Sterne Agee has published a research report on Foot Locker Inc FL commenting on shoe trends.
In the report, Sterne Agee wrote, "All categories and regions had SSS increases with the strongest increases coming from Champs, Foot Locker Europe and Canada. By month, May and June had
+LDD gains while July was up HSD. GM (+260 bps) benefitted from leveraging of fixed buying and occupancy costs (+170 bps) and merchandise margin improvement (+90 bps)."
Sterne Agee rated Foot Locker a BUY with a price target of $30.00. Foot Locker closed Friday at $17.79.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in