Brean Capital Cuts Price Target on Foot Locker (FL) as Shares Trade Down Following 1Q Results

UBS Cuts Price Target on Foot Locker (FL) to $69 Following 1Q; Reiterates Buy

UBS maintained a Buy rating on Foot Locker (NYSE: FL), and cut the price target to $69.00 (from $74.00), following the company's 1Q earnings report.

Analyst Michael Binetti commented, "Unfavorable optics around FL's 1Q print were fairly in line with our expectation: 1) softlines industry... More

Foot Locker (FL) Selloff Overdone- Jefferies

Jefferies analyst, Edward Plank, defended Foot Locker (NYSE: FL) and expects fluctuations in results to begin to smooth out in the second quarter.

FL put up solid 1Q results in a tough environment. Granted, growth wasn't what the market has grown used to, and the basketball slowdown and negative QTD comp fueled negative sentiment. But in our view, the stock... More

BB&T Capital Reiterates Buy on Foot Locker (FL) Following 1Q Report

BB&T Capital maintained a Buy rating and $80.00 price target on Foot Locker (NYSE: FL) following the company's 1Q earnings report. FL Reported EPS of $1.39, $0.03 below BB&T estimates, but in line with consensus. Management noted that much of the weakness within basketball was... More

Notable 52-Week Highs and Lows 5/20: (AMAT) (CB) (MZOR) High; (FL) (NWY) (BKE) Low

52-Week High:Applied Materials (Nasdaq: AMAT) $22.77. Applied Materials reported Q2 EPS of $0.34, versus the analyst estimate of $0.32. Revenue for the quarter came in at $2.45 billion versus the consensus estimate of $2.43 billion. The company also said it sees Q3 2016 EPS of $0.46 - $0.50, versus the consensus of $0.36.

Chubb Corp.... More

Pre-Open Stock Movers 05/20: (ORIG) (IOC) (AMAT) Higher; (AXAS) (SCVL) (ROST) (FL) Lower (more...)

Today's Pre-Open Stock Movers:

Ocean Rig UDW (NASDAQ: ORIG) 34.3% HIGHER; reported Q1 EPS of $1.17, $0.45 better than the analyst estimate of $0.72. Revenue for the quarter came in at $508 million versus the consensus estimate of $424.66 million.

InterOil (NYSE: IOC) 31% HIGHER; Oil Search proposes to acquire 100% of InterOil for approximately US$2.2 billion.

Abraxas Petroleum Corporation (Nasdaq: AXAS) 24% LOWER;... More

FBR Affirms Foot Locker (FL) at 'Market Perform'; Q1 Comps Miss, but Profit at Record Levels

FBR affirms Foot Locker (NYSE: FL) at Market Perform with a price target of $71 following Q1 results release earlier Friday.

Analyst Susan Anderson commented today, FL reported adjusted 1Q EPS of $1.39, versus FBR/consensus of $1.41/$1.39. Management noted in the press release... More

Foot Locker (FL) Reports In-Line Q1 EPS; Comps Rose 2.9%

Foot Locker (NYSE: FL) reported Q1 EPS of $1.39, in-line with the analyst estimate of $1.39. Revenue for the quarter came in at $1.99 billion versus the consensus estimate of $2 billion.

First quarter comparable-store sales increased 2.9 percent.

At April 30, 2016, the Company's merchandise inventories were... More

Notable 52-Week Highs and Lows 5/19: (LOW) (AQMS) (BRC) High; (CMCM) (SSI) (FL) Low

52-Week High:Lowe's Companies (NYSE: LOW) $79.91. Lowe's Companies shares adding to gains from Q1 results on Wednesday as UBS boosted its price target on the stock, while Citi also upgraded the stock to Buy today.

Aqua Metals, Inc. (Nasdaq: AQMS) $10.28.... More

Trading Radar for 5/20: Campbell Soup (CPB), Foot Locker (FL), Buckle (BKE), Hibbett Sports (HIBB) Report

The Trading Radar highlights key earnings and economic announcements for the next trading session:

Before Markets Open:
Earnings:

500.com Ltd. (Nasdaq: WBAI) - no Street consensus
Campbell Soup (NYSE: CPB) - consensus EPS... More

Straddle prices for companies reporting financial results

Ross Stores (NASDAQ: ROST) May 55 straddle priced for 7% movement into Q1

Gap (NYSE: GPS) May 55 straddle priced for 5% movement into Q1

Deere (NYSE: DE) May 82.50 straddle priced for 4.5% movement into Q2

Foot Locker (NYSE: FL) May 57.50 straddle priced for 6% movement into Q1

Foot Locker (FL) May call volatility elevated into Q1

Foot Locker (NYSE: FL) May call option implied volatility is at 136, June is at 40; compared to its 52-week range of 18 to 55 into the expected release of Q1 results on May 20.