|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||57.42 - 58.74|
|52 Week Range||49.01 - 60.53|
|PE Ratio (TTM)||22.89|
|Dividend & Yield||0.72 (1.20%)|
|1y Target Est||N/A|
FootLocker (FL) is scheduled to report earnings tomorrow morning, and if its 30%-plus drop during the past three months says anything, it's not to expect much. Foot Locker has been hammered as other sporting goods retailers have released disappointing earnings, and Nike (NKE) announced that it would start selling its shoes via Amazon.com (AMZN). Barclays analyst Matthew McClintock and team explain: We believe that much of the pessimism is already baked into the stock at current levels.
Under Armour is not a “turnaround.” The stock momentum is negative, but it is a growth company that has given guidance of 9%-11% revenue growth. Its gross margins are in line with those of its competitors, Nike (NKE) and Adidas. It will likely improve profit margins down the road and from what management said in the most recent conference call, they are making profitability more of a priority.
Apple shares continue to be hot.