On Dec 06, major Wall Street analysts update their ratings for $Foot Locker (FL.US)$, with price targets ranging from $16 to $30.
Morgan Stanley analyst Alexandra Straton maintains with a sell rating, and adjusts the target price from $17 to $16.
Goldman Sachs analyst Kate McShane maintains with a sell rating, and adjusts the target price from $24 to $22.
BofA Securities analyst Lorraine Hutchinson maintains with a hold rating, and adjusts the target price from $30 to $25.
Barclays analyst Adrienne Yih maintains with a buy rating, and adjusts the target price from $34 to $29.
Evercore analyst Michael Binetti maintains with a buy rating, and adjusts the target price from $32 to $30.
Furthermore, according to the comprehensive report, the opinions of $Foot Locker (FL.US)$'s main analysts recently are as follows:
Foot Locker's Q3 results fell short of expectations, as trends weakened over the quarter and promotional activities increased. The company revised its fiscal 2024 forecasts downwards for sales and earnings, anticipating continued promotions but with a strategic shift towards footwear in the fourth quarter.
Foot Locker's recent Q3 miss and subsequent reduction in FY guidance underscore ongoing concerns about the company's potential for recovery. This situation provides more evidence for bearish perspectives. Furthermore, perceived risks to full-year and mid-term street EPS projections persist, according to analysts.
The analyst indicated a reevaluation of expectations through a reduced fiscal year earnings forecast due to persisting margin pressures expected in the fourth quarter. This assessment considers that the current valuation of the stock mitigates the associated risks linked to sales revitalization and margin recuperation.
Despite a 30% decrease in stock value over the past three months, the current valuation of Foot Locker is still not considered attractive due to significant downside risks. Challenges include struggles faced by its primary brand partner and increasing competition from direct-to-consumer channels of other brands, as well as competitors like JD Sports.
Foot Locker's Q3 performance fell short of expectations, and the company has reduced its future guidance. Additionally, the revised fiscal 2024 gross margin guidance suggests a recovery of only 30% of the 300 basis point merchandise margin headwind experienced in fiscal 2023's gross margin, as opposed to the previously anticipated 60%.
Here are the latest investment ratings and price targets for $Foot Locker (FL.US)$ from 8 analysts:
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美東時間12月6日，多家華爾街大行更新了$富樂客 (FL.US)$的評級，目標價介於16美元至30美元。
摩根士丹利分析師Alexandra Straton維持賣出評級，並將目標價從17美元下調至16美元。
高盛集團分析師Kate McShane維持賣出評級，並將目標價從24美元下調至22美元。
美銀證券分析師Lorraine Hutchinson維持持有評級，並將目標價從30美元下調至25美元。
巴克萊銀行分析師Adrienne Yih維持買入評級，並將目標價從34美元下調至29美元。
Evercore分析師Michael Binetti維持買入評級，並將目標價從32美元下調至30美元。
此外，綜合報道，$富樂客 (FL.US)$近期主要分析師觀點如下：
富樂客的Q3業績未達預期，隨着季度內趨勢走弱和促銷活動增加。公司將其2024財年的銷售和盈利預測下調，預計繼續進行促銷活動，但在第四季度將戰略轉向鞋類。
富樂客最近的Q3業績不佳以及對全年業績指引的後續下調凸顯了對公司復甦潛力的持續擔憂。這種情況爲看淡觀點提供了更多證據。此外，根據分析師的說法，對全年和中期街道每股收益預期的風險仍然存在。
分析師表示，通過降低財年盈利預測，重新評估預期，原因是預計第四季度持續存在的毛利率壓力。這種評估考慮到目前股票的估值有助於減輕與銷售振興和毛利率恢復相關的風險。
儘管過去三個月股價下跌了30%，但由於存在重大下行風險，富樂客的當前估值仍不被視爲具有吸引力。挑戰包括其主要品牌合作伙伴面臨的困境，以及來自其他品牌的直銷渠道和JD體育等競爭對手的日益激烈競爭。
富樂客的Q3業績未達預期，公司已經下調了未來的指引。此外，修訂後的2024財年毛利率指引表明，與先前預期的60%相反，僅能夠在商品毛利率中遇到的300個點子頭風中恢復30%。
以下爲今日8位分析師對$富樂客 (FL.US)$的最新投資評級及目標價：
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