FL

Foot Locker Inc

Consumer


Presented:05/27/2021
Price:$64.33
Cap:$6.64B
Current Price:$24.60
Cap:$2.33B

Presented

Date05/27/2021
Price$64.33
Market Cap$6.64B
Ent Value$7.39B
P/E Ratio10.62x
Book ValueN/A
Div Yield0.78%
Shares O/S103.28M
Ave Daily Vol1,581,477
Short Int4.04%

Current

Price$24.60
Market Cap$2.33B
Foot Locker, Inc. engages in the retail of athletic shoes and apparel. The firm uses its omni-channel capabilities to bridge the digital world and physical stores, including order-in-store, buy online and pickup-in-store, and buy online and ship-from-store, as well as e-commerce. It operates through following segments: North America, EMEA (Europe, Middle East, and Africa, and Asia Pacific. The North America segment includes the following banners operating in the U.S. and Canada: Foot Locker, Kids Foot Locker, Lady Foot Locker, Champs Sports, and Footaction. The EMEA segment includes the following banners operating in Europe: Foot Locker, Runners Point, Sidestep, and Kids Foot Locker. The Asia Pacific segment includes Foot Locker and Kids Foot Locker operating in Australia, New Zealand, and Asia. The company was founded on April 7, 1989 and is headquartered in New York, NY.

Publicly traded companies mentioned herein: Dick’s Sporting Goods Inc (DKS), Dillard’s Inc (DDS), Footlocker Inc (FL), Macy’s Inc (M), Nike Inc (NKE), 

Highlights

The presenter is long shares of Foot Locker Inc (FL) and believes the company should benefit from domestic & international reopenings and US child tax credits as children begin going back to school at the end of the summer. In addition, he notes that the stock is very cheap as it is trading well below other players in retail, at close to 10x earnings. 

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Idea Discussion

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