Foot Locker Inc. (NYSE: FL) has recently experienced extremely meaningful negative changes in investment behavior: the stock’s recent price decline challenged its longer term uptrend, its shorter term price trend turned down, and negative upside/downside volume developed.
Minor negative changes in fundamentals have recently occurred for Foot Locker Inc. (NYSE: FL). Negative developments: the consensus estimate for January, 2024 decreased significantly, and the consensus estimate for January, 2025 decreased significantly. Positive development: significant quarterly earnings acceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of A. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, FL is expected to continue to be a Value Builder.
Foot Locker has a current Value Trend Rating of A (Highest Rating). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Foot Locker has a good Appreciation Score of 78 and a very high Power Rating of 89, leading to the Highest Value Trend Rating.
Recent Price Action
Foot Locker Inc. (NYSE: FL) stock closed at $24.15 on 3/11/24 after a slight decline of -0.2%. Trading volume in this decline was normal. The stock has been exceptionally strong relative to the market over the last nine months but has declined -30.2% during the last week.
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