Foot Locker (FL) Tops Q4 EPS by 10c; Comps Up 5%
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Foot Locker (FL) PT Raised to $87 at Canaccord Genuity Following Solid 4Q Report
February 27, 2017 9:46 AM ESTCanaccord Genuity raised its price target on Foot Locker (NYSE: FL) to $87.00 (from $83.00) while maintaining a Buy rating.
Analyst Camilo Lyon commented, "FL reported solid Q4 adj. EPS of $1.37, handily beating our $1.30 estimate and consensus of $1.32. Broad-based strength across categories (footwear and apparel both up +MSD) and banners (FL US +MSD, Foot Action +MSD, Champs +HSD) drove a +5% comp in Q4. In addition, gross margin expanded by... More
Foot Locker (FL) PT Raised to $84 at Wedbush following 4Q Report
February 27, 2017 7:17 AM ESTWedbush raised its price target on Foot Locker (NYSE: FL) to $84.00 (from $81.00) while maintaining a Outperform rating. Comps increased 5% vs. expectations of 4.5%. Non-GAAP EPS came in at $1.37 vs. consensus of $1.32 driven by higher sales and SG&A leverage.
Analyst Christopher Svezia... More
