-85% p.a.
bt_headshoulder_aapl_returnopt
Introduction to our strategy no description yet Quick Summary Metric Value Return % p.a. -85 Days active 427 …
tickers: FL
source: Benzinga
tickers affected by this
| ticker | polarity | why? |
|---|---|---|
| FL | positively | The ticker FL may be positively affected in the long term due to the company’s efforts to modernize stores and its strong brand presence in the athletic footwear market, which could drive future growth despite current headwinds. Additionally, the company’s ability to exceed fiscal Q4 sales and earnings expectations, despite the challenging macroeconomic environment, indicates underlying strength that could lead to a positive outlook for investors. |
our strategies and bots using these tickers
None so far…
summary
Foot Locker Shares Drop Despite Strong Q4 Earnings Shares of Foot Locker Inc (FL) were trading lower in early Thursday trading despite the company reporting healthy fourth-quarter earnings. The downgrade comes as the retailer announced disappointing guidance for the current fiscal year, along with a softer sales trend so far this quarter. Analyst Insights Divide Post- Earnings Report Telsey Advisory Group maintained a ‘Market Perform’ rating on Foot Locker but lowered the price target from $24 to $20, citing lower sales and operating margins, as well as delays in technology projects. “While modernizing stores is the right way to go, the company’s progress toward the 2028 operating margin target of 8.5%–9.0% ‘keeps getting pushed out,’" said Cristina Fernández. Meanwhile, Needham & Company reaffirmed its ‘Buy’ rating and a $24 price target. Needham Analyst Tom Nikic noted that fiscal Q4 sales and earnings had exceeded expectations, with rising costs from declining sales per square foot a concern. Foot Locker’s Soft Sales Trends Are Noted In Q1. The Company reported that although comparable sales grew 2.6% in the fourth quarter, in-line with guidance, the trend has been weaker in the start of the new fiscal year. Management noted increasing macroeconomic uncertainty with a reduced sales forecast for the year. The need to reframe growth goals to accommodate the changing environment within the fiscal year puts Foot Locker on a downward trajectory in the eyes of investors. Numbers reported by the company reflect good fourth-quarter sales and management missed earnings projections for the fiscal year. Foot Locker offers a variety of sneaker and athletic products with about 2,500 points of distribution in 27 countries.
