Of 19 analysts covering Foot Locker, 18 have moved to the sidelines with a Hold rating. Only one has a Buy rating. At a recent price of around $32.00 a share, the implied gain based on a median price target of $37.00 is 13.5%. At the high price target of $47.00, the upside potential is 27%.
Fiscal 2023 third-quarter revenue is forecast at $2.1 billion, which would be up 1.8% sequentially but down 4.1% year over year. Adjusted EPS are forecast at $1.12, up 2.1% sequentially and down 42.0% year over year. For the full fiscal year ending in January, Foot Locker is currently expected to report EPS of $4.27, down 45%, on revenue of $8.32 billion, down 7.1%.
Shares trade at 7.4 times expected 2023 EPS, 8.0 times estimated 2024 earnings of $3.96 and 7.6 times estimated 2025 earnings of $4.20 per share. Foot Locker’s 52-week trading range is $23.85 to $57.56.The company pays an annual dividend of $1.60 (yield of 4.73%). Total shareholder return for the past year was negative 40.6%.
JD.com
Beijing-based JD.com Inc. (NASDAQ: JD) is China’s second-largest e-commerce company. Shares have plunged nearly 38% over the past 12 months. The company expects to win regulatory approval from China for a Hong Kong IPO of its JD Tech subsidiary after failing in an earlier attempt this year. This week, Ant Group’s consumer finance unit doubled its registered capital in an effort to clear the way for its own IPO. The Chinese government’s crackdown on big tech firms apparently has been eased somewhat by the country’s faltering economic growth.
Of 38 analysts covering the stock, 36 have a Buy or Strong Buy rating. At a share price of around $53.25, the stock’s implied upside based on a median price target of $78.93 is about 48.2%. At the high price target of $115.58, the upside potential is 117%.
Analysts expect JD.com to report third-quarter revenue of $34.45 billion, down 13.7% sequentially but 1.6% higher year over year. Adjusted EPS are expected to come in at $0.63, up 4.6% sequentially and by 28.6% year over year. For the full 2022 fiscal year, EPS is forecast at $2.08, up 23.2%, on sales of $1550.38 billion, up 0.4% year over year.
JD.com stock trades at 25.5 times expected 2022 EPS, 19.0 times estimated 2023 earnings of $2.80 and 14.8 times estimated 2024 earnings of $3.59 per share. The stock’s 52-week range is $33.17 to $92.69, and the company does not pay a dividend. Total shareholder return over the past year is negative 36.5%.
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