The Nasdaq Composite dropped by over 300 points on Thursday. Investors, meanwhile, focused on some notable insider trades. When insiders sell shares, it indicates their concern in the company’s prospects or that they view the stock as being overpriced. Either way, this signals an opportunity to go short on the stock. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision. Below is a look at a few recent notable insider sales. For more, check out Benzinga''s insider transactions platform. Foot Locker The Trade: Foot Locker, Inc. (NYSE: FL ) 10% owner Daniel Kretinsky … Full story available on Benzinga.com
The retail sector is reacting to a disappointing read on margins from Nike (NKE) due to the athletic apparel giant''s efforts to clear excess in inventory. Read more,
The Dow Jones dropped by around 500 points on Friday. Investors, meanwhile, focused on some notable insider trades. When insiders sell shares, it indicates their concern in the company’s prospects or that they view the stock as being overpriced. Either way, this signals an opportunity to go short on the stock. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision. Below is a look at a few recent notable insider sales. For more, check out Benzinga''s insider transactions platform. Moderna The Trade: Moderna, Inc. (NASDAQ: MRNA ) Director Noubar B. Afeyan … Full story available on Benzinga.com
A share of Foot Locker Inc. (NYSE:FL) closed at $37.58 per share on Wednesday, down from $37.74 day before. While Foot Locker Inc. has underperformed by -0.42%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, FL fell by -24.54%, with highs and lows ranging from $57.76 […]
Foot Locker found using ticker (FL) now have 18 analysts in total covering the stock. The consensus rating is ''Hold''. The target price ranges between 47 and 29 calculating the mean target price we have 38.33. Given that the stocks previous close was at 39.4 this indicates there is a potential downside of -2.7%. The 50 day MA is 32.35 while the 200 day moving average is 34.25. The market cap for the company is $3,676m. Find out more information at: https://www.footlocker-inc.com [stock_market_widget type="chart" template="basic" color="green" assets="FL" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $3,576m based on the market concensus. Foot Locker, through its subsidiaries, operates as an athletic footwear and apparel retailer. The company engages in the retail of athletic footwear, apparel, accessories, equipment, and team licensed merchandise under the Foot Locker, Lady Foot Locker, Kids Foot Locker, Champs Sports, Eastbay, atmos, WSS, Footaction, and Sidestep brand names.
Foot Locker shows rising price performance, earning an upgrade to its IBD Relative Strength Rating.
A share of Foot Locker Inc. (NYSE:FL) closed at $37.55 per share on Wednesday, down from $37.57 day before. While Foot Locker Inc. has underperformed by -0.05%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, FL fell by -24.52%, with highs and lows ranging from $57.76 […]
Foot Locker experienced growth in foot traffic but was unable to translate it into more sales. Read why FL stock is a good short candidate at this time.
There is little room for Foot Locker stock to grow and more volatility in the company''s strategy at least before 2023. Click here to read more on the FL stock.
As of Tuesday, Foot Locker Inc.’s (NYSE:FL) stock closed at $36.36, down from $36.90 the previous day. While Foot Locker Inc. has underperformed by -1.46%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, FL fell by -34.97%, with highs and lows ranging from $58.19 to $23.85, […]
Some industry insiders said she was a top candidate to replace interim leader Howard Schultz as the coffee giant''s permanent CEO.
Foot Locker found using ticker (FL) have now 19 analysts covering the stock with the consensus suggesting a rating of ''Hold''. The range between the high target price and low target price is between 47 and 29 with a mean TP of 38.21. With the stocks previous close at 36.9 this indicates there is a potential upside of 3.6%. There is a 50 day moving average of 29.36 and the 200 day moving average is 35.2. The market cap for the company is $3,436m. Company Website: https://www.footlocker-inc.com [stock_market_widget type="chart" template="basic" color="green" assets="FL" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $3,558m based on the market concensus. Foot Locker, through its subsidiaries, operates as an athletic footwear and apparel retailer. The company engages in the retail of athletic footwear, apparel, accessories, equipment, and team licensed merchandise under the Foot Locker, Lady Foot Locker, Kids Foot Locker, Champs Sports, Eastbay, atmos, WSS, Footaction, and Sidestep brand names.
A broker is seeking buyers for the building between Adams Street and Jackson Boulevard, which has been vacant since Foot Locker closed its store there in 2020.
