Professional
Added to YB: 2023-12-28
Pitch date: 2023-12-28
FL [bearish]
Foot Locker, Inc.
+22.95%
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
$31.16
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:
JPM Short Picks for 2024: $FL
$FL 17x P/E is 30-40% above pre-COVID avg; hard to justify premium. Promos drove 2023 sales but create tough 2024 comps. Turnaround plan risky & LT goals seem too high.
Read full article (1 min)