Q1 EPS Estimates for Foot Locker Reduced by Zacks Research

Foot Locker, Inc. (NYSE:FL - Free Report) - Stock analysts at Zacks Research reduced their Q1 2027 earnings per share estimates for shares of Foot Locker in a research report issued on Thursday, June 12th. Zacks Research analyst R. Department now forecasts that the athletic footwear retailer will earn $0.04 per share for the quarter, down from their prior estimate of $0.07. The consensus estimate for Foot Locker's current full-year earnings is $1.23 per share. Zacks Research also issued estimates for Foot Locker's Q3 2027 earnings at $0.41 EPS, Q4 2027 earnings at $0.89 EPS, FY2027 earnings at $1.43 EPS and Q1 2028 earnings at $0.05 EPS.

Foot Locker (NYSE:FL - Get Free Report) last announced its earnings results 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). Foot Locker had a positive return on equity of 3.65% and a negative net margin of 4.54%. The company 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 earnings per share. Foot Locker's revenue for the quarter was down 4.6% compared to the same quarter last year.

Several other research analysts also recently weighed in on FL. Gordon Haskett downgraded shares of Foot Locker from a "moderate buy" rating to a "hold" rating in a research report on Thursday, May 15th. Piper Sandler lowered their price objective on shares of Foot Locker from $19.00 to $12.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th. UBS Group cut their target price on shares of Foot Locker from $22.00 to $21.00 and set a "neutral" rating on the stock in a research note on Thursday, March 6th. Evercore ISI decreased their target price on Foot Locker from $22.00 to $15.00 and set an "outperform" rating for the company in a research report on Friday, April 11th. Finally, The Goldman Sachs Group lowered their price target on Foot Locker from $19.00 to $17.00 and set a "sell" rating on the stock in a report on Tuesday, April 22nd. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $21.20.

Foot Locker Trading Up 0.1%

NYSE FL traded up $0.03 on Monday, hitting $24.00. 2,555,325 shares of the company were exchanged, compared to its average volume of 4,017,645. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.64 and a quick ratio of 0.49. Foot Locker has a twelve month low of $11.00 and a twelve month high of $33.94. The firm has a market capitalization of $2.29 billion, a P/E ratio of -6.36, a price-to-earnings-growth ratio of 1.98 and a beta of 1.74. The company's 50 day moving average price is $18.02 and its 200-day moving average price is $18.63.

Institutional Trading of Foot Locker

Several large investors have recently made changes to their positions in FL. Vanguard Group Inc. lifted its holdings in Foot Locker by 2.0% in the 4th quarter. Vanguard Group Inc. now owns 10,505,006 shares of the athletic footwear retailer's stock worth $228,589,000 after purchasing an additional 210,832 shares during the last quarter. Goldman Sachs Group Inc. raised 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 valued at $44,765,000 after purchasing an additional 136,836 shares during the period. Jacobs Levy Equity Management Inc. lifted its stake 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 during the last quarter. American Century Companies Inc. boosted its holdings in Foot Locker by 17.0% during the first quarter. American Century Companies Inc. now owns 1,940,528 shares of the athletic footwear retailer's stock valued at $27,361,000 after purchasing an additional 281,322 shares in the last quarter. Finally, Cramer Rosenthal Mcglynn LLC grew its stake in shares of Foot Locker by 8.5% in the 1st 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.

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.