Mirae Asset Global Investments Co. Ltd. lessened its position in Foot Locker, Inc. by 4.5% in the 1st quarter, Holdings Channel.com reports. The fund owned 32,865 shares of the…
As the retailer seeks to change direction, it isn''t expecting a quick rebound ahead.
The former CEO of Ulta Beauty will now try to work her magic at Foot Locker.
An economic recession is looking increasingly likely and it’s time to look around for stocks to sell. A majority of economists (72%) polled by the National Association of Business Economics say they expect the U.S. to enter a recession by the middle of next year. By some measures, the U.S. is already in a recession , popularly defined as two consecutive quarters of negative economic growth. This is bad news for consumers and businesses. Consumers, who are already feeling the impact of inflation that is running at 8.5% and higher interest rates used to dampen it are likely to batten down the hatches should the economy turn negative and companies begin mass layoffs. There are already signs that consumers are beginning to roll over. According to the U.S. Commerce Department, consumer spending rose a tepid 0.1% in June after falling 0.3% in May. Should things worsen on the consumer front, it could spell bad news for the economy overall, and also for certain stocks that are reliant on robust consumer spending to keep their share prices elevated.
Foot Locker with ticker code (FL) now have 19 analysts covering the stock. The analyst consensus points to a rating of ''Hold''. The range between the high target price and low target price is between 47 and 29 with a mean TP of 37.89. Given that the stocks previous close was at 36.86 this indicates there is a potential upside of 2.8%. There is a 50 day moving average of 28.49 while the 200 day moving average is 35.62. The market capitalisation for the company is $3,473m. You can visit the company''s website by visiting: https://www.footlocker-inc.com [stock_market_widget type="chart" template="basic" color="green" assets="FL" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $3,570m based on the market concensus. Foot Locker, through its subsidiaries, operates as an athletic footwear and apparel retailer. The company engages in the retail of athletic footwear, apparel, accessories, equipment, and team licensed merchandise under the Foot Locker, Lady Foot Locker, Kids Foot Locker, Champs Sports, Eastbay, atmos, WSS, Footaction, and Sidestep brand names.
Tuesday’s top analyst upgrades and downgrades included Boeing, Boston Scientific, ChargePoint, Deere, Foot Locker, Horizon Therapeutics, Nu, Ross Stores, Salesforce, United Parcel Service, VF, Vipshop and Walmart.
Shares of Foot Locker, Inc. (NYSE: FL ) climbed on Friday, after the company reported better-than-expected earnings for the second quarter and announced that former CEO of Ulta Beauty Inc (NASDAQ: ULTA ) Mary N. Dillon will replace its current CEO, effective September 1, 2022. Guggenheim Securities On Foot Locker Analyst Robert Drbul reiterated a Buy rating, while raising the price target from $36 to $43. “Foot Locker reported 2Q22 adjusted EPS of $1.10, significantly above our estimate of $0.65,” Drbul said in a note. “We are excited for the future of Foot Locker as we believe the new CEO Ms. Dillon brings extensive retail industry expertise and has everything it takes to continue to push the … Full story available on Benzinga.com
Monday’s top analyst upgrades and downgrades included Applied Materials, Autodesk, BJ''s Wholesale Club, Bluebird Bio, Domino’s Pizza, eBay, Foot Locker, Kohl''s, Nasdaq, Salesforce, Snowflake, Southern, Teradyne, UDR and ZTO Express.
Gainers GigaCloud Technology Inc (NASDAQ: GCT ) shares jumped 206% to close at $48.01 on Friday on continued volatility following the company''s IPO on Thursday. Aeglea BioTherapeutics, Inc. (NASDAQ: AGLE ) shares gained 80.2% to close at $0.91 after the company announced a marketing authorization application for pegzilarginase for the treatment of Arginase 1 deficiency has been submitted to and successfully validated by the European Medicines Agency. Social Capital Suvretta Holdings Corp. I (NASDAQ: DNAA ) jumped 48.3% to settle at $14.07 following the completion of the SPAC merger with Akili. Axsome Therapeutics, Inc. (NASDAQ: AXSM ) rose 40.4% to close at $59.55 after the company announced the U.S. FDA has approved Auvelity for the treatment of major depressive disorder in adults. Lottery.com Inc. (NASDAQ: LTRY ) gained 31.8% to settle at $0.48. Volcon, Inc. (NASDAQ: VLCN ) rose 31.5% to settle at $2.42 after the company announced it has received over $100 million of pre-production orders for the Stag.
