Foot Locker shares rise after it's upgraded on boost from Nike [MarketWatch]
Foot Locker, Inc. (FL)
Last foot locker, inc. earnings: 2/28 06:45 am
Check Earnings Report
US:NYSE Investor Relations:
footlocker-inc.com/investors.cfm?page=investor-relations
Company Research
Source: MarketWatch
Foot Locker shares rise after it's upgraded on boost from Nike Foot Locker Inc. FL, +4.09% shares are up 2.7% in Monday premarket trading after it was upgraded to outperform from market perform at Wells Fargo on improvements at Nike Inc. NKE, +2.12% Wells Fargo raised its price target to $58 from $50. Analysts attributes Foot Locker's issues over the past 18 months to problems with the Nike brand. Current controversy over its choice of Colin Kaepernick as a spokesperson aside, Wells Fargo highlights merchandise innovations like the Air Max 270, and the diminished headwinds from the Jordan basketball brand and the European marketplace. "As a result, we believe Foot Locker will show accelerating positive comps in 2H (+2% in Q3 and +3% in Q4) and we believe sustained improvement in the Nike assortment can drive 3%-4% comp growth over the subsequent 12-24 months (even if their second largest supplier, Adidas, were to turn negative)," analysts led by Tom Nikic wrote. Foot Locker shar
Show less
Read more
Impact Snapshot
Event Time:
FL
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
FL alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
FL alerts
High impacting Foot Locker, Inc. news events
Weekly update
A roundup of the hottest topics
FL
News
- Exclusive: Daniel Kretinsky explores bid for Royal Mail owner, sources say [Reuters]Reuters
- Favor Delivery Launches 'Texpat Rescue Mission' To Prove They Will Go Above and Beyond…and Around, and Sideways…for Texans [Yahoo! Finance]Yahoo! Finance
- Nike CEO says focus on its own website and stores went too far as it embraces wholesale retailers again [CNBC]CNBC
- Foot Locker Opens New EMEA Headquarters in Utrecht [Yahoo! Finance]Yahoo! Finance
- Foot Locker Says New Loyalty Program Will Drive Sales in North America [Yahoo! Finance]Yahoo! Finance
FL
Earnings
- 3/6/24 - Beat
FL
Sec Filings
- 4/11/24 - Form ARS
- 4/11/24 - Form DEFA14A
- 4/11/24 - Form DEF
- FL's page on the SEC website