Foot Locker Retail, Inc. (FL) is an American sportswear and footwear retailer, with its headquarters in Midtown Manhattan, New York City, and operating in approximately 20 countries worldwide. Although established in 1974, and founded as a separate company in 1988, Foot Locker is a successor corporation to the F. W. Woolworth Company (“Woolworth’s”), as many of its freestanding stores were former Woolworth's locations. The company operates the eponymous “Foot Locker” chain of athletic footwear retail outlets (along with “Kids Foot Locker” and “Lady Foot Locker” stores), and other athletic-based divisions including Champs Sports, Footaction USA, CCS, House Of Hoops, and Eastbay/Footlocker.com, which owns the rights to Final Score. The company is also famous for its employees' uniforms at its flagship Foot Locker chain, resembling those of referees. According to the company's filings with the SEC, as of January 28, 2006, Foot Locker, Inc. had 3,921 primarily mall-based stores in the United States, Canada, Europe (including the United Kingdom), and Asia Pacific (including Australia and New Zealand).
Reported before open today (5/20/16) Earnings: EPS $1.39 Revenue $1.99B Estimates: EPS $1.39 Revenue $2B Down 5.12% pre-market
Reported before open today (11/18/16): Earnings: EPS $1.13 Revenue $1.89B Estimates: EPS $1.10 Revenue $1.89B Down 1.40% pre-market so far
Analyst Upgrade/Downgrade Update Brokerage firm: Piper Jaffray Change: Downgrade Previous Rating: Overweight Current Rating: Neutral Previous Price Target: N/A Current Price Target: N/A
Shares of Foot Locker ($FL) are likely to come under pressure after the athletic apparel and footwear retailer reported first quarter results that came in below analyst estimates.
I think FL will beat estimates and the share price will rally on Friday. I am impatient to passionately watch Friday's short squeeze!
Major numbers all declined, but they are ahead of Street's expectations. Unbelievable spike for FL today
I analyzed this company on a fundamental basis and I believe it is a value trap. I have decided not to invest due to a plethora of risks.
Price target increased from $40 to $54 by Cowen About to be a bullish crossover of the MA's. I could see this bouncing off those as support, and there's room to run up to $60...
There is definitely a shift in momentum here to the upside since the Nov earnings. Anybody eyeing that gap above $60?
