|Bid||44.35 x 1400|
|Ask||44.40 x 1000|
|Day's Range||43.04 - 45.40|
|52 Week Range||43.04 - 68.00|
|Beta (3Y Monthly)||1.12|
|PE Ratio (TTM)||9.28|
|Earnings Date||Aug 22, 2019 - Aug 26, 2019|
|Forward Dividend & Yield||1.52 (2.66%)|
|1y Target Est||70.32|
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.
Wall Street's major stock indexes edged higher on Friday after falling in the previous session, as hopeful comments from U.S. President Donald Trump regarding trade relations with China assuaged concerns among some investors. Trump said late on Thursday that he saw a resolution to the trade war with China "happening fast." He added that Chinese telecom equipment company Huawei Technologies Co Ltd, which the White House has blacklisted, could also be included in a trade deal.
Stocks rebounded modestly 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.
The design software company's first quarter profit and revenue fell short of Wall Street forecasts. The credit card transaction company is in preliminary talks for a deal with Global Payments, according to media reports. The maker of Ugg footwear blew away Wall Street's fiscal fourth quarter profit forecasts.
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.
Stocks rose Friday on low trading volume, as investors took a momentary respite from worries about the U.S.-China trade war, which have dragged down major indexes this week.
Foot Locker Inc. stock plummeted more than 16% in Friday trading after the athletic retailer missed on first-quarter profit and sales and gave a lackluster look forward. Calling the second quarter "just sort of not very exciting," Foot Locker Chief Executive Richard Johnson also said changes to merchandise plans would make the period even more dull. "So, the biggest shift in the second quarter is related to products that we now know are shifting out of the quarter," he said, according to a FactSet transcript. "It's a very normal course of business that we have puts and takes." But analysts at Baird reacted to the "disappointing setback" by removing their "Fresh Pick" rating from Foot Locker stock and cutting the price target to $62 from $77. Still, Baird rates Foot Locker stock outperform. "While highly disappointed by the FQ1 update/outlook, we still think Foot Locker is well positioned to benefit from an improving footwear cycle (especially as a key differentiated partner for Nike) allowing for continued strong comps and improving margin visibility over the next several quarters," the note said. Meanwhile, competing athletic retailer Hibbett Sports Inc. stock soared 22.4% after better-than-expected quarterly results. Hibbett shares have gained 69.5% for the year to date. Foot Locker stock is down 18% for the period. And the S&P 500 index is up 12.8% for 2019 so far.
Shares of the athletic shoes and apparel retailer declined rapidly, marking its third worst drop in history by absolute dollar terms and fifth worst day in percentage loss terms. "FL's model trajectory is back on track with its long-term target model of positive mid-single-digits same store sales and double-digit EPS growth, but elevated digital investments are limiting margin improvement," J.P. Morgan analyst Matthew Boss said. The outlook that a long-term growth story is still years away caused Boss to slash his price target from $65 per share to $51 per share.
U.S. stocks gained on Friday, ahead of a long Memorial day weekend, after U.S. President Donald Trump predicted a swift end to the ongoing trade war with China. The S&P 500 index is on pace to end the week 1% lower, which would make it the third straight week of losses for the benchmark index, as markets worried that the trade war would result in a global economic slowdown.
Retail has not been a fun ride this earnings season. While the company reiterated full-year guidance, it now expects high-single-digit EPS growth based on share repurchase activity. The stock has closed with a move greater than 9% eight of the past nine earnings reports.
Check out the companies making headlines midday Friday:Foot Locker FL — Shares of Foot Locker were down 16% after the shoe retailer reported adjusted quarterly earnings per share that were 7 cents below expectations.
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.
Tesla Inc (NASDAQ: TSLA ) shares dropped 2.5 percent to $190.52. The stock rebounded above $200 on Thursday on news of a purported internal email from Musk on the company's fourth-quarter deliveries. ...
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 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.
Foot Locker tanks after earnings. With CNBC's Scott Wapner and the Fast Money traders, Tim Seymour, Karen Finerman, Steve Grasso and Dan Nathan.
Foot Locker earnings fell short on top and bottom lines, reporting same-store sales that missed expectations. Ines Ferre joins Seana Smith on 'The Ticker' to discuss retailers under pressure as shoe companies feel the impact of U.S.-China trade tensions.