Added to YB: 2024-05-17
Pitch date: 2024-05-16
FL [bullish]
Foot Locker, Inc.
+9.14%
current return
Author Info
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Company Info
Foot Locker, Inc., through its subsidiaries, operates as a footwear and apparel retailer in North America, Europe, the Middle East, Africa, Asia Pacific, and internationally.
Market Cap
$2.5B
Pitch Price
$22.00
Price Target
N/A
Dividend
N/A
EV/EBITDA
3.85
P/E
-7.00
EV/Sales
0.63
Sector
Specialty Retail
Category
turnaround
Show full summary:
D’s YTD Performance and Positions: $FL
FL: Ulta's ex-CEO Mary Dillon leads turnaround of hated retailer. $100Ms invested in loyalty, store remodels, app/site. Wholesale partnerships capitalize on industry tailwinds. Nike allocation a risk but Hibbett's relevance suggests FL's safety. Easy 2024+ ahead with low-hanging fruit.
Read full article (1 min)