|Bid||43.97 x 900|
|Ask||43.99 x 800|
|Day's Range||43.05 - 45.40|
|52 Week Range||43.05 - 68.00|
|Beta (3Y Monthly)||1.12|
|PE Ratio (TTM)||9.45|
|Earnings Date||May 24, 2019|
|Forward Dividend & Yield||1.52 (2.66%)|
|1y Target Est||70.32|
U.S. stocks were higher Friday, as investors took a momentary respite from worries about the U.S.-China trade war, which have dragged down major indexes this week.
Footwear retailer Foot Locker reports earnings, and durable goods order for April will be released Friday morning.
Shares of Foot Locker were down 17% in midday trading after the shoe retailer reported adjusted quarterly earnings per share that were 7 cents below expectations. Sales also came in below forecasts, and an increase in same-store sales of 4.6% missed estimates of analysts polled by Refinitiv. Autodesk ADSK — Autodesk dropped more than 4% after missing on the top and bottom lines of its first-quarter results .
After reporting atrocious earnings Friday morning, Foot Locker's stock down sharply. The charts leading up to today were quite bearish, so this is really not a surprise. The big institutions had been cutting the stock since the last earnings report.
Stocks rebounded Friday as investors attempted to put aside their worries about the U.S.-China trade war ahead of the three-day Memorial Day weekend. climbed after analysts at Piper Jaffray said shares of the online retailing giant will reach $3,000 between mid-2021 and mid-2022. shares climbed after the personal computing company beat Wall Street's second quarter earnings expectations and lifted its full-year profit guidance thanks to a steadying printing supplies division.
Foot Locker crashed below its 200-day SMA at $53.99 and its “reversion to the mean” at $57.32 which indicates risk to quarterly value level at $26.29.
Foot Locker stock is now hitting 52-week lows as investors trip over each other to hit the exits. After all, comparable-store sales increased 4.6% in the quarter, while inventories rose just 10 basis points. Gross margins expanded 30 basis points (although operating margins contracted 10 basis points) and revenue grew 4.7% when excluding currency fluctuations.
Foot Locker missed analysts' expectations for the first quarter of 2019. How has China tariffs impacted the company? Action Alerts PLUS' Jeff Marks zeros in on the stock and what it means for the biggest ...
The major stock indexes were squarely higher in morning trade Friday. But retailer Foot Locker crashed more than 16% after its weak earnings results.
U.S. stocks gained on Friday, ahead of a long Memorial day weekend, as investors breathed a sigh of relief after President Donald Trump indicated that the protracted trade war with China could end soon. Trump said on Thursday that Huawei Technologies Co Ltd could be included in the trade deal.
but there is no joy in Mudville - mighty Casey has struck out. Due to those higher expenses, Operating Margin decreased 10 basis points to 11%. As a retailer, Foot Locker is really at the mercy of their suppliers.
The second quarter is Foot Locker’s lowest-volume period of the year, and the company is up against a tough comparison in the back end of 2019 -- its fourth-quarter results vastly outpaced expectations. “Our team understands that we live in a comp world, so no matter what we did last year, our objective is to get over that hill,” Chief Executive Officer Richard Johnson said on a conference call. The dip comes at a time of uncertainty for shoe sellers, given the potential of increased import tariffs on goods coming from China, which could take effect next month.
Foot Locker misfired on three fronts Friday, reporting financial results that fell short of expectations in terms of revenue, earnings, and growth in sales at stores open at least a year.
The shoe retailer also cut its outlook for the year. Foot Locker now expects full-year earnings per share to be up by high-single digits, a more reserved outlook than the double digit increase it had forecast earlier. Wall Street may be particularly sensitive to any weakness from companies like Foot Locker in light of escalating trade tensions with China.
U.S. stocks posted broad-based gains on Friday, ahead of a long weekend, as sentiment was buoyed by optimistic comments by President Donald Trump that the protracted trade war with China could soon end. Trump said on Thursday that Huawei Technologies Co Ltd could be included in the trade deal.
Shares of Foot Locker plummeted as the company missed Wall Street profit and revenue estimates. The retailer is under pressure as shoe companies, like Nike, have worked to sell directly to customers, bypassing retailers all together. The broader shoe industry is facing its own challenges as President Trump has threatened to levy tariffs on footwear imported from China.
shares slumped to a one-year low Friday after posed weaker-than-expected first quarter earnings, and trimmed its full-year profit guidance, as the prospect of tariffs on China-made goods looms over the sports shoe and apparel industry. Foo Locker said earnings for the three months ending on May 4 came in at $1.52 per share, up 4.8% from the same period last year but well shy of the $1.60 Street consensus forecast. Group revenues, Foot Locker said, rose 2.6% to "2.078 billion and again missed analysts' forecast of a $2.11 billion tally.
Foot Locker (FL) posts lower-than-expected first-quarter results. Management now anticipates high-single digit increase in earnings per share for the fiscal year.
Foot Locker earnings and sales missed Q1 views, while Hibbett Sports earnings easily beat. Foot Locker stock plunged as Nike edged lower. Hibbett Sports stock soared.