Foot Locker (FL) PT, Estimates Lifted at Sterne Agee
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Piper Jaffray Downgrades Foot Locker (FL) to Neutral
August 25, 2014 6:46 AM EDTPiper Jaffray downgraded Foot Locker (NYSE: FL) from Overweight to Neutral with a price target of $57.00 (from $54.00), citing valuation, peak margins and 2-year comp deceleration. Despite a stronger than expected quarter, the firm now sees risk/reward as balanced.
Sean Naughton said,... More
Foot Locker, Inc. (FL) Tops Q2 EPS Expectations; Comps Rose 7%
August 22, 2014 7:01 AM EDTFoot Locker, Inc. (NYSE: FL) reported Q2 adjusted EPS of $0.64, versus the analyst estimate of $0.54. Revenue for the quarter came in at $1.64 billion versus the consensus estimate of $1.57 billion.
Second quarter comparable-store sales increased 7.0 percent.
As of August 2, 2014, the Company's merchandise inventory... More
