Q3 EPS Estimates for Foot Locker Cut by Analyst

Foot Locker, Inc. (NYSE:FL - Free Report) - Telsey Advisory Group decreased their Q3 2026 earnings per share estimates for Foot Locker in a report released on Thursday, May 29th. Telsey Advisory Group analyst C. Fernandez now forecasts that the athletic footwear retailer will post earnings per share of $0.32 for the quarter, down from their previous estimate of $0.36. Telsey Advisory Group has a "Market Perform" rating and a $24.00 price objective on the stock. The consensus estimate for Foot Locker's current full-year earnings is $1.23 per share. Telsey Advisory Group also issued estimates for Foot Locker's 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.

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). The firm had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.86 billion. Foot Locker had a negative net margin of 5.24% and a positive return on equity of 2.91%. The company's revenue for the quarter was down 4.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.22 EPS.

A number of other research firms have also commented on FL. Morgan Stanley reduced their price target on Foot Locker from $16.00 to $14.00 and set an "underweight" rating on the stock in a research report on Tuesday, May 6th. UBS Group reduced their target price on Foot Locker from $22.00 to $21.00 and set a "neutral" rating on the stock in a report on Thursday, March 6th. Evercore ISI decreased 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 report on Friday, April 11th. JPMorgan Chase & Co. upgraded shares of Foot Locker from an "underweight" rating to a "neutral" rating and boosted their price target for the stock from $16.00 to $24.00 in a research report on Thursday, May 15th. Finally, The Goldman Sachs Group reduced their price objective on shares of Foot Locker from $19.00 to $17.00 and set a "sell" rating on the stock in a research note on Tuesday, April 22nd. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $21.44.

Foot Locker Trading Up 0.1%

NYSE FL traded up $0.02 on Monday, reaching $23.74. The company had a trading volume of 3,958,888 shares, compared to its average volume of 5,120,085. The firm has a market cap of $2.26 billion, a price-to-earnings ratio of -5.26, a P/E/G ratio of 0.53 and a beta of 1.42. 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 fifty-two week low of $11.00 and a fifty-two week high of $33.94. The business has a 50 day moving average of $15.47 and a two-hundred day moving average of $18.54.

Institutional Trading of Foot Locker

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. KBC Group NV raised its holdings in shares of Foot Locker by 5,148.1% in the 4th quarter. KBC Group NV now owns 121,493 shares of the athletic footwear retailer's stock worth $2,644,000 after acquiring an additional 119,178 shares during the last quarter. R Squared Ltd purchased a new stake in shares of Foot Locker in the fourth quarter worth approximately $50,000. Jennison Associates LLC lifted its holdings in shares of Foot Locker by 25.7% in the fourth quarter. Jennison Associates LLC now owns 640,351 shares of the athletic footwear retailer's stock valued at $13,934,000 after purchasing an additional 130,927 shares in the last quarter. Empowered Funds LLC boosted its position in shares of Foot Locker by 8.0% during the fourth quarter. Empowered Funds LLC now owns 416,498 shares of the athletic footwear retailer's stock valued at $9,063,000 after buying an additional 30,977 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its holdings in Foot Locker by 88.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 5,323,597 shares of the athletic footwear retailer's stock worth $115,365,000 after buying an additional 2,500,396 shares in 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.