In the absence of important statistics, investors are looking at quarterly reports and other corporate news, as well as statements from Fed officials. The value of the Dow Jones Industrial Average by 16:54 GMT+3 fell by 0.71% - to 33758.39 points. Among the leaders of the decline in the index are the shares of Boeing Co., Walt Disney Co. and Salesforce Inc., depreciating more than 2%. Merck & Co. papers are the growth leader, rising in price by 1%. Standard & Poor''s 500 has fallen 1.03% since the market opened to 4239.44 points. The Nasdaq Composite fell 1.58% to 12,760.13 points. Shares of Deere & Co. fell by 2.9% after the world''s largest manufacturer of agricultural machinery and equipment reported a net profit growth in the 3rd financial quarter, weaker than market expectations and worsened its full-year forecast. Quotes from US sportswear and footwear retailer Foot Locker Inc. soared by 22%. The company published a strong statement for the past financial quarter and announced the resignation of the chief executive officer.
In this article, we will take a look at the top 10 gainers on Friday. If you want to check out some more stocks trading higher today, go directly to Top 5 Gainers on Friday. Sportswear retailer Foot Locker, Inc. (NYSE:FL), entertainment conglomerate Warner Bros. Discovery, Inc. (NASDAQ:WBD) and automaker General Motors Company (NYSE:GM) were […]
Stocks that traded heavily or had substantial price changes Friday: Wayfair, Ross Stores fall; General Motors, Foot Locker rise
Tech stocks led the broader market lower Friday, as government-bond yields spiked after a pair of Federal Reserve officials weighed in on rate hikes. The 10-year Treasury yield jumped as high as 2.998% – its loftiest level since late July – before ending up 9.4 basis points at 2.974%. (A basis point is one-one hundredth of a percentage point.) SEE MORE The 21 Top S&P 500 Stocks Since the Bear-Market Bottom This came after St. Louis Fed President James Bullard – a current voting member of the Federal Open Market Committee (FOMC) – said in an interview with The Wall Street Journal Thursday that he "would lean toward [raising rates] the 75 basis points" at the central bank''s September meeting. "I think we''ve got relatively good reads on the economy, and we''ve got very high inflation, so I think it would make sense to continue to get the policy rate higher and into restrictive territory," Bullard added. And this morning, Richmond Fed President Thomas Barkin said at an event in Maryland that the central bank "will do what it takes" to get inflation back down to its 2% target.
(Friday Market Open) Equity index futures headed lower before the open as investors consider this week’s competing Fed messages about how high September’s rate hike could go. It’s also a big options expiration day, so be prepared for possible turbulence before the close. Potential Market Movers The last big earnings stories of the week featured one big hit and a miss. Foot Locker (FL) rocketed 23.67% before the bell on an earnings beat and news that former Ulta Beauty (ULTA) CEO Mary Dillon will become FL’s new CEO on September 1. Deere (DE) was off 3.56% premarket after cutting its full-year forecast; the company reported below-estimate earnings for the quarter on above-consensus revenues. Shares of fashion retailer Buckle (BKE) were up 4.59% premarket in anticipation of its earnings announcement later in the day. As summer winds down, there’s still a month to go until the next Federal Open Market Committee (FOMC) meeting and rate decision, with plenty of conjecture to come until it’s clear how big the almost-certain rate hike will be.
Source: shutterstock.com/philip openshaw Struggling sportswear and footwear retailer Foot Locker (NYSE: FL ) may have just received a lifeline. Reportedly, the company is naming retail industry veteran Mary Dillon as CEO. Adding to the enthusiasm, Foot Locker also beat earnings estimates for the fiscal second quarter. Now, FL stock is climbing higher by 20%. Perhaps best known for helming personal care and beauty specialist Ulta Beauty (NASDAQ: ULTA ), Dillon will replace Richard Johnson in the executive role. According to Bloomberg , Dillon will also become a member of the company’s board. Both of these appointments will become active on Sept. 1. Evercore ISI analyst Warren Cheng and others see this appointment as a big positive for FL stock. Cheng characterized Dillon as one of Wall Street’s “beloved” figures. Her joining Foot Locker symbolizes a “huge win” for the company. This executive change isn’t the only upside catalyst for shares. In Q2, Foot Locker also reported adjusted earnings per share (EPS) of $1.10 .
