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HomeBusinessFoot Locker (NYSE:FL) Faces Potential Price Decrease and Upcoming Earnings Report

Foot Locker (NYSE:FL) Faces Potential Price Decrease and Upcoming Earnings Report

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Foot Locker (NYSE:FL) has a price target set at $21 by Sam Poser from Williams Trading, suggesting a potential decrease of about -17.11%.
The company is expected to report a year-over-year increase in earnings for the quarter ending October 2024, with anticipated quarterly earnings of $0.39 per share.
FL’s stock price has shown volatility, with a year-high of $35.60 and a low of $20.47.

Foot Locker (NYSE:FL) is a globally recognized retailer specializing in athletic footwear and apparel, featuring products from major brands like Nike and Adidas. Competing with other retailers such as Finish Line and Dick’s Sporting Goods, Foot Locker is under the spotlight as Sam Poser from Williams Trading sets a price target of $21 for FL, significantly lower than its current price of $25.34, indicating a potential decrease of about -17.11%.

Foot Locker is poised to report a year-over-year increase in earnings for the quarter ending October 2024, driven by higher revenues. The eagerly awaited earnings report, scheduled for December 4, 2024, is anticipated to reveal quarterly earnings of $0.39 per share. The actual results could have a substantial impact on the stock’s price, as a positive earnings surprise might propel the stock upwards, while a miss could trigger a decline.

Currently, FL’s stock is trading at $25.31, marking a 3.39% increase today, which translates to a rise of $0.83. The stock has fluctuated between a low of $24.55 and a high of $25.57 today. Over the past year, FL has experienced a high of $35.60 and a low of $20.47, showcasing some volatility in its price movements.

With a market capitalization of approximately $2.4 billion and a trading volume of 3,824,036 shares, Foot Locker’s immediate price changes and future earnings expectations will largely hinge on the management’s discussion of business conditions during the upcoming earnings call. This discussion will offer insights into the company’s strategies and potential challenges it may face.

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