Q1 EPS Estimates for Foot Locker Lowered by Zacks Research

Foot Locker, Inc. (NYSE:FL) – Analysts at Zacks Research dropped their Q1 2026 earnings per share estimates for shares of Foot Locker in a research note issued to investors on Wednesday, March 19th. Zacks Research analyst R. Department now anticipates that the athletic footwear retailer will post earnings of ($0.01) per share for the quarter, down from their previous estimate of $0.36. 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 Q4 2026 earnings at $0.88 EPS, Q1 2027 earnings at $0.07 EPS, Q2 2027 earnings at $0.20 EPS and Q4 2027 earnings at $0.87 EPS.

Foot Locker (NYSE:FL) last issued its earnings results on Wednesday, March 5th. The athletic footwear retailer reported $0.86 EPS for the quarter, topping the consensus estimate 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 positive return on equity of 2.91% and a negative net margin of 5.24%. The firm’s revenue for the quarter was down 5.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.38 EPS.

Other equities analysts have also recently issued reports about the company. The Goldman Sachs Group dropped their price objective on Foot Locker from $25.00 to $22.00 and set a “sell” rating for the company in a report on Thursday, December 5th. Williams Trading raised Foot Locker from a “sell” rating to a “hold” rating and lifted their price objective for the company from $17.00 to $21.00 in a report on Wednesday, November 27th. Barclays set a $24.00 price objective on Foot Locker in a report on Wednesday, March 5th. Evercore ISI dropped their price objective on Foot Locker from $30.00 to $22.00 and set an “outperform” rating for the company in a report on Monday, March 3rd. Finally, Guggenheim dropped their price objective on Foot Locker from $34.00 to $28.00 and set a “buy” rating for the company in a report on Thursday, December 5th. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $22.81.

Foot Locker Stock Performance

FL opened at $16.13 on Monday. The business has a fifty day simple moving average of $18.70 and a 200 day simple moving average of $22.01. The company has a market capitalization of $1.53 billion, a PE ratio of -3.58, a price-to-earnings-growth ratio of 0.53 and a beta of 1.55. Foot Locker has a 1 year low of $14.98 and a 1 year high of $33.94. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.67 and a quick ratio of 0.45.

Hedge Funds Weigh In On Foot Locker

Institutional investors and hedge funds have recently bought and sold shares of the company. Harbour Investments Inc. grew its holdings in Foot Locker by 81.6% during the fourth quarter. Harbour Investments Inc. now owns 1,442 shares of the athletic footwear retailer’s stock valued at $31,000 after purchasing an additional 648 shares during the period. Aster Capital Management DIFC Ltd bought a new position in Foot Locker during the fourth quarter valued at $32,000. Wilmington Savings Fund Society FSB bought a new position in Foot Locker during the third quarter valued at $58,000. R Squared Ltd bought a new position in Foot Locker during the fourth quarter valued at $50,000. Finally, Sterling Capital Management LLC grew its holdings in Foot Locker by 819.2% during the fourth quarter. Sterling Capital Management LLC now owns 2,629 shares of the athletic footwear retailer’s stock valued at $57,000 after purchasing an additional 2,343 shares during the period.

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.