Friday''s additional top analyst upgrades and downgrades were on Applied Materials, Dick’s Sporting Goods, Foot Locker, HP, Meta Platforms, Occidental Petroleum and more.
Foot Locker (FL) is scheduled to announce Q2 earnings results on Friday, August 19th, before market open.The consensus EPS Estimate is $0.81 (-63.3% Y/Y) and the consensus Revenue Estimate…
After U.S. markets close Thursday or before they reopen on Friday, these four companies will report quarterly results.
Foot Locker with ticker code (FL) have now 19 analysts in total covering the stock. The consensus rating is ''Hold''. The range between the high target price and low target price is between 43 and 20 calculating the mean target price we have 30.32. With the stocks previous close at 31.43 this is indicating there is a potential downside of -3.5%. The 50 day MA is 28.13 and the 200 moving average now moves to 35.98. The company has a market capitalisation of $3,065m. Find out more information at: https://www.footlocker-inc.com [stock_market_widget type="chart" template="basic" color="green" assets="FL" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $2,957m based on the market concensus. Foot Locker, through its subsidiaries, operates as an athletic footwear and apparel retailer. The company engages in the retail of athletic footwear, apparel, accessories, equipment, and team licensed merchandise under the Foot Locker, Lady Foot Locker, Kids Foot Locker, Champs Sports, Eastbay, atmos, WSS, Footaction, and Sidestep brand names.
https://www.investing.com/news/pro/foot-locker-august-3250-straddle-priced-for-a-move-of-12-into-quarter-results-432SI-2874462
https://www.investing.com/news/pro/foot-locker-pt-lowered-to-31-at-deutsche-bank-432SI-2873419
Foot Locker, Inc. (FL) declares $0.40/share quarterly dividend, in line with previous.Forward yield 5.09%.Payable Oct. 28; for shareholders of record Oct. 14; ex-div Oct. 13.See FL…
https://www.investing.com/news/pro/foot-locker-pt-lowered-to-43-at-jefferies-432SI-2872528
https://www.investing.com/news/pro/foot-locker-option-iv-elevated-into-quarter-results-and-outlook-432SI-2872246
Welcome to Seeking Alpha''s Catalyst Watch - a breakdown of some of next week''s actionable events that stand out. Read more about the events that may impact stock prices next week.
Retail stocks could have a busy few days as earnings season is in full swing. Next week we’ll get quarterly prints from a series of leading retailers. Taken together, the results should provide strong indications of the state of the U.S. economy and consumer spending. As inflation remains high and interest rates used to combat it continue to rise these retail stocks could be canaries in coal mines. So far, earnings for the second quarter that ran from April through June have been better than expected. FactSet reports that, with 87% of S&P 500 companies having already issued Q2 prints, 75% announced better than expected earnings per share, and 70% reported more revenue than Wall Street had anticipated. Retailers are expected to bring in difficult numbers for the second quarter though as they directly feel the impact of inflation and any slowdown in consumer spending. Analysts and investors will be watching closely for signs of resilience and continued spending on the part of consumers.
Foot Locker found using ticker (FL) have now 19 analysts covering the stock. The analyst consensus points to a rating of ''Hold''. The range between the high target price and low target price is between 50 and 20 calculating the mean target price we have 30.68. Given that the stocks previous close was at 29.86 this indicates there is a potential upside of 2.7%. The day 50 moving average is 28.29 and the 200 moving average now moves to 36.4. The company has a market cap of $2,747m. Find out more information at: https://www.footlocker-inc.com [stock_market_widget type="chart" template="basic" color="green" assets="FL" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $2,823m based on the market concensus. Foot Locker, through its subsidiaries, operates as an athletic footwear and apparel retailer. The company engages in the retail of athletic footwear, apparel, accessories, equipment, and team licensed merchandise under the Foot Locker, Lady Foot Locker, Kids Foot Locker, Champs Sports, Eastbay, atmos, WSS, Footaction, and Sidestep brand names.
