Traders Recap: Foot Locker, Inc. (NYSE:FL) , Expedia, Inc. (NASDAQ:EXPE)

On 4/19/2017, Shares of Foot Locker, Inc. (NYSE:FL) closed at $72.65 in last trading day. After noting the initial trading entry at $72.67, it reached to a day’s high of $73.11 and moved to a day’s low of $72.18. The recent daily volume was 1.31 million as contrast to it’s an average volume of 1.85 million.

Technical Indicators:

The last close of the Foot Locker, Inc. stock reflects that it traded -2.14% from its 50-day moving average of $74.24. The stock traded above +1.31% to its 200-day MA of $71.71. Furthermore, it moved  lower -8.54% from its 52-week high of $79.43 and +42.73% up from $50.90, which is 52-week low of the stock.

During the last month, Foot Locker, Inc.’s (FL) has changed -1.38% and performed 7.89% over the last 6 months. The mean rating score for this stock is at 1.90. This rating scale contains from 1 to 5 with 5 representing a Strong Sell, 1 signifying a Strong Buy and 3 demonstrating a Hold. The Volatility was noted at 1.82% in recent month and observed Weekly Volatility of 1.39%.

April 20, 2017 Foot Locker, Inc. (FL), the New York-based specialty athletic retailer,  updated its first quarter and full year 2017 outlook in light of the previously noted slow start to the fiscal year in February.  The Company currently expects earnings in the first quarter ending April 29 to be equal to or slightly below last year’s record earnings, or $1.36 to $1.39 per share.  Comparable store sales in the first quarter are expected to increase at a low-single digit percentage rate.  For the remaining three quarters of the year, the Company continues to believe it will achieve a double-digit earnings per share percentage increase and a mid-single digit comparable store sales percentage increase; however, the sluggish first quarter is expected to result in a revised full-year earnings per share percentage increase in the mid-single digits, excluding the 53rd week.

 

“We mentioned on our 2016 earnings conference call on February 24th that the first quarter of 2017 would be challenging, based on the slower than usual start in the United States,” said Richard Johnson, Chairman and Chief Executive Officer.  “We believe the delay in the issuance of the vast majority of income tax refund checks until after the NBA All-Star Game signifcantly affected our February comparable store sales, which were down low-double digits.  March sales rebounded well, up high-single digits; however, the strength we experienced once income tax refund checks started flowing into our customers’ hands did not fully offset the slow start to the quarter. Encouragingly, we are now having a strong Easter selling period, with April comparable sales likely up low double digits, which we see as confirmation that the customer’s appetite for our exciting product assortments has not changed.”

 

“Our full-year guidance called for a mid single digit percentage comparable store sales increase and a double- digit percentage earnings per share increase,” added Lauren Peters, Executive Vice President and Chief Financial Officer.  “That guidance included little operating leverage this year for several reasons outlined during our earnings call.  With comparable sales that fall short of a mid-single digit percentage increase, we currently expect some operating deleverage in the first quarter.”

Expedia, Inc. (NASDAQ:EXPE) finalized the last transaction at value of $130.95, with a daily change of +0.37% or +0.48 points. The company maintained volume of 1.14 million shares. In past trading day, the stock hit the maximum price of $132.19 and touched to minimum value of $130.76. It has a market cap of $ 19.62B.

Technical Indicators:

As of last trade close, the stock is trading  downside -1.95% from its one year high of $133.55 and moved +35.59% upward from $96.58, which is one year low of the stock.

The stock traded above +3.18% from its 50-day moving average of $126.91. Furthermore, the stock moved up +6.86% to its 200-day MA of $ 122.54.

Expedia, Inc.’s (EXPE) moved with shift of 1.42% in the past week. Over the last three months, the shares of the company have changed 9.98% and performed 8.01% over the last six months. The stock currently has Monthly Volatility of 1.42% and Weekly Volatility of 1.23%.

 

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