Telsey Advisory Group Predicts Foot Locker Q3 Earnings

Key Points

• Analysts at Telsey Advisory Group have decreased their Q3 2026 earnings per share estimate for Foot Locker from $0.32 to $0.27, with a current "Market Perform" rating and a target price of $24.00.
• Foot Locker reported a quarterly earnings miss, with an EPS of (0.27) that fell short of the consensus estimate of $0.05 and a revenue of $1.86 billion against an expected $1.87 billion.
• Institutional investors such as Ameriprise Financial and Charles Schwab have increased their stakes in Foot Locker, indicating potential positive sentiment amid recent challenges.

Foot Locker, Inc. (NYSE:FL - Free Report) - Stock analysts at Telsey Advisory Group reduced their Q3 2026 earnings per share (EPS) estimates for shares of Foot Locker in a report issued on Wednesday, August 27th. Telsey Advisory Group analyst C. Fernandez now forecasts that the athletic footwear retailer will post earnings per share of $0.27 for the quarter, down from their prior forecast of $0.32. Telsey Advisory Group 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 $0.77 EPS, Q1 2027 earnings at $0.04 EPS, Q3 2027 earnings at $0.32 EPS and Q4 2027 earnings at $0.79 EPS.

Foot Locker (NYSE:FL - Get Free Report) last posted its earnings results on Wednesday, August 27th. The athletic footwear retailer reported ($0.27) EPS for the quarter, missing analysts' consensus estimates of $0.05 by ($0.32). The business had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.87 billion. Foot Locker had a positive return on equity of 2.92% and a negative net margin of 4.90%.The firm's revenue for the quarter was down 2.3% on a year-over-year basis. During the same period in the previous year, the business posted ($0.05) EPS.

Several other analysts have also commented on the company. Needham & Company LLC reaffirmed a "hold" rating on shares of Foot Locker in a report on Wednesday, August 27th. Morgan Stanley cut their price objective on Foot Locker from $16.00 to $14.00 and set an "underweight" rating for the company in a report on Tuesday, May 6th. JPMorgan Chase & Co. raised 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. Robert W. Baird lifted their price objective on Foot Locker from $24.00 to $26.00 and gave the stock a "neutral" rating in a report on Thursday, August 28th. Finally, Wall Street Zen downgraded Foot Locker to a "strong sell" rating in a research report on Saturday. Two investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $21.33.

Foot Locker Stock Down 2.2%

Shares of Foot Locker stock traded down $0.56 on Friday, reaching $24.15. The company's stock had a trading volume of 1,666,565 shares, compared to its average volume of 4,709,735. The company has a market capitalization of $2.30 billion, a price-to-earnings ratio of -5.99, a P/E/G ratio of 2.23 and a beta of 1.79. The firm's fifty day simple moving average is $25.19 and its two-hundred day simple moving average is $20.11. Foot Locker has a 52 week low of $11.00 and a 52 week high of $30.87. The company has a quick ratio of 0.45, a current ratio of 1.59 and a debt-to-equity ratio of 0.17.

Institutional Investors Weigh In On Foot Locker

A number of hedge funds have recently made changes to their positions in the company. Goldman Sachs Group Inc. lifted its position in shares of Foot Locker by 4.5% in 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 in the last quarter. Jacobs Levy Equity Management Inc. lifted its position in shares of Foot Locker by 20.2% in the first quarter. Jacobs Levy Equity Management Inc. now owns 2,290,707 shares of the athletic footwear retailer's stock worth $32,299,000 after buying an additional 384,301 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Foot Locker by 4.2% in the second quarter. American Century Companies Inc. now owns 2,022,158 shares of the athletic footwear retailer's stock worth $49,543,000 after buying an additional 81,630 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Foot Locker by 1.8% in the second quarter. Geode Capital Management LLC now owns 1,995,504 shares of the athletic footwear retailer's stock worth $48,896,000 after buying an additional 35,966 shares in the last quarter. Finally, Cramer Rosenthal Mcglynn LLC raised its position in Foot Locker by 8.5% during the first quarter. Cramer Rosenthal Mcglynn LLC now owns 1,736,845 shares of the athletic footwear retailer's stock valued at $24,490,000 after purchasing an additional 135,982 shares during the period.

Insider Activity at Foot Locker

In related news, CAO Giovanna Cipriano sold 22,383 shares of the business's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $24.90, for a total value of $557,336.70. Following the sale, the chief accounting officer directly owned 93,895 shares in the company, valued at approximately $2,337,985.50. The trade was a 19.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.20% of the company's stock.

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.