Telsey Advisory Group Comments on Foot Locker Q3 Earnings

Foot Locker, Inc. (NYSE:FL - Free Report) - Research analysts at Telsey Advisory Group lowered their Q3 2026 earnings per share estimates for Foot Locker in a note issued to investors 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 prior estimate of $0.36. Telsey Advisory Group currently has a "Market Perform" rating and a $24.00 price target 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.

Several other brokerages have also recently commented on FL. Needham & Company LLC set a $24.00 price target on Foot Locker in a research report on Thursday, May 29th. Robert W. Baird set a $24.00 price target on Foot Locker in a research report on Thursday, May 29th. The Goldman Sachs Group reduced their price target on Foot Locker from $19.00 to $17.00 and set a "sell" rating for the company in a research report on Tuesday, April 22nd. Morgan Stanley reduced their price target on Foot Locker from $16.00 to $14.00 and set an "underweight" rating for the company in a research report on Tuesday, May 6th. Finally, UBS Group cut their price objective on Foot Locker from $22.00 to $21.00 and set a "neutral" rating for the company in a research report on Thursday, March 6th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $21.44.

Foot Locker Stock Up 0.6%

Shares of NYSE:FL traded up $0.15 during mid-day trading on Monday, reaching $23.95. 5,950,391 shares of the stock were exchanged, compared to its average volume of 3,968,528. The stock's 50 day simple moving average is $16.02 and its 200-day simple moving average is $18.63. Foot Locker has a one year low of $11.00 and a one year high of $33.94. The company has a quick ratio of 0.45, a current ratio of 1.67 and a debt-to-equity ratio of 0.15. The company has a market cap of $2.28 billion, a P/E ratio of -5.31, a P/E/G ratio of 0.53 and a beta of 1.73.

Foot Locker (NYSE:FL - Get Free Report) last posted its quarterly earnings data on Thursday, May 29th. The athletic footwear retailer reported ($0.07) earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of ($0.07). The business had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.86 billion. Foot Locker had a positive return on equity of 2.91% and a negative net margin of 5.24%. Foot Locker's quarterly revenue was down 4.6% on a year-over-year basis. During the same period last year, the company earned $0.22 earnings per share.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in FL. Allspring Global Investments Holdings LLC lifted its stake in shares of Foot Locker by 88.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 5,323,597 shares of the athletic footwear retailer's stock valued at $115,365,000 after purchasing an additional 2,500,396 shares during the period. Cramer Rosenthal Mcglynn LLC acquired a new position in shares of Foot Locker in the 4th quarter valued at about $34,835,000. Cooper Creek Partners Management LLC acquired a new position in shares of Foot Locker in the 4th quarter valued at about $30,416,000. Segall Bryant & Hamill LLC acquired a new position in shares of Foot Locker in the 4th quarter valued at about $18,640,000. Finally, Jacobs Levy Equity Management Inc. lifted its stake in shares of Foot Locker by 67.9% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 1,906,406 shares of the athletic footwear retailer's stock valued at $41,483,000 after purchasing an additional 770,932 shares during the period.

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.