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Foot Locker (FL) Stock Forecast, Price & News

$25.84
-0.68 (-2.56%)
(As of 06/9/2023 ET)
Compare
Today's Range
$25.69
$26.71
50-Day Range
$24.61
$42.09
52-Week Range
$23.85
$47.22
Volume
2.33 million shs
Average Volume
3.19 million shs
Market Capitalization
$2.41 billion
P/E Ratio
10.01
Dividend Yield
6.19%
Price Target
$38.80

Foot Locker MarketRank™ Forecast

Analyst Rating
Hold
2.15 Rating Score
Upside/​Downside
50.2% Upside
$38.80 Price Target
Short Interest
Bearish
13.14% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-2.22
Upright™ Environmental Score
News Sentiment
-0.01mentions of Foot Locker in the last 14 days
Based on 6 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
41.15%
From $2.09 to $2.95 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.09 out of 5 stars

Retail/Wholesale Sector

7th out of 209 stocks

Shoe Stores Industry

1st out of 5 stocks


FL stock logo

About Foot Locker (NYSE:FL) Stock

Foot Locker, Inc. engages in the retail of athletic shoes and apparel. The firm uses its omni-channel capabilities to bridge the digital world and physical stores, including order-in-store, buy online and pickup-in-store, and buy online and ship-from-store, as well as e-commerce. It operates through following segments: North America, EMEA (Europe, Middle East, and Africa, and Asia Pacific. The North America segment includes the following banners operating in the U.S. and Canada: Foot Locker, Kids Foot Locker, Lady Foot Locker, Champs Sports, and Footaction. The EMEA segment includes the following banners operating in Europe: Foot Locker, Runners Point, Sidestep, and Kids Foot Locker. The Asia Pacific segment includes Foot Locker and Kids Foot Locker operating in Australia, New Zealand, and Asia. The company was founded on April 7, 1989 and is headquartered in New York, NY.

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FL Stock News Headlines

Can Lowe’s Lead Discretionary Stocks Lower In 2023? (FL)
Lowe's report echoes those of Home Depot and Foot Locker, which point to accelerated slowing in consumer discretionary spending.
Dick’s Sporting Goods Deserves A Higher Price Multiple  (FL)
Dick's Sporting Goods is an undervalued name that could see a multiple expansion take it to new all-time highs over the next few quarters.
How A.I. Could Make Most 21st Century Diseases EXTINCT
On December 22, 2022, AI discovered a new treatment for multiple myeloma... in just 4 months... On March 19, 2023, AI discovered a new drug for liver cancer... in only 30 days... There's one small-cap at the center of it all. Bill Gates owns 7 million shares... Billionaire hedge-fund manager Steve Cohen owns 1.4 million shares...
DXC Technology, Farfetch rise; Foot Locker, Flowers Foods fall
Stocks that traded heavily or had substantial price changes Friday: DXC Technology, Farfetch rise; Foot Locker, Flowers Foods fall
Foot Locker And The Ebbing Tide Of Discretionary Spending 
Foot Locker's results are a good reason why discretionary names will underperform in the 2nd half of 2023; but this stock may have just priced in the worst.
Why Foot Locker Stock Sank 40% in May
The single greatest medical breakthrough of all time?
We are on the cusp of a medical breakthrough. And soon, this single breakthrough could lead to the cure of over 6,000 genetic diseases, including Alzheimer's, heart disease, and even cancer! This reminds me of Amgen, where early investors made as much as 46,751% when they released their revolutionary drug to the market.
Foot Locker Insider Ups Holding By 132% During Year
Foot Locker (NYSE:FL) Releases FY 2023 Earnings Guidance
Foot Locker (NYSE: FL)
Foot Locker (NYSE:FL) Price Target Cut to $42.00
Foot Locker (NYSE:FL) Sees Unusually-High Trading Volume
Foot Locker (NYSE:FL) Price Target Cut to $28.00
See More Headlines

