Foot Locker Inc. (NYSE: FL) has reported earnings for its first fiscal quarter (ending April 30) of $0.09 versus $0.39 for the same period a year ago. For the latest four quarters through April 30, E.P.S. were $-3.79 compared to $2.66 a year ago.
Recent Price Action
Foot Locker Inc. (NYSE: FL) stock closed at $25.89 on 5/30/24 after a major increase of 15.0%. Moreover, trading volume in this advance was exceptionally high at 529% of normal. The stock has risen 13.0% during the last week and has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
FL’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a Value Builder.
Foot Locker has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Foot Locker has a slightly positive Power Rating of 70 and a good Appreciation Score of 84, leading to the Highest Value Trend Rating.
Rating Review
In light of this new information and very positive price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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