72.04 -0.21 (-0.29%)
After hours: 4:51PM EDT
|Bid||0.00 x 1800|
|Ask||0.00 x 1000|
|Day's Range||71.63 - 73.49|
|52 Week Range||50.35 - 73.49|
|PE Ratio (TTM)||31.26|
|Earnings Date||Jun 27, 2018 - Jul 2, 2018|
|Forward Dividend & Yield||0.80 (1.19%)|
|1y Target Est||71.60|
Foot Locker is the spot to find all the cool shoes, says footwear and apparel analyst Sam Poser. Poser says the company is turning around because of its ability to tell consumers what's cool. Foot Locker FL knows which shoes are cool, and this might be why the stock rallied on Friday, Susquehanna Financial Group SQCF footwear and apparel analyst Sam Poser told CNBC.
Amid better than expected results from Foot Locker, TheStreet's founder and Action Alerts PLUS Portfolio Manager Jim Cramer thinks Nike and Under Armour are buys.
Foot Locker Inc. has made some progress in stomping out its problems. In a press release, CEO Richard Johnson said he expected that measure to return to growth later in the year. Johnson indicated that part of the reason for the better-than-expected performance was that Foot Locker was able to secure a better line-up of premium sneaker styles from some key suppliers.
A gain of 33.53% in 2018 for shares of Lululemon Athletica Inc. ( LULU) likely couldn't have happened without strong institutional support. LULU's shares have been performing very well this year alongside other apparel names, with Nike, Inc. ( NKE) up 14.03% year to date (YTD) and Under Armour, Inc. ( UA) up 31.64% YTD. In our opinion, this performance supports a bullish undertone for the sector and thus for Lululemon stock. With athleisure growing in popularity, Lululemon is a key beneficiary of that growth.
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Yahoo Finance's Alexis Christoforous and Jared Blikre break down the latest market action after Foot Locker reports a big beat on Q1 net income and revenue.