Foot Locker, Inc. Reports 2016 Second Quarter Results
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Brean Capital Raises Price Target on Foot Locker (FL) to $77 Following 2Q
August 22, 2016 10:00 AM EDTBrean Capital reiterated a Buy rating on Foot Locker (NYSE: FL), and raised the price target to $77.00 (from $68.00), following the company's 2Q earnings report. FL reported comp growth of +4.7%, better than the consensus of +3.8%. EPS beat of $0.94 vs. consensus estimates of $0.90.
Analyst Eric Tracy commented, "We... More
Foot Locker (FL) Tops Q2 EPS by 4c; GM Widened 4 bps
August 19, 2016 6:49 AM EDTFoot Locker (NYSE: FL) reported Q2 EPS of $0.94, $0.04 better than the analyst estimate of $0.90. Revenue for the quarter came in at $1.78 billion versus the consensus estimate of $1.76 billion.
Second quarter comparable-store sales increased 4.7 percent.
The Company's gross margin rate improved to 33.0... More
