07.03.2016 - We forecast growth ofFoot Locker stocks
The stock price of Foot Locker may resume growth after the recent fall in connection with the expected increase in sales in the spring, as well as the development of a network of stores abroad. It is worth mentioning that earlier the company reported results for the 4th quarter according to which the profit totaled 158 million dollars against 146 million dollars during the same period last year. Besides sales exceeded 2 billion dollars against 1.91 billion dollars in the last quarter of 2014. According to our estimates, the company's shares can compensate the recent fall and rise by 10-15% in the coming weeks.