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Investor Insights

This summary was created by AI, based on 4 opinions in the last 12 months.

The reviews from different experts suggest that there was initial belief in the CEO's ability to turn around the company, but ultimately, the consensus is that it was a mistake to invest in Foot Locker due to poor financial performance and a lack of potential for a turnaround. The CEO's track record was initially enticing, but the company's struggles were too significant to overcome.

Consensus
Unfavorable
Valuation
Overvalued
DON'T BUY
Foot Locker

Is holding on, since he bought this early, but won't recommend it. Stock has been a poor performer. Reports Thursday.

clothing stores
SELL
Foot Locker

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.

clothing stores
DON'T BUY
Foot Locker
2023 review

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.

clothing stores
BUY
Foot Locker

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.

clothing stores
DON'T BUY
Foot Locker

It once looked good: great CEO, fine dividend, but they cut that dividend and shares got hammered. His bad.

clothing stores
BUY
Foot Locker
She also owns American Eagle Outfitters and Ross in the retail space. Ross is actually up only 1% year to date, but up 40% in the past month. AEO is -40% YTD, up 50% in the last month, and Foot Locker is 15% YTD and 15% past month. The theme for all these--and why should bought them--was that the street punished these stocks so severely, expecting them to lay down and DIE and customers will never spend money again. Well, American consumers are very resilient and continue to spend. Yes, you should be in discount retailing, but this share has already shot up this month. The low-hanging fruit, the time to buy, was last summer--and people missed it. Forget 40% moves, but there will be some movement. She's holding onto Ross and Foot Locker, because there's still upside. Foot Locker remains cheap and still buying back shares. Do your homework in the retail space. Problem is that all the retail ships have risen in recent weeks and we won't see those gains again.
clothing stores
BUY
Foot Locker
It beat earnings and shares are rising today. She bought this in February when they announced horrible earnings, but were planning to buyback half their shares and raise their dividend. There was so much bad news, things could not get worse. They have potential upside. Expectations got some horrible, that it's easy to buy.
clothing stores
DON'T BUY
Foot Locker
It reports Friday. This used to be a crucial indicator of how Nike was doing, but no longer.
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COMMENT
Foot Locker
It reports Friday. He didn't like in their last quarter their manufacturing problems in China. They have a fantastic set up for a mall-based shoe store, so if they can't blow out their next quarter, he doesn't know when they can.
clothing stores
premium

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK
Foot Locker
(A Top Pick Aug 09/21, Down 15.5%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK has triggered its stop at $47.50. We recommend covering the position at this time. We will look for better opportunities elsewhere.
clothing stores
premium

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP PICK
Foot Locker
Stockchase Research Editor: Michael O'Reilly We are again recommending FL as a TOP PICK. It has shown a support base technically and it trades at good value here. Recent earnings of $1.96 per share blew away expectations of $1.09. Online sales have grown over 40% and the company is managing inventory despite pandemic logistical challenges. It trades at 9x earnings compared to peers at 41x and continues to build cash reserves. It pays a dividend backed by a payout ratio under 30% of cash flow. We would buy with a stop loss at $47.50, looking to achieve $70 -- upside over 23%. Yield 1.46% (Analysts’ price target is $70.05)
clothing stores
premium

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK
Foot Locker
(A Top Pick Aug 25/20, Up 92.1%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with FL has triggered its stop at $57. We recommend covering the balance of the position at this time. Combined with the previous recommendation to cover 50% of the position, this results in a net investment return over 55%.
clothing stores
premium

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK
Foot Locker
(A Top Pick Aug 25/20, Up 106%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with FL is progressing well. We recommend trailing up the stop (from $52) to $57. This would all but guarantee a minimum return on investment of 55%, including the previous recommendation to cover 50% of the position.
clothing stores
DON'T BUY
Foot Locker

They report Friday. It's Nike without the China worries, but FL has already rallied.

clothing stores
premium

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK
Foot Locker
(A Top Pick Aug 25/20, Up 89%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with FL is progressing well. We recommend trailing up the stop (from $38) to $52. This would all but guarantee a minimum return on investment of 46%, including the previous recommendation to cover 50% of the position.
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Showing 1 to 15 of 31 entries

Foot Locker(FL-N) Rating

Ranking : 3 out of 5

Bullish - Buy Signals / Votes : 1

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 4

Total Signals / Votes : 5

Stockchase rating for Foot Locker is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Foot Locker(FL-N) Frequently Asked Questions

What is Foot Locker stock symbol?

Foot Locker is a American stock, trading under the symbol FL-N on the New York Stock Exchange (FL). It is usually referred to as NYSE:FL or FL-N

Is Foot Locker a buy or a sell?

In the last year, 5 stock analysts published opinions about FL-N. 1 analyst recommended to BUY the stock. 4 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 2024-05-24, Foot Locker (FL-N) stock closed at a price of $22.07.