Foot Locker (NYSE:FL) spotted trading -63.08% off 52-week high price. On the other end, the stock has been noted 17.35% away from the low price over the last 52-weeks. The stock changed 1.48% to recent value of $24.01. The stock transacted 6118313 shares during most recent day however it has an average volume of 3.36M shares. The company has 121.84M of outstanding shares and 94.78M shares were floated in the market.
On March 17, 2020, Foot Locker (NYSE:FL) the New York-based specialty athletic retailer, provided an update on its global operations in response to the continued spread of COVID-19.
The health and safety of its associates, customers, and suppliers is the top priority for the Company. In light of the rapidly evolving situation, Foot Locker will temporarily close its stores across all of its brands in North America, EMEA, and Malaysia from March 17 through March 31 – that includes Foot Locker, Lady Foot Locker, Kids Foot Locker, Footaction, Champs Sports, Runners Point, and Sidestep. The rest of the Company’s locations in the Asia Pacific region, which include Hong Kong, Singapore, Australia and New Zealand – will remain open subject to direction from local and national governments.
Customers can continue to shop online through our websites and mobile apps across all of the Company’s brands and regions.
Due to the rapidly evolving market conditions domestically and internationally, the Company is withdrawing the full-year 2020 guidance issued on the Fourth Quarter earnings call on February 28. The Company will provide an updated outlook on its First Quarter earnings call.
Its earnings per share (EPS) expected to touch remained 47.60% for this year while earning per share for the next 5-years is expected to reach at 6.73%. FL has a gross margin of 31.80% and an operating margin of 8.40% while its profit margin remained 6.50% for the last 12 months.
According to the most recent quarter its current ratio was 1.9 that represents company’s ability to meet its current financial obligations. The price moved ahead of -25.74% from the mean of 20 days, -34.42% from mean of 50 days SMA and performed -40.09% from mean of 200 days price. Company’s performance for the week was -17.12%, -40.54% for month and YTD performance remained -38.42%.