FL Price History

FL Company Calendar

Ex-Dividend for 4/28 Dividend
4/13/2023
Dividend Payable
4/28/2023
Last Earnings
5/19/2023
Today
6/09/2023
Ex-Dividend for 7/28 Dividend
7/13/2023
Dividend Payable
7/28/2023
Next Earnings (Estimated)
8/18/2023
Fiscal Year End
1/31/2024

Industry, Sector and Symbol

Industry
Shoe stores
Sub-Industry
Apparel Retail
CUSIP
34484910
Employees
46,880
Year Founded
1974

Price Target and Rating

Average Stock Price Forecast
$38.80
High Stock Price Forecast
$62.00
Low Stock Price Forecast
$28.00
Forecasted Upside/Downside
+50.2%
Consensus Rating
Hold
Rating Score (0-4)
2.15
Research Coverage
20 Analysts

Profitability

Net Income
$342 million
Pretax Margin
4.60%

Debt

Sales & Book Value

Annual Sales
$8.76 billion
Cash Flow
$7.06 per share
Book Value
$35.14 per share

Miscellaneous

Free Float
90,439,000
Market Cap
$2.41 billion
Optionable
Optionable
Beta
1.23

Social Links


Key Executives

  • Mary N. Dillon
    President, Chief Executive Officer & Director
  • Elliott Rodgers
    Chief Operating Officer & Executive VP
  • Robert Higginbotham
    Chief Financial Officer & SVP-Investor Relations
  • Himanshu Parikh
    Chief Information Officer & Senior Vice President
  • Adrian M. Butler
    Chief Technology Officer & Senior Vice President













FL Stock - Frequently Asked Questions

Should I buy or sell Foot Locker stock right now?

20 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Foot Locker in the last twelve months. There are currently 2 sell ratings, 13 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research 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.
View FL analyst ratings
or view top-rated stocks.

What is Foot Locker's stock price forecast for 2023?

20 brokerages have issued twelve-month target prices for Foot Locker's stock. Their FL share price forecasts range from $28.00 to $62.00. On average, they expect the company's stock price to reach $38.80 in the next twelve months. This suggests a possible upside of 46.4% from the stock's current price.
View analysts price targets for FL
or view top-rated stocks among Wall Street analysts.

How have FL shares performed in 2023?

Foot Locker's stock was trading at $37.79 at the beginning of the year. Since then, FL shares have decreased by 29.8% and is now trading at $26.51.
View the best growth stocks for 2023 here
.

Are investors shorting Foot Locker?

Foot Locker saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 10,610,000 shares, an increase of 10.6% from the April 30th total of 9,590,000 shares. Based on an average daily volume of 3,590,000 shares, the short-interest ratio is currently 3.0 days. Approximately 13.1% of the shares of the company are short sold.
View Foot Locker's Short Interest
.

When is Foot Locker's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, August 18th 2023.
View our FL earnings forecast
.

How were Foot Locker's earnings last quarter?

Foot Locker, Inc. (NYSE:FL) issued its quarterly earnings data on Friday, May, 19th. The athletic footwear retailer reported $0.70 EPS for the quarter, missing analysts' consensus estimates of $0.78 by $0.08. The athletic footwear retailer had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.99 billion. Foot Locker had a trailing twelve-month return on equity of 11.77% and a net margin of 2.88%. The firm's revenue for the quarter was down 11.3% compared to the same quarter last year. During the same period last year, the company posted $1.60 earnings per share.

How often does Foot Locker pay dividends? What is the dividend yield for Foot Locker?

Foot Locker declared a quarterly dividend on Wednesday, May 17th. Investors of record on Friday, July 14th will be paid a dividend of $0.40 per share on Friday, July 28th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 6.04%. The ex-dividend date of this dividend is Thursday, July 13th.
Read our dividend analysis for FL
.

Is Foot Locker a good dividend stock?

