![]() “Through their contributions, we've gained valuable learnings and consumer insights. “I'd like to personally thank and commend the Footaction team for their tireless efforts over the years,” said Johnson. The retailer intends to grow the Champs Sports homefield concept, with extended assortment for men's, women's and kids that will expand to include lifestyle and performance categories. One-third of the top performing Footaction locations will be transformed into new Foot Locker stores, establishing a bolder women's and kids presence as well as new Champs Sports and Kids Foot Locker stores, CEO Dick Johnson said. ![]() The company will close the majority of the remaining Footaction stores as leases expire over the next two years. On the heels of a strong first quarter that beat estimates, the retailer decided to convert approximately one third of its Footaction stores into other existing banner concepts over the course of the year to focus growth on its iconic banners. To read this article on click here.Foot Locker announced it will eliminate its Footaction banner to position its store fleet for the future. #Twitter loot locker freeClick to get this free reportįoot Locker, Inc. #Twitter loot locker downloadWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. You can find more information on all of these metrics, and much more, on. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. This industry currently has a Zacks Industry Rank of 222, which puts it in the bottom 12% of all 250+ industries. The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. ![]() Retail - Apparel and Shoes stocks are, on average, holding a PEG ratio of 1.21 based on yesterday's closing prices. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. ![]() Investors should also note that FL has a PEG ratio of 0.23 right now. Its industry sports an average Forward P/E of 11.15, so we one might conclude that Foot Locker is trading at a discount comparatively. Foot Locker currently has a Zacks Rank of #3 (Hold).ĭigging into valuation, Foot Locker currently has a Forward P/E ratio of 7.27. The Zacks Consensus EPS estimate has moved 0.03% lower within the past month. It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). Our system takes these estimate changes into account and delivers a clear, actionable rating model. We developed the Zacks Rank to capitalize on this phenomenon. Research indicates that these estimate revisions are directly correlated with near-term share price momentum. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability. ![]() These revisions help to show the ever-changing nature of near-term business trends. Investors should also note any recent changes to analyst estimates for Foot Locker. ![]()
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