Foot Locker with ticker code (FL) have now 19 analysts covering the stock with the consensus suggesting a rating of ''Hold''. The range between the high target price and low target price is between 50 and 20 calculating the mean target price we have 30.74. Given that the stocks previous close was at 28.65 this would imply there is a potential upside of 7.3%. The 50 day moving average now sits at 28.55 and the 200 day MA is 36.88. The market capitalisation for the company is $2,640m. Visit the company website at: https://www.footlocker-inc.com [stock_market_widget type="chart" template="basic" color="green" assets="FL" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $2,832m based on the market concensus. Foot Locker, through its subsidiaries, operates as an athletic footwear and apparel retailer. The company engages in the retail of athletic footwear, apparel, accessories, equipment, and team licensed merchandise under the Foot Locker, Lady Foot Locker, Kids Foot Locker, Champs Sports, Eastbay, atmos, WSS, Footaction, and Sidestep brand names.
NEW YORK, Aug. 3, 2022 /PRNewswire/ -- Foot Locker, Inc. (NYSE: FL), the New York-based specialty athletic retailer, plans to report financial results for its second quarter ended July 30, 2022 before the U.S. markets open on Friday, August 19, 2022. A conference call is scheduled for the…
Foot Locker Inc., the sneaker and athletic wear chain, said on Monday that it had made $54 million in investments and charitable contributions to Black-owned businesses and Black philanthropic causes. Read more…
Foot Locker has strong competitive advantages, including a loyal customer base, efficient business model, and well-known brand. Read why FL stock is cheap now.
Foot Locker with ticker code (FL) have now 19 analysts in total covering the stock. The consensus rating is ''Hold''. The range between the high target price and low target price is between 50 and 23 with the average target price sitting at 30.89. Given that the stocks previous close was at 27.23 this indicates there is a potential upside of 13.4%. The day 50 moving average is 28.81 while the 200 day moving average is 37.36. The company has a market cap of $2,490m. Find out more information at: https://www.footlocker-inc.com [stock_market_widget type="chart" template="basic" color="green" assets="FL" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $2,825m based on the market concensus. Foot Locker, through its subsidiaries, operates as an athletic footwear and apparel retailer. The company engages in the retail of athletic footwear, apparel, accessories, equipment, and team licensed merchandise under the Foot Locker, Lady Foot Locker, Kids Foot Locker, Champs Sports, Eastbay, atmos, WSS, Footaction, and Sidestep brand names.
https://www.investing.com/news/pro/foot-locker-pt-lowered-to-20-at-williams-trading-432SI-2852908
Foot Locker with ticker code (FL) now have 19 analysts covering the stock. The analyst consensus points to a rating of ''Hold''. The range between the high target price and low target price is between 50 and 23 and has a mean target at 30.89. With the stocks previous close at 25.72 this now indicates there is a potential upside of 20.1%. The 50 day MA is 28.9 and the 200 day moving average is 37.84. The market capitalisation for the company is $2,546m. Find out more information at: https://www.footlocker-inc.com [stock_market_widget type="chart" template="basic" color="green" assets="FL" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $3,058m based on the market concensus. Foot Locker, through its subsidiaries, operates as an athletic footwear and apparel retailer. The company engages in the retail of athletic footwear, apparel, accessories, equipment, and team licensed merchandise under the Foot Locker, Lady Foot Locker, Kids Foot Locker, Champs Sports, Eastbay, atmos, WSS, Footaction, and Sidestep brand names.
Stock-market bargain hunters are a little like baseball scouts, trying to find talent that other teams have overlooked.
Foot Locker with ticker code (FL) now have 19 analysts in total covering the stock. The consensus rating is ''Hold''. The target price ranges between 50 and 23 with a mean TP of 31.26. With the stocks previous close at 24.84 this now indicates there is a potential upside of 25.8%. The 50 day MA is 29.33 while the 200 day moving average is 38.41. The market cap for the company is $2,372m. Visit the company website at: https://www.footlocker-inc.com [stock_market_widget type="chart" template="basic" color="green" assets="FL" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $2,985m based on the market concensus. Foot Locker, through its subsidiaries, operates as an athletic footwear and apparel retailer. The company engages in the retail of athletic footwear, apparel, accessories, equipment, and team licensed merchandise under the Foot Locker, Lady Foot Locker, Kids Foot Locker, Champs Sports, Eastbay, atmos, WSS, Footaction, and Sidestep brand names.
Foot Locker''s 2021 revenue was off the charts. A slowing U.S. economy may now make selling elevated inventory challenging.