Extremely important positive changes in investment behavior have recently occurred for Foot Locker Inc. (NYSE: FL): the stock’s recent price rise disrupted its longer term downtrend, and its longer term price trend turned up.
Foot Locker Inc. (NYSE: FL). Important positive changes in fundamentals have recently occurred: significant quarterly earnings acceleration occurred, and the stock’s power rating rose above 70.
In light of these very positive signals we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
FL is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Foot Locker has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Foot Locker has a good Appreciation Score of 80 and a very high Power Rating of 87, producing the Highest Value Trend Rating.
Recent Price Action
Foot Locker Inc. (NYSE: FL) stock declined modestly by -1.9% on 2/28/24. The stock closed at $34.10. This decline was accompanied by normal trading volume. The stock has been exceptionally strong relative to the market over the last nine months and has risen 4.8% during the last week.
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