Zacks Research Reduces Earnings Estimates for Foot Locker

Foot Locker, Inc. (NYSE:FL) – Analysts at Zacks Research cut their Q2 2026 earnings per share estimates for shares of Foot Locker in a note issued to investors on Wednesday, March 19th. Zacks Research analyst R. Department now forecasts that the athletic footwear retailer will post earnings of $0.15 per share for the quarter, down from their previous estimate of $0.21. The consensus estimate for Foot Locker’s current full-year earnings is $1.23 per share. Zacks Research also issued estimates for Foot Locker’s Q3 2026 earnings at $0.40 EPS, FY2026 earnings at $1.42 EPS, Q3 2027 earnings at $0.48 EPS, FY2027 earnings at $1.62 EPS and FY2028 earnings at $1.90 EPS.

Other research analysts have also issued research reports about the stock. The Goldman Sachs Group cut their price target on shares of Foot Locker from $25.00 to $22.00 and set a “sell” rating on the stock in a report on Thursday, December 5th. Williams Trading raised shares of Foot Locker from a “sell” rating to a “hold” rating and upped their price target for the stock from $17.00 to $21.00 in a research report on Wednesday, November 27th. Guggenheim cut their price objective on Foot Locker from $34.00 to $28.00 and set a “buy” rating on the stock in a research report on Thursday, December 5th. Piper Sandler decreased their target price on Foot Locker from $23.00 to $19.00 and set a “neutral” rating for the company in a research report on Thursday, March 6th. Finally, Robert W. Baird dropped their target price on Foot Locker from $24.00 to $20.00 and set a “neutral” rating on the stock in a report on Thursday, March 6th. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $22.81.

Foot Locker Trading Up 0.5 %

Shares of FL opened at $16.13 on Friday. The stock’s fifty day simple moving average is $18.70 and its 200 day simple moving average is $22.06. The firm has a market capitalization of $1.53 billion, a P/E ratio of -3.58, a price-to-earnings-growth ratio of 0.53 and a beta of 1.55. The company has a current ratio of 1.67, a quick ratio of 0.45 and a debt-to-equity ratio of 0.15. Foot Locker has a twelve month low of $14.98 and a twelve month high of $33.94.

Foot Locker (NYSE:FL) last posted its quarterly earnings data on Wednesday, March 5th. The athletic footwear retailer reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.13. The company had revenue of $2.25 billion during the quarter, compared to the consensus estimate of $2.32 billion. Foot Locker had a negative net margin of 5.24% and a positive return on equity of 2.91%. The company’s quarterly revenue was down 5.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.38 EPS.

Institutional Investors Weigh In On Foot Locker

A number of institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in Foot Locker by 2.0% in the fourth quarter. Vanguard Group Inc. now owns 10,505,006 shares of the athletic footwear retailer’s stock valued at $228,589,000 after buying an additional 210,832 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Foot Locker by 88.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 5,323,597 shares of the athletic footwear retailer’s stock valued at $115,365,000 after acquiring an additional 2,500,396 shares in the last quarter. Geode Capital Management LLC lifted its stake in Foot Locker by 1.3% during the third quarter. Geode Capital Management LLC now owns 1,908,253 shares of the athletic footwear retailer’s stock worth $49,319,000 after purchasing an additional 25,394 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its holdings in Foot Locker by 67.9% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 1,906,406 shares of the athletic footwear retailer’s stock worth $41,483,000 after purchasing an additional 770,932 shares during the period. Finally, American Century Companies Inc. increased its stake in Foot Locker by 5.2% during the fourth quarter. American Century Companies Inc. now owns 1,659,206 shares of the athletic footwear retailer’s stock valued at $36,104,000 after purchasing an additional 81,814 shares during the last quarter.

Foot Locker Company Profile

Foot Locker, Inc, through its subsidiaries, operates as a footwear and apparel retailer in North America, Europe, Australia, New Zealand, Asia, and the Middle East. Its brand portfolio includes Foot Locker, a brand comprising sneakers and apparel; Kids Foot Locker, which offers athletic footwear, apparel, and accessories for children; and Champs Sports that operates as a mall-based specialty athletic footwear and apparel retailer.