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Foot Locker (FL-N)
NYSE:FL
19.25
0.11
(0.54%) 1d
Financials
Technical Analysis
Buy, Sell or Hold?
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Foot Locker has become a subject of scrutiny among various market analysts following its recent financial report. Despite posting a commendable quarter, the stock saw a significant decline of 10% as skepticism looms around the CEO's optimistic full-year earnings forecast. While some investors believe this downturn presents a buying opportunity, others have expressed hesitation, citing the stock's poor performance and the uncertainties surrounding its turnaround. One expert reflects on the past mistake of overconfidence in the CEO's abilities, which leads to concerns about the lengthy nature of potential recovery. Given these mixed reviews, it seems that patience and cautious evaluation are necessary as investors navigate the complex dynamics of this stock.
$26.940
Unknown
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 : 1
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 2
Total Signals / Votes : 3
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, 3 stock analysts published opinions about FL-N. 1 analyst 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 2025-02-12, Foot Locker (FL-N) stock closed at a price of $19.245.
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.