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Foot Locker (FL-N)
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Foot Locker (FL) has garnered mixed reviews from experts following its recent financial performance. Today, the company reported a strong quarter, with positive signs suggesting that the CEO's turnaround plan is beginning to show results, particularly as major brands like Nike are improving their relationships with retail partners. However, this optimism is met with skepticism, as another expert pointed out that despite a solid prior report, the stock had previously experienced a 10% drop, raising doubts about the CEO's earnings forecast. Some investors are still holding their positions but are reluctant to recommend the stock due to its historical underperformance. The cautionary tale reflects the challenges of corporate turnarounds, with one expert recalling the potential prolonged nature of such efforts, hinting at the risks involved in investing at this stage.
They reported a great quarter two weeks ago, but shares tumbled 10%. The sellers don't believe the CEO's full-year earnings forecast. Is a buying opportunity.
Is holding on, since he bought this early, but won't recommend it. Stock has been a poor performer. Reports Thursday.
In late 2022, he believed too much in a CEO who couldn't turn around an awful company. The CEO had a great track record and warned the turnaround could take a long time. So, he was patient and bought a small position. A big mistake. His mistake. Hubris. A turnaround can take a very long time.
She had great faith in the new CEO whom he interviewed last March and bought a small position. The CEO came with a strong track record. He knew that turning around FL was a giant job, but it was impossible. He blew this call. FL was a flailing mall-based retailer. They reported ugly quarters in May and August, the latter reporting that sales sank 10% YOY and earnings -96% YOY. Lots of excess inventory. Awful. FL also halted their dividend, which is why many bought this stock. He was blinded by the CEO's great track record (and still believes in her), but the company had no chance for a turnaround. He should have known better.
Today it reported same-store sales of -8%, but the beat the street's expected -10%, so shares jumped 16%. The CEO transformed Ulta Beauty from a dog into a success. He expects upgrades tomorrow.
It once looked good: great CEO, fine dividend, but they cut that dividend and shares got hammered. His bad.
Foot Locker(FL-N) Rating
Ranking : 3 out of 5
Bullish - Buy Signals / Votes : 2
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 2
Total Signals / Votes : 4
Foot Locker(FL-N) Frequently Asked Questions
What is Foot Locker stock symbol?
Foot Locker is a OTC stock, trading under the symbol FL-N on the (). It is usually referred to as or FL-N
Is Foot Locker a buy or a sell?
In the last year, 4 stock analysts published opinions about FL-N. 2 analysts recommended to BUY the stock. 2 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Foot Locker.
Is Foot Locker a good investment or a top pick?
Foot Locker was recommended as a Top Pick by on . Read the latest stock experts ratings for Foot Locker.
Why is Foot Locker stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is Foot Locker worth watching?
In the last year, there was no coverage of Foot Locker published on Stockchase.
What is Foot Locker stock price?
On , Foot Locker (FL-N) stock closed at a price of $.
Today, they reported a terrific quarter. The CEO's turnaround plan is taking hold as Nike repairs relations with shoe stores. So are Deckers, New Balance and Adidas. Though shares jumped 5.12% today, FL remains undervalued.