Foot Locker Erupts 25% After Earnings, Earns Analyst Upgrades as New CEO is a 'Huge Positive'

UPDATE: Citi Upgrades Foot Locker (FL) to Neutral

(Updated - August 19, 2022 8:42 AM EDT)

Citi analyst Paul Lejuez upgraded Foot Locker (NYSE: FL) from Sell to Neutral with a price target of $38.00 (from $25.00).

The analyst comments "We are upgrading FL from Sell to Neutral and raising our TP from $25 to $38... More

BofA Securities Upgrades Foot Locker (FL) to Neutral

BofA Securities analyst Lorraine Hutchinson upgraded Foot Locker (NYSE: FL) from Underperform to Neutral with a price target of $43.00 (from $28.00).

For an analyst ratings summary and ratings history on Foot Locker click here. For more ratings news on Foot Locker click here.

Shares of Foot Locker closed at $31.98 yesterday.

Foot Locker (FL) Hiring Mary Dillon as CEO is a 'Huge Positive' - Quo Vadis Capital

Mary Dillon as CEO at Foot Locker (NYSE: FL) is "a huge positive", Quo Vadis Capital analyst John Zolidis said.

He added, "Ms Dillion achieved huge success at Ulta Beauty and her retirement came as ULTA's growth story was slowing and... More

Foot Locker (FL) and Fanatics Expand Licensed Sports Product Offering for Fans

Foot Locker, Inc. (NYSE: FL) announce a new long-term connected inventory partnership that will significantly broaden the officially-licensed fan gear and merchandise assortment available online to Foot Locker shoppers. Through this new deal, Foot Locker will continue to power the front-end online and mobile customer experience across its portfolio of e-commerce brands, while orders will be fulfilled by Fanatics.

"We are excited to partner with Fanatics as we continue to... More

Foot Locker appoints former Ulta Beauty head Mary Dillon as CEO

(Reuters) -Foot Locker Inc said on Friday it had appointed former Ulta Beauty (NASDAQ: ULTA) head Mary Dillon as its chief executive officer, replacing Richard Johnson.

Shares of the footwear retailer rose about 19% before the bell, as it also reported a smaller-than-expected drop in comparable sales for the... More

Foot Locker (FL) Announces Richard A. Johnson To Retire As Chairman And Ceo; Mary N. Dillon Appointed As Ceo, Effective September 1

Foot Locker, Inc. (NYSE: FL) ("Foot Locker" or "the Company"), the New York-based specialty athletic retailer, today announced that, as part of a planned succession process, Richard A. Johnson will retire as President and Chief Executive Officer, effective September 1, 2022. Mary N. Dillon, former Executive Chair and CEO of Ulta Beauty, Inc., has been appointed President and Chief Executive Officer and a member of the Foot Locker Board, also effective September 1, 2022.

Johnson will continue as Executive Chairman of the Board through January 31, 2023, and will step down from the Board at that time,... More

Foot Locker (FL) Tops Q2 EPS by 25c; Lowers Guidance

Foot Locker (NYSE: FL) reported Q2 EPS of $1.10, $0.25 better than the analyst estimate of $0.85. Revenue for the quarter came in at $2.07 billion versus the consensus estimate of $2.08 billion.

GUIDANCE:

Expect to achieve the lower end of original earnings... More