Foot Locker Stock Forecast, Price & News

Foot Locker's stock was trading at $25.04 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, FL stock has increased by 42.9% and is now trading at $35.79.
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18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Foot Locker in the last year. There are currently 1 sell rating, 7 hold ratings and 10 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Foot Locker.

Foot Locker is scheduled to release its next quarterly earnings announcement on Friday, November 27th 2020.
View our earnings forecast for Foot Locker.

Foot Locker, Inc. (NYSE:FL) released its quarterly earnings results on Friday, August, 21st. The athletic footwear retailer reported $0.71 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.69 by $0.02. The athletic footwear retailer earned $2.08 billion during the quarter, compared to analyst estimates of $2.07 billion. Foot Locker had a return on equity of 12.40% and a net margin of 2.88%. The business's quarterly revenue was up 17.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.66 EPS.
View Foot Locker's earnings history.

Foot Locker announced a quarterly dividend on Monday, August 24th. Investors of record on Friday, October 16th will be paid a dividend of $0.15 per share on Friday, October 30th. This represents a $0.60 annualized dividend and a yield of 1.68%. The ex-dividend date of this dividend is Thursday, October 15th.
View Foot Locker's dividend history.

Foot Locker declared that its Board of Directors has authorized a share repurchase plan on Wednesday, February 20th 2019, which permits the company to buyback $1,200,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to reacquire up to 17.7% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's management believes its stock is undervalued.

Foot Locker updated its second quarter earnings guidance on Monday, August, 10th. The company provided EPS guidance of $0.66-0.70 for the period, compared to the Thomson Reuters consensus EPS estimate of ($0.52).

18 brokers have issued 1 year target prices for Foot Locker's stock. Their forecasts range from $20.00 to $48.00. On average, they anticipate Foot Locker's share price to reach $32.44 in the next year. This suggests that the stock has a possible downside of 9.4%.
View analysts' price targets for Foot Locker.

Foot Locker saw a increase in short interest in August. As of August 31st, there was short interest totaling 11,650,000 shares, an increase of 37.2% from the August 15th total of 8,490,000 shares. Based on an average trading volume of 3,050,000 shares, the days-to-cover ratio is presently 3.8 days. Currently, 12.0% of the shares of the stock are sold short.
View Foot Locker's Short Interest.

Some companies that are related to Foot Locker include TJX Companies (TJX), Ross Stores (ROST), GAP (GPS), American Eagle Outfitters (AEO), Urban Outfitters (URBN), Buckle (BKE), Abercrombie & Fitch (ANF), Guess? (GES), Zumiez (ZUMZ), Shoe Carnival (SCVL), Designer Brands (DBI), Childrens Place (PLCE), Caleres (CAL), Genesco (GCO) and Citi Trends (CTRN).
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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), Cisco Systems (CSCO), Micron Technology (MU), CVS Health (CVS), QUALCOMM (QCOM), Alibaba Group (BABA), Gilead Sciences (GILD) and Netflix (NFLX).

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 institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (9.16%), LSV Asset Management (4.57%), FMR LLC (1.70%), Bank of New York Mellon Corp (1.30%), Balyasny Asset Management LLC (1.28%) and AQR Capital Management LLC (1.13%). Company insiders that own Foot Locker stock include John A Maurer, Matthew M Mckenna and Richard A Johnson.
View institutional ownership trends for Foot Locker.

FL stock was sold by a variety of institutional investors in the last quarter, including Ruffer LLP, Thompson Siegel & Walmsley LLC, AQR Capital Management LLC, Prudential PLC, Bank of New York Mellon Corp, Vanguard Group Inc., Arnhold LLC, and Charles Schwab Investment Management Inc..
View insider buying and selling activity for Foot Locker.

FL stock was bought by a variety of institutional investors in the last quarter, including Balyasny Asset Management LLC, Holocene Advisors LP, FMR LLC, Zweig DiMenna Associates LLC, First Trust Advisors LP, Towle & Co., Duality Advisers LP, and SG Americas Securities LLC.
View insider buying and selling activity for Foot Locker.

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

One share of FL stock can currently be purchased for approximately $35.79.

Foot Locker has a market capitalization of $3.74 billion and generates $8.01 billion in revenue each year. The athletic footwear retailer earns $491 million in net income (profit) each year or $4.93 on an earnings per share basis. Foot Locker employs 50,999 workers across the globe.

The official website for Foot Locker is www.footlocker-inc.com.

Foot Locker's mailing address is 330 WEST 34TH STREET, NEW YORK NY, 10001. The athletic footwear retailer can be reached via phone at 212-720-3700 or via email at [email protected]