FL Stock Summary and Trading Ideas (Foot Locker | NYSE:FL)

Foot Locker Inc operates thousands of retail stores throughout the United States, Canada, Europe, Asia, Australia, and New Zealand. It also has a presence in the Middle East. The company mainly sells athletically inspired shoes and apparel. Foot Locker's merchandise comes from only a few suppliers, with Nike providing the majority. Its portfolio of brands, includes Foot Locker, Kids Foot Locker, Champs Sports, WSS, and atmos. The company has omnichannel capabilities to bridge the digital world and physical stores, including order-in-store, buy online and pickup-in-store, and buy online and ship-from-store, as well as e-commerce. It has three operating segments, North America, EMEA, and Asia Pacific.

Foot Locker trades on the NYSE stock market under the symbol FL.

As of April 18, 2024, FL stock price declined to $21.61 with 1,877,072 million shares trading.

FL has a beta of 2.27, meaning it tends to be more sensitive to market movements. FL has a correlation of 0.10 to the broad based SPY ETF.

FL has a market cap of $2.04 billion. This is considered a Mid Cap stock.

Last quarter Foot Locker reported $2 billion in Revenue and $.38 earnings per share. This beat revenue expectation by $100 million and exceeded earnings estimates by $.06.

In the last 3 years, FL stock traded as high as $66.71 and as low as $14.84.

The top ETF exchange traded funds that FL belongs to (by Net Assets): IJR, VTI, VB, VBR, IWM.

FL has underperformed the market in the last year with a price return of -44.7% while the SPY ETF gained +22.3%. FL has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -21.5% and -14.7%, respectively, while the SPY returned +6.1% and -3.8%, respectively.

FL support price is $20.96 and resistance is $22.34 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that FL stock will trade within this expected range on the day.