2018 season has flowed into continued sluggish sales trends through the first half of 2019. Kohl's (NYSE:KSS) -- one of the largest physical retailers in the U.S. -- has not been immune to the sell-off. In 2019, Kohl's comparable sales have dropped into negative territory, while margins have retreated. In response, KSS stock has dropped big, and now trades at a dirt cheap 9.6-times forward earnings multiple (versus a five-year-average forward earnings multiple of 12-plus). * 7 Great Small-Cap Stocks to Buy The Breakout Catalyst: The macro retail backdrop will meaningfully improve over the next few quarters, thanks to: 1) proactive fiscal stimulus in the first half of 2019, 2) continued favorable U.S. labor conditions, 3) plunging interest rates and 4) de-escalating trade tensions. Against that improving retail backdrop, Kohl's growth trends should bounce back because this company has a unique value prop (off price and off mall) and winning omni-channel growth strategy based on multiple Amazon (NASDAQ:AMZN) partnerships. As such, by the end of 2019, Kohl's comps should inflect back into positive territory, while margins should march higher. If so, KSS stock should bounce back in a big way from today's depressed valuation levels.As of this writing, Luke Lango was long FL, CVS, T, DIS, AMC, F, INTC, and AMZN. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Cheap Dividend Stocks to Load Up On * The 10 Biggest Losers from Q2 Earnings * 5 Dependable Dividend Stocks to Buy The post 10 Undervalued Stocks With Breakout Potential appeared first on InvestorPlace.
Foot Locker (FL) is trying to improve performance through operational and financial initiatives. This is likely to favorably impact second-quarter results.
Foot Locker (FL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
You may think that if the U.S.-China trade war escalates, Nike (NYSE:NKE) stock will be absolutely slammed. If it does, I think you should grab some shares.Source: Shutterstock While Nike stock has been volatile in 2019, it's still up 12.4% for the year -- trading around $81 on Aug. 14. That gives Nike a market cap of roughly $130 billion, with a price-to-earnings multiple of 32.7 and a minimal 22-cent-per-share dividend yielding just over 1%.Nike is due to next report earnings Sept. 26, for the quarter ending this month, with 71 cents per share expected on revenue of $10.45 billion. That's top-line growth of just 5% over last year. If NKE stock is overpriced relative to the market, why aren't analysts more worried about it?InvestorPlace - Stock Market News, Stock Advice & Trading Tips Nike MarketingNike has one of the best marketing shops in the world; it's always innovating. One of the latest innovations is the Nike Adventure Club. It's a subscription shoe service for children ages 2-10. For just $20 per month, kids can get four pairs of kicks a year -- with 100 options to choose from. * 15 Growth Stocks to Buy for the Long Haul The service should make Nike a huge online merchant right away, with the opportunity to then sell shoes and other apparel through ongoing relationships. It builds loyalty from the ground up, and solves a big pain point for parents, especially those residing outside big cities, because kids grow so quickly.Nike has made four technology buys in the last four years, the most recent being a predictive analytics outfit called Celect. The most important may be Invertex, an Israeli outfit bought in April. They created a 3D mobile scanning app called Nike Fit that can now help subscribers get their kids' shoe sizes right.Nike also isn't ignoring its sales channel. It's working with Foot Locker (NYSE:FL) on Power Stores -- community-focused retail locations. Together, Nike and Foot Locker have opened three locations and promoted them with digital ad campaigns honoring Nike designs and offering exclusive gear. Despite a disastrous spring quarter (thanks to the retail apocalypse), Foot Locker stock is surviving and is up 20% over the last two years. FL stock's dividend yields just under 4%. About That Trade WarNow, about that trade war.Unlike some other international product companies, Nike has fabulous control over, and flexibility with, its global supply chain. Wherever it needs manufacturing for a tactical advantage in order to evade tariffs, Nike has suppliers who are ready to act.While it's true that Nike still operates 109 manufacturing plants in China, 30 of which are dedicated to producing shoes, the company is moving elsewhere. It now has 105 plants in Vietnam, employing over 460,000 workers -- over 40% of Nike's 1.1 million manufacturing employees.This data comes from Nike's Manufacturing Map which is an interactive map of its supply chain. Here you can drill down to plants in 41 countries, 525 plants in all, where it makes its clothes, shoes and accessories. Nike sources materials from 11 different countries. Cambodia is home to 10 apparel plants and Indonesia houses 38 factories total. There are even 42 manufacturing plants in the United States. The Bottom Line on Nike StockNike stock would be hurt if the trade war gets worse, but it's resilient enough to keep going. Few companies are better positioned for the online transition. Nike opened a shop at Amazon (NASDAQ:AMZN) via a direct partnership deal in 2017 and treated it as an an outlet store during Amazon's recent Prime Day. But the company isn't blind to Amazon's power. It has a sophisticated direct-to-consumer operation that's picking up speed, one that promises higher margins than it gets from any retailer.Nike has delivered a return of over 20% per year over the last five years and the stock is up over 800% since the start of the recovery in 2009. It's one of those stocks for which any dip is a buying opportunity.Dana Blankenhorn is a financial and technology journalist. He is the author of the environmental story, Bridget O'Flynn and the Bear, available at the Amazon Kindle store. Write him at email@example.com or follow him on Twitter at @danablankenhorn. As of this writing he owned shares in AMZN. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 15 Growth Stocks to Buy for the Long Haul * 5 More Cloud Stocks With Plenty of Potential * 5 Clean Energy ETFs to Buy for 2019 The post Nike Stock Is Set to Survive the Trade War appeared first on InvestorPlace.
Portland, ME, based Investment company Aristotle Fund Lp (Current Portfolio) buys Abercrombie & Fitch Co, Foot Locker Inc, sells Office Depot Inc, SINA Corp, Simon Property Group Inc during the 3-months ended 2019Q2, according to the most recent filings of the investment company, Aristotle Fund Lp. Continue reading...
NEW YORK , Aug. 9, 2019 /PRNewswire/ -- Today, Foot Locker announced the grand opening of its Washington Heights community-based Power Store set for Aug. 10 , which features a full suite of immersive capabilities ...
The risk to Foot Locker, Inc’s (NYSE: FL ) revenue and EBIT margin seem priced in, following the massive year-to-date pullback in its share price, according to Morgan Stanley. The Analyst Morgan Stanley’s ...
Foot Locker's 'We Live Sneakers' Digital Campaign Celebrates Life in the Day of a Sneakerhead NEW YORK , Aug. 8, 2019 /PRNewswire/ -- Foot Locker today announced its "We Live Sneakers" digital ...