Checking the Overall Picture for Foot Locker, Inc. (FL)

Foot Locker, Inc. (FL) is an interesting player in the Consumer Goods space, with a focus on Textile – Apparel Footwear & Accessories. The stock has been active on the tape, currently trading at $50.37, up from yesterday’s close by 0.32%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

Foot Locker, Inc. (FL) currently trades with a market capitalization of $6.35 Billion. That value represents a market adjusting for revenues that have been falling by -0.85 % on a quarterly year/year basis as of the company’s last quarterly report.

You can get a sense of how sustainable that is by a levered free cash flow of $581 Million over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of $1.23 on a per share basis this quarter. Perhaps, that suggests something about why 2.58% of the outstanding share supply is held by institutional investors.

Technical Analysis

We’ve taken a serious look at this stock from a fundamental perspective, but the tale of the tape may offer more hints about what lies under the surface. Looking at the stock’s movement on the chart, Foot Locker, Inc. recorded a 52-week high of $77.86. It is now trading 27.49% off that level. The stock is trading $43.20 its 50-day moving average by -7.17%. The stock carved out a 52-week low down at $28.42.

In recent action, Foot Locker, Inc. (FL) has made a move of +8.81% over the past month, which has come on weak relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 23.25, and it’s gotten there by action that has been less volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 0.00% with $118.79 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of FL.聽

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