Foot Locker Inc. ($FL) Stock Forecast: Down 5.0% Today

What is Foot Locker Inc.?

Foot Locker (FL) is a leading retailer of athletic shoes and apparel, with a strong presence in the market. The overall market sentiment for FL today was bearish.

Why is Foot Locker Inc. going down?

FL stock is down 5.0% on Dec 5, 2024 17:21

• Foot Locker (FL) reported disappointing Q3 earnings and lowered its fiscal 2024 outlook due to softer demand and a more promotional environment, leading to a bearish movement in the stock.
• The company's third-quarter adjusted EPS and sales missed analyst estimates, contributing to the negative market sentiment.
• Despite some bullish options activity, the overall financial performance and outlook of Foot Locker did not meet investor expectations, causing the stock to tumble.
• The broader market trend of U.S. stock futures being higher did not provide enough support to offset the negative impact of Foot Locker's downbeat results, resulting in a sharp decline in the stock price.

FL Price Chart

FL Technical Analysis

FL News

Company News for Dec 5, 2024

Companies in The News Are: ...

https://www.zacks.com/stock/news/2379538/company-news-for-dec-5-2024

Foot Locker Q3 Earnings Miss Expectations, 2024 View Down

FL posts Q3 earnings growth, but revenues fall short, leading to a lowered fiscal 2024 outlook due to softer demand and a more promotional environment.

https://www.zacks.com/stock/news/2379133/foot-locker-q3-earnings-miss-expectations-2024-view-down

Foot Locker's Options Frenzy: What You Need to Know - Foot Locker ( NYSE:FL )

Financial giants have made a conspicuous bullish move on Foot Locker. Our analysis of options history for Foot Locker FL revealed 12 unusual trades. Delving into the details, we found 50% of traders were bullish, while 33% showed bearish tendencies.

https://www.benzinga.com/insights/options/24/12/42317005/foot-lockers-options-frenzy-what-you-need-to-know

Foot Locker Cuts Outlook On Soft Consumer Spending In Q3, Stock Tanks - Foot Locker ( NYSE:FL )

Foot Locker, Inc FL stock tumbled in the premarket session on Tuesday. The company reported a third-quarter adjusted EPS of $0.33, missing the analyst consensus estimate of $0.41. Quarterly sales of $1.96 billion missed the street view of $2.02 billion. Total sales decreased 1.4% year over year.

https://www.benzinga.com/news/earnings/24/12/42313987/foot-locker-cuts-outlook-on-soft-consumer-spending-in-q3-stock-tanks

Foot Locker Posts Downbeat Results, Joins Couchbase And Other Big Stocks Moving Lower In Wednesday's Pre-Market Session - Crescent Energy ( NYSE:CRGY ) , Couchbase ( NASDAQ:BASE )

U.S. stock futures were higher this morning, with the Dow futures gaining around 200 points on Wednesday. Shares of Foot Locker, Inc. FL fell sharply in today's pre-market trading following third-quarter results.

https://www.benzinga.com/24/12/42313395/foot-locker-posts-downbeat-results-joins-couchbase-and-other-big-stocks-moving-lower-in-wednesdays-pre-market-ses

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Foot Locker Inc. Price History

13.08.2024 - FL Stock was up 5.2%

• Despite conflicting reports regarding unusual options activity, the prevailing bullish movement in Foot Locker's stock indicates a positive sentiment dominating today's trading.
• Mixed signals from the options history, showcasing both bullish and bearish investor stances, have possibly led to volatility. However, this did not impede the overall upward momentum of the stock.
• The bullish trend in Foot Locker's stock could be attributed to robust financial performance, optimistic market sentiment towards the retail sector, or promising growth prospects in the athletic apparel industry.
• Market response suggests that despite uncertainties in the options activity, investors have exhibited confidence in Foot Locker's future outlook, contributing to the upward surge in the stock price.

25.08.2024 - FL Stock was down 5.8%

• The bearish movement in FL stock today could be attributed to profit-taking by investors after a period of strong momentum.
• Despite the positive developments such as trading above key SMAs and successful brand diversification efforts, investors may be cautious about the sustainability of Foot Locker's comeback.
• The recent announcement about Nike appointing a new CEO to repair retailer relations could have indirectly impacted FL stock, as changes in the relationship between Foot Locker and Nike, one of its key partners, could have implications for Foot Locker's future performance.
• Investors might be waiting to see how Foot Locker's international expansion and revamped loyalty program will translate into long-term growth before committing to the stock.

22.10.2024 - FL Stock was up 5.1%

• Observing the rise in bullish options activities related to Foot Locker, it reflects a prevailing sentiment of confidence among investors regarding the company's future.
• The notable uptick in trading volume indicates the involvement of investors with significant capital who hold an optimistic outlook on FL's performance.
• This positive investor sentiment may be attributed to optimistic earnings projections, product launches, or other favorable internal advancements, resulting in an increased demand for Foot Locker's stock.

