Q1 EPS Estimates for Foot Locker Decreased by Zacks Research

Foot Locker, Inc. (NYSE:FL) – Stock analysts at Zacks Research cut their Q1 2027 earnings estimates for Foot Locker in a research note issued to investors on Thursday, June 12th. Zacks Research analyst R. Department now forecasts that the athletic footwear retailer will post earnings of $0.04 per share for the quarter, down from their prior forecast of $0.07. 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 2027 earnings at $0.41 EPS, Q4 2027 earnings at $0.89 EPS, FY2027 earnings at $1.43 EPS and Q1 2028 earnings at $0.05 EPS.

FL has been the topic of a number of other research reports. Wall Street Zen cut Foot Locker from a “hold” rating to a “sell” rating in a research note on Friday, April 11th. Robert W. Baird set a $24.00 price target on shares of Foot Locker in a research report on Thursday, May 29th. Citigroup lifted their price objective on shares of Foot Locker from $20.00 to $24.00 and gave the company a “neutral” rating in a research report on Friday, May 16th. Morgan Stanley dropped their target price on shares of Foot Locker from $16.00 to $14.00 and set an “underweight” rating on the stock in a report on Tuesday, May 6th. Finally, Evercore ISI cut their target price on shares of Foot Locker from $22.00 to $15.00 and set an “outperform” rating for the company in a research note on Friday, April 11th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $21.20.

Foot Locker Stock Performance

Shares of NYSE FL opened at $23.98 on Monday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.49 and a current ratio of 1.64. The stock has a 50 day moving average price of $17.82 and a 200 day moving average price of $18.60. The stock has a market capitalization of $2.28 billion, a PE ratio of -6.36, a price-to-earnings-growth ratio of 1.98 and a beta of 1.74. Foot Locker has a 52 week low of $11.00 and a 52 week high of $33.94.

Foot Locker (NYSE:FL) last issued its quarterly earnings results on Thursday, May 29th. The athletic footwear retailer reported ($0.07) EPS for the quarter, hitting the consensus estimate of ($0.07). Foot Locker had a negative net margin of 4.54% and a positive return on equity of 3.65%. The firm had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.86 billion. During the same period in the previous year, the firm posted $0.22 EPS. The company’s revenue for the quarter was down 4.6% on a year-over-year basis.

Institutional Trading of Foot Locker

Institutional investors and hedge funds have recently made changes to their positions in the company. Ameriprise Financial Inc. grew its position in Foot Locker by 66.5% in the fourth quarter. Ameriprise Financial Inc. now owns 541,659 shares of the athletic footwear retailer’s stock valued at $11,786,000 after acquiring an additional 216,352 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in shares of Foot Locker in the 4th quarter valued at approximately $5,473,000. Smartleaf Asset Management LLC grew its holdings in shares of Foot Locker by 198.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,876 shares of the athletic footwear retailer’s stock valued at $63,000 after purchasing an additional 1,911 shares during the last quarter. Sei Investments Co. increased its position in Foot Locker by 140.8% during the 4th quarter. Sei Investments Co. now owns 412,988 shares of the athletic footwear retailer’s stock worth $8,987,000 after purchasing an additional 241,504 shares in the last quarter. Finally, Vontobel Holding Ltd. lifted its stake in Foot Locker by 171.3% in the 4th quarter. Vontobel Holding Ltd. now owns 30,229 shares of the athletic footwear retailer’s stock valued at $658,000 after purchasing an additional 19,085 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.