Foot Locker - FL Stock Forecast, Price & News

22 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Foot Locker in the last year. There are currently 1 sell rating, 14 hold ratings and 7 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.
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22 equities research analysts have issued twelve-month price targets for Foot Locker's stock. Their FL share price forecasts range from $29.00 to $62.00. On average, they expect the company's share price to reach $44.30 in the next twelve months. This suggests a possible upside of 10.8% from the stock's current price.
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Foot Locker's stock was trading at $37.79 at the beginning of the year. Since then, FL shares have increased by 5.8% and is now trading at $39.98.
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The company is scheduled to release its next quarterly earnings announcement on Friday, May 19th 2023.
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Foot Locker, Inc. (NYSE:FL) announced its quarterly earnings results on Monday, March, 20th. The athletic footwear retailer reported $0.97 earnings per share for the quarter, beating analysts' consensus estimates of $0.52 by $0.45. The athletic footwear retailer had revenue of $2.33 billion for the quarter, compared to analysts' expectations of $2.14 billion. Foot Locker had a net margin of 3.91% and a trailing twelve-month return on equity of 14.57%. The firm's revenue was down .3% on a year-over-year basis. During the same period last year, the company posted $1.67 earnings per share.

Foot Locker declared a quarterly dividend on Wednesday, February 15th. Shareholders of record on Friday, April 14th will be paid a dividend of $0.40 per share on Friday, April 28th. This represents a $1.60 dividend on an annualized basis and a yield of 4.00%. The ex-dividend date is Thursday, April 13th.
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 400 Pure Value ETF (RFV), Invesco S&P Ultra Dividend Revenue ETF (RDIV), WBI Power Factor High Dividend ETF (WBIY), Global X Health & Wellness ETF (BFIT), SPDR S&P Retail ETF (XRT), Cambria Shareholder Yield ETF (SYLD), Direxion Daily Retail Bull 3X Shares (RETL) and Avantis U.S. Small Cap Value ETF (AVUV).

Foot Locker (NYSE:FL) pays an annual dividend of $1.60 per share and currently has a dividend yield of 4.21%. 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 44.82%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FL will have a dividend payout ratio of 37.65% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for FL.

Foot Locker issued an update on its FY 2023 earnings guidance on Monday, March, 20th. The company provided EPS guidance of $3.35-$3.65 for the period, compared to the consensus earnings per share estimate of $4.48. The company issued revenue guidance of $8.27 billion-$8.44 billion, compared to the consensus revenue estimate of $8.56 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 variety of retail and institutional investors. Top institutional shareholders include Vesa Equity Investment S.a r.l. (12.29%), Dimensional Fund Advisors LP (5.92%), LSV Asset Management (4.65%), Morgan Stanley (1.79%), Geode Capital Management LLC (1.58%) and Arrowstreet Capital Limited Partnership (1.29%). 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.
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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 $39.98.

Foot Locker (NYSE:FL) has a market capitalization of $3.73 billion and generates $8.76 billion in revenue each year. The athletic footwear retailer earns $342 million in net income (profit) each year or $3.57 on an earnings per share basis.

The company employs 49,933 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.