Foot Locker (NYSE:FL) Receives Market Perform Rating from Telsey Advisory Group

Foot Locker (NYSE:FL - Get Free Report)'s stock had its "market perform" rating reiterated by equities researchers at Telsey Advisory Group in a note issued to investors on Friday,Benzinga reports. They currently have a $24.00 price target on the athletic footwear retailer's stock. Telsey Advisory Group's price objective indicates a potential upside of 1.01% from the company's current price. Telsey Advisory Group also issued estimates for Foot Locker's Q3 2026 earnings at $0.32 EPS, Q4 2026 earnings at $0.85 EPS, Q3 2027 earnings at $0.39 EPS, Q4 2027 earnings at $0.88 EPS and FY2027 earnings at $1.40 EPS.

Other analysts also recently issued reports about the stock. Gordon Haskett downgraded shares of Foot Locker from a "moderate buy" rating to a "hold" rating in a report on Thursday, May 15th. Piper Sandler dropped their price objective on shares of Foot Locker from $19.00 to $12.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Barclays downgraded shares of Foot Locker from an "overweight" rating to an "equal weight" rating in a report on Thursday, May 29th. The Goldman Sachs Group dropped their price objective on shares of Foot Locker from $19.00 to $17.00 and set a "sell" rating for the company in a report on Tuesday, April 22nd. Finally, JPMorgan Chase & Co. raised shares of Foot Locker from an "underweight" rating to a "neutral" rating and lifted their price objective for the stock from $16.00 to $24.00 in a report on Thursday, May 15th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Foot Locker presently has a consensus rating of "Hold" and an average target price of $21.44.

Foot Locker Price Performance

NYSE:FL traded up $0.04 during trading hours on Friday, hitting $23.76. The stock had a trading volume of 1,919,270 shares, compared to its average volume of 3,937,916. The company has a 50 day simple moving average of $15.47 and a two-hundred day simple moving average of $18.54. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.67 and a quick ratio of 0.45. Foot Locker has a one year low of $11.00 and a one year high of $33.94. The firm has a market capitalization of $2.26 billion, a price-to-earnings ratio of -5.27, a P/E/G ratio of 0.53 and a beta of 1.42.

Foot Locker (NYSE:FL - Get Free Report) last announced its quarterly earnings results on Thursday, May 29th. The athletic footwear retailer reported ($0.07) EPS for the quarter, meeting the consensus estimate of ($0.07). Foot Locker had a negative net margin of 5.24% and a positive return on equity of 2.91%. The firm had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same period last year, the firm earned $0.22 EPS. The business's quarterly revenue was down 4.6% compared to the same quarter last year. Research analysts forecast that Foot Locker will post 1.23 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Foot Locker

Hedge funds and other institutional investors have recently modified their holdings of the company. Summit Investment Advisors Inc. increased its position in shares of Foot Locker by 6.9% during the fourth quarter. Summit Investment Advisors Inc. now owns 8,728 shares of the athletic footwear retailer's stock valued at $190,000 after buying an additional 562 shares during the period. Harbour Investments Inc. grew its holdings in Foot Locker by 81.6% in the fourth quarter. Harbour Investments Inc. now owns 1,442 shares of the athletic footwear retailer's stock worth $31,000 after purchasing an additional 648 shares during the period. Signaturefd LLC grew its holdings in Foot Locker by 27.2% in the first quarter. Signaturefd LLC now owns 4,579 shares of the athletic footwear retailer's stock worth $65,000 after purchasing an additional 980 shares during the period. Foundry Partners LLC grew its holdings in Foot Locker by 8.8% in the fourth quarter. Foundry Partners LLC now owns 12,784 shares of the athletic footwear retailer's stock worth $278,000 after purchasing an additional 1,031 shares during the period. Finally, Aster Capital Management DIFC Ltd purchased a new stake in Foot Locker in the fourth quarter worth about $32,000.

About Foot Locker

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.