Barclays lowered the firm’s price target on Foot Locker (FL) to $24 from $29 and keeps an Overweight rating on the shares. The company’s Q4 results beat on comps, gross margin, operating margin, and earnings per share, though the high-end of FY25 guidance came in roughly 13% below consensus at the midpoint, the analyst tells investors in a research note. The firm added that it remains Overweight-rated as Foot Locker continues to execute on its Lace Up Plan and as controllable initiatives drive margin expansion.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FL:
- Foot Locker price target lowered to $19 from $22 at Jefferies
- Foot Locker Faces Mixed Performance: Hold Rating Amid Sales Challenges and Cautious Outlook
- CrowdStrike reports Q4 beat, Jazz to acquire Chimerix: Morning Buzz
- Positive Outlook for Foot Locker Amid Strong Quarterly Results and Strategic Partnerships
- Foot Locker rises 12.8%
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue