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FL

Foot Locker

$34.38

-13.32 (-27.92%)

, DKS

Dick's Sporting

$26.99

-0.75 (-2.70%)

07:59
08/21/17
08/21
07:59
08/21/17
07:59

Foot Locker weakness creates buying opportunity, says Citi

After Foot Locker reported weaker than expected results and predicted its SSS would fall 3%-4% for the rest of the year, Citi analyst Kate McShane says that its "global reach and scale" should give it "some protection from vendors changing their allocation strategy," while its inventory situation is superior to that of athletic apparel retailers. She adds that interest in sneakers remains high, and she thinks that the company's comp trends in Q4 and fiscal 2018 could exceed expectations. The analyst thinks that the stock has reached "very attractive levels," and she says it's in a better position than Dick's Sporting (DKS) which she downgraded last Tuesday.

FL

Foot Locker

$34.38

-13.32 (-27.92%)

DKS

Dick's Sporting

$26.99

-0.75 (-2.70%)

  • 22

    Aug

  • 23

    Aug

FL Foot Locker
$34.38

-13.32 (-27.92%)

08/18/17
ADAM
08/18/17
DOWNGRADE
ADAM
Hold
Foot Locker downgraded to Hold from Buy at Canaccord
08/21/17
BARD
08/21/17
DOWNGRADE
BARD
Neutral
Foot Locker downgraded to Neutral from Outperform at Baird
08/21/17
UBSW
08/21/17
DOWNGRADE
Target $37
UBSW
Neutral
Foot Locker downgraded to Neutral from Buy at UBS
UBS analyst Michael Binetti downgraded Foot Locker (FL) to Neutral from Buy following Q2 results. The results, which were worse than the analyst expected, make it tougher to support a thesis that athletic retail will be able to sidestep the structural challenges of the broader sector, said Binetti, who also sees additional challenges and potential market share loss from Amazon.com (AMZN). Binetti lowered his price target to $37 from $70 on Foot Locker shares.
08/21/17
UBSW
08/21/17
DOWNGRADE
Target $9
UBSW
Sell
Finish Line downgraded to Sell from Neutral at UBS
UBS analyst Michael Binetti downgraded Finish Line (FINL) to Sell from Neutral based on the structural risks exposed by Foot Locker (FL) in its Q2 report. The analyst sees an incremental risk of a more rapid deterioration in Finish Line's core mid/lower tier markets versus Foot Locker. He also sees lower gross margins, prompting Binetti to lower his price target to $9 from $14 on Finish Line shares.
DKS Dick's Sporting
$26.99

-0.75 (-2.70%)

08/16/17
MONN
08/16/17
DOWNGRADE
MONN
Neutral
Dick's Sporting downgraded to Neutral from Buy at Monness Crespi
Monness Crespi analyst Jim Chartier downgraded Dick's Sporting Goods to Neutral following the company's Q2 results.
08/16/17
08/16/17
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Dick's Sporting (DKS) was downgraded to Neutral from Buy at Monness Crespi, Goldman Sachs, MKM Partners, Buckingham, Citi, and to Neutral from Positive at Susquehanna, while being downgraded to Hold from Buy at Deutsche Bank and to Sector Perform from Outperform at RBC Capital. 2. Teva (TEVA) downgraded to Neutral from Buy at Citi with analyst Liav Abraham saying Teva is "cheap, but not cheap enough." 3. Advance Auto Parts (AAP) downgraded to Neutral from Overweight at Atlantic Equities with analyst Sam Hudson citing limited near-term visibility. 4. SL Green Realty (SLG) and Kilroy Realty (KRC) were downgraded to Neutral from Buy at BofA/Merrill, while Gramercy Property Trust (GPT) was downgraded to Underperform from Neutral. 5. CB&I (CBI) downgraded to Hold from Buy at Jefferies with analyst Martin Englert saying he is concerned that cost overruns at the company's two LNG projects could reemerge, adding risk to 2017-2019 earnings. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
08/16/17
08/16/17
DOWNGRADE

Dick's Sporting downgraded to Sell from Buy at Forward View
Forward View downgraded Dick's Sporting Goods two notches to Sell from Buy and cut its price target to $25 from $51.
08/18/17
SBSH
08/18/17
NO CHANGE
Target $81
SBSH
Buy
Foot Locker results and guidance 'greatly disappoints,' says Citi
Citi analyst Kate McShane says Foot Locker's (FL) Q2 results and outlook "greatly disappoints." The company posted its first negative comp since Q4 of 2009, McShane tells investors in a post-earnings research note. Along with Foot Locker, the analyst expects weakness in shares of Nike (NKE) and Finish Line (FINL) as well as Under Armour (UAA, UA) and Dick's Sporting Goods (DKS). McShane currently has a Buy rating on Foot Locker.

TODAY'S FREE FLY STORIES

BJRI

BJ's Restaurants

$37.90

-0.1 (-0.26%)

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VNO

Vornado

$71.34

0.04 (0.06%)

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ERI

Eldorado Resorts

$31.60

-0.4 (-1.25%)

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NTCT

NetScout

$26.78

0.175 (0.66%)

16:38
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  • 30

    Jan

NBLX

Noble Midstream

$55.58

-0.02 (-0.04%)

16:35
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  • 22

    Jan

  • 20

    Feb

HHS

Harte-Hanks

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Harte-Hanks COO/CTO Shirish Lal leaving the company »

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GWGH

GWG Holdings

$8.10

-0.2 (-2.41%)

16:35
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SPB

Spectrum Brands

$121.30

-3.86 (-3.08%)

16:32
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Hot Stocks
Spectrum Brands postpones 2018 annual shareholder meeting »

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  • 18

    Jan

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    Jan

  • 08

    Feb

NTIP

Network-1 Technologies

$2.50

0.05 (2.04%)

, JNPR

Juniper

$27.66

-1.01 (-3.52%)

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Hot Stocks
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NTIP

Network-1 Technologies

$2.50

0.05 (2.04%)

JNPR

Juniper

$27.66

-1.01 (-3.52%)

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  • 30

    Jan

ENFC

Entegra Financial

$28.90

-0.7 (-2.36%)

16:31
01/18/18
01/18
16:31
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16:31
Earnings
Entegra Financial reports Q4 core EPS 54c, consensus 38c »

Reports Q4 net interest…

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  • 19

    Jan

WYNN

Wynn Resorts

$175.48

1.89 (1.09%)

16:30
01/18/18
01/18
16:30
01/18/18
16:30
Initiation
Wynn Resorts initiated  »

Wynn Resorts initiated…

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16:30
01/18/18
01/18
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01/18/18
16:30
Options
Preliminary option volume of 20.9M today »

Preliminary option volume…

NTES

NetEase

$322.19

-2.21 (-0.68%)

16:29
01/18/18
01/18
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16:29
Recommendations
NetEase analyst commentary  »

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  • 07

    Feb

MS

Morgan Stanley

$55.84

0.49 (0.89%)

, AMZN

Amazon.com

$1,293.32

-1.68 (-0.13%)

16:25
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01/18
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General news
On The Fly: Top stock stories for Thursday »

Stocks opened little…

MS

Morgan Stanley

$55.84

0.49 (0.89%)

AMZN

Amazon.com

$1,293.32

-1.68 (-0.13%)

LGF.A

Lionsgate

$34.50

2.22 (6.88%)

LGF.B

Lionsgate

$32.84

2.46 (8.10%)

CBS

CBS

$60.00

1.1 (1.87%)

VIA

Viacom

$39.70

1.85 (4.89%)

VIAB

Viacom

$33.95

1.99 (6.23%)

BA

Boeing

$340.16

-10.85 (-3.09%)

ERJ

Embraer

$24.50

-0.19 (-0.77%)

GNC

GNC Holdings

$5.26

1.79 (51.59%)

PTC

PTC

$69.95

3.25 (4.87%)

AA

Alcoa

$53.00

-3.99 (-7.00%)

ENDP

Endo

$7.35

-0.34 (-4.42%)

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  • 18

    Jan

  • 18

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  • 18

    Jan

  • 18

    Jan

  • 19

    Jan

  • 31

    Jan

  • 01

    Feb

  • 08

    Feb

  • 08

    Feb

  • 08

    Feb

  • 08

    Feb

  • 15

    Feb

  • 21

    Feb

  • 18

    Mar

SRG

Seritage Growth Properties

$40.37

-0.4 (-0.98%)

16:25
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Seritage Growth Properties sees FY17 leasing activity 2.6M sqf, up 26% on year »

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MNST

Monster Beverage

$66.47

-0.6 (-0.89%)

16:25
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Conference/Events
Monster Beverage to host investor meeting »

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  • 18

    Jan

MGM

MGM Resorts

$36.07

-0.47 (-1.29%)

, WYNN

Wynn Resorts

$175.48

1.89 (1.09%)

16:23
01/18/18
01/18
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16:23
Initiation
MGM Resorts, Wynn Resorts, Eldorado Resorts, Penn National initiated  »

MGM Resorts initiated…

MGM

MGM Resorts

$36.07

-0.47 (-1.29%)

WYNN

Wynn Resorts

$175.48

1.89 (1.09%)

ERI

Eldorado Resorts

$31.60

-0.4 (-1.25%)

PENN

Penn National

$32.26

-0.49 (-1.50%)

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BANF

BancFirst

$55.20

0.95 (1.75%)

16:22
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Hot Stocks
BancFirst to raise company minimum wage »

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MTOR

Meritor

$23.82

-0.3 (-1.24%)

16:22
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Meritor realigns segments and leadership positions »

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  • 31

    Jan

  • 13

    Feb

  • 14

    Feb

BANF

BancFirst

$55.20

0.95 (1.75%)

16:21
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Earnings
BancFirst reports Q4 EPS 59c, consensus 69c »

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ATHN

athenahealth

$125.53

-0.65 (-0.52%)

16:20
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Initiation
athenahealth initiated  »

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  • 02

    Feb

VIX

Volatility Index S&P 500 Options

16:20
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Options
Closing CBOE SPX and VIX Index summary for January 18th »

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AXP

American Express

$99.86

-0.9 (-0.89%)

16:19
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Breaking Hot Stocks news story on American Express »

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  • 18

    Jan

MRCY

Mercury Systems

$51.26

-0.45 (-0.87%)

16:19
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Mercury Systems receives $12.5M electronic surveillance subsystem order »

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  • 23

    Jan

HCLP

Hi-Crush Partners

$12.00

-0.05 (-0.41%)

16:18
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Hi-Crush Partners increases distribution to 20c per unit for Q4 »

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