Foot Locker Stock: Buy, Sell or Hold?
Judging by the stock's 2023 performance thus far, Wall Street has very low expectations for Foot Locker's (NYSE: FL) returns. The retailer's shares are down over 30% through late July even as the wider market is up 20%. Foot Locker is also trailing industry peers like Nike (NYSE: NKE) and (NASDAQ: CROX) so far this year.
There are some good reasons for these performance disparities. Foot Locker's last earnings report showed mounting pressure on the business from weak demand. The footwear and apparel seller has limited options available to engineer a quick rebound, too.
Yet the stock is priced low enough that it might generate solid returns even in a slow-growth scenario. With that in mind, let's look at whether Foot Locker stock is a buy right now.
Source Fool.com
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