01.09.2024 - FL Stock was down 5.4%

• The significant bearish movement in Foot Locker's stock today could be attributed to the company's disappointing earnings report from 30 days ago, which has continued to impact investor sentiment.
• Investors may be concerned about the company's future performance and growth prospects, leading to a sell-off of the stock.
• The market may be reacting to the earnings estimates and clues provided in the report, indicating potential challenges ahead for Foot Locker.

03.11.2024 - FL Stock was down 5.3%

• The bearish movement in Foot Locker's stock today could be attributed to the market's anticipation of its upcoming Q3 earnings report.
• Analysts' insights and expectations for the company's key performance measures may have raised concerns among investors, leading to a sell-off of the stock.
• The lack of confidence in Foot Locker's ability to deliver a positive earnings surprise as indicated by Wall Street's expectations for earnings growth could have further dampened investor sentiment, contributing to the downward trend in the stock price.

10.08.2024 - FL Stock was down 6.3%

• Bearish movement in Foot Locker's stock today appears to be driven by significant bearish activity from financial institutions, as seen in the options trading history.
• A higher proportion of bearish trades suggests a lack of confidence or negative sentiment towards Foot Locker's future.
• Investors may be reacting to potential concerns about Foot Locker's financial prospects or competitive standing.
• This bearish sentiment could be exacerbated by general market conditions or industry-specific challenges affecting Foot Locker's stock price.

04.11.2024 - FL Stock was down 9.5%

• Foot Locker (FL) experienced a strong bearish movement today.
• The company's Q3 earnings missed expectations, leading to a lowered fiscal 2024 outlook due to softer demand and a more promotional environment.
• Despite some bullish options activity, the overall sentiment was negative as the company's sales fell short of estimates and the holiday outlook was gloomy.
• The stock tumbled in pre-market trading following the release of downbeat results and a cut in guidance, reflecting concerns about soft consumer spending and declining sales.

04.11.2024 - FL Stock was down 7.5%

• Foot Locker's stock saw significant declines in trading today.
• The company's third-quarter results fell below analyst forecasts, with both adjusted EPS and sales missing expectations.
• The negative outlook for the holiday season, coupled with concerns about soft consumer demand, weighed on Foot Locker's performance.
• Market uncertainty may have been compounded by a mix of bullish maneuvers by financial giants and a substantial number of traders displaying pessimistic tendencies.

07.09.2024 - FL Stock was down 5.1%

• Foot Locker's stock price declined by 3.82%, likely influenced by the overall negative sentiment in the footwear and athletic apparel sector.
• The poor performance of a key player in the industry, which reported lower-than-expected revenue, could have had a spillover effect on Foot Locker's stock.
• The upcoming CEO change at the key player might have added uncertainty to the market, impacting related companies like Foot Locker.
• Despite the bearish movement, some analysts see potential in Foot Locker due to its focus on customer experience and strategic positioning for long-term growth, offering a silver lining for investors considering the stock.

04.11.2024 - FL Stock was down 16.8%

• Foot Locker's stock experienced a significant bearish movement today due to the company cutting its outlook for the third quarter, citing soft consumer spending as a primary factor.
• The third-quarter results fell short of analyst expectations, with adjusted EPS and quarterly sales missing estimates, leading to a decline in total sales year over year.
• The gloomy holiday outlook and the overall soft consumer demand further contributed to the negative sentiment surrounding Foot Locker's performance.
• The market reaction reflects investors' concerns about the company's ability to navigate challenging market conditions and sustain growth amidst a backdrop of subdued consumer spending.

14.10.2024 - FL Stock was down 5.8%

• Foot Locker (FL) experienced a bearish movement today.
• The comparison between FL and PPRUY might have raised concerns about FL's valuation.
• Investors may have favored PPRUY over FL due to perceived better value, leading to a sell-off in FL shares.
• This comparative analysis could have influenced market sentiment towards FL, contributing to its bearish performance.

05.11.2024 - FL Stock was down 5.0%

• Foot Locker (FL) reported disappointing Q3 earnings and lowered its fiscal 2024 outlook due to softer demand and a more promotional environment, leading to a bearish movement in the stock.
• The company's third-quarter adjusted EPS and sales missed analyst estimates, contributing to the negative market sentiment.
• Despite some bullish options activity, the overall financial performance and outlook of Foot Locker did not meet investor expectations, causing the stock to tumble.
• The broader market trend of U.S. stock futures being higher did not provide enough support to offset the negative impact of Foot Locker's downbeat results, resulting in a sharp decline in the stock price.