Foot Locker (FL) Stock Forecast, Price & News

18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Foot Locker in the last twelve months. There are currently 1 sell rating, 12 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" FL shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in FL, but not buy additional shares or sell existing shares.
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18 brokerages have issued 12 month target prices for Foot Locker's stock. Their FL share price forecasts range from $11.00 to $62.00. On average, they expect the company's share price to reach $27.83 in the next year. This suggests a possible upside of 53.6% from the stock's current price.
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Foot Locker's stock was trading at $37.79 on January 1st, 2023. Since then, FL stock has decreased by 52.1% and is now trading at $18.12.
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Foot Locker saw a increase in short interest during the month of August. As of August 15th, there was short interest totaling 11,270,000 shares, an increase of 8.6% from the July 31st total of 10,380,000 shares. Based on an average daily trading volume, of 4,160,000 shares, the short-interest ratio is presently 2.7 days. Approximately 13.9% of the shares of the company are short sold.
View Foot Locker's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Friday, November 17th 2023.
View our FL earnings forecast.

Foot Locker, Inc. (NYSE:FL) issued its quarterly earnings data on Wednesday, August, 23rd. The athletic footwear retailer reported $0.04 earnings per share for the quarter, meeting analysts' consensus estimates of $0.04. The athletic footwear retailer had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.88 billion. Foot Locker had a net margin of 1.76% and a trailing twelve-month return on equity of 8.65%. The company's quarterly revenue was down 9.9% on a year-over-year basis. During the same quarter last year, the company posted $1.10 EPS.

Foot Locker announced a quarterly dividend on Tuesday, August 15th. Shareholders of record on Friday, October 13th will be paid 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 8.83%. The ex-dividend date of this dividend is Thursday, October 12th.
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 (NYSE:FL) pays an annual dividend of $1.60 per share and currently has a dividend yield of 8.82%. 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 103.90%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, FL will have a dividend payout ratio of 74.42% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for FL.

Foot Locker updated its FY 2023 earnings guidance on Wednesday, August, 23rd. The company provided EPS guidance of $1.30-$1.50 for the period, compared to the consensus EPS estimate of $2.01. The company issued revenue guidance of $7.96 billion-$8.05 billion, compared to the consensus revenue estimate of $8.05 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 trades on the New York Stock Exchange (NYSE) under the ticker symbol "FL."

Foot Locker's stock is owned by a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (10.21%), Dimensional Fund Advisors LP (5.32%), LSV Asset Management (4.48%), Goldman Sachs Group Inc. (3.71%), State Street Corp (3.25%) and Victory Capital Management Inc. (3.16%). Insiders that own company stock include Eugene Nonko, Giovanna Cipriano, John A Maurer, John A Maurer, Lauren B Peters, Mary N Dillon, Matthew M Mckenna, Richard A Johnson, Todd Greener, Vesa Equity Investment SA RL and William Scott Martin.
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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One share of FL stock can currently be purchased for approximately $18.12.

Foot Locker (NYSE:FL) has a market capitalization of $1.71 billion and generates $8.76 billion in revenue each year. The athletic footwear retailer earns $342 million in net income (profit) each year or $1.54 on an earnings per share basis.

The company employs 46,880 workers across the globe.

Foot Locker's mailing address is 330 WEST 34TH STREET, NEW YORK NY, 10001. The official website for the company is www.footlocker-inc.com. The athletic footwear retailer can be reached via phone at (212) 720-3700, via email at ir@footlocker.com, or via fax at 212-553-7026.