Foot Locker (NYSE:FL) pays an annual dividend of $1.60 per share and currently has a dividend yield of 6.00%. 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 62.02%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FL will have a dividend payout ratio of 54.24% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for FL.

What guidance has Foot Locker issued on next quarter's earnings?

Foot Locker updated its FY 2023 earnings guidance on Friday, May, 26th. The company provided earnings per share guidance of $2.00-$2.25 for the period, compared to the consensus earnings per share estimate of $3.46. The company issued revenue guidance of $8.05 billion-$8.18 billion, compared to the consensus revenue estimate of $8.36 billion.

What is Richard A. Johnson's approval rating as Foot Locker's CEO?

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.

What other stocks do shareholders of Foot Locker own?

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).

What is Foot Locker's stock symbol?

Foot Locker trades on the New York Stock Exchange (NYSE) under the ticker symbol "FL."

Who are Foot Locker's major shareholders?

Foot Locker's stock is owned by many different institutional and retail investors. Top institutional shareholders include FMR LLC (10.80%), BlackRock Inc. (10.05%), Dimensional Fund Advisors LP (6.28%), LSV Asset Management (4.57%), Macquarie Group Ltd. (3.94%) and State Street Corp (3.21%). Insiders that own company stock include Eugene Nonko, Giovanna Cipriano, John A Maurer, John A Maurer, Lauren B Peters, Matthew M Mckenna, Richard A Johnson, Todd Greener, Vesa Equity Investment SA RL and William Scott Martin.
View institutional ownership trends
.

How do I buy shares of Foot Locker?

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.
Compare Top Brokerages Here.

What is Foot Locker's stock price today?

One share of FL stock can currently be purchased for approximately $26.51.

How much money does Foot Locker make?

Foot Locker (NYSE:FL) has a market capitalization of $2.48 billion and generates $8.76 billion in revenue each year. The athletic footwear retailer earns $342 million in net income (profit) each year or $2.58 on an earnings per share basis.

How many employees does Foot Locker have?

The company employs 46,880 workers across the globe.

Does Foot Locker have any subsidiaries?
The following companies are subsidiares of Foot Locker: FL Finance (Europe) Limited , FLE Holdings Coöperatief U.A., FLE Logistics B.V., Foot Locker Artigos Desportivos e de Tempos Livres Lda. , Foot Locker Asia Pte. Ltd., Foot Locker Australia Inc. , Foot Locker Austria GmbH , Foot Locker Belgium BVBA , Foot Locker Canada Co. , Foot Locker Corporate Services Inc. , Foot Locker Czech Republic s.r.o., Foot Locker Denmark B.V., Foot Locker Europe B.V. , Foot Locker Europe.com B.V., Foot Locker France S.A.S. , Foot Locker Germany GmbH & Co. KG , Foot Locker Greece Athletic Goods Ltd. , Foot Locker Hong Kong Ltd., Foot Locker Hungary Kft. , Foot Locker Italy S.r.l. , Foot Locker Korea LLC. , Foot Locker Macau, Foot Locker Malaysia Sdn. Bhd., Foot Locker Netherlands B.V. , Foot Locker New Zealand Inc. , Foot Locker Norway B.V., Foot Locker Poland Sp. z o.o., Foot Locker Retail Inc., Foot Locker Retail Ireland Limited , Foot Locker Scandinavia B.V. , Foot Locker Services Pte. Ltd., Foot Locker Singapore Pte. Ltd., Foot Locker Sourcing Inc. , Foot Locker Spain S.L. , Foot Locker Specialty Inc. , Foot Locker Stores Inc. , Foot Locker Switzerland LLC, Freedom Sportsline Limited , RPG.com GmbH, Runners Point B.V. & Co. K.G., Runners Point Switzerland LLC, Sidestep GmbH, and Team Edition Apparel Inc. .
Read More
How can I contact Foot Locker?

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.

This page (NYSE:FL) was last updated on 6/9/2023 by MarketBeat.com Staff

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