Foot Locker Inc. (NYSE: FL) has reported a loss for its second fiscal quarter (ending July 31) of $-0.13 versus a loss $-0.05 for the same period a year ago. For the latest four quarters through July 31, E.P.S. were $-3.87 compared to $1.60 a year ago.
Recent Price Action
On 8/28/24, Foot Locker Inc. (NYSE: FL) stock suffered a major decline of -10.2%, closing at $29.45. Moreover, trading volume in this decline was exceptionally high at 456% of normal. The stock has declined -9.7% during the last week and has been weak 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 C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. Foot Locker has a slightly positive Appreciation Score of 69 but a slightly negative Power Rating of 32, triggering the Neutral Value Trend Rating.
Rating Review
In light of this new information and highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
Be the first to comment