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Stock Market & Financial Investment News

News Breaks
February 14, 2013
11:02 EDTFLFoot Locker weakness a buying opportunity, says Sterne Agee
News For FL From The Last 14 Days
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August 24, 2015
08:03 EDTFLFoot Locker price target raised to $83 from $72 at Baird
Baird raised its price target on Foot Locker to $83 from $72 and said the tough tape provides a good buying opportunity. The firm believes the company's raised guidance could be conservative, citing its recent comps momentum and reasonable valuation. Baird reiterated its Outperform rating on Foot Locker shares.
07:46 EDTFLFoot Locker under-earning businesses key to margins, says UBS
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August 21, 2015
14:57 EDTFLFoot Locker buy aggressively on market weakness, says Jefferies
Jefferies recommends buying Foot Locker aggressively on the market selloff. The firm expects upward revisions to earnings estimates and said strong cash flow power, disciplined capital allocation , and ongoing shareholder returns will support shares. Jefferies raised its price target on Foot Locker shares to $82 from $72 and reiterates its Buy rating.
09:41 EDTFLFoot Locker says core business 'strong'
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09:18 EDTFLFoot Locker says double digit EPS gains in Q3, Q4 'achievable'
Says forex negatively impacted margin by 20bps in Q2. Says overall traffic up "slightly" in Q2, international traffic was better than U.S. traffic. Says continuing to plan business "cautiously" for 2H. Says mid single digit comps remains "our mantra." Says with late start of back to school this year, believes there is a "good chance" for sales to be at strong end of mid single digits, both this quarter and in 2H. Says SSS month to date up mid single digits. Says double digit EPS gains in Q3, Q4 are "achievable" based on current sales trends. Comments made on the Q2 earnings conference call.
07:02 EDTFLFoot Locker opened 21 new stores in Q2
During the second quarter, the company opened 21 new stores, remodeled or relocated 65 stores, and closed 21 stores. As of August 1, 2015, the Company operated 3,419 stores in 23 countries in North America, Europe, Australia, and New Zealand. In addition, 48 franchised Foot Locker stores were operating in the Middle East and South Korea, as well as 27 franchised Runners Point and Sidestep stores in Germany and Switzerland.
07:01 EDTFLFoot Locker reports Q2 gross margin rate of 32.6%
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07:01 EDTFLFoot Locker reports Q2 comparable store sales up 9.6%
07:00 EDTFLFoot Locker reports Q2 EPS 84c, consensus 69c
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