Foot Locker Inc. (NYSE: FL). Extremely significant positive changes in investment behavior have recently occurred: the stock’s recent price rise disrupted its longer term downtrend, its longer term price trend turned up, and its shorter term price trend turned up.
Small positive changes in Foot Locker Inc. (NYSE: FL) fundamentals have recently occurred: significant quarterly earnings acceleration occurred.
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’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 67 and a good Appreciation Score of 75, and the Highest Value Trend Rating results.
Recent Price Action
Foot Locker Inc. (NYSE: FL) stock closed at $27.73 on 5/31/24 after a very large increase of 7.1%. Moreover, unusually high trading volume at 183% of normal accompanied the advance. The stock has risen 21.5% during the last week and has been strong relative to the market over the last nine months.
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