Foot Locker (FL) : Traders are bullish on Foot Locker (FL) as it has outperformed the S&P 500 by a wide margin of 5.03% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.81%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.74% in the last 1 week, and is up 8.56% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 3.51% and the 50-Day Moving Average is 7.15%. Foot Locker, Inc. has dropped 2.5% during the last 3-month period . Year-to-Date the stock performance stands at -7.18%.
Foot Locker (NYSE:FL): stock turned positive on Friday. Though the stock opened at $59.11, the bulls momentum made the stock top out at $59.69 level for the day. The stock recorded a low of $59.07 and closed the trading day at $59.62, in the green by 0.59%. The total traded volume for the day was 1,907,314. The stock had closed at $59.27 in the previous days trading.
Also, Deutsche Bank maintains its view on Foot Locker (NYSE:FL) according to the research report released by the firm to its investors. The shares have now been rated Buy by the stock experts at the ratings house. Deutsche Bank lowers the price target from $80 per share to $79 per share on Foot Locker . The rating by the firm was issued on May 16, 2016.
Foot Locker, Inc. is a retailer of shoes and apparel. The Company operates in two segments: Athletic Stores and Direct-to-Customers. The Athletic Stores segment is an athletic footwear and apparel retailer whose formats include Foot Locker, Lady Foot Locker, Kids Foot Locker, Champs Sports, Footaction and SIX:02, as well as the retail stores of Runners Point Group, including Runners Point and Sidestep. The Direct-to-Customers segment includes Footlocker.com, Inc. and other affiliates, including Eastbay, Inc., and the direct-to-customer subsidiary of Runners Point Group, which sell to customers through their Internet and mobile sites and catalogs. As of January 31, 2015, the Company operated 3,423 primarily mall-based stores in the United States, Canada, Europe, Australia and New Zealand. As of January 31, 2015, the Company operated a total of 78 franchised stores, of which 31 are in the Middle East, 27 in Germany and Switzerland, and 20 in the Republic of Korea.