Foot Locker Stock Price, News & Analysis (NYSE:FL)

19 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Foot Locker in the last twelve months. There are currently 5 sell ratings, 11 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "reduce" FL shares.
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19 brokers have issued 12-month price targets for Foot Locker's stock. Their FL share price targets range from $11.00 to $62.00. On average, they expect the company's share price to reach $25.32 in the next year. This suggests that the stock has a possible downside of 10.0%.
View analysts price targets for FL or view top-rated stocks among Wall Street analysts.

Foot Locker's stock was trading at $37.79 at the beginning of 2023. Since then, FL stock has decreased by 25.6% and is now trading at $28.13.
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Foot Locker saw a decrease in short interest in the month of November. As of November 15th, there was short interest totaling 10,610,000 shares, a decrease of 15.4% from the October 31st total of 12,540,000 shares. Based on an average trading volume of 4,410,000 shares, the short-interest ratio is presently 2.4 days. Approximately 13.0% of the company's stock are short sold.
View Foot Locker's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, March 18th 2024.
View our FL earnings forecast.

Foot Locker, Inc. (NYSE:FL) issued its earnings results on Wednesday, November, 29th. The athletic footwear retailer reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.07. The athletic footwear retailer had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.96 billion. Foot Locker had a net margin of 0.96% and a trailing twelve-month return on equity of 5.83%. The firm's revenue for the quarter was down 8.6% on a year-over-year basis. During the same period last year, the business posted $1.27 EPS.

Foot Locker declared a quarterly dividend on Tuesday, August 15th. Stockholders of record on Friday, October 13th will be given a dividend of $0.40 per share on Friday, October 27th. This represents a $1.60 dividend on an annualized basis and a yield of 5.69%. The ex-dividend date of this dividend is Thursday, October 12th.
Read our dividend analysis for FL.

Foot Locker (NYSE:FL) pays an annual dividend of $1.60 per share and currently has a dividend yield of 5.39%. FL has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 192.77%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, FL will have a dividend payout ratio of 78.05% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for FL.

ETFs with the largest weight of Foot Locker (NYSE:FL) stock in their portfolio include Invesco S&P MidCap Value with Momentum ETF (XMVM), SPDR S&P Retail ETF (XRT), Invesco S&P MidCap 400 Pure Value ETF (RFV), Global X Health & Wellness ETF (BFIT), Invesco S&P Ultra Dividend Revenue ETF (RDIV) and Goldman Sachs Future Consumer Equity ETF (GBUY).First Trust Mid Cap Value AlphaDEX Fund (FNK) and

Foot Locker updated its fourth quarter earnings guidance on Wednesday, November, 29th. The company provided earnings per share (EPS) guidance of $0.26-0.36 for the period, compared to the consensus estimate of $0.32. The company issued revenue guidance of down 2-4% yr/yr to $2.24-2.29 billion, compared to the consensus revenue estimate of $2.18 billion.

548 employees have rated Foot Locker Chief Executive Officer Richard A. Johnson on Glassdoor.com. Richard A. Johnson has an approval rating of 78% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Foot Locker investors own include Intel (INTC), Walt Disney (DIS), Home Depot (HD), Micron Technology (MU), CVS Health (CVS), Cisco Systems (CSCO), QUALCOMM (QCOM), Bank of America (BAC), Gilead Sciences (GILD) and Alibaba Group (BABA).

Foot Locker's stock is owned by many different retail and institutional investors. Top institutional shareholders include FMR LLC (5.02%), LSV Asset Management (4.44%), Morgan Stanley (3.66%), Allspring Global Investments Holdings LLC (2.76%), Barclays PLC (1.86%) and Bank of New York Mellon Corp (1.09%). Insiders that own company stock include Eugene Nonko, Giovanna Cipriano, John A Maurer, Lauren B Peters, Mary N Dillon, Matthew M Mckenna, Todd Greener and Vesa Equity Investment SA RL.
View institutional ownership trends.

Shares of FL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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