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January 4, 2013
09:27 EDTFLFoot Locker weakness a buying opportunity, says Sterne Agee
Sterne Agee's checks indicate Foot Locker (FL) ended the holiday season strongly and notes that basketball sales were also strong compared to Finish Line (FINL) who acknowledged they missed in that area.
News For FL From The Last 14 Days
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November 23, 2015
07:17 EDTFLFoot Locker margins improvement will lead to upside, says UBS
UBS said the potential for margins improvement at Foot Locker adds further support to their view on the possibility for upside in Q4 numbers. The firm cited favorable SG&A, positive global same-store-sales, and a lower share count. UBS reiterated its Buy rating and raised its price target to $75 from $73 on Foot Locker shares.
November 20, 2015
13:26 EDTFLOn The Fly: Top stock stories at midday
Stocks began the session sharply higher and have remained there since the open. The move higher has come despite a barren economic calendar and amid headlines coming out of Mali regarding a new terrorist event that took place there. The equity market is working on its fourth higher close in the past five sessions, while oil prices continue struggling to stay above $40 per barrel. ECONOMIC EVENTS: In the U.S., no major economic data was released. COMPANY NEWS: Shares of Nike (NKE) advanced nearly 5% after the Dow member announced a two-for-one stock split, a $12B stock repurchase program and plans to boost its dividend... BioMarin (BMRN) shares were down 4% near noon, but that was well off their worst levels of the day, after the FDA posted briefing materials ahead of next weeks advisory committee meeting to review the New Drug Application for Kyndrisa for the potential treatment of Duchenne muscular dystrophy amendable to exon 51 skipping. Sarepta (SRPT), which is at work on a competing drug, eteplirsen, that has its own committee review scheduled for January, rose 31% and another player in the DMD space, PTC Therapeutics (PTCT), fell 7.5%. MAJOR MOVERS: Among the notable gainers was Abercrombie & Fitch (ANF), which rallied 21% after the company reported better than expected quarterly earnings. Also higher was Cabela's (CAB), which gained 10% after Bloomberg reported that the company was receiving takeover interest. In addition, Foot Locker (FL) was up 5% after reporting Q3 earnings and guiding for Q4. Among the noteworthy losers was Nimble Storage (NMBL), which fell 50% after its stock was downgraded by no fewer than 11 analysts following its quarterly report. Also lower was Mentor Graphics (MENT), which lost 32% after its shares were downgraded by no fewer than five analysts. INDEXES: In early afternoon trading, the Dow was up 101.65, or 0.57%, to 17,834.40, the Nasdaq was up 32.02, or 0.63%, to 5,105.66, and the S&P 500 was up 10.09, or 0.48%, to 2,091.33.
09:18 EDTFLFoot Locker trades higher after results
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09:18 EDTFLFoot Locker says pension plan litigatoin charge does not change 2020 goals
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09:17 EDTFLFoot Locker sees Q4 EPS to grow in double digits, consensus $1.11
Sees Q4 comp sales gains in mid-single digits. Sees 30-40 basis points of improvement in gross margin and SG&A in FY16.
09:15 EDTFLFoot Locker believes difference in traffic patterns relates to stronger dollar
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09:10 EDTFLOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Abercrombie & Fitch (ANF), up 16.3%... Foot Locker (FL), up 4.8%. ALSO HIGHER: Horizon Pharma (HZNP), up 1.6% after withdrawing offer to acquire Depomed (DEPO)... Nike (NKE), up 4.3% after announcing a $12B repurchase program, a two-for-one stock split, and that it will raise its dividend. DOWN AFTER EARNINGS: Nimble Storage (NMBL), down 45.3%... Mentor Graphics (MENT), down 28%. ALSO LOWER: Depomed, down 5.9% after Horizon Pharma withdrew its offer to acquire the company... Builders FirstSource (BLDR), down 3.7% after 7M share Spot Secondary priced at $13.25.
09:09 EDTFLFoot Locker says remodeled stores are doing 'quite well'
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06:46 EDTFLFoot Locker reports Q3 EPS $1.00, consensus 95c
Reports Q3 revenue $1.79M, consensus $1.78B. Reports Q3 SSS up 8.7%
November 19, 2015
15:37 EDTFLFoot Locker volatility elevated into Q3 and outlook
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15:24 EDTFLNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Foot Locker (FL), consensus 94c... Sirona Dental (SIRO), consensus $1.10... Abercrombie & Fitch (ANF), consensus 22c... Hibbett Sport (HIBB), consensus 68c.
10:00 EDTFLOn The Fly: Analyst Initiation Summary
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08:50 EDTFLFoot Locker pullback leads to more favorable risk/reward, says Baird
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07:44 EDTFLFoot Locker trends appear mixed quarter to date, says UBS
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November 18, 2015
19:27 EDTFLFoot Locker initiated with an Outperform at Wells Fargo
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November 17, 2015
10:01 EDTFLUnder Armour, Nike slide after Dick's outlook misses expectations
Shares of Under Armour (UA) and Nike (NKE) slipped after Dick's Sporting Goods (DKS) provided guidance for the fourth quarter and fiscal 2015 that both missed consensus estimates. WHAT'S NEW: Dick's Sporting Goods reported Q3 adjusted earnings per share of 45c on revenue of $1.64B, mostly in-line with analyst estimates of 47c on revenues of $1.64B. The company guided for Q4 EPS of $1.10-$1.25, short of the consensus estimate of $1.43. Dick's also said it anticipates FY15 adjusted EPS of $2.85-$3.00, lower than current analyst expectations of $3.19. STREET RESEARCH: Following the report, Baird analyst Justin Kleber said that Dick's Sporting Goods is the "strongest player" in its segment, which should enable the company to grow its sector-leading 10% market share at the expense of smaller competitors. The analyst added that profitability for the company should improve as volumes increase and as the company leverages its store base to fulfill further orders. Kleber said that Dick's Sporting Goods' e-commerce business will be more profitable than its brick-and-mortar business by 2017. The analyst maintained a Neutral rating and $48 price target on Dick's Sporting Goods' stock. PRICE ACTION: In morning trading, Dick's Sporting Goods dropped 17.5% to $33.67, while supplier Under Armour fell 5.6% to $84.95 and Nike was down 2% to $121.08. Dick's peers fell as well, with Finish Line (FINL) dropping 1%, Foot Locker (FL) slid 1.3% and Cabela's (CAB) dipping marginally in morning trading.
November 16, 2015
07:41 EDTFLFoot Locker weakness a buying opportunity, says Canaccord
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