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Stock Market & Financial Investment News

News Breaks
August 22, 2014
09:28 EDTFLFoot Locker says Q3 comparable sales to experience mid-single digit gains
Says making good progress on solid flow of inventory. Says inventory "well-positioned" for upcoming back to school and fall seasons. Still on track to close just over 100 stores this year, but some closures expected to happen at the beginning of FY15. Projecting to open 80 stores this year mostly in Europe and Kids Foot Locker, which is up from the company's initial projection of opening 60 stores. Says has experienced a high-single digit comparable sales gain so far in August. Sees Q3 SG&A improvement of 30-40 basis points. Sees Q3 gross margin up 20-40 basis points. Comments made during the company's Q2 earnings conference call.
News For FL From The Last 14 Days
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September 16, 2014
16:31 EDTFLFoot Locker assumed with a Neutral at Piper Jaffray
Target $57.
September 15, 2014
07:23 EDTFLFoot Locker management to meet with UBS
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September 4, 2014
10:29 EDTFLOn The Fly: Analyst Initiation Summary
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05:52 EDTFLFoot Locker initiated with a Buy at Jefferies
Target $66.
September 3, 2014
10:46 EDTFLHigh option volume stocks
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07:55 EDTFLFoot Locker rumored to be eyed for 'go-private' offer, Daily Mail says
Rumors "were rife" Tuesday that a consortium of private equity firm were lining up a cash offer in "the region of $70 a share" for Foot Locker, to be followed by plans to increase the company’s presence in the U.K. and Europe, according to the Daily Mail. Foot Locker shares hit a 52-week high of $57.50 during yesterday's trading and are up another 1.3% in pre-market trading to $58.00. Reference Link

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