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

Foot Locker (NYSE:FL - Get Free Report)'s stock had its "market perform" rating reissued by equities research analysts at Telsey Advisory Group in a research report issued on Friday,Benzinga reports. They presently have a $24.00 target price on the athletic footwear retailer's stock. Telsey Advisory Group's price objective would suggest a potential upside of 0.97% 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.

FL has been the subject of several other research reports. UBS Group decreased their price target on Foot Locker from $22.00 to $21.00 and set a "neutral" rating for the company in a research note on Thursday, March 6th. Wall Street Zen cut Foot Locker from a "hold" rating to a "sell" rating in a research note on Friday, April 11th. Evercore ISI dropped their target price on Foot Locker from $22.00 to $15.00 and set an "outperform" rating on the stock in a report on Friday, April 11th. Robert W. Baird set a $24.00 target price on Foot Locker in a report on Thursday. Finally, Gordon Haskett lowered Foot Locker from a "moderate buy" rating to a "hold" rating in a report on Thursday, May 15th. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $21.44.

Foot Locker Stock Down 0.7%

Shares of Foot Locker stock traded down $0.16 on Friday, reaching $23.77. 4,231,823 shares of the company were exchanged, compared to its average volume of 3,945,004. Foot Locker has a one year low of $11.00 and a one year high of $33.94. The company has a market capitalization of $2.26 billion, a price-to-earnings ratio of -5.27, a PEG ratio of 0.53 and a beta of 1.42. The company has a current ratio of 1.67, a quick ratio of 0.45 and a debt-to-equity ratio of 0.15. The company has a 50-day moving average of $15.30 and a 200 day moving average of $18.58.

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

Hedge Funds Weigh In On Foot Locker

Institutional investors and hedge funds have recently bought and sold shares of the stock. Bayforest Capital Ltd lifted its position in shares of Foot Locker by 246.8% in the first quarter. Bayforest Capital Ltd now owns 14,682 shares of the athletic footwear retailer's stock valued at $207,000 after acquiring an additional 10,449 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Foot Locker by 14.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 301,304 shares of the athletic footwear retailer's stock valued at $4,248,000 after buying an additional 37,838 shares during the period. Empowered Funds LLC boosted its holdings in shares of Foot Locker by 1.7% in the first quarter. Empowered Funds LLC now owns 423,463 shares of the athletic footwear retailer's stock valued at $5,971,000 after purchasing an additional 6,965 shares during the period. Caxton Associates LLP purchased a new stake in shares of Foot Locker in the first quarter valued at approximately $615,000. Finally, Goldman Sachs Group Inc. lifted its holdings in Foot Locker by 4.5% during the first quarter. Goldman Sachs Group Inc. now owns 3,174,832 shares of the athletic footwear retailer's stock worth $44,765,000 after buying an additional